Blue Ocean, a real estate investment and management company, has selected Jonathan Rutman to the newly-created position of Director of Asset Management. Mr. Rutman, a career Asset Manager, has 13 years of direct experience working with the Concourse Group as well as Jones Lang LaSalle (JLL).
In his new role, Mr. Rutman will oversee the Asset Management function of the company, specifically focused on developing and implementing strategies to maximize efficiencies and effectiveness throughout the current and future portfolio of properties managed by Blue Ocean.
Mr. Rutman joins Blue Ocean from the Concourse Group, where he worked as a Deputy Portfolio Manager, providing asset management advisory services for the Department of Navy’s privatized housing portfolio. It was there that he developed and implemented operational procedures, identified cost control measures and developed improved reporting methodologies. Additionally, he assisted the Department of Navy in the disposition of privatized housing assets valued more than $2.3 billion.
Mr. Rutman comes to Blue Ocean with over 13 years of commercial real estate valuation, asset management, strategic consulting, and transaction management experience. He has also held a Senior Financial Analyst position with JLL’s Development and Asset Strategy group where he provided economic analysis, complex financial modeling, due diligence research, market analysis, and valuation services for client’s real estate assets.
About Blue Ocean
Founded in 2004, Blue Ocean is a Baltimore-based Real Estate Investment and Property Management firm. The company is active in syndicating, purchasing and managing commercial real estate assets in the multifamily, office, retail and industrial sectors. The firm has grown its portfolio to over 35 assets, valued at over $350,000,000. The Blue Ocean portfolio consists of nearly 3,500 apartment homes and approximately 2,000,000 square feet of commercial space.