Posted on: 01/06/2021

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the promotion of Stephen Halle to Executive Vice President, following the retirement of Peggy Castrilli who held the position for the past 16 years. Mr. Halle has more than 35 years of diversified property management and real estate experience, and has worked with Finmarc since 2019 as Director of Property Management.

In his expanded role with the company, Mr. Halle will be responsible for the management, day-to-day operations and financial reporting of the Finmarc Management portfolio comprised of seven million square feet of commercial office, industrial/flex and retail properties located throughout the Mid-Atlantic region. This includes oversight of the Directors of Property Management; the department heads of construction, finance and lease administration and landlord/tenant legal issues. Mr. Halle will also engage with company principals to design and execute asset management processes that assure the long-term value of the properties, and provide guidance during the due diligence phase when evaluating potential property acquisition opportunities.

Throughout his real estate career, Mr. Halle has worked for CBRE as General Manager for River Ridge Mall; WashREIT as Director of Property Management and Manager of Insurance and Risk Management; Combined Properties as Vice President of Asset Management; and GFD Management as Vice President.

He earned a Bachelor of Arts degree in Economics from the University of Rochester and a Masters of Business Administration in Finance from the Indiana University Kelley School of Business. He earned Certified Retail Property Executive (CRX) and Certified Shopping Center Manager (CSM) designations from the International Council of Shopping Centers (ICSC).

“Peggy Castrilli served the interests of Finmarc Management extremely well and for many years, and is credited with developing and implementing the successful property management processes and protocols that define our corporate mission,” explained David Fink, President of Finmarc Management. “The transition of responsibilities to Steve was seamless and, under his leadership, Finmarc is extremely well-positioned to maintain the high level of services that our tenants have come to expect. Steve brings tremendous knowledge of all real estate asset classes to this new position, is an excellent leader and mentor and represents the ideal professional to maintain the corporate culture currently established in our property management division.” Finmarc Management a fully-integrated commercial real estate company that focuses on real estate investment, management, leasing and development of retail, industrial/flex, and office properties throughout the Mid-Atlantic region. The firm presently owns and manages a portfolio encompassing approximately 7 million square feet of commercial properties located in Maryland, Washington, D.C., Virginia, Delaware and Pennsylvania. For additional information visit