Cristhian Codorniu Joins Michaels As Vice President Of Capital Markets
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Codorniu will be the engagement lead for securing debt and equity capital for Michaels development pipeline and acquisitions
February 2, Camden, NJ-- Cristhian Codorniu has joined The Michaels Organization as Vice President of Capital Markets. In this role, Codorniu has lead responsibility for Michaels’ Debt and Equity platform that supports both new development and acquisition opportunities for Michaels, a national leader in residential development with full-service capabilities in development, management, finance and construction. He succeeds Michael Flanagan, who was recently promoted to Executive Vice President of Development for Michaels’ Student Living portfolio.
“Cristhian brings an impressive background of investment management, transaction structuring & execution and acquisitions experience to this role and we look forward to him bringing additional partners to Michaels that are interested in investing in high quality communities across our market segments ,” said Chief Operating Officer Mark Morgan.
In addition to being the nation’s largest private sector owner of affordable housing, Michaels is an active owner, developer, and manager of military, student and market-rate housing.
“I am thrilled to join the Michaels Organization. The core values encapsulated in Michaels ‘Teammates’ are equivalent to the values held in my life and career. I look forward to being a fellow Teammate and excited to learn from them and share my experience for the betterment of the whole organization,” said Codorniu.
Codorniu comes to Michaels from Parallel Infrastructure, where he served as Vice President of Finance. Prior to that, Codorniu was Head of Business Insights in the Investment Management Group of Lendlease, organizing an investment management platform that focused on Telecom and Multifamily Housing. Codorniu’s 10 years of experience at LendLease also included Risk & Insurance management and transactional management of privatized military housing.
Codorniu holds a Master of Science in Real Estate from New York University and a Bachelor’s of Business Administration from Pace University in New York City.
About The Michaels Organization: The Michaels Organization is a national leader in residential real estate offering full-service capabilities in development property management, construction, and finance. Serving 145,000 residents in more than 400 communities nationwide, Michaels is committed to crafting housing solutions that jumpstart education, civic engagement and neighborhood prosperity and to creating Communities That Lift Lives.
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