Purchase, N.Y., May 17, 2023 -- MAXX Properties—a privately held real estate company—announced today the addition of Adam Fruitbine to the newly-formed position of Chief Investment Officer.
Mr. Fruitbine will lead MAXX Properties’ sourcing and origination of multifamily investment opportunities throughout the U.S. The hiring of Mr. Fruitbine is an important next step in the evolution of MAXX Properties’ growth story.
"We are delighted to have Adam’s 25-year track record join our team,” said Bill Markey, CEO. "His institutional knowledge and experience will be invaluable to MAXX Properties as we seek to leverage the robust operating platform we have built over our 87-year history."
As a key member of the executive team, Adam will also be a key contributor to MAXX’s strategic growth plans to open doors to new capital partnerships via an investment management business. This includes building and leading a team of investor relations and capital markets professionals.
With 25 years of industry experience concentrated in the multifamily asset class, Adam brings leadership expertise in acquisitions, structured equity finance investing, capital markets, building and leading investment management platforms, capital raising, development, and portfolio management.
Adam is a member of the Urban Land Institute’s (ULI) Multifamily Gold Product Council Leadership Team, and member/former Finance Chair for the National Multi Housing Council (NMHC). Adam is also a member of the Pension Real Estate Association (PREA) Capital Markets Affinity Group.
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