Stonemont Financial Group, a privately held real estate investment firm with specialized experience in build-to-suit developments, sale-leaseback acquisitions and speculative development, today announced the hiring of Steve Yeager as the company’s first Senior Vice President of Asset Management. A widely respected industry veteran with more than 30 years of experience managing a variety of asset classes in markets across the U.S., Yeager will join Barry Howell in formalizing a new asset management platform that caters to Stonemont’s growing base of private and institutional investors.  Howell, who serves as Executive Director of Asset Management, joined Stonemont from GTIS Partners.
 
Yeager comes to Stonemont from Jamestown LP, Inc., and has managed, pursued and acquired more than 23 million square feet of commercial real estate assets ($9 billion) over the course of his career on behalf of both international and domestic high-net-worth and institutional capital sources. He brings a proven track record in a variety of commercial real estate verticals, including industrial, retail, office, multifamily and mixed-use, and has cultivated relationships with key decision-makers across the industry.
 
Yeager’s appointment coincides with Stonemont’s push into a new realm of institutional investing, with the firm recently surpassing $2.0 billion in total assets under management (AUM). Stonemont has grown its portfolio considerably over the last few years, with the firm developing or acquiring a number of signature projects that include Georgia International Trade Center (Savannah, GA); a new corporate headquarters for Continental Motors Group Ltd (Mobile, AL); a build-to-suit distribution center for Dorman Products (Nashville, TN); a R&D build-to-suit for BAE Systems in Huntsville, AL; 2 state-of-the-art facilities for Corning Inc. including a distribution center in  Rocky Mount, NC and a manufacturing center in Hickory, NC; multiple Top Golf developments; and a 100-property investment-grade portfolio containing a mix of office, industrial and retail buildings spread across 20 U.S. states.
 
“Steve possesses a rare combination of exceptional leadership skills, senior level asset management experience and keen industry acumen that makes him the ideal person to help lead the next chapter of our growth story,” said Stonemont Managing Principal and CEO Zack Markwell. “His resume of industry-leading investment partners and projects will add great value as Stonemont tackles new challenges and expansion opportunities in the decades ahead.”
 
“I am thrilled and honored to join the team at Stonemont,” said Yeager. “Stonemont’s vertically integrated approach, hands-on philosphy and speed of response allows investors to access a lot of seniority and expertise very quickly, and is a true differentiator when looking at the overall industry landscape. Together we will build on the great foundation already in place as we develop a senior level asset management execution plan that positions Stonemont for future growth and success.”
 
In addition to his role as Director of Asset Management at Jamestown, Yeager has also served in leadership positions at TMW Real Estate Group/Prudential Real Estate Investors and Orion Real Estate Advisors, Inc. He has an ABJ undergraduate degree from the University of Georgia and a Master of Real Estate from Georgia State University.
 
The Stonemont leadership team has more than 100 years of combined real estate expertise, and has conducted more than $20+ billion in total transactions at the national and international levels. The company combines the experience and resources of a large institution with the creativity and flexibility of an entrepreneurial firm.