NexCore Adds Two Senior Executives
With an expanding national development pipeline and lofty goals for acquisitions, NexCore Group can now count on the capabilities delivered by two additional experienced senior executives. Kim Prentice is NexCore’s new Managing Director, Development and Operations, and Jay Mactas has joined the firm as Managing Director, Development and Acquisitions. Both are based at NexCore’s Denver corporate offices.
Mr. Prentice brings more than 25 years of high-level experience in a broad range of capacities for leading commercial real estate firms including Bedford Property Investors Inc., Hammes Co., BetaWest Inc. and BCE Development Properties Inc. Most recently, he was Director of Real Estate for the Fitzsimons Redevelopment Authority, where he was responsible for managing the FRA’s development activities on the largest medical-related redevelopment project in the United States.
In his new role with NexCore, Mr. Prentice heads the firm’s design and construction group and spearheads the development of enhanced systems and procedures to effectively manage the firm’s rapid growth. He earned an MBA from the University of Colorado and a Master of Architecture from the University of Illinois, Urbana-Champaign.
“I was attracted to NexCore because of the energy level of the individuals in the firm and the success that they have already achieved,” explains Mr. Prentice. “I believe there is unlimited potential for the company in a variety of different platforms.”
Mr. Mactas has more than 25 years of high-level experience in finance and acquisitions in a variety of roles, proving himself exceptionally skilled in the areas of negotiation and cost control. Before joining NexCore, he successfully managed an asset portfolio of $300 million for the nation’s largest independent, fee-only financial counseling firm, managed three mutual funds for a Fortune 500 company, and acquired $38 million of real estate for a New York private investment firm.
In his new role, Mr. Mactas is responsible for sourcing, negotiating, and structuring development and acquisition opportunities for NexCore’s healthcare sector. He joined the firm after representing a client in a transaction with NexCore.
“I was impressed by NexCore’s creativity, professionalism and the opportunities they were able to source,” says Mr. Mactas, who earned his MBA from the University of Pennsylvania’s Wharton School. He says he looks forward to using his negotiating experience to craft healthcare real estate transactions that meet the different needs of various constituencies, including hospitals, physicians, equity investors and debt investors.
“It’s an exciting challenge to make all those pieces fit together in the right way,” Mr. Mactas says.