On behalf of SKB, I am deeply saddened to share the news of the passing of our esteemed colleague, friend and SKB Principal, Richard (Rich) Morean, on Nov. 11. Rich was a valued member of our team for over 10 years, and his contributions to SKB and the real estate community, particularly in Denver, were immense.
Rich was a highly respected real estate professional with over 34 years of experience in acquisition, development, equity investment, and asset management. His experience included senior positions with GE Capital Real Estate, Kennedy Associates Real Estate Counsel, Trammell Crow Company, and Trammell Crow Asset Services as well as the City of Winfield, Illinois. He was known for his deep market knowledge and the strength of the relationships he built with investors and partners across the country.
At SKB, Rich led the charge to diversify our equity investors, which prior to his arrival had been primarily focused on high net-worth investors. With Rich’s help we significantly expanded our institutional relationships. Since that time SKB and its investors have placed approximately $1.2 billion in equity across 44 investments totaling over $3 billion in asset value.
Recently, Rich was also instrumental in making the introductions that led to one of SKB’s signature projects, Denver's York Street Yards. York Street Yards stands as a testament to his dedication and foresight in seeing the opportunity in this diamond in the rough to enrich the fabric of the Denver community.
Beyond his professional accomplishments, Rich was passionate about all things Denver. He actively supported Children's Hospital in Denver, the Leukemia and Lymphoma Society of Colorado, and the Make a Wish Foundation of Colorado. He was also a strong advocate for advancing the real estate profession as a member of organizations including ULI, NAIOP, ICSC, and NMHC.
On a more personal note, it is my sincerest hope that Rich is remembered for all he has accomplished, but also for the wonderfully charismatic and profoundly generous spirit he always demonstrated in our time together. He was, first and foremost, a family man, and those values informed his relationships at work. He always took the time to ask about our lives outside the office. He remembered whose child had a big soccer game that weekend or who was taking a trip. He paid attention to the little things, and it made all the difference. He will be deeply missed by all who knew him.
Our thoughts and prayers are with Rich's family and loved ones during this difficult time.