Parallel Adds Sam Newman as Principal

Parallel, an Austin-based real estate development firm, announced the addition of Sam Newman as Principal. Newman will be responsible for pursuing and overseeing development opportunities nationwide. With over 20 years and $2 billion in development experience, Newman brings significant industry expertise to Parallel.

Previously, Newman spent 17 years at American Campus Communities (ACC) as Vice President of Development. There, he oversaw planning and development for some of ACC's most high-profile transactions. "We are very excited about Sam joining the team. He will bring his significant expertise and talent coupled with years of industry experience to the Parallel team," said David Pierce, Principal of Parallel.

Newman will officially join Parallel on July 15, 2024.