Cityview adds managing director of East Coast acquisitions

Core Insights - Cityview is expanding its operations into the Eastern U.S. by opening a new office in New York City and has appointed Maggie Deichmann as the managing director of East Coast acquisitions [1][2]. Company Strategy - The new managing director will focus on identifying strategic opportunities on the East Coast and will utilize her extensive experience to enhance institutional best practices within Cityview [2]. - Cityview has traditionally focused on the Western U.S. but is now pursuing acquisition opportunities in cities such as Boston, Orlando, and Atlanta [4]. Leadership and Experience - Maggie Deichmann brings over 15 years of experience in commercial real estate, including roles in acquisitions, portfolio management, and asset management across various risk profiles [2]. - Prior to joining Cityview, Deichmann managed a $15 billion portfolio at Affinius Capital and invested over $18 billion at Allianz Real Estate of America [3][4]. Market Dynamics - Cityview's CEO, Sean Burton, emphasized the need to diversify beyond California due to increasing challenges in the state, despite recognizing its significant economic opportunities [5]. - The establishment of the New York office aims to facilitate a closer connection to East Coast markets, allowing for quicker decision-making and a better understanding of local dynamics [6].