Mike Zammitti is the new chief investment officer for U.S. equity investments at Hartford’s Cornerstone Real Estate Advisers, effective March 1.
Zammitti will succeed Drew Williams, who retires next Monday after 22 years at Cornerstone, Global President/CEO Scott Brown said Monday.
“Mike has shown exceptional commitment to the company and we are confident in his ability to expand Cornerstone’s U.S. commercial real estate portfolios,’’ Brown said in a statement. “I would also like to thank Drew for his dedication and two decades of service to Cornerstone. On behalf of global colleagues and clients, I wish him the very best in his future endeavors.”
As U.S. Equity’s investment chief, Zammitti will oversee Cornerstone’s direct equity investments in commercial real estate in the United States and manage all activities in connection with a diversified national portfolio of commercial properties, including acquisitions, asset management and dispositions. Cornerstone’s 22-year-old portfolio of discretionary and non-discretionary private real estate equity funds and separate accounts has $12.1 billion in North American assets under management.
Cornerstone is the real estate investment-advisory arm of insurer MassMutual.
Zammitti has been deputy CIO for U.S. equity investments since last June. He joined Cornerstone in 1996 as a vice president of asset management and joined the acquisitions team the following year. In 2007, he was named managing director for asset management, acquisitions and development activities in the eastern U.S. region.
Before Cornerstone, he was an investment officer with Connecticut Mutual Life Insurance Co.’s realty division. Zammitti has a finance MBA.
