Dakota Pacific Real Estate has announced that Marc Stanworth has been promoted to CEO. Dakota Pacific Real Estate is a Salt Lake City-based real estate investment, development, and property management firm focused on investing in multi-family residential and commercial projects throughout the Intermountain West. The firm has a second office in Denver.
Stanworth joined Dakota Pacific in August 2020 as managing director, chief operating officer and a member of the firm’s investment committee. “During his first year at Dakota Pacific, Stanworth has driven execution discipline, led the development of new strategies and expanded our team of professionals in partnership with the executive leadership team and with former CEO and founder John R. Miller,” a company release said.
“In the short time he has been with us, Marc has demonstrated his ability as a leader and a professional with the vision to accomplish Dakota Pacific’s strategic goals,” said Miller who will now become chairman. “We are excited about his new leadership role and are confident in his ability to lead us in the years to come.”
Stanworth’s near-20-year career spans direct investment, development and leadership responsibilities totaling nearly $2 billion and covering all major property types. A native of Salt Lake City, he returned to Utah to join Dakota Pacific after holding senior leadership roles with various Texas and California-based private investment and development firms.
“No region in the country has a brighter future than our own backyard,” said Stanworth. “I am thrilled by the opportunity to leverage our deep market experience, highly talented team and relentless determination to help achieve that future both for DPRE and our surrounding community.”