Private asset management firm Sorrento Capital named Steve Ozonian executive chairman of its board. Ozonian comes to Sorrento after a 25-year career that includes holding a variety of executive positions at Prudential Real Estate Services, Coldwell Banker, Realtor.com and Bank of America. The announcement comes weeks after the Irvine, Calif.-based firm acquired REO.com and announced plans to expand its operation in the residential and consumer finance industries. “The next few years for Sorrento Capital will be marked by significant, strategic growth, not only in the residential homeownership segment, but also in the consumer financial services markets as well,” Robert Knohl, CEO, board member and co-founder of Sorrento Capital, said in a statement. “We’re very pleased to welcome Steve to the board of directors, and we’re looking forward to leveraging not only his expertise in leading companies through high growth expansion, but also his continuous involvement in the industry and business community, and his intricate knowledge of strategically seizing opportunities within the homeownership segment.” Write to Austin Kilgore.
Most Popular Articles
Latest Articles
Test
The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
-
Freddie Mac’s Donna Spencer on their Servicing Excellence initiative
-
Lower mortgage rates attracting more homebuyers
-
Rocket Pro TPO raises conforming loan limit to $802,650 ahead of FHFA’s decision
-
Show up, don’t show off: Laura O’Connor is redefining success in real estate
-
Between the lines: Understanding the nuances of the NAR settlement