Laramar Group Promotes Scott Kessel to Chief Financial Officer

21 June, 2024

June 13, 2024 – The Laramar Group, a leading national real estate investment firm, announced the promotion of Scott Kessel to Chief Financial Officer. Kessel previously was Vice President of Asset Management, overseeing asset management decisions for the company’s extensive portfolio of multifamily and medical real estate assets. He also led the company’s Financial Performance & Analysis department.

As Chief Financial Officer, Kessel now directs Laramar’s overall accounting decisions across individual properties and corporate level finances. He also oversees decisions on budgeting, forecasting, analysis, cash management, and accounts payable.

“Scott has made an incredible impact on the Laramar business with his analytical mindset, positive and professional demeanor, and strong work ethic,” said Jeff Elowe, CEO of Laramar. “He was an integral part of creating the company’s truly dedicated Asset Management function and is a key resource helping to shape the financial direction of the company.”

In his previous position, Kessel was responsible for the development and execution of business plans, the analysis of portfolio performance, reporting, and providing support and direction to the operations teams. Over the past several years, he has helped build out the Asset Management department to include the property budgeting and forecasting process; all financial and operational reporting; cash management; property valuations; and debt tracking.

Kessel joined the company in 2016 as a Director of Asset Management and was promoted to an Assistant Vice President of Asset Management in 2019.

Prior to joining Laramar, Scott managed the Acquisition/Financial Planning & Analysis team with W.J. Bradley Mortgage Capital, a large non-bank residential mortgage firm. He oversaw the management of short- and long-term financial planning, cash forecasting, cost analysis, and financial reporting.

Mr. Kessel received a B.S. degree in Finance from the Fisher School of Business at The Ohio State University.