Jersey City-based Mack-Cali Realty Corporation announced changes to its executive management team with the appointments of David J. Smetana as chief financial officer and Nicholas Hilton as executive vice president of leasing. Smetana will begin to perform his duties as chief financial officer upon the departure of Anthony Krug, who will be leaving Mack-Cali to pursue other opportunities. Krug will continue to serve as chief financial officer during the transition period in the first quarter of 2018. Hilton will start in February 2018 and DeLorenzo will also depart after a transition period.
Smetana has over 20 years of real estate experience across a variety of roles. Most recently, he was a managing director and REIT securities analyst on Morgan Stanley Investment Management’s Global REIT Securities Team from 2001 to 2017. Previously, Smetana was a REIT investment banker at Morgan Stanley and was part of Morgan Stanley’s Real Estate Special Situations Fund from 1997 to 2001. Smetana received his Bachelor of Business Administration in Accounting from the University of Wisconsin-Madison and holds a CPA certificate in Virginia.
Hilton was most recently a senior vice president at CBRE, where he had been for over 13 years and worked with firms like Mack-Cali, Bentall Kennedy, Royal Bank of Canada, Ernst & Young and The Boston Consulting Group. Hilton received his Bachelor of Arts in English from Rutgers University.
Michael J. DeMarco, Mack-Cali’s chief executive officer, stated, “We are excited to add further depth to our executive management team. David’s extensive knowledge of the real estate industry includes over twenty years of REIT experience, and we believe that he will bring significant experience and leadership in his new role as chief financial officer. Nicholas, who we’ve had the opportunity to work with while he was at CBRE, is one of the most talented brokers I’ve had the pleasure of working with. He is extremely knowledgeable about the waterfront and the New Jersey office markets and will help lead and enhance our leasing efforts across all of our office markets as we work to increase occupancy.”
DeMarco continued, “I would like to thank Tony and Chris for their tremendous hard work and contributions to the strategic repositioning of Mack-Cali. Our success to date has been a team effort in which they played an integral part. They will both remain not only colleagues but close friends, and I wish them all the best in their future endeavors.”