Top 30 Real Estate Investors At Family Offices
Family offices tend to operate on a more subterranean level through philanthropic endeavors, political activism and funding new, and sometimes moonshot, investments. While most family offices created their wealth in other industries (chemical, retail, technology, etc.), they still view real estate as an attractive landscape and asset class. Real estate, as an industry, has managed to stay relatively hidden from major tech disruptions as compared to other sectors. But given the ultra-long-term horizon associated with family offices, these senior-level investors are exploring and shining a light on some of the best investment opportunities in today’s real estate market. Presenting Trusted Insight’s 2018 Top 30 Real Estate Investors At Family Offices:
Sid Workman is the president of Bayshore Capital, an independent research-driven investment advisory firm backed by a single family office. At Bayshore, he focuses on real estate and capital markets, as well as restructuring community development. Previously, he was the president at Propert ventures Inc. and president at Leadership Housing Corporation. Workman holds an M.S. and B.S. in science from New York University.
DJ Van Keuren is currently a vice president for the Hayman Family Office, the family who founded Giorgio Perfume. He is responsible for family office capital and the real estate activities which support Hayman Properties. Previously, he worked as the director of family office capital for the Arsenal Family Office (SFO), working on their real estate portfolio and investments. DJ has underwritten and structured over $2 billion in real estate equity and debt. He is the publisher of The Family Office Real Estate Magazine, author of "Real Estate Investing for Family Offices" and is a graduate of Harvard University.
Keiri Custodio is the managing director at Fremont Realty Capital. He joined Fremont at its founding in 1997 and has been involved with sourcing, structuring, executing and managing private equity investments in real estate operating companies and projects. He is also an active member of the Management Committees and Board of Directors of many of Fremont Realty Capital’s investments. Previously, he was a senior analyst for Fremont Properties, where he played an integral role in the underwriting and closing of new acquisitions and development opportunities, and assisted in debt refinancing and other asset management activities. Custodio holds a B.S. in real estate and finance from the Haas School of Business at the University of California at Berkeley. He is a Chartered Financial Analyst charterholder.
Ross Goodwin is the portfolio manager and managing director at Mousse Partners, where he evaluates public and private direct investments, third-party managers and implements the overall portfolio strategy. Mousse Partners is a private institutionally-sized New York-based investment firm controlled by the family who owns Chanel Inc., the luxury goods company. He has advised Mousse Partners for the last 18 years on market opportunities and capital allocation across a variety of asset classes. Before joining Mousse, he worked as an investment banking associate at Deutsche Bank focusing on corporate finance, principal investing and asset securitization. Goodwin holds an MBA in finance from Columbia Business School and a B.S. in business administration and management from the University of Colorado Boulder.
Sasha Bernier is the senior vice president and investment committee member of Cheltenham Investments, a single-family office seeking to invest opportunistically in real estate. The investments are primarily allocated in real estate opportunities and lower middle market companies. Bernier is also an international advisor to Ikove Capital, a startup nursery focused on deep tech with a focus on Asian Strategy. Previously, he served as the vice president of Revere Capital, a real estate debt fund with the responsibility for underwriting and structuring new investment opportunities in the real estate debt space. Bernier holds a JD from the University of Pennsylvania Law School and a B.S. in business administration from the University of North Carolina at Chapel Hill.
Ada Healey is the vice president of real estate at Vulcan Inc., where she oversees over $2 billion in real estate assets. This includes the redevelopment of nearly 60 acres in Seattle's South Lake Union neighborhood. Healey is a leader in the development of integrated transportation systems and was instrumental in the passage of legislation for the South Lake Union Streetcar. Prior to Vulcan, she worked for nearly 10 years at ING Clarion, holding positions in asset management, acquisitions and portfolio management. Healey holds an MBA in finance from New York University's Stern School of Business and a B.A. from Duke University.
Joseph Zunic is the managing director of The Hillman Company, a fully integrated family office and investment holding company owned by the Hillman family. He joined the company in 1988 and was named managing director in 2005. Zunic holds an MBA from the University of Pittsburgh and a BBA from Westminster College.
Rina Bhagwati is the managing director of real estate at C.M. Capital Corporation, where she oversees asset management, acquisitions, dispositions, joint ventures and management of limited partnership investment interests. Previously, she was an associate for Jones Lang LaSalle's Strategic Consulting Group and an analyst for Jones Lang Wootton's Valuation Group. She has over 15 years of real estate experience and is an architect by training. She holds an M.S. in real estate development from Columbia University and a B.S. in architecture from CEPT University in India.
