Sean Flannery brings 25 years of real estate finance experience to the Basin Street Team.
August 17, 2016 – Basin Street Properties, a prominent northern Nevada and northern California real estate investment, development and management firm is pleased to announce that Sean Flannery is joining the firm as its new President. Flannery comes to Basin Street from Wells Fargo where he has spent most of his career in commercial real estate finance, most recently serving as an Executive Vice President and Senior Credit Officer. “Sean has become a trusted advisor with a deep understanding of Basin Street, its products and its corporate culture and philosophy,” said Matt White, CEO of Basin Street Properties. “He is a great real estate mind to help continue Basin Street’s growth and success.” Flannery has served on the Basin Street Advisory Board for the past nine years.
Flannery will join Basin Street September 1 as President and as a Partner. “I have been closely involved with Basin Street and its management team for most of my career,” said Flannery. “I admire the skill and integrity with which they handle real estate economic cycles and their consistent approach to customer satisfaction and investor relations.” Leading up to his role at Basin Street, Flannery had a long and successful 25-year tenure at Wells Fargo. From 1998 to 2008 Flannery led the Real Estate Merchant Bank (REMB) office in San Francisco, focusing on originating value-added, non-recourse project financings, primarily in Northern California and the Northwest. In 2009, when Wells Fargo merged with Wachovia, Flannery joined the bank’s newly formed Special Situations Group to oversee the management and resolution of Wachovia’s Homebuilder and ORE asset portfolios. After two years, Flannery transitioned back to the origination side of real estate financing with a restarted REMB group, which focused primarily on acquiring large commercial real estate loan portfolios, generally from distressed European sellers. From 2011 to 2014, the REMB group purchased or financed more than $10 billion of commercial real estate loans. Flannery is a graduate of Stanford University with a degree in economics.
Basin Street has doubled in size over the past 10 years with consistent and steady growth. “We continue to develop new projects in Reno and new acquisitions in Sacramento,” said White. “Sean’s management style combined with his in-depth understanding of our markets and products, make him perfectly suited to continue Basin Street on its current growth trajectory.”
About Basin Street Properties:
Basin Street Properties, headquartered in Reno, is one of northern California’s and northern Nevada’s prominent developers, investors and managers of commercial properties. Basin Street has become widely recognized for its office, retail, hospitality, multi-family and mixed-use developments. Founded in 1974, the company offers a broad range of real estate services, including development, property management, construction management, financial and asset management, and property acquisition and disposition. Basin Street Properties excels in creating environments where companies can thrive. For more information, visit basin-street.com or contact Mike Williams, VP of Marketing, 775-954-2821, firstname.lastname@example.org.