Catherine Clark has been named chief investment officer of Bedrock, Detroit’s largest real estate developer. She will begin her position on Dec. 7.
As chief investment officer, Clark will be responsible for developing the company’s investment strategy, seek acquiring opportunities and securing debt and equity. Clark will also help the company navigate through the effects of COVID-19 and provide tenant support.
Clark’s 37 years of experience includes an extensive background in capital allocation and financial and operational intelligence. In her most recent role, she co-founded CCR partners, an advisory and consulting firm with a primary focus on commercial and real estate solutions. Her background also includes a 22-year history with RPT Realty, a New York Stock Exchange company, where she led investment strategy and served as executive vice president of transactions.
“Cathy’s years of experience in real estate and investment, along with her decades of experience in the southeast Michigan market, made her a wonderful fit for Bedrock,” says Kofi Bonner, CEO. “She is an extremely strategic and intelligent thinker, and her drive, combined with her love for both Detroit and real estate, will help push our developments and continue to deliver positive outcomes for the city that align with our company goals.”
Clark is also a member of the Urban Land Institute, the International Council of Shopping Centers, and the advisory board of the Marshall Bennett Institute of Real Estate at Roosevelt University, Chicago, serving on the Curriculum Committee. She is a Michigan native who volunteers in the Beaumont Hospital Neonatal Intensive Care Unit.
“I am honored and excited to be working with Bedrock to expand on the achievements of Dan Gilbert and team,” Clark says. “I am confident that we will continue to execute on projects that build on the progress and energy that Detroit has experienced over the past 10 years.”
Bedrock’s key office tenants include Coyote Logistics, IBM, Microsoft, Quicken Loans and more. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing more than 100 properties, including new construction of ground up developments in downtown Detroit and Cleveland totaling more than 18 million square feet.
