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Asante Real Estate leadership changes hands

Keith Russell has announced his retirement, is replaced by Eileen Hallquist.

After helping guide Asante through one of its most ambitious expansion periods, Real Estate director Keith Russell has announced he will retire on June 3. Eileen Hallquist, a longtime commercial real estate development manager and executive, has been named his successor.

Russell joined Asante in May 2015 as Asante began to expand locations and services to meet the demands of Southern Oregon’s growing population. Since then, his team completed nearly $200 million in capital projects, with Russell leading the planning, budgeting and approval process. As part of his work on Asante’s master site plan, Russell analyzed administrative space needs and helped develop a 10-year medical office building plan as well as helped develop and expand Asante cancer centers in Medford and Grants Pass.

Russell played a pivotal role in ARRMC’s pavilion project — from negotiating bids for project management, architectural services and contractor services to working with the city on zoning issues, traffic demand management planning and easements.

During his tenure, he created a data-driven approach to managing Asante’s real estate, including space utilization, leases and tracking supply and demand of clinic space. He also advised on buying and selling properties to bring in revenue while reducing operating expenses.

Russell hopes to put his real estate experience to use as a real estate consultant. He and his wife, Leah, will eventually be moving to South Carolina, where he plans to build a house (with a couple of golf holes). He also plans to travel with Leah and enjoy his free time.

HallquistHallquist brings a vast background in managing and developing commercial and mixed-use real estate, most recently as director of asset management for The Green Cities Company in Portland, which has real estate holdings of more than $2.7 billion.

Before moving to Oregon, she served as senior development manager in corporate real estate for Vulcan Real Estate, a Seattle company founded by the late Microsoft co-founder Paul Allen. There she headed development projects for special corporate and nonprofit entities, including a $350 million cultural project with specialized visitor learning experience using information technology.

Previously, she served as a senior vice president of office and industrial asset management for Black Creek Diversified Property Fund, a real estate investment trust (REIT) based in Denver, Colorado. Other past positions include serving in real estate development and sustainability leadership roles at JBG Companies in Chevy Chase, Maryland, and Lowe Enterprises in Washington, D.C.

Hallquist earned an MBA from University of Virginia Darden School of Business and a bachelor’s in architecture from University of Virginia. She has served in numerous board positions during her career to support women in the field of commercial real estate. She is currently a board member of the University of Virginia’s Real Estate Development Advisory Council.

Hallquist is a former competitive swimmer who finds time for frequent pool workouts. She and her husband, Steve, also enjoy a range of outdoor pursuits in addition to being avid organic gardeners. She is proud of raising two mechanically talented sons, ages 28 and 27 — one in Portland and the other in Annapolis, Maryland. She begins her new role with Asante this week.

“Please join me in welcoming Eileen to her new role,” said Dennie Conrad, chief strategy officer, “and wishing Keith a happy and fulfilling retirement.”

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