PEG Companies Appoints Garett Bjorkman As Co-CEO To Drive Growth

In a significant development within the commercial real estate sector, PEG Companies, a prominent investment firm, has announced the appointment of Garett Bjorkman as Co-Chief Executive Officer. Bjorkman will serve alongside the company's Founder and CEO, Cameron Gunter. This appointment marks a pivotal step in PEG's strategy to bolster its organizational framework and asset management capabilities, setting the stage for future expansion.

Bjorkman transitions to PEG after a successful tenure at CIM Group, where he was a Managing Director for nine years. His leadership at CIM was instrumental in expanding the firm's credit assets under management by over $10 billion and its develop-to-core assets by more than $2.5 billion. His expertise in portfolio management for private real estate debt and develop-to-core investment strategies is expected to be a valuable asset to PEG.

Cameron Gunter expressed his enthusiasm for Bjorkman's appointment, highlighting the extensive search for a leader capable of enhancing PEG Companies' asset management functions. Gunter is confident that Bjorkman's vision and expertise will not only align with the company's goals but also foster stronger relationships with stakeholders and drive significant results across PEG's vertically integrated organization.

Since its inception in 2003 by Gunter, PEG has evolved into a nationally recognized owner, operator, and developer of real estate assets across North America. The firm boasts approximately $2 billion of assets under management, spanning over 80 assets and employing more than 1,100 team members. Gunter will continue to serve as Chairman of the Board of Directors in addition to his role as Co-CEO with Bjorkman.

Bjorkman shared his excitement about joining PEG Companies and working alongside Gunter to navigate the company through its next growth phase. He emphasized his commitment to excellence, transparency, and enhancing client experiences as core principles that align with PEG’s future vision. Bjorkman also highlighted the increasing integration of alternative investments in traditional portfolios, expressing eagerness to lead the development of institutional and private wealth investment products leveraging PEG’s competitive advantages.

PEG Companies is set to officially welcome Bjorkman on May 1, 2024. He is scheduled to present at the PEG360° - PEG’s 2024 Annual Investor Meeting on May 21, 2024, at Sundance Mountain Resort.

About PEG Companies: Established in 2003, PEG Companies has emerged as a leading vertically integrated owner, operator, and developer specializing in multifamily, hospitality, and build-to-rent assets primarily in the U.S. and Canada with a focus on the Mountain West region. The firm is renowned for its innovative real estate developments and currently manages a robust portfolio with $1.9 billion AUM across 29 U.S. states and one Canadian province. Employing over 1,100 employees nationwide, PEG encompasses five synergistic companies managing various phases of the commercial real estate investment process.