Shoptalk: New Honcho at Habitat

M.Fiascone

Matt Fiascone. Photograph courtesy of The Habitat Company

There’s a new leader over at The Habitat Company.  Matt Fiascone is taking the lead at the development company, known most recently for its Hubbard Place residential tower (360 West Hubbard Street) in River North.

Check out the press release below for the deets:


The Habitat Company, a leading property manager and developer, is pleased to announce that Matt Fiascone has been promoted to president of the organization. As president, Fiascone is charged with providing strategic leadership to guide the direction of the organization, and lead the daily operations and opportunities for expansion through development and acquisition. He also will oversee all property management and asset management services.

Hubbard Place under construction

Hubbard Place under construction

For the past three years, Fiascone has excelled in the role of senior vice president of Finance and Investment at The Habitat Company. His direction and expertise have paved the way for new partnerships and investment opportunities, ushering in new business that enabled considerable growth for the company.

Since joining Habitat in 2011, Fiascone has been instrumental in strategizing, executing, and managing more than $500 million of capital events. His work has included $140 million in development with joint venture equity, $160 million recapitalization of existing venture, and identifying new capital partners. He has led the negotiation and structured the acquisition of 1,200 apartment units, worth $115 million in new markets, which has allowed Habitat to increase its footprint. He also established new relationships for both debt and equity, and was the lead creator of Habitatąs dedicated asset management platform. In addition, Fiascone refinanced more than $150 million in portfolio assets with GSE’s, HUD and bank debt.

“Matt’s proven professional expertise and dedication have been instrumental to Habitatąs exceptional leadership, growth and success,” said Daniel Levin, founder and chairman of The Habitat Company. “Habitat prides itself on holding the highest standards, values and spirit to maintain its position as a leader in the industry. I am confident that Matt will build on the companyąs current momentum and continue to develop new business opportunities, and manage and deliver the best products and services for our clients.”

“The Habitat Company has earned a reputation that is respected in the industry, and Iąm thrilled to provide strategic leadership to a team that constantly works to improve that stellar reputation,” said Matt Fiascone, president of The Habitat Company. “Our history continues to prove that when we combine those two assets, reputation and team members, we are a company that is poised for a bright future.”

Prior to joining The Habitat Company in 2011, Fiascone was senior vice president for Inland Real Estate Development Corporation, where he principally was involved in more than 35 large-scale developments of over 10,000 acres of property, and negotiated and managed in excess of $250
million in joint ventures. A member of the Board of Directors of Inland Bank and Trust, Lambda Alpha
(a Land Economics Honorary Society), the Urban Land Institute, and the National Multi Housing Council, Fiascone also is a licensed real estate broker in Illinois and Florida.

habitat_logoFiascone, 51, earned a Bachelor’s degree in Business and Economics from Bradley University. A Hinsdale resident, he and his wife, Karen, have two adult children.

About The Habitat Company

Founded in 1971, The Habitat Company is a full-service real estate company, committed to the highest standards in management, service and development. Habitat has proudly earned its reputation for excellence in serving diverse communities and people. The company is an organization of more than 750 employees operating in metropolitan areas throughout the country dedicated to improving the communities they serve. The Habitat Company remains loyal to its mission to be an innovative leader in the development and management of a broad range of housing and real estate-related facilities. For more information, visit www.habitat.com.

Editor

Author: Editor

Editor founded the Chicago Architecture Blog in 2003, after a long career in journalism. He can be reached at chicagoarchitectureinfo@gmail.com.

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