Brixmor names another exec ahead of RECon

Mark Horgan has been named executive vice president and chief investment officer at Brixmor Property Group and been give a wide range of responsibilities as the newest member of a revamped senior leadership team.



In his new role, Horgan will have day-to-day oversight of acquisition and disposition activity and, together with Brixmor's leasing, operations and redevelopment teams, will help drive the company's capital allocation and portfolio strategy, Brixmor said in a statement. The operator of more than 500 shoping center, the majority of which are anchored by a supermarket, said Horgan will assume his new role May 20. That is the same day as incoming President and CEO Jim Taylor and new CFO Angela Aman. Horgan fills a position previously occupied by Michael Hyun, who will leave the firm June 1 to pursue other professional opportunities.



Horgan currently serves as a managing director at Eastdil Secured, a real estate investment banking, brokerage and advisory services firm, where he is a senior member of the retail team. Prior to Eastdil Secured, Horgan held positions at Federal Realty Investment Trust and the Mills Corporation.



"Mark is an outstanding talent with deep and highly relevant experience in retail real estate at a transactional level," said Brixmor’s incoming CEO Taylor. "Having worked with him in many capacities over the last 18 years, I am excited to have Mark join a talented team of professionals at Brixmor. I am also extremely grateful to Michael (Hyun) for his exceptional professionalism and teamwork in effecting this transition."



Taylor was named president and CEO on April 12 and Aman was named CFO on April 26 when Brixmor released first quarter results. Their appointments and that of Horgan give Brixmor a revamped senior leadership team all assuming new roles just day prior to RECon, the largest retail real estate event of the year organized by the International Council of Shopping Centers. The CEO and CFO roles at Brixmor had been occupied on an interim basis since February after an investigation by the Board’s Audit committee prompted top executives to resign when it was determined they engaged in a practice called “smoothing” to minimize variability in reported financial results.