Morningstar Properties Announces Three Key Management Changes

Posted by Modern Storage Media on May 2, 2024 7:16:17 PM

Morningstar Properties, developer, owner, and operator of specialty real estate products, has announced key leadership changes.

Lesslie Ray, COO

Lesslie Ray has been promoted to Chief Operating Officer for Morningstar Storage and Marina operations. She joined Morningstar Properties in February of 2023 as the Senior Vice President of Asset Management where she led profitability maximization efforts across the firm’s business lines, monitored portfolio trends, and provided consultative support to operating and investment groups. 

Lesslie’s background includes investment management, directing private and public market capital transactions, and overseeing operations. Prior to Morningstar, she served as CEO for Greenway Wealth Management, a single-family office. She was also involved in private investment opportunities, wholly-owned operating businesses, and major recapitalization projects. Additionally, Lesslie has worked in banking for JPMorgan Chase & Company focused on real estate.

Brent Morris, SVP–Client Capital Management

Brent Morris has joined the team as the new Senior Vice President of Client Capital Management. He has a distinguished career spanning over 23 years in commercial real estate, capital management, and investor relations, and has successfully raised over $3 billion in institutional investor capital across diverse strategies and structures.
Prior to joining Morningstar, Brent held senior roles at Deutsche Bank, Capmark Investments, Clarion Partners, and Dalfen Industrial. Additionally, his affiliation with the Pension Real Estate Association underscores his commitment to excellence and professionalism.

Bob Dunworth, SVP–Storage Operations

Bob Dunworth has assumed the position of Senior Vice President of Storage Operations, where he will oversee the strategic planning and day to day operations of Morningstar's storage portfolio, as well as directing the company's revenue management and business analytics efforts. Prior to this, Bob played a pivotal role at Morningstar as Vice President of Performance/Pricing and as a Regional Manager in the Marina division.

After spending nine years as a logistics officer in the United States Air Force, Bob went on to assume numerous leadership roles in civilian plant and warehouse management, focusing on continuous improvement and data-driven initiatives in high tempo, high volume operations.