Longtime real estate veteran Jay Stark has been named to the newly created position of president at commercial and residential property firm Slate Property Group after he spent months coming up with a vision for the firm that wowed its founders.

Stark will oversee New York-based Slate’s investment strategies, capital raising capabilities and help to grow and manage its relationships in the institutional investment community, the firm said Wednesday.

Slate's portfolio spans both new development and redevelopment across market rate and affordable multifamily properties. It has invested more than $6.4 billion in real estate assets, including equity and debt, that over 3,000 multifamily units. Since its inception a decade ago, Slate, which also has a lending arm, has a portfolio of more than 50 investments.

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