KeyBank Real Estate Capital targets growth with new president at the helm

Company announces key leadership transition

KeyBank Real Estate Capital targets growth with new president at the helm

KeyBank Real Estate Capital has named Dan Heberle (pictured) as its new president, succeeding Angela Mago, who led the business since 2014.

Heberle, a seasoned banking executive with over three decades of experience, will oversee KeyBank’s real estate finance, community development, and investment operations. His responsibilities include steering a team of more than 900 professionals providing advice and capital services for virtually all types of income-producing commercial and residential real estate assets.

Before his promotion, Heberle was at the helm of KeyBank’s Institutional Capital Group, managing a $15 billion institutional real estate portfolio and leading a national team of 60 professionals.

Over the years, Heberle has held various leadership roles within KeyBank Real Estate Capital. He initially joined KeyBank in 1998 as a relationship manager in KeyBank’s REIT Group, where he managed the bank’s REIT clients and prospects.

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“Dan has a wealth of experience and has earned the respect of his peers in the industry for his expertise and leadership,” said Mago, who recently transitioned to KeyCorp as chief human resources officer. “Key is fortunate to have a deep and talented group of senior professionals leading its real estate capital lines of business.”

“Dan’s business acumen and proven leadership make him uniquely qualified to lead KeyBank Real Estate Capital,” added Randy Paine, president of Key Institutional Bank. “He has the experience to drive our relationship-based business model and deliver the full breadth of Key to our clients and prospects.” 

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