Banner Real Estate Group Launches Banner Industrial Properties, Appoints Veteran Leadership Team
Mark Bowen, Dan Morrison, and Scott Blanding to Lead Denver-based Operation
CHICAGO and DENVER – October 1, 2024 – Banner Real Estate Group, a privately-owned real estate company with investments in multifamily properties and self-storage facilities nationwide, today announced the formation of Banner Industrial Properties, a new platform dedicated to industrial real estate investments. The platform will initially focus on value-add properties in key logistics markets throughout the Western U.S.
“Banner’s 35-year track record of vertical integration and diversification positions us to seize growth opportunities across proven logistics markets,” said Bob Flannery, CEO of Banner Real Estate Group. “As demand in the industrial sector continues to rise, this is the ideal time to launch a purpose-built industrial real estate platform for current and new investors. We’ve assembled an exceptionally talented team to lead Banner Industrial Properties, each with decades of experience in industrial investment as well as across all sectors of commercial real estate.”
Based in Denver, Banner Industrial Properties is led by industry veterans Mark Bowen, President; Dan Morrison, Chief Financial Officer; and Scott Blanding, Chief Operating Officer.
The President of Banner Industrial Properties, Mark Bowen, brings more than 30 years of experience in commercial real estate. His role encompasses executive leadership, investment sourcing, operations, and overall strategy. Bowen joins from Dalfen Industrial, where he served as Chief Investment Officer, and has held positions at DCT Industrial, Laramar Group, and GE Capital. He holds a BS in Management and Finance from Colorado State University.
“I am thrilled for the opportunity to launch Banner Industrial Properties with such an accomplished team,” said Bowen. “Together, we are uniquely positioned to create exceptional opportunities for our investors and stakeholders in the industrial sector by leveraging our combined expertise and Banner’s proven track record in real estate investments.”
Dan Morrison serves as Chief Financial Officer and oversees fundraising and capital markets activities. He previously played a pivotal role at TradeLane Properties, where he helped launch three U.S.-focused value-add funds. Morrison holds an MS in Real Estate from the University of Denver and a BA in Accounting and Business from Western Colorado University.
Scott Blanding manages asset management, leasing, and operations and serves as Chief Operating Officer. Blanding brings a wealth of experience from his time at Viking Partners and DCT Industrial Trust. He earned his MBA in Finance and Real Estate from Northwestern University’s Kellogg School of Management and a BBA in Finance & Accounting from the University of Michigan.
About Banner Industrial Properties
Banner Industrial Properties, an affiliate of Banner Real Estate Group, specializes in industrial real estate investments in key logistics markets throughout the western U.S. For more information, visit bannerip.com.
About Banner Real Estate Group
Banner Real Estate Group and/or its affiliated entity(ies) (“Banner”) is a Chicago-based group of fully integrated real estate companies focused on the acquisition, management, and development of multifamily properties and self-storage facilities nationwide. As a family-owned, independent real estate investment manager, Banner is committed to capital preservation, value creation, and wealth generation for its high-net-worth investors, family offices, and institutional partners. Learn more at www.bannerrealestategroup.com.
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Media contact: Maureen Richardson, River Communications
(914) 686-5599 or mrichardson@riverinc.com