Chicago-based The Habitat Company, a leading U.S. multifamily developer and property manager, announced today that Zack Zalar has joined the team as vice president of acquisition and investment. Zalar brings more than 15 years of experience in commercial real estate investment and acquisitions to the position.
“Zack’s timing in joining the Habitat team could not be better,” said Matt Fiascone, president, The Habitat Company. “Acquisitions have always been an important source of growth for us within both the market rate and affordable housing sectors, but we’re looking upon them even more favorably in 2020 as we accelerate our growth in our targeted geographic markets. As a result, Zack will play a big part in our acquisition strategy going forward.”
In his new role, Zalar will be responsible for sourcing, investigating, underwriting and closing investment opportunities that meet company criteria.
Zalar most recently served as a principal of Synergistic Equity in Chicago, where he was responsible for sourcing on- and off-market investment opportunities nationwide in multifamily, hospitality and retail asset classes. Prior to that, he served as director of acquisitions for Core Spaces, where he sourced student housing opportunities in 20 markets nationwide.
“Habitat has had a national reputation as a market leader in multifamily development and management for almost 50 years,” said Zalar. “It’s an honor to join a company with such longevity and relevance. And, as we prepare for a new decade of growth, I’m eager to secure the best projects that align with Habitat’s growth strategy.”
Zalar holds a bachelor of business administration in finance from Grand Valley State University in Grand Rapids, Mich. and a master of science in real estate from DePaul University in Chicago.