BridgeStreet Global Hospitality – aleading international solution for serviced apartments – has announced the appointment of a new real estate director. Bringing more than 15 years of experience, Derrick LaRosa is the company’s newest brand ambassador, whose distinct career path, combining commercial real estate and investment banking expertise, makes him the perfect addition to the Real Estate Management team.
In this role, LaRosa’s overall goal is to assist in maximizing the economic impact of the company’s international real estate portfolio. His responsibilities include sourcing, acquiring and analyzing information needed to make decisions and recommendations for procuring, renewing, extending or disposing of leased, managed or other portfolio properties. His exceptional financial analysis skills – developed during his time at top investment bank JP Morgan -allow him to evaluate data on a wide variety of real estate matters while accounting for the financial underpinnings of each deal.
“Derrick’s unparalleled experience in both finance and commercial real estate make him a valuable addition to the BridgeStreet team,” said Walter Dembiec, Jr., managing director of Americas operations at BridgeStreet. “His understanding of formulating asset management strategies based on valuation benchmarks and underwriting standards will benefit the entire Real Estate Management department.”
With more than 50,000 apartments in 60 countries, BridgeStreet Global Hospitality meets every need, whether guests plan to stay three days, three weeks or three years. BridgeStreet’s family of brands includes six-star Exclusive, five-star Residences, four-star ApartHotels and Living, three-star Places and two-star Stüdyo offering the convenience of apartment living with a variety of service packages to offer each guest options based on location, price point and individual needs.