Industrial N Illinois

Industrial Outdoor Ventures doubles in size with new hires

Industrial Outdoor Ventures doubles in size with new hires,ph1
Ray Michaelsen
Industrial Outdoor Ventures
Industrial Outdoor Ventures doubles in size with new hires,ph2
Eric Johnson
Industrial Outdoor Ventures

Schaumburg, Illinois-based Industrial Outdoor Ventures (IOV), a real estate investment company focused exclusively on the acquisition, development and redevelopment of industrial services facilities, has hired five new staff members: Anthony DeLaurentis, James Georgalas, Eric Johnson, Ray Michaelsen and Tina Torossian.

“To accelerate the execution of our business plan we needed the right team in place,” said the CEO of IOV, Tom Barbera. “IOV’s acquisition pipeline has expanded radically since we launched in January 2017 and it’s time to expand both the company’s collective skill set as well as our deal-processing capacity. We expect our newest team members will be able to jump in quickly to supercharge our growth plans and better serve all of our stakeholders.”

Johnson has been named vice president of development and acquisitions to specifically oversee the firm’s development activity. A veteran of the industry, he most recently served as CenterPoint Properties’ development manager – central region, where he was actively involved in the build-out of the Joliet and Elwood Intermodal Parks. He has worked on a variety of complex rail-, port- and infrastructure-related industrial development projects beginning with land acquisition through the construction phase straight through to tenant move-in. Johnson earned an MBA from Loyola University Chicago and a bachelor of science from Purdue University.

Michaelsen joins as senior manager of construction and property management. In this role, Michaelsen will manage all construction and improvements for IOV-acquired properties and handle property management and tenant issues for owned sites. Michaelsen brings more than 20 years of experience in property and project management to the firm. He was previously a regional property manager with Kimco Realty and also worked as a director of property management with Nicolson, Porter and List, as well as Northern Builders. Michaelsen holds a masters in management policy and finance from Northwestern University and a bachelor of science from Bradley University.

As acquisitions officer, Georgalas will focus on due diligence and investment underwriting for new acquisitions. A former associate with International Capital Investment Company, Georgalas served as a management associate where he provided market analysis of rent, sales and development activity for the firm’s specialty retail business while also developing an annual budget and dashboard reporting system for its 300-unit single-family residential portfolio. Following a switch to real estate associate, Georgalas oversaw the company’s enterprise-wide risk management program with a primary focus on real estate asset management. Georgalas graduated with an MBA from the University of Notre Dame and earned a bachelor of science from Indiana University.

DeLaurentis joins IOV as acquisitions associate and will be involved in all aspects of the acquisition process, from deal sourcing and leasing to asset integration into the IOV portfolio. A recent graduate of Indiana University Bloomington, DeLaurentis previously interned with IOV. During his internship, he assisted with acquisition analysis and risk assessment and market research. DeLaurentis also serves on the board of Solly’s Way Foundation.

Tina Torossian joins IOV as marketing coordinator. She will lead marketing and administrative functions, including website design, social media and project updates as IOV continues to grow its portfolio. She will also serve as executive assistant to Barbera.

IOV is currently in acquisition mode, seeking to acquire $100 million plus in assets over the next 12 months, with a five-year plan to amass more than $500 million in product type. IOV currently has $100 million in assets in major markets such as Atlanta, Chicago, Dallas, Houston and Denver.