In this position Oremland will be responsible for evaluating residential, retail, and mixed-use development opportunities nationwide.
While Magellan’s extensive portfolio of real estate developments has been centered in and around Chicago’s central business district, President David Carlins explains that “our horizons go well beyond Chicago and with his experience Jeremy Oremland will be instrumental in expanding our scope of operations.”
Since its inception in 1996 Magellan’s focus has been high-rise residential and mixed-use projects and the firm has successfully financed more than $2 billion of projects totaling more than 6,600 residential units, more than 517,000 square feet of commercial space and has received more than 60 awards for design and planning excellence. Magellan and its affiliates have designed and developed a wide variety of other projects including commercial, institutional, government, educational, hospital and transportation projects.
The scope of Oremland’s responsibilities includes 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. While there, he was responsible for the financial underwriting, analysis, and valuation of more than $1 billion of equity and debt multifamily real estate investments
Oremland’s career in institutional real estate began as an Analyst at Marcus & Millichap, one of the largest national commercial real estate firms specializing in investment sales, financing, research, and advisory services. He has also consulted for Inland Diversified Real Estate Trust.
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.
About Magellan Development Group
Since its inception in 1996 Magellan has evolved as one of the most prolific and highly respected developers of large-scale mixed-use properties in Chicago. Magellan’s expertise spans the interrelated fields of real estate design, development, development consultation, architecture, leasing, sales and marketing. This strong combination enables Magellan to manage the entire development process from conception to completion. Magellan’s principal project, the award-winning 28-acre Lakeshore East, is halfway completed and already home to thousands. When completed the ‘village in the heart of the city’ will include 4,950 residences, 2.5 million square feet of gross commercial space, 1,500 hotel rooms and an elementary school surrounding a magnificent 6-acre botanical park.