Barry Sholem is a partner and the co-head of MSD Capital's Real Estate Group. MSD Capital is a private investment firm established in 1998 to exclusively manage the assets of Michael Dell and his family. Previously, he was the founder and chairman of DLJ Real Estate Capital Partners, where he had responsibility for directing overall investment strategy and overseeing the day-to-day activities of its investment professionals. Prior to that, he led the real estate principal investment area and real estate investment banking on the West Coast for Goldman, Sachs & Co., where he had national responsibility for real estate-related investments and acquisitions in the hospitality industry. Sholem holds an MBA from Northwestern University's Kellogg Graduate School of Management and a B.A. from Brown University.
Coburn Packard is a partner and the co-head of MSD Capital's Real Estate Group. MSD Capital is a private investment firm established in 1998 to exclusively manage the assets of Michael Dell and his family. Previously, he was a partner at Apollo Global Management, LLC. Prior to that, he was responsible for the investment activities of Ridgeline Capital Group and was the senior vice president of Lehman Brothers Real Estate Partners, where he focused on real estate private equity investing in the Americas. Packard holds a B.A. in ethics, politics and economics from Yale University.
Jack Evans is the managing director at Cirrus Group, a family office and real estate investment firm that focuses on opportunistic, contrarian, value-oriented and complex investment opportunities. He founded Cirrus with Todd Pedersen in 2012. Since founding Cirrus, he has invested in numerous private equity and real estate transactions across the U.S. Previously, he was the founder and managing partner of Presidio Capital, a real estate development firm. Jack holds an MBA in finance and economicss from the University of Chicago Booth School of Business and a B.S. from Brigham Young University.
Katherine Zamsky is the managing director at Besyata Investment Group, a NY-based single family office focused on acquisition and development of multi-family, office, retail and senior housing real estate properties. At Besyata, she focuses on real estate, private equity, hedge fund, venture capital and the startup sector. Previously, she was the vice president at Bank of America Merill Lynch, where she structured and ran the private equity funds for the $65 billion wealth management platform. She holds an MBA from Columbia Business School and a B.A. in economics and fine art from Hunter College.
John Lustgarten is the chief investment officer of Summit Equity Investments and president of Snowmass Capital. He has participated in over $11 billion of real estate and corporate finance transactions as both an investor and a lender. Previously, he was the director at Lowe Enterprises Investors, an investment manager with over $3 billion under management, he played a key role in raising and investing approximately $240 million of institutional, discretionary private equity funds in hospitality and multifamily assets. Lustgarten holds an MBA from the UCLA Anderson School of Management and a B.A. in economics from the University of Pennsylvania.
Randy Chappel is the managing director at Hersh Family Investments, a private family office that exists to enhance the financial, civic and philanthropic interests of the Kenneth Hersh family. He is also the president at NLM Capital Partners. Previously, he was a partner at Goff Moore Strategic Partners, a private investment vehicle formed to manage $150 million of the partners' capital and the capital of the family of Richard Rainwater. Chappel holds an MBA and a B.A. in economics from Stanford University.
Guy Arnold is the chief executive officer at Hunt Investment Management and president of Hunt Real Estate, where he manages all aspects of Hunt real estate equity investment portfolio, including acquisitions and dispositions of real assets. Previously, he was the owner and manager of GMA holdings, which acquires commercial real estate investments throughout Colorado. He also served as the president of Dividend Capital Diversified Property Fund, where he helped manage a $2.9 billion REIT, including class A and B commercial office space, industrial assets and retail assets. Arnold holds a B.A. from the University of Virginia.
Seth Martin has been the president at Pritzker Realty Group since 2009, where he is responsible for defining the firm's investment strategy as well as sourcing new business opportunities. Previously, he was the founder of Martin Capital Group, the investment affiliate of First Martin Corporation, an Ann Arbor-based development firm. Prior to that, he was a vice president and investment professional at AREA Property Partners, where he focused on investments in Europe and completed over $3 billion in transactions in seven different countries. Martin holds a bachelor's degree in modern European studies from Vanderbuilt University.
Rebecca Owen leads the CEI Realty team and the real estate portfolio at Clark Enterprises. She has held senior leadership positions at Clark Entreprises for over 20 years. Currently, she serves on the Real Estate Investment Committee, is member of the Board of Carr Properties (a private REIT), a member of the Real Estate Investment Advisory Committee of ASB Capital (an institutional real estate investment firm), and a member of the Board of the Suburban Hospital Foundation and of the Boys and Girls Clubs of Washington, DC. Owen previously served as a Board member for Columbia Equity Trust and as an Advisory Committee member for multiple private equity funds. Owen holds a JD from The University of Chicago Law School and a B.A. from Hamilton College.
David Chiang is the senior managing director and head of external funds at Soros Fund Management. He oversees private equity, venture capital, hedge funds and real estate for a $30+ billion family office. Previously, Chiang was a managing director at Wilshire Private Markets and also worked as a principal for ACON Investments, a U.S. middle-market buyout firm. Prior to that, he was the vice president at the Government of Singapore Special Investments (GIC). Chiang holds an MBA from the University of California, Los Angeles - Anderson School of Management and a B.A. in busines economics and psychology from Brown University.
John Bullman is the director of investments at the Rosewood Management Corporation, where he leads a team that manages the bulk of the liquid net worth for an ultra high net worth family. He is a voting member of the Investment Committee that reviews all new investments, as well as the Strategy Committee that sets long term asset allocation/return targets and plan of action to accomplish them. Prior to joining Rosewood, he a was senior analyst at the Royal Bank of Canada for nearly seven years, where he advised for their clients with a combined net worth of over $25 billion. Bullman holds a BBA in finance and international business from Baylor University.
Cervantes Lee is the real estate officer of Gupta Family Office (GFO) Companies, a real estate-centric family office investment company. He also serves as the chief investment officer for RedBridge Capital LLC, GFO's student housing investment platform. Cervantes is a seasoned real estate and investment professional with transaction experience exceeds $8 billion. Prior to GFO, he worked for Panda Restaurant Group, CBRE Investors, AIG Global Real Estate, Colony Capital, Arthur Andersen and two years' second lieutenant in the Taiwan Navy. Lee holds an M.S. in real estate development from MIT, an MBA in finance and a B.A. in economics from National Taiwan University. He currently serves as the president of MIT Club of Southern California.
Lauren Pressman is the director of investments at Hillspire, where she focuses on real estate investments. Prior to Hillspire, she was the director of real estate investment at Aspiriant, LLC, an independent wealth management firm with $7 billion under management. Prior to that, she was senior vice president at MacFarlane Partners, where she was responsible for the firm’s urban investment activities in the Bay Area and Pacific Northwest. Pressman holds an MBA from the Stanford Graduate School of Business and a bachelor's degree in Latin American studies from Stanford University.
Nancy Hung is a vice president and investment professional at Cohen Private Ventures, a Stamford, CT, and NYC-based family office. She is responsible for investing long-term capital across direct private equity investments, fund investments, real estate and other opportunistic transactions, as well as managing accounting, finance, monitoring and reporting aspects for Cohen Private Ventures. Previously, she was an assistant vice president at GIC, Singapore's sovereign wealth fund, in the private equity and co-investments group focused on investments in the Americas. Prior to that, she worked in the investment banking M&A group at Credit Suisse in New York. Hung holds a B.A. in economics from Harvard University.
Jonathan Weinstein is the director at Equity Group Investments, where he manages existing real estate assets, and evaluates new investment opportunities across all sectors and levels of the capital structure. Previously, he served as director of investments at Equity Commonwealth, where he focused on underwriting new acquisitions and on dispositions of the firm’s non-core real estate assets. Prior to that, he served as an associate at Square Mile Capital Management and as an investment banking analyst at Deutsche Bank. Weinstein holds a BBA in real estate and finance from the University of Wisconsin.
Jonathan Chang is the managing director at Ophir Capital Group, a Los Angeles-based single family office. At Ophir, he manages and leads all real estate and private equity investments. He oversees the firm’s direct ownership and management of multifamily assets in secondary markets throughout the U.S. Previously, he worked as a venture consultant at Velos Partners assisting with deal flow and due diligence of potential startup investments. Chang holds a bachelor's degree from the University of California, Los Angeles.
Peter Crews is an associate director of real assets at Willett Advisors LLC, which manages the philanthropic assets of Michael Bloomberg, including the assets of Bloomberg Philanthropies. Previously, he was a senior associate of real assets and private equity at Willett and an associate at Morgan Stanley. Crews holds a B.A. in economics from Rice University and attended the London School of Economics and Political Science.
Mark Tronstein is the managing director of real estate at Andell Inc., Prior to Andell, he was the director of Broadreach Capital Partners, where he managed their real estate private equity division. Earlier on in his career, he was an associate at Morgan Stanley specializing in real estate private equity and investment banking. Tronstein holds an MBA in real estate and finance from the Wharton School at the University of Pennsylvania and a bachelor's degree in sociology and business entrepreneurship from the University of Southern California.
Noam Adams is the vice president of private equity at the Vinik Family Office, prominent Florida-based family office. Broad mandate includes direct investments, co-investments and fund investments focused on both operating businesses and real estate. Previously, he was a senior associate at Webster Capital, a private equity firm focused on investments in the consumer and healthcare sectors. Adams holds an MBA in finance and management from the University of Chicago, Booth School of Business, as well as a B.A. in economics and sociology.
Peter Phillips is a managing director at Medley Partners, the private markets investment manager for the foundations affiliated with Jim Simons’ family. At Medley, he manages private equity investments and focuses on fund commitments and co-investment opportunities across private equity, venture capital, real estate and credit strategies. Before joining Medley in 2009, he was an associate at Deutsche Bank Securities focusing on LBO, recapitalization and restructuring transactions across industries within the Leveraged Finance Group. Phillips holds a B.A. in economics from Middlebury College.
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