James Milam named CFO of Carl M. Freeman Companies

Carl M. Freeman Companies, a leader in real estate development since 1947, announced that James Milam has joined the company as its new chief financial officer, succeeding CFO and Senior Vice President Dave Levitsky, who will retire in December after 22 years’ service to the company.

Milam comes to the Freeman Companies with more than 15 years’ senior management experience in finance and asset management, most recently as senior vice president, regional finance, and portfolio manager for Federal Realty Investment Trust in North Bethesda, Md. He joined Federal in 2016 as vice president, finance, and chief financial officer of the mixed-use division.

“I’m excited to join the Carl M. Freeman Companies team and look forward to contributing to their reputation as the standard-bearers of innovation and excellence in real estate,” Milam said. “CMFC maintains an impressive portfolio of residential and commercial properties, and are national leaders in mixed-use community developments. I look forward to being a part of the company’s future growth and continued success.”

Milam began his career in finance at Citi Property Investors, the real estate private equity arm of Citigroup, where his responsibilities included direct real estate acquisitions and asset management, as well as capital raising and client service for both institutional and high-net-worth investors. With a diverse background in both finance and real estate, Milam is also quite skilled in another line of business – the golf industry. He was a professional golfer for three years after he graduated from college.

“As our company continues to build a stellar executive team of motivated and talented individuals, we are delighted to welcome James on board,” said Michelle Freeman, CEO of Carl M. Freeman Companies. “He comes to us with an impressive portfolio of successes, and a dedication and spirit we hope to foster in all our team members, especially at the executive level.”

Milam holds a master’s degree in real estate finance from New York University and a bachelor’s degree in political economy from Princeton University.

Milam will be based out of the Rockville, Md. office. His email is jmilam@cmfa.com.