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Deutsche Debuts in U.S., Jason Lucas Named to Lead Group
Deutsche Finance Group formed Deutsche Finance America, and named Jason Lucas, a veteran commercial real estate executive, to lead the domestic efforts of the German financial services firm and institutional investment manager. Lucas joins after leading Amstar Group, and will be based in Denver.
Deutsche Finance Group’s Dr. Sven Neubauer says, “The United States has always been a very interesting investment market for us, and we think it will continue to offer attractive opportunities. This new platform will provide our investors with direct real estate investments through a company under joint control.”
Deutsche Finance America was set up to execute on direct real estate investments that complement the company’s successful indirect investment activities.
Two weeks ago, Deutsche Finance America closed on its first direct investment in the U.S., with the acquisition of more than 100,000 square feet of vacant office space in New York’s iconic Gucci Building at 685 Fifth Ave., with plans to redevelop the asset.
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