First National Realty Partners announced a key new hire to its executive leadership team, according to a Thursday announcement from the Red Bank-based firm. Josh Champion has been appointed as FNRP’s new CEO and brings a wealth of experience in investment, asset and fund management, as well as leading high-functioning, successful teams.
“We are both fortunate and excited to have Josh join the FNRP team. Josh brings a track record of investment success combined with deep experience scaling growing firms that we believe is unmatched in the industry,” Jared Feldman, executive chairman of FNRP, said. “We look forward to Josh being able to apply his background and prior accomplishments to help FNRP embark on its next phase of growth.”
Prior to joining FNRP, Champion served as president and chief investment officer of CARROLL, a vertically integrated private equity real estate business. In this role, he oversaw the day-to-day operations of the company’s investment platform, asset and portfolio management, capital raising, investor reporting and fund management. He was also responsible for the formulation and implementation of the firm’s national acquisition and disposition strategies.
Furthermore, Champion led the acquisition of over 75,000 multifamily units nationwide and more than $20 billion of multifamily and mixed-use real estate transactions through multiple market cycles. He has raised over $4 billion of equity through discretionary funds, separate accounts and programmatic joint ventures, and sourced and secured over $8 billion of debt financing. During his tenure at CARROLL, the firm realized gross portfolio returns of 29% internal rate of return and 2.2x equity multiple across more than $8.5 billion of dispositions.
“FNRP has successfully grown a national presence and executed on its business plan of building a best-in-class real estate private equity firm. The team is made up of talented, high-integrity, growth-oriented professionals with a persistent drive to achieve the goals and vision of the firm,” Champion said. “I am excited to be joining this first-class organization and look forward to guiding and leading the team through the next chapter of growth.”