// RE ALERT

Carolinas-focused investment shop Edgewater Ventures has recruited a new principal as it seeks to grow its $850 million portfolio to include more office and life-science properties. 

Tim Skender started this month at the Raleigh-based firm, which teams with equity partners on acquisitions and developments across most major property types in the region. He came from King Street Properties, a Boston-based firm specializing in life-science investments. Skender’s experience also includes stints at Rubenstein Partners, Spear Street Capital, Starwood Capital and Harvard Management Co. 

Edgewater was founded in 2020 by Chris Norvell, Justin Good and Scot Humphrey, three brokerage veterans who had worked together at JLL, HFF, Cushman & Wakefield and Cassidy Turley. The trio have since amassed a commercial portfolio with 4.6 million sf of industrial, office and life-science properties, and have another 5 million sf in the development pipeline. The firm also owns 1,500 build-to-rent residences and is targeting multifamily properties as well.