First National Realty Partners (FNRP) on Monday announced a key new hire and executive promotion within its c-suite. Industry veteran Michael Hazinski has joined the team as chief investment officer; Jared Feldman, who formerly held that role, has been promoted to executive chairman.
The executive appointments support the company’s strategic growth initiatives as it continues to increase its market share of grocery-anchored and necessity-based, open air shopping centers nationwide.
“Recruiting top talent and rewarding outstanding performance is critical to our success as we expand FNRP’s portfolio and geographic reach,” Christopher Palermo, co-founder and co-chairman said. “Mike and Jared exemplify the caliber of professionals who possess the expertise and the dedication necessary to help us move our company forward.”
Hazinski will leverage his more than 19 years of retail real estate investment experience to design and implement strategies to grow FNRP’s portfolio. The company has closed or has in contract more than $800 million of property investments year-to-date and is setting its sights on approximately $1 billion of new acquisitions in 2023.
“We are thrilled to have Mike on board,” Feldman, who will work closely with Hazinski as he transitions into his new role said. “It was immediately apparent to everyone involved in the interview process that he has the credentials and connections to take the company to a new level on the acquisition side. I am confident our team is in strong and capable hands.”
Prior to joining FNRP, Hazinski was senior vice president, director of investments at Retail Properties of America, where he executed on over $4 billion in closed transactions encompassing acquisitions, dispositions, debt financing, and joint venture equity. He was also an asset manager for a portfolio of closed-end funds invested in retail and multi-family assets. Hazinski earned a Master of Business Administration degree from the University of Chicago Booth School of Business and a bachelor’s degree from the University of Dayton.
I am excited to join one of the most active retail acquisition platforms in the country,” Hazinski said. “I look forward to working with our dynamic acquisitions team to execute our growth strategy.”
Feldman joined FNRP in 2020, and his institutional knowledge and leadership abilities have been instrumental to the firm’s evolution and rapid growth in the commercial real estate investment sector. In his new role, he will focus on strategic initiatives that include creating an Institutional Equity Program for FNRP and developing educational content for investors, along with the implementation of other key initiatives to support the company’s future growth.
“I am incredibly proud of what the entire FNRP team has accomplished during the past three years,” Feldman said. “As an organization, we are just getting started, and I am excited to help the company continue to execute on its long-term strategic vision.”