Beverly-based Brookwood Financial Partners, LLC has promoted Thomas W. Brown to president.

Brown joined the real estate investment and asset management company as the director of real estate acquisitions in 1994, shortly after the firm was founded. Under Brown’s direction, Brookwood has acquired 142 assets totaling over 13 million square feet throughout the United States with a total capitalization of over $1.7 billion

As president, Brown will provide holistic oversight to both the acquisitions and asset management teams at Brookwood.

“Tom has been my friend and partner for more than 25 years and has been instrumental in the growth and success of Brookwood,” Chairman, CEO and Founder of Brookwood Thomas Nicholas Trkla said in a statement.  “As our portfolio continues to grow and becomes more complex, I wanted Tom to have more direct ownership of all acquisition and asset management functions within the firm to drive value creation in our portfolio.  I am thrilled to have him take over as president and look forward to many more years of working closely with him as we continue to expand the business.”