Mary B. Campbell, senior vice president for Bank of America, has been named assistant vice chancellor for real estate, announced Henry S. Webber, executive vice chancellor for administration. Campbell’s appointment will be effective Monday, April 13.
“Mary Campbell is an extraordinarily talented real estate and community development leader with a demonstrated long-term record of success in the St. Louis area as well as across the country,” Webber said. “She will contribute immeasurably to the University in the years ahead.”
Campbell will be responsible for the management of all aspects of the University’s off-campus real estate activities.
Campbell, among other duties, will direct WUSTL’s Quadrangle Management and Quadrangle Housing companies, support planning for the future growth of WUSTL campuses, develop initiatives and policies to align Quadrangle holdings with WUSTL sustainability standards, and plan and implement strategies that will further refine and develop WUSTL’s residential and commercial portfolios.
“Washington University’s outstanding reputation, significant physical presence and substantial employee, student and faculty base give the University the breadth of talent and the means to have a positive and lasting impact on the St. Louis community,” Campbell said. “I am thrilled to be part of the WUSTL team.”
Campbell brings significant real estate development, financing and management experience to the University, particularly in community development. Most recently, she was the Central Region division executive for Commercial Real Estate Banking at Bank of America. As a division executive, Campbell managed a team that helps create affordable housing and offered approximately $400 million in community development financing in 2008.
As a manager of community development equity from 2003-07, Campbell invested approximately $85 million annually in bank capital in real-estate-based private equity funds and joint ventures nationwide.
She also managed a team that invested approximately $400 million in properties eligible for Historic Tax Credits and New Market Tax Credits — including the Center of Research, Technology & Entrepreneurial Exchange (CORTEX), a collaboration between WUSTL and other St. Louis organizations to develop St. Louis as a biotechnology center.
From 2000-03, Campbell was the market executive for community development banking, managing a team that originated and managed loans and investments in the six-state Midwest region. From 1997-2000, Campbell worked as an investment manager for Banc of America CDC, which invested more than $70 million to acquire or develop housing and commercial space in Missouri.
Banc of America CDC’s St. Louis projects included University Lofts, a $5.6 million rehabilitation of a 1907 warehouse located on Washington Avenue in downtown St. Louis. CDC partnered with WUSTL’s Sam Fox School of Design & Visual Arts and the Regional Housing and Community Development Alliance on the project, which features living and working space as well as the Des Lee Gallery, which provides WUSTL students and faculty a formal gallery space to present exhibitions.
Before joining Bank of America in 1997, Campbell held policy and administrative jobs for St. Louis City and County, including director of the County Office of Community Development (1992-97); director of neighborhood development for the St. Louis Community Development Agency (1987-1992); and executive director of Operation Impact Inc. (1984-87).
While in City and County administration, she directed St. Louis City’s housing production programs, helped ensure funding for affordable housing developments in St. Louis County and administered the County’s disaster recovery program after floods in 1993 and ’95.
Campbell earned a bachelor of arts degree in English literature from Kenyon College, graduating with honors in 1981. In 1984, she earned a law degree at Washington University.
In 1998, she was a Danforth Foundation Fellow for State and Local Government at the John F. Kennedy School of Government at Harvard University.
Campbell is a member of the Bar Association of Missouri and the Urban Land Institute’s national Responsible Property Investment Council. She also is vice president of the Saint Louis Zoo Association and president of the Saint Louis Zoo Friends and is a member of the board of directors for the Regional Housing Community Develop-ment Alliance and the Grand Center Inc.