A&E Real Estate has tapped James Patchett, the former president and CEO of the NYC Economic Development Corporation, as its next CEO, the company announced. His arrival at A&E coincides with what the real estate firm says will be a major expansion of its portfolio — already one of the city’s largest with 15,000 apartments.
“James has spent virtually his entire career getting to know the unique rhythms and defining characteristics of New York City’s individual neighborhoods,” A&E founder Douglas Eisenberg said in a statement. “His expertise — alongside our fully-integrated team and new fund — gives us the capacity to grow quickly and in new ways.”
Patchett left EDC in March, and at the time, the city noted that he was pursuing opportunities in the private sector.