Stepping up at the developer, which has more than $11.7 billion in assets and more than 21,000 residential units completed or under construction, will be Related executives Gino Canori and Ann Silverberg, both San Francisco based. Canori, the company's president, will retain that title and add the role of CEO for its market-rate and mixed-income division. Silverberg, who leads affordable housing development in Related California's Northern California and Northwest divisions as its CEO, will become president and CEO of the firm's entire affordable division.
"The objective is to expand that sphere materially more than what we have today," Al Niama added. He'll help lead the crypto company's outreach to large financial institutions.