Charlotte-based real estate development firm CitiSculpt has announced the recent additions of Geoffrey Curme as chief financial officer, Dan Sterns as vice president of construction and Ryan Stemmer as development project manager. Eric Applefield, who joined the firm in 2014, was also promoted to counsel-development associate.
Over the past 24 months, the CitiSculpt roster of mixed-use developments has grown to include a new $400 million development in downtown Durham, as well as residential, office and retail space in the West Morehead, NoDa and Ballantyne areas of Charlotte, the company announced in a news release.
“Our purpose at CitiSculpt is to shape communities with developments that enhance the lives of people and spur economic development,”said CitiSculpt co-founder and managing partner Charles Lindsey McAlpine. “As the scope of our projects continues to grow, our team must also evolve to include the most experienced, intelligent and creative experts we can find. That’s why we are so excited by the recent addition of Geoffrey, Dan and Ryan, and have expanded Eric’s role in the firm,”.
Firm co-founder Shane Seagle said: “We are incredibly fortunate to have assembled this level of expertise in the Charlotte market. The expansion of our management team has positioned CitiSculpt to meet the growing demands for new developments in the markets we serve.”
CitiSculpt CFO Geoffrey Curme has been in commercial real estate asset management since 1974 when he started with The Bank of New York in Manhattan. He has been involved with project and loan underwriting, valuation, market analysis, construction management, leasing, sales brokerage, equity placement, and asset recovery. His role in real estate transactions has included that of borrower, institutional lender (CMBS & Balance Sheet), institutional asset recovery representative, and entrepreneurial asset recovery investor (owner). Curme is an active member of the Counselors of Real Estate (CRE), which is an international professional organization that provides independent analysis to its clients, generally involving real estate assets.
Dan Sterns, the new vice president of construction for CitiSculpt, brings more than 30 years of retail and hospitality development experience. He most recently served as the executive vice president of facilities and development for Extended Stay America, the largest owner-operator of extended-stay hotels in North America. Under his direction, Extended Stay America renovated 220 properties in just 21 months, a quantity and pace never before seen in the hospitality industry. Sterns had been with Extended Stay America since 1995. Previously, he was director of development with Ernst Home Centers, Inc., a Seattle-based home improvement retail store.