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Signet LLC is reorganizing its real estate ventures into one platform and has launched the Signet Real Estate Group, the Akron-based private investment firm announced in a Tuesday, Nov. 14, news release.
The move is a continuation of the brand refinement Signet — which counts 25 companies in North America and Asia among its portfolio — underwent late last year.
By including all of the firm’s real estate functions — such as development, property management, project management, brokerage and advisory, and capital markets under one group, Signet can better serve its clients through efficiencies and easier collaboration, the release stated.
“We are delighted to announce the launch of Signet Real Estate Group, which is the culmination of the efforts of many in our organization,” Signet chairman Anthony Manna said in a statement. “Our real estate resources are now fully aligned to not only build upon our past successes, but to also reach new heights as a unified real estate team.”
Signet specializes in student housing, medical offices and public-private partnership projects. Its real estate portfolio weighs in at about $4.5 billion.
Leading the new group as president is Jason Perry, former senior vice president and managing director of Signet Development, who will work out of the company’s Jacksonville, Fla., office. Alan Gribble, president of Signet’s property management division, will lead those efforts out of the Akron office, according to the release.
“With a mission to create value for our client partners by delivering customized, integrated real estate development, finance and property management solutions, Signet Real Estate Group now has the foundation in place to double development volume within five years,” Signet CEO Kenneth Krismanth said in a statement.
Signet’s past projects include operates the NEOMED Education and Wellness Center in Rootstown, the MetroHealth Brecksville Health & Surgery Center, the Center for Integrated Wellness in Bloomington, Ill., and Infinity Hall, an entrepreneurial-based academic residential community at the University of Florida.