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Jeremy Oremland Joins Magellan Development

by Chicago Agent

Jeremy Oremland, a veteran financial analyst, will be joining the Magellan team as an evaluator of development opportunities.

Veteran financial analyst Jeremy Oremland has joined Magellan Development Group in the newly created position of financial analyst. In this position Oremland will be responsible for evaluating residential, retail, and mixed-use development opportunities nationwide.

David Carlins, Magellan’s president, said that though Magellan’s extensive portfolio of real estate developments has been centered in and around Chicago’s central business district, “our horizons go well beyond Chicago, and with his experience, Jeremy Oremland will be instrumental in expanding our scope of operations.”

Oremland’s responsibilities will include financial structuring, design, entitlement, construction, marketing, and sales of all Magellan projects, including building development efforts related to Lakeshore East.

Prior to joining Magellan, Oremland held the position of senior analyst at the Community Development Trust, a private New York City-based and public mission-driven real estate investment trust focused on preserving and expanding the nation’s affordable housing stock.

Oremland’s has also worked as an analyst with Marcus & Millichap, one of the nation’s largest commercial real estate firms, and as a consultant for Inland Diversified Real Estate Trust.

Since its inception in 1996, Magellan’s focus has been high-rise residential and mixed-use projects. In total, the firm has financed more than $2 billion of projects totaling more than 6,600 residential units, along with more than 517,000 square feet of commercial space.

Oremland holds a Bachelor of Arts in psychology from the University of Rochester and a Master of Science in real estate development from Columbia University. He is a member of the Urban Land Institute and Young Real Estate Professionals organization.

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