Former Marquette Financial Companies executive joins
United Properties executive tea
MINNEAPOLIS (Nov. 7, 2016) – United Properties announced today that Bruce McGrath has joined United Properties as the company’s chief risk officer, effective Nov. 1, 2016.
In his new role, McGrath, 55, will be a member of the United Properties executive team and will be responsible for leadership of enterprise risk management across the organization’s development, investment and senior housing businesses. He will report to Eva Stevens, president and chief operating officer, who co-manages the company with Bill Katter, president and chief investment officer.
McGrath brings more than 20 years of experience in the area of risk management, including tenure with the Pohlad-owned Marquette Financial Companies prior to its sale to UMB Financial in 2015. Since that time, McGrath has served as UMB’s executive vice president and chief regional credit officer, responsible for the credit function and portfolio risk at both the holding company and subsidiary level, including specialized lending units and commercial real estate, as well as commercial and retail banking.
“United Properties today manages a significant balance sheet, including a new capital infusion from our owners to help expand our Cherrywood Pointe senior housing,” Stevens said.
“We are very pleased to welcome Bruce back to the Pohlad organization, and to United Properties, and know that he will be an important partner as we address the increasing complexity of our business model and our plans to grow,” she said.
About United Properties
Formed in 1916, United Properties acquires, develops, manages, finances and disposes of the company’s real estate investments, which include nearly 50 office, medical, industrial, mixed-use and retail assets in Minnesota, Wisconsin, Illinois and Colorado. United Properties also provides development services for the retail, residential, office, medical and industrial sectors. In addition to a large presence in the Minneapolis-St. Paul market, United Properties’ Denver office develops retail, office and industrial buildings. For more information, visit www.uproperties.com or follow on Twitter at @UPDeepRoots.
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