Matt Jones was promoted to the newly created role of chief investment officer-credit investments on June 1 by real estate manager Harbor Group International, a news release said.
He has worked at the firm for more than 20 years, the Wednesday release said.
Previously, Mr. Jones was managing director and supported the development and implantation of the firm's strategies in the multifamily, commercial and real estate sectors.
A spokeswoman for Harbor Group said she could not provide the name of the person who will replace Mr. Jones in his previous position.
"Matt's role at the firm will give him resources to serve as CIO of debt investments and the realignment of his role will give him the resources to lead our credit platform," said Richard Litton, president of the firm, in the release.
Assets on Harbor Group's credit platform total $4.5 billion, and total assets including those managed by its affiliates total $20 billion, the release said.