Kelli Jo Norris has been named CEO of Seattle firm Goodman Real Estate. Former CEO George Petrie is now executive chairman.
Norris, who joined Goodman almost 30 years ago, previously served as president.
“As we move forward, our focus will remain on growing thoughtfully,” Norris said. “We have a platform that can expand while remaining disciplined, collaborative and value driven.”
Goodman, which specializes in the multifamily market, says the transition reflects “years of thoughtful succession planning,” adding that the company will continue to expand its portfolio.
Johnny Goodman will continue to lead the firm’s capital investments and private wealth management division. Don Fosseen will continue as chief investment officer.
Goodman was an active player in the Seattle market last year, acquiring the 139-unit ArtHouse in the Belltown neighborhood in December for $47.8 million. It also sold four multifamily properties: Pacific Walk Townhomes in Lakewood for $21.5 million; Everett’s Tessera Apartments for $38.8 million; The Lodge at Madrona in Tacoma for $84 million; and Altitude 104 in Parkland for $40.7 million.
Goodman also acquired 8th & Republican in South Lake Union for $94.7 million.
The firm has a diversified portfolio of more than 10,000 residential units across the United States with assets valued at more than $3.2 billion. It operates in about two dozen states, with extensive holdings in Washington state, Oregon, California, Arizona, Texas and Florida.