On the Move: Stephen Prinn

306prinnWS Development is celebrating a big change to its team, with the announcement that Stephen Prinn has come on board as Vice President of Capital Markets. Prinn’s position will support the continued growth of the retail development firm as it expands its retail footprint across the country.

In his new role, Prinn will develop relationships with capital providers of both debt and equity even as he nurtures existing relationships with mortgage bankers, construction lenders and investment banks.

“We’re delighted to welcome Steve Prinn to the team,” said Jeremy Sclar, President of WS Development. “His vast experience in capital markets and transactions will be an asset to our organization as we continue to expand and broaden our presence nationwide.”

Prinn will be drawing on his experience in the real estate industry. His previous position saw him managing all debt for Guggenheim Real Eastate’s open-ended fund vehicle. At Guggenheim, he developed and maintained relationships with numerous financial institutions, life insurance companies, debt funds and mortgage banks. His team conducted all due diligence, both physical and financial on new acquisitions including the negotiation of conveyance documents, joint venture and development agreements and ongoing communications strategy for existing and prospective clients.

“I am excited to join this team of incredibly talented real estate professionals,” said Prinn. “WS Development has one of the best retail platforms in the country, and I am thrilled to be part of the continued growth and success of the company.”

Congratulations, Stephen!

Have you recently made a move or welcomed someone new to our team? Let us know and your story may be featured in our next On the Move.

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