VanTrust Real Estate, a national commercial real estate development company, announced the addition of Derek Flottum as Senior Director of Development for its Southwest Region. Flottum is an industry veteran that brings over a decade of development experience in Arizona. He will be working on existing industrial and office projects for VanTrust, as well as expanding the firm’s footprint in the Southwest.
“Derek’s experience and professionalism make him a perfect fit for our team,” said Keith Earnest, VanTrust Real Estate Executive Vice President. “He’s active in the industry, and the community and we couldn’t be more pleased to have him on board.”
Flottum began his career in banking before transitioning into commercial real estate development. His resume includes office and industrial projects in the Phoenix market, most recently with Minneapolis-based The Opus Group. Flottum has served on the Executive Board for NAIOP Arizona for six years, and is a longtime member of the Scottsdale Charros, a nonprofit, all-volunteer civic group.
“VanTrust’s reputation speaks for itself, not just here in the Southwest, but around the country,” Flottum noted. “I am thrilled to be joining such a talented and experienced team and look forward to contributing to VanTrust’s continued success.”
VanTrust, which was named national Developer of the Year by NAIOP in 2023, has a growing portfolio in the Southwest, which covers the Phoenix, Tucson and Las Vegas markets.VanTrustrecently completed approximately 1.8 million square feet in three buildings at its Vantage North project in North Las Vegas, Nevada, and will begin construction on 320,000 square feet of industrial space later this month.
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