Cisneros today announced the appointment of Patrick Freeman as President of the new Cisneros Real Estate division.  In this newly created position, Mr. Freeman will oversee the diversified corporation’s global real estate holdings and developments.

Mr. Freeman, who joined Cisneros as Vice President of Real Estate & Development in 2010, will report to Adriana Cisneros, Chief Executive Officer, and be based with his team at the corporate headquarters in Miami.  He will oversee the development and strategic positioning of the company’s real estate portfolio, which includes commercial, industrial and residential properties.

The real estate division’s crown jewel is Tropicalia, a sustainable luxury development that will encompass thousands of acres and miles of coastline on the Bay of Samaná in the Dominican Republic.  Anchored by a Four Seasons Resort, which is currently under design, Tropicalia will set a new standard of natural elegance and simplicity for sophisticated travelers around the globe.

“Patrick’s experience and passion for sustainable development make him an ideal choice to lead Cisneros Real Estate,” Ms. Cisneros said.  “One of Patrick’s top priorities will be to make Tropicalia a world destination for visitors who want to experience the Dominican Republic’s natural beauty, and to further our mission of building a unique, environmentally sensitive development that will be a legacy to future generations.”

Prior to joining Cisneros, Mr. Freeman served as Vice President of Sustainable Development for Auberge Resorts.  Mr. Freeman holds a Bachelor of Science degree in geological engineering from New Mexico State University.

“This is an extraordinary opportunity to help create a new business focused on successful, socially responsible and ecologically minded development,” Mr. Freeman said.  “The Cisneros organization provides a perfect foundation for this undertaking, and I could not be more honored by the confidence they have placed in me.”