Los Angeles CA— Sterling Organization which recently announced the acquisition of the Oceanside Town & Country shopping center, is pleased to welcome Jonathan Mendis to its team. Mr. Mendis will serve the firm as Senior Vice President of Investments for the Western United States, sourcing and overseeing all acquisition opportunities in the region. Mr. Mendis will be based at Sterling Organization’s new office in Los Angeles.
“At the encouragement of our investment partners we have expanded our platform and our investment footprint to include the western U.S.,” said Brian Kosoy, Sterling’s Managing Principal, President and Chief Executive Officer. “After an exhaustive search process, we have found in Jon Mendis what we believe to be the perfect fit for our team and the ideal professional to spearhead our western U.S. expansion. Jon’s reputation, experience, professionalism, temperament, drive and relationships ensure that we will have every opportunity to succeed in the region.”
Mr. Mendis has 10 years of experience in the acquisition of retail real estate assets throughout the West Coast. He was previously the Director of Acquisitions for Retail Opportunity Investments Corporation (NASDAQ: ROIC), a publicly traded REIT, where he directly oversaw the company’s dramatic growth. As ROIC’s most active director of acquisitions, Mr. Mendis personally sourced, negotiated or closed over $4 billion in retail real estate.
Mr. Mendis holds a Bachelor of Arts degree in History from the University of Michigan – Ann Arbor. As an accomplished student athlete in Michigan’s prestigious wrestling program, he was honored as a two-time Big Ten Scholar Athlete.
In a related personnel reassignment, Scott Schry has been named Vice President of the Western U.S. region for Sterling Organization and will be relocating from the firm’s headquarters in Palm Beach to join Mr. Mendis in the Los Angeles office. Mr. Schry has been with Sterling Organization since 2010 and most recently held the position of Vice President of Special Projects, working closely with Mr. Kosoy on strategic initiatives being pursued by the company.
“As further evidence of our commitment to the western U.S. market and to ensure that our corporate culture is transplanted there, Scott Schry has accepted a position in our Los Angeles office,” said Mr. Kosoy. “While Scott will be missed at our corporate headquarters, we are certain Scott will make the most of the opportunity. It is important to recognize and thank Scott for all of his contributions to Sterling thus far. We expect great things for and from him as his career continues to flourish out west.”
About Sterling Organization
Sterling Organization is a vertically integrated private equity real estate firm that has an established track record of providing exceptional risk-adjusted returns to its partners, in both relative and absolute terms. The company’s national platform is focused on investing in value-add retail real estate assets and stabilized/core grocery-anchored shopping centers in major markets across the United States on behalf of Sterling’s principals in partnership with the highest quality institutional investors. Sterling Organization is headquartered in Palm Beach, Florida. For more information, please visit www.sterlingorganization.com.