// COSTAR

Edgewater Ventures, a commercial real estate investment firm focused on the acquisition and development of properties in the Carolinas, added Tim Skender as a principal. A 15-year industry veteran who's worked with Rubenstein Partners, Starwood Capital and Harvard Management Co. that's now part of Bain Capital, Skender will work closely with Edgewater co-founder Scot Humphrey to focus on growing the firm’s innovation portfolio that focuses on office, life science, advanced manufacturing and flex properties. “Despite current turbulence in the commercial lending market and broader negative headlines related to workplace real estate, we are firm believers in the resilience of the demand for buildings which further enable the innovation economy here in the Carolinas,” Skender said in an email.

Chris Norvell, Justin Good and Humphrey formed Edgewater Ventures, based in Raleigh, North Carolina, in 2020. The firm has built a portfolio of more than $850 million of real estate under management across the Carolinas. It recently opened an office in Charlotte, North Carolina, and has added eight new team members over the past year.

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