Paramus-based Reynolds Asset Management (Reynolds) has expanded its leadership team with the addition of three accomplished professionals. Joe Raitt joins as director of acquisitions, Sam Magalnik joins as director of asset management, and Matt Breuer joins as in-house general counsel.
“As Reynolds continues to grow, expanding our leadership team is key to driving our success,” said Matthew Earl, COO of Reynolds Asset Management. “Joe, Sam and Matt each bring exceptional expertise to the team that will immediately enhance our operations and play a vital role in strengthening the firm’s ability to scale successfully.”
Raitt will manage the firm’s new deal pipeline, overseeing the underwriting team and managing new deal acquisitions. Within the New York area, Raitt has held several positions at Invesco Real Estate, Westview Group, Seritage Growth Properties, LBA Realty and Cofinance Group. Most recently, he served at Westmount Capital Partners as the company’s senior vice president of global real estate.
After earning a bachelor’s degree from the University of Alberta and an MBA from the Schulich School of Business at York University, Magalnik held roles at Starlight Investments, Avenue Living Asset Management, Tricon Residential and Deveraux Asset Management where he gained experience in asset management for multifamily properties. In his new position with the Reynolds team, he will oversee the asset management team, implementing new policies, procedures and programs designed to drive revenue and reduce expenses as well as provide institutional quality reporting.
With extensive experience in the legal and private sectors, Breuer joins Reynolds as general counsel, bringing expertise in real estate law, mergers and acquisitions. Previously, Breuer served as a partner at a prominent law firm in Michigan, where he was recognized by Best Lawyers in America’s 2023: “Ones to Watch.” At Reynolds, he will handle all legal aspects of the business including acquisitions and dispositions, contract reviews, as well as partnerships and joint venture agreements, among others.
