Canada’s $21B Otera Capital Opens New York Office as Firm Boosts Focus on U.S. CRE Financings

Canada’s Otera Capital, a $21-billion in assets major commercial real estate player that has lately been especially active in commercial real estate financing in the United States, has opened an office in New York City, which will be led by Alfred Trivilino, Managing Director, U.S. Real Estate Credit.  

Otera is a unit of Quebec’s giant public pension fund Caisse de dépôt et placement du Quebec that in recent years has transformed itself into a global asset manager with more than $330 billion under management and a fast-growing presence in CRE finance worldwide 

The New York office will focus on commercial real estate financing opportunities as well as developing and maintaining relationships with “top tier stakeholders in real estate investments in the U.S,” according to a statement issued by Otera. The new office will also provide advisory services to Otera’s Canadian Investment Team on a variety of U.S. credit investments consisting of construction, bridge and term loans. 

The addition of the New York office will strengthen Otera’s presence in the U.S. and facilitate the delivery of even more personalized services to their clients, Otera said. 

 “We are delighted to have Alfred’s leadership and experience to assist us in the execution of our growth and diversification strategy” said Paul Chin, Otera’s EVP and CIO. “He brings strong relationships and extensive experience in all types of real estate financings, as well as an in-depth knowledge of the major U.S. real estate markets and stakeholders.”