ST. LOUIS — Subsidized housing developer and property manager McCormack Baron Companies has hired a new chief of its management arm, the company announced Monday.
David Nargang is the new president of McCormack Baron Management, which oversees a 23,000-unit portfolio located across 267 properties. He previously worked at Cleveland-based multi-family housing developer and manager NRP Group, where he oversaw the firm’s 9,300-unit Texas portfolio from Houston.
“His broad expertise in property management and affordable housing will be of great benefit to McCormack Baron Management and ultimately to the residents we serve,” Vincent R. Bennett, president, McCormack Baron Salazar, said in a statement announcing Nargang’s hire.
Nargang replaces Tim Zaleski, who had led McCormack Baron Management since 2011. Zaleski’s last day was Friday, a spokeswoman for the company said. He wanted a job closer to his family in Colorado and the leadership transition was planned, she said.
In recent years, McCormack Baron Management has faced bad publicity at some of the housing complexes it manages near downtown. It settled a 2018 lawsuit with the Missouri Attorney General’s office over mice and poor conditions at the Clinton-Peabody Housing Complex south of downtown, spending over $300,000 to clean up the property owned by the St. Louis Housing Authority. A new management company, East Lake Management Group, recently took over management of the property.
In recent years, St. Louis city’s problem property unit also regularly cited issues at Cambridge Heights apartments, a complex just north of downtown run by McCormack Baron Management until February. The owners of the complex, along with McCormack Baron Management, also settled a wrongful death lawsuit filed by the family of a woman who was shot there in 2017.