Westwood New Executive VP Leads Expansion

Matt Lougee, Westwood Financial

Westwood Financial appointed Matt Lougee as executive vice president to lead the firm’s ongoing growth and expansion. In his new role, Lougee will spearhead the firm’s corporate strategy and finance by facilitating retail investment financing, overseeing capital formation and investor relations and negotiating joint-venture partnerships.

10-year track record

Lougee joins from DDR Corp., a REIT that owns more than 300 open-air shopping centers, where he served as senior vice president of finance. In this capacity, Lougee was involved in asset management, transactions, capital formation, corporate finance and accounting and investor relations.

 “Matt brings over a decade of real estate finance experience, specifically in value-oriented shopping centers and will be integral in guiding the growth of our firm,” said Co-CEO Randy Banchik in prepared remarks. “This new addition to our executive leadership team, coupled with our recent consolidation of 275 partnerships into a single entity, reflects our commitment to evolve from a traditional real estate sponsor into a sophisticated real estate institution and will position us to stay competitive in this evolving retail landscape.” The company has also recently appointed Stuart Brackenridge as senior vice president of acquisitions following Westwood’s $1.5 billion restructuring.

Lougee is a graduate of Colgate University and of DDR’s management training program.

Image courtesy of Westwood Financial