VanTrust Real Estate, LLC (VanTrust), a national commercial real estate development company, is pleased to announce the addition of Derek Flottum as Senior Director of Development for its Southwest Region. Flottum, an industry veteran with over a decade of development experience in Arizona, will manage existing industrial and office projects and help expand VanTrust’s presence in the Southwest.
“Derek’s experience and professionalism make him an ideal addition to our team,” stated Keith Earnest, Executive Vice President of VanTrust Real Estate. “He is active in both the industry and the community, and we are delighted to have him on board.”
Flottum began his career in banking before transitioning into commercial real estate development. His resume includes office and industrial projects in the Phoenix market, most recently with Minneapolis-based The Opus Group. Flottum has served on the Executive Board for NAIOP Arizona for six years, and is a longtime member of the Scottsdale Charros, a nonprofit, all-volunteer civic group.
“VanTrust’s reputation speaks for itself, not just here in the Southwest, but around the country,” Flottum noted. “I am thrilled to be joining such a talented and experienced team and look forward to contributing to VanTrust’s continued success.”
VanTrust, recognized as the 2023 Developer of the Year by NAIOP, is continuing to expand its Southwest portfolio, including the Phoenix, Tucson, and Las Vegas markets. Recently, VanTrust finished about 1.8 million square feet across three buildings at its Vantage North project in North Las Vegas, Nevada, and will commence construction on an additional 320,000 square feet of industrial space later this month.
