Less than a year after its sale to a New York private equity firm, Newport Beach-based Green Street Advisors, one of the country’s top research and advisory firms in the commercial real estate sector, has named a new chief executive.
Craig Leupold, who has been with the real estate data and analytics firm for 26 years, stepped down last week as chief executive, a position he held for 12 years.
He will be replaced by Jeff Stuek Jr., a former hospitality software executive.
Leupold will “continue to serve as a strategic adviser,” the company said.
“Under Craig Leupold’s leadership, Green Street has not only solidified its position as the recognized thought leader on the public side of the commercial real estate industry but has also built upon that foundation to become a preeminent provider of research, data, analytics and trusted insight to the private side of the market,” said Christopher Hooper, lead director of Green Street Advisors and a general partner at Welsh, Carson, Anderson & Stowe, which acquired the company last summer on undisclosed terms.
TravelClick Vet
The private equity firm last year bought out Golden Gate Capital, which was Green Street’s majority owner since 2014. The firm was founded in 1985. After the sale, the company announced a move to a new spot in Newport Beach at the 100 Bayview office complex.
Stuek was previously president of North America operations for TravelClick, which provides data solutions to hotels.
In a statement, Stuek said he sees “significant opportunities to further grow the Green Street franchise in what is a $2 billion addressable marketplace.”
“In doing so, we will further enhance the value proposition we offer to our more than 800 active customers, including some of the world’s leading institutional investors, investment banks, brokers and owners.”
At the time of Green Street’s sale to Welsh, Carson, Anderson & Stowe, Leupold told the Business Journal that Green Street was preparing to expand its research product lines in the U.K. and enter the Asia market.
The company has 160 employees, many of which are employee-owners. It has four offices spread across Orange County, Dallas, Chicago and London.
