PEG Cos., a Provo-based owner, developer and operator of residential and hospitality properties in the U.S. and Canada, has named Garett Bjorkman its new CEO. Meanwhile, founder Cameron Gunter will transition to the role of executive chairman, stepping back from daily operations to focus on guiding the company’s strategic direction.
“This move marks a natural next step in a carefully planned succession strategy and underscores PEG’s evolution into a world-class, multi-strategy investment management firm,” PEG’s announcement said. “Since joining as co-CEO in early 2024, Bjorkman has advanced PEG’s efforts to refine its portfolio management capabilities, expand product offerings and ensure institutional-quality execution across the vertically integrated platform.”
“Cameron has done an extraordinary job laying the foundation for what PEG is today,” said Bjorkman. “Thanks to his leadership, PEG has grown into a nationally recognized investment platform with deep operational strength and a values-driven culture. I’m honored to carry that legacy forward as we continue building a bright future for PEG and our shareholders.”
Before joining PEG, Bjorkman led a $10 billion real estate credit platform at CIM Group and launched a $2.5 billion private wealth-focused real estate and infrastructure strategy. He has extensive experience in debt and equity structuring, asset and portfolio management, capital formation and operational oversight.
As CEO, Bjorkman will focus on maximizing current portfolio performance, stabilizing assets and controlling risk while driving PEG’s strategic expansion, PEG said.
“This transition reflects both the strategy we set in motion over a year ago and our shared conviction in PEG’s potential,” said Gunter. “I am proud of how far we’ve come — and even more excited for what lies ahead. We are sharpening our focus, strengthening our team and positioning the platform to deliver even greater impact in the years ahead.”
Founded in 2003, PEG’s investment strategy focuses on the Rocky Mountain region. The company employs more than 1,100 across North America.