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DLC Elevates Basil Donnelly to Expanded Executive Role

After sixteen years of steering the company's financial and legal framework, Basil Donnelly has been appointed Chief Financial, Legal, and Business Officer at DLC. The promotion marks a strategic consolidation of leadership as the Elmsford-based firm intensifies its national expansion as an owner-operator of open-air shopping centers.

DLC Elevates Basil Donnelly to Expanded Executive Role
Photo: Bio & News

Donnelly, who joined the firm in 2010, will now oversee a broader portfolio encompassing finance, accounting, legal affairs, and enterprise intelligence. CEO Adam Ifshin credited the move to Donnelly’s ability to bridge the gap between complex financial operations and long-term business strategy. This alignment is intended to bolster the company’s internal systems and governance as it manages a portfolio exceeding $4 billion in assets and 90 properties.

Before his tenure at DLC, Donnelly held senior roles at Centro Properties Group and Kramont Realty Trust, building a resume defined by commercial real estate law and property-level financing. His background includes a Juris Doctor from Villanova University and over three decades of industry experience. In his new capacity, he remains a central figure on the Executive Committee, tasked with maintaining the company’s operational speed while scaling its retail footprint across the country.

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