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February 24, 2021
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G. Ryan Smith and Michael Zietsman Form New Firm Providing Flexible Space Solutions for Office Landlords


Commercial real estate veterans G. Ryan Smith and Michael Zietsman have launched a new commercial real estate company. Ivy focuses on providing flexible space solutions and hospitality focused tenant engagement services for office landlords. Smith and Zietsman will serve as Co-Founders and Managing Members of Ivy. Additionally, Jennie Delakas will serve as Vice President of Growth and Integration with Christine Lyle working as Client Service Coordinator.

Ivy helps landlords by serving as the operator of its flexible office space, working to maximize occupancy and revenue. From concept to project management, the company assists in the design, build and turn-key delivery of space to tenants. Additionally, Ivy works with the landlord’s brokers to attract businesses that seek flexible lease terms. Finally, the company digitally manages lease documentation, billing, payment, tenant communication and amenity utilization though the Ivy technology platform.

An integral part of the Ivy platform, the Ivy Ambassador is a dedicated outward-facing onsite hospitality expert focused on tenant engagement, technology adoption and activating new revenue streams. The Ivy Ambassador also greets guests and builds rapport with tenants, manages building amenities and events, and provides property tours to prospective tenants.

“With the rapid growth of the flexible space industry pre-COVID, we recognized areas of opportunities to enhance current operations and models,” said Smith. “Those concerns and struggles for landlords have been exacerbated in recent months not only for flexible space but for the traditional office market as workplace strategies are evolving rapidly. With Ivy, landlords have a partner to help them integrate a hospitality-focused flexible space solution while stabilizing and energizing their entire building.”

Smith is a veteran commercial real estate professional with over 25 years of experience as both a principal and an investment sales broker. Currently he serves as Founder and President of George Urban Properties, whose focus is to acquire urban in-fill office and mixed-use commercial properties across Southern California. Previously, Smith worked as an Executive Vice President in JLL’s Irvine office, specializing in office and portfolio sales in Southern California.

With over 30 years of commercial real estate experience, Zietsman currently serves as Principal of Zietsman Property Group, a real estate capital markets and advisory firm providing strategic advisory and transaction services for commercial real estate properties across U.S. markets. Zietsman previously served as International Director in the Capital Markets group at JLL.

Delakas has spent the past 15 years in commercial real estate and hospitality, most recently serving as a Director for LA Realty Partners and Senior Business Development Manager for WeWork in Los Angeles. Prior to WeWork, Delakas ran sales and events for several high-end national hospitality brands.

Lyle has a 25-year career as a real estate executive, most recently working as Senior Vice President at JLL and currently serving as Principal of Zietsman Property Group. She has a vast amount of commercial real estate experience including a demonstrated track record of achievement in capital markets, deal management and closing, operations, asset due diligence, business development, and project management.

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