Fort Capital
Steve Bailey
Fort Capital, a privately-owned real estate investment firm, announced on Monday the promotion of Steve Bailey to president of FCP Management, the company's property management division.
In a press release, the company called Bailey, who joined the company in 2019, “a driving force behind critical business strategies and has consistently delivered superior service to Fort Capital’s team and tenants. His leadership was pivotal in launching the company’s in-house Property Management division, a challenging feat accomplished amidst a global pandemic.”
“Steve's leadership and commitment to our Core Values have played a significant role in our success," said Fort Capital CEO Jason Baxter in a statement. “I am thrilled to see where his guidance will take us in the future. I am confident that under his leadership, FCP Management will continue to thrive and reach new heights.”
The company noted Bailey’s contributions to FCP Management, calling them transformative. They include:
- Building and leading a robust team: Hiring and leading a team of 20-plus dedicated FCP Management team members in Property Management, Leasing, and Lease Administration.
- Expanding portfolio management: Overseeing a 7.2-million-square-foot portfolio spread across more than 260 buildings and housing more than 1,500 tenants, including internal and third-party business.
- Growing third-party business: Increasing the third-party Property Management business to nearly 1.5 million square feet.
Enhancing asset performance: Leading FCP Management on a trajectory to achieve a revenue increase of over 200% in 2023 compared to 2022.