Westwood names DDR veteran to head finance

Westwood Financial hired away DDR’s finance chief, hailing the move as central to its evolution from a “real estate sponsor into a sophisticated real estate institution,” according to Co-CEO Randy Banchik.



New Executive VP Matt Lougee will facilitate financing for Westwood’s retail investments, oversee capital formation and investor relations, and negotiate joint ventures. Lougee spent the entirety of his career to date at DDR, departing the company as senior VP of finance.



“This new appointment will advance our long-term objective to grow our platform, refine our corporate strategy, and strengthen our capital relationships,” said co-CEO Joe Dykstra.