MidCity, a 50-year-old real estate company with multiple developments planned in D.C., has brought on a new CEO.
The Bethesda-based firm announced Tuesday it hired Stacy Spann, who previously served as executive director of the Housing Opportunities Commission of Montgomery County for nine years.
Spann will take the CEO role from John Wall, who has been with MidCity for 40 years and will move into a senior advisory capacity. The firm was founded in 1965 by Eugene Ford Sr., and his son, Eugene Ford Jr., is now the chairman of the firm’s board.
“MidCity will benefit from Stacy’s extensive experience in multifamily housing in the greater Washington/Baltimore region, and his successful efforts acquiring, developing, owning, leasing and operating affordable housing,” Ford Jr. said in a release.
Prior to his time at HOC, Spann was the executive director of Howard County Housing. He has also served as the assistant commissioner of development finance in Baltimore. Spann also teaches as an adjust professor in the real estate master’s program at the University of Maryland School of Architecture, Planning & Preservation.
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