Managing Director, Development
Job Functions: Executive, Acquisitions & Dispositions, Design & Construction, Development, Marketing, Research & Strategy, Underwriting & Analysis
John Marasco is Security Properties’ Chief Development Officer and is responsible for all aspects of SP’s multifamily and commercial real estate development. He is a member of the Investment Committee and the Board of Managers. Mr. Marasco joined Security Properties in 1992 as a Development Project Manager. Having started his career in real estate with the largest land developer in the Pacific Northwest, Mr. Marasco’s particular expertise in land acquisition and development proved instrumental in establishing SP as one of Seattle’s leading development teams.
Under Mr. Marasco’s leadership, SP has expanded its development portfolio through responsible and sustainable buildings that reflect and reinforce the unique attributes of their neighborhood. From 2012 through 2019, SP has built and successfully delivered a pipeline of over 2,000 units at a capitalized cost of $1 billion. Mr. Marasco has expanded development capabilities to include office and light industrial. Moreover, his team has established a niche development strategy for urban mixed-use development with grocery-anchored retail with successful entitlement and development in cities such as Seattle, Portland, San Francisco, and Chicago. Mr. Marasco’s additional strengths include analysis, financial structuring, construction management, rehabilitation, asset turnaround, marketing, and sales.
Prior to joining Security Properties in 1992, he served as Acquisition Manager for a Seattle-area multifamily real estate syndication and development company. He has a Bachelor of Science degree from the University of Oregon and completed graduate courses at the University of Washington's Department of Civil Engineering. He maintains a Washington real estate broker's license and has received a University of Washington Certificate in Commercial Real Estate.
Security Properties Residential
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Areas of Interest
- Risk Profile
- Deal Type
- Acquisition, Development, Ground Lease, Loan Purchase, Opportunity Zone, Partner Buyout, Pre-Development, Recapitalization, Refinance, Rehabilitation
- Property Type