Dive Brief:
- As it eyes future growth, Chicago-based owner and operator Daniel Management Group has hired Ian Bingham as senior vice president of business development and Gzim Durakovic as director of maintenance, according to a press release shared with Multifamily Dive.
- Durakovic, who has more than a decade of experience in construction and facilities management, will focus on strengthening maintenance operations, overseeing preventative maintenance and improving curb appeal. He has served as a regional construction and facilities manager at Redwood Construction and held senior leadership roles with Berkshire Management and Greystar.
- Bingham, in the newly created role, will oversee the growth of DMG’s third-party property management business. Bingham, a board member of the National Multifamily Housing Council and the current vice chair of the membership committee, has more than 27 years of industry experience in market-rate, affordable, student housing and single-family rentals throughout North America, with a focus on the Midwest, according to the press release
Dive Insight:
Before coming to DMC, Bingham served in a business development role at Buckingham Cos., RPM Living and CF Real Estate Services. He was also an executive at Village Green Holdings, where he focused on both business development and site operations for 17 years, according to the press release.
As Bingham moves to DMG, he will reunite with Roger Daniel, the firm's president and founder, he told Multifamily Dive.
“He is someone that I mentored in the manager-in-training program at Village Green,” Bingham said.
Currently, DMG management is split roughly 50/50 between its own properties and third-party clients. Bingham said he doesn’t expect that to change going forward, but does see expansion on the horizon in both categories.
“On the acquisition side, which I'll be assisting in some ways, there's definitely an appetite for medium-sized assets,” Bingham said. “The $50 millionish strike point, plus or minus, is the goal.”
On the management front, Bingham said growth could come from lease-up properties and taking over contracts from other management firms.
“The third-party growth is really something we want to concentrate on too and expanding the geographical footprint,” Bingham said. “Today, the property [footprint] is pretty Midwest, specifically, Wisconsin, Illinois and Indiana. We do have stuff in Texas as well. We would love to expand, which is part of why I joined the firm.”
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