Real Estate

Carmel Partners hires head of asset management and portfolio strategy

Andy Sands has joined real estate manager Carmel Partners as a managing partner and head of asset management and portfolio strategy, spokeswoman Lisa Baker said in an email.

Mr. Sands replaces Jim Howard, partner, head of asset management, who left Carmel in mid-February to pursue personal opportunities, said sources familiar with the situation. Ms. Baker declined further comment.

Mr. Sands had been a managing director at Lowe Enterprises Investors and head of its multifamily business. Broadshore Capital Partners, formerly Lowe Enterprises Investors, is searching for a new senior executive in multifamily investments to add to its team, said spokeswoman Karen Diehl in an email.