C. Stephen Cordes, of Westfield, has been named to the NJIT Board of Trustees. Cordes is an equity partner and managing director of Clarion Partners, a leading investment advisory firm headquartered in New York City specializing in real estate with $23 billion in assets under management. He is a member of the firm's board of directors, management executive board and investment committee. He serves as chief operating officer of the company and is the head of its portfolio management activities. Cordes is portfolio manager and chairman of the board of a $2.5 billion investment fund created through the 2005 privatization of a publicly-traded real estate investment trust specializing in multifamily property ownership and development.