Chicago-based CA Industrial, the industrial investment and development division of CA Ventures, has appointed Michael Podboy, a veteran of the commercial real estate industry who has overseen more than $750 million in development, as president for the division.
Podboy will build on the success of CA Industrial, launched in July 2018 with a goal of investing $500 million in speculative industrial development and acquisition opportunities throughout the U.S. over the next five years.
He most recently was founding principal of his own firm, Chicago-based PBRE Ventures LLC, where he recently focused on providing strategic operational, transactional and financial advisory services to a national industrial real estate owner and operator. Prior to that, he spent 11 years in progressively senior executive positions with InventTrust Properties Corp. in Downers Grove, ending as chief financial officer, chief investment officer and treasurer. Among other accomplishments, he steered the company through a significant transition in organizational focus, managed a corporate budget of $20 million and a team of more than 50 employees, and oversaw $15 billion in transactions. Podboy has also held positions with KMPG LLP in both Chicago and Minneapolis.
He holds a bachelor's degree in accounting and computer science from the University of St. Thomas in St. Paul, Minn. He is a certified public accountant in Minnesota and Illinois (not active) and a member of several industry groups.
Podboy joins the team of Jim McGill, executive vice president of CA Industrial, and Sean Spellman, chief development officer of CA Ventures.