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California People and Company News, Week of June 14, 2024
- ACORE Capital, LP, one of the leading U.S. commercial real estate debt managers, has appointed Michael Wilkinson as CFO and Brian Abbott as head of asset management. Prior to joining ACORE, Charlotte-based Wilkinson served as executive director in the Financial Institutions Investment Banking group at Wells Fargo Securities. Los Angeles-based Abbott comes to ACORE from advisory firm Bellwether Asset Management, where he served as managing director.
- Evan Kantor has been named head of the commercial investment group at global real estate company Kennedy Wilson, with responsibility for leading the commercial investment business in the U.S. Prior to joining Beverly Hills-based Kennedy Wilson, the 20-year industry veteran was a managing director of Kildare Partners, a global real estate investment management company, where he helped launch the company’s North American real estate investment platform. Kantor previously served as managing director – acquisitions and asset management at Kennedy Wilson, where he led investment deals for the commercial group.
- Caleb Williams, the first player selected in the 2024 National Football League draft by the Chicago Bears, has formed 888 Midas, a new partnership that seeks to associate with and capitalize on select alternative investments in private equity, venture capital and real estate. Williams’ partners in the Beverly Hills-based investment and business advisory vehicle include Sherif Guirgis, former managing director at Main Street Advisors; Ross Walker, co-founder and managing partner of Hawkins Way Capital; John Terzian, co-founder and co-president of The h.wood Group; and Lew Wolff, chairman of Wolff Urban, a longstanding real estate development and management firm.
- Dunmor, a private money lender specializing in residential real estate investment loans, added two industry veterans from the business-purpose lending sector to its leadership team: Tuan Pham, former chief marketing officer at CoreVest Finance, and Steve Huff, former director of business operations at Wedgewood, a former parent company to Civic Financial Services. Los Angeles-based Dunmor provides short-term bridge loans, fix-and-flip loans, ground-up construction loans and rental financing for residential and multifamily investment properties.
- Pasadena-based ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, said the company’s Essential Income REIT has entered into a credit facility with Wells Fargo, closing on the first $75 million of the revolving line of credit. The credit facility may be increased to $400 million upon request of the Essential Income REIT, subject to receipt of commitments for the increased amount.
- Archer, a data-driven real estate tech firm headquartered in San Francisco, said it has provided new tools in its multifamily technology platform that are designed to enhance deal sourcing, automating analysis and team collaboration for commercial real estate professionals. The new tools are intended to enable investors, brokers and lenders to make smarter deal decisions informed by predictive analytics. Archer has raised capital from real estate firms and proptech investors. The most recent round was led by Portland Seed Fund with a strategic investment from Marcus & Millichap.
- CalPERS, California’s public sector pension and health benefits agency, has made a $100-million investment in the Nuveen Real Estate U.S. Affordable Housing Strategy. Launched in 2023, Nuveen’s U.S. Affordable Housing Strategy seeks to generate strong risk-adjusted returns and build resilience among communities in the U.S. through access to safe, quality affordable housing.
- FirstService Residential has acquired San Francisco-based CitiScape Property Management Group. Founded in 1999, CitiScape is a leading provider of residential and commercial association management services in the San Francisco market.
- Nadia Geller Designs has completed the interior design installation at Cityview’s Jasper, an apartment development in Los Angeles. Located at 2528 S. Grand Ave. in Los Angeles, on the northeast corner of W. Adams Boulevard and Grand Avenue, Jasper encompasses 282,400 square feet in the newly revitalized University Park East neighborhood. Construction of the multifamily development began in June 2019, with its completion in July 2023.
- ◦People
