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New York People and Company News, Week of July 26, 2024
- ACORE Capital, LP, one of the leading U.S. commercial real estate debt managers, has expanded its senior leadership team with the appointment of Matt Drummond as senior managing director and head of high-yield strategies. In this newly created role, Drummond is responsible for leading ACORE’s high-yield strategies and working with the firm’s 28-person originations team to deploy capital across the higher yielding components of the capital stack. He is based in New York City and joins ACORE from Affinius Capital, where he co-led its opportunistic and preferred equity strategies.
- Maxwell Breed has joined Pryor Cashman as a partner in the real estate litigation practice, based in New York. Breed comes to Pryor Cashman from Warshaw Burstein, where he was a partner, member of the management committee and co-chair of the litigation group.
- Kensington Vanguard National Land Services, one of the largest independent, full-service national title insurance agencies in the country, said Jim Leyritz has joined the company in its New York office. Leyritz brings more than a decade of experience in the title insurance industry and serves on the board of several nonprofit charities. Prior to title insurance, he had a 15-year professional Major League Baseball career including being a three-time World Series champion with the New York Yankees.
- Pretium, a specialized investment firm with more than $50 billion in assets under management, has added Liz Bowyer as a senior managing director to lead corporate affairs, overseeing external communications, content strategy, and corporate impact. Bowyer joins Pretium from Hertz, where she served as EVP of corporate affairs. From 2014 to 2021, she was a managing director at Goldman Sachs, overseeing the company’s brand and content strategy.
- Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, has entered into a definitive agreement to acquire all outstanding common shares of Arvida Group Limited, one of New Zealand’s largest retirement and aged care providers, in an all-cash transaction valued at approximately US$1.25 billion, including the assumption of debt. Arvida has grown rapidly since its formation in 2014 and is now the fourth largest operator of retirement villages in