Situs appointed John Zielke as the head of underwriting over the company’s multifamily advisory group.
The commercial real estate advisory firm’s new appointment is meeting the company’s goal of client base expansion and transaction volume.
In his new role as head of underwriting, Zielke will focus on expanding Situs’ advisory services as well as its client base of debt and equity participants.
Over the past six years, Zielke has served as chief underwriter for Column Financial and deputy chief underwriter at Walker & Dunlop (WD).
As the government-sponsored enterprises play a vital role in bringing liquidity to the market, Situs’ Multifamily Group will be integral in supplying advisory services, said Zenobia Tambuvala, executive managing director for Situs.
"Multifamily rental housing represents a significant part of the U.S. housing market and we are seeing an increased demand for related services both on the debt and equity side," Tambuvala explained.
Situs’ multifamily advisory group has experience with student housing and manufactured housing products, including development, management and principal ownership.