CHARLOTTE, N.C. — Grandbridge Real Estate Capital has announced that Tom Dennard, the company’s chairman and CEO, will retire on Sept. 30 after 19 years with BB&T’s commercial real estate banking platform. Matt Rocco will assume the leadership of Grandbridge as president and CEO.
Dennard began his BB&T career with Laureate Capital, where he served as president and CEO. He was instrumental in the creation of Grandbridge when BB&T (Laureate Capital) acquired Collateral Real Estate Capital. With over 41 years of service to the commercial real estate industry, Dennard has dedicated his career to developing partnerships with owners and capital.
Under Dennard’s leadership Grandbridge has evolved into a nationwide, full-service capital provider, servicer and asset manager for commercial and multifamily real estate assets, including seniors housing. With 21 origination and servicing offices in 16 states and the District of Columbia, Grandbridge offers agency, life-company, third-party and direct financing to commercial property developers and owners while servicing more than $29 billion in commercial real estate assets.
Dennard serves as a member of the Board of Directors of the Mortgage Bankers Association (MBA), where he also served as past chairman of MBA’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG). In 2018 he was honored with the MBA’s 2018 Commercial Real Estate Finance Distinguished Service Award.