Atlanta-based IPA 100 firm Aprio (FY24 net revenue of $485.3 million) has named James Lockhart as its real estate industry leader, effective May 1, 2026.
Lockhart succeeds Alan Vaughn, who built the firm’s real estate practice over four decades and will remain with the firm as a partner. The transition comes as commercial real estate faces a complex capital environment and increased demand for advisory services.
Lockhart brings 25 years of experience advising developers, investors, private equity sponsors, REITs and family offices on tax structures, capital transactions and investment strategy. Since joining the firm, he has expanded its national reach across commercial real estate, construction and affordable housing. He also serves as vice-chair of the American Bar Association’s real estate private equity committee.
“Alan has set a standard that inspires everything we do. His commitment to our clients and our team is a legacy I will honor. What excites me is that we are stepping into this next chapter at Aprio at exactly the right time, real estate is at a genuinely exciting moment, and we have the depth of talent to help clients make the most of it,” said Lockhart. “I’m grateful for this opportunity and look forward to continuing to work with Alan and our talented real estate team.”
Under Lockhart’s leadership, the firm plans to expand its platform across commercial real estate, construction lending, affordable housing and opportunity zone investments, focusing on a connected advisory model across asset classes and markets.
“Alan Vaughn built Aprio’s real estate practice into a top practice in the U.S., establishing the firm as a trusted advisor to owners, developers, investors, and REITs across the nation. His four decades of counsel shaped a foundation we will continue to build on,” said Richard Kopelman, CEO of Aprio. “James brings exceptional experience, deep relationships, and the ability to look forward for our clients as they navigate the shifting capital environment, and rapidly changing role of AI. We are genuinely excited about what’s ahead for our clients and our team.”
