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$50,000 to be awarded to seven organizations nationally



Dermody Properties, a national private equity real estate investment, development and management company focused exclusively on the logistics real estate sector, has announced the recipients of its annual Dermody Properties Thanksgiving Capstone Award. The Food Bank of Northern Nevada (FBNN) will receive $25,000 to assist in their efforts during the holiday season. 

Every year, senior management at Dermody Properties selects the recipients for the annual Thanksgiving Capstone Award with the overall goal of helping non-profit organizations address the increased need experienced during the holidays. This year, Michael C. Dermody, Chairman of the Board and Chief Executive Officer, and Doug Lanning, Chief Financial Officer, have specifically designated FBNN as a recipient.

FBNN is a non-profit organization and a member of Feeding America, the nation’s largest domestic hunger-relief organization, focused on providing emergency food services to families throughout northern Nevada and the eastern slope of the Sierra in California. Through a network of more than 145 partner agencies and direct service programs, they serve more than 91,000 people per month. 

This year’s Capstone Award will fund the FBNN’s school food pantry program. During the 2019 Fiscal Year, FBNN opened four new school pantries and now has a total of 32 school pantries. Through school food pantries in Washoe County, FBNN has assisted more than 3,800 students and their families with access to healthy food. 

Last fiscal year, FBNN provided more than 18.2 million meals. In addition, the organization offers resources and long-term solutions through SNAP Outreach and their Bridges to a Thriving Nevada program, as well as nutrition education. Interested parties can help further the work of the FBNN by volunteering or donating at fbnn.org

Michael Dermody speaks to students at Libby Booth Elementary School.

“Every year, the Thanksgiving Capstone Award brings our company, our executive team and the community together to help those organizations who are truly making an impact in the lives of people – especially children and seniors,” said Dermody. “At Dermody Properties, this award has become a tradition where we do our part to help ensure the communities in which we do business have the resources they need. We are pleased to continue our support of the Food Bank of Northern Nevada and recognize their efforts from this past year to fight hunger and food insecurity among our most vulnerable populations.”

The Dermody Properties Annual Thanksgiving Capstone Award is uniquely directed each year by the executive management committee of Dermody Properties, which includes Chairman and CEO Michael C. Dermody; President Douglas A. Kiersey, Jr.; Chief Financial Officer Douglas Lanning; Chief Investment Officer Timothy Walsh; Chief Capital Officer Kathleen Briscoe; and Chief Operating Officer Elizabeth Kauchak.

Dermody Properties has selected six additional recipient organizations and will award $5,000 to BrainUp in Frankfort, Ill., $5,000 to Operation Finally Home in Dallas, Texas, $5,000 to the NJ Sharing Network in New Providence, N.J., $5,000 to the Sonoma County Resilience Fund in Santa Rosa, Calif., $3,500 to the California Fire Foundation in Sacramento, Calif., and $1,500 to the International Association of Fire Fighters Center of Excellence for Behavioral Health Treatment and Recovery in Upper Marlboro, Md.  

About Dermody Properties 

Dermody Properties is a privately-owned real estate investment, development and management firm that specializes in the acquisition and development of logistics real estate in strategic locations for E-commerce fulfillment centers, third party logistics and distribution customers. Founded in 1960, Dermody Properties has invested in more than 89 million square feet of logistics space. In addition to its regional office and company headquarters in Reno, Nev., Dermody Properties has regional offices in northern and southern California, Atlanta, Phoenix, Seattle, Chicago and New Jersey. For more information visit www.Dermody.com.

About the Food Bank of Northern Nevada 

The mission of the Food Bank of Northern Nevada is: Feeding the hungry today and solving hunger for tomorrow through community partnership. The Food Bank is a food distribution system that provides more than 18.2 million meals annually through a network of 145 partner agencies and six direct service programs. There are approximately 91,000 people per month who receive support from the Food Bank of Northern Nevada and they cover a service area spanning 90,000 square miles. Approximately half of those served by the Food Bank of Northern Nevada are children and seniors.  

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