ShopOne Centers REIT makes two executive promotions

ShopOne Centers REIT has promoted two members of its executive team.

Joseph LoParrino, CPA, who has served as chief accounting officer since 2018, will move into the role of CFO, while Chris Reed, who has held the position of executive vice president of acquisitions since 2020, will become CIO.

LoParrino has nearly 30 years of experience working in both the public and private accounting sectors, with a deep focus on real estate. He possesses a strong understanding of GAAP accounting, SEC compliance internal controls, tax compliance and cash management.

Throughout his career, LoParrino has held leadership positions at AmTrust Realty Corp., Urstadt Biddle Properties, Retail Opportunity Investments Corp. and New Plan Excel Realty Trust, among others.

In addition, Reed brings significant experience in acquisitions, development and capital markets to his new role, having led investment and financing transactions with an aggregate value of more than $1 billion