JVM Realty Corp. (JVM), a leading vertically integrated multifamily real estate investment and property management firm, today announced the promotions of company veterans Steve Meyer to chief investment officer and Jason Kovich to chief financial officer.
"The promotions of Steve and Jason are great news for JVM and our investors," said Jay Madary, president and CEO of JVM. "They will both bring tremendous intelligence, strategic vision and experience to their new positions. They have both made significant contributions to JVM's success over the past 13 years. We have seen tremendous growth under their leadership, and we will continue along this aggressive growth trajectory with Steve and Jason in their new roles."
Meyer joined JVM in 2005 and served as the company's CFO for 13 years, playing a vital role in the growth of the company's portfolio from a size of $200 million to $800 million. In his new title, Meyer will oversee JVM’s expanding Investor Relations Department as well as its newly licensed broker-dealer entity, JVM Securities LLC. He will have responsibility for securing the financing and equity requirements necessary to meet JVM’s aggressive long-term portfolio growth goals, and he will play a strategic role in structuring and managing JVM investments.
As CFO, Kovich will oversee the financial management, tracking and reporting for all JVM properties and entities. He joined the company in 2005 as a financial analyst and director of property management software. He subsequently served as an asset manager and controller before being promoted to vice president of finance in 2017. He developed JVM's robust and sophisticated budgeting process as well as the company's monthly and quarterly financial reporting packages.