Reynolds Asset Management appoints SVP to manage acquisitions

In an effort to support the firm’s continued growth into new markets across the country, Paramus-based Reynolds Asset Management appointed Buddy Setton as senior vice president. Setton will be responsible for managing the growth of Reynolds’ acquisition pipeline, overseeing diligence and closing processes, handling asset management across Reynolds’ portfolio and leading the firm’s third-party property management teams.

“Buddy comes to us with an impressive real estate background and reputation, as well as a passion for the industry that aligns with our values,” Lou Reynolds, founder and CEO of Reynolds Asset Management, said. “Onboarding a seasoned professional like Buddy underscores our commitment to provide superior execution of commercial real estate projects, and we look forward to implementing his talent as we continue to grow our portfolio nationwide.”

Setton comes to the Reynolds team with nearly seven years of acquisitions/asset management experience, most recently for New York-based Sutton Equity LLC. His experience has allowed him to help source, underwrite, negotiate and close on approximately $80 million of deal capitalization for the firm, and assist with some asset management needs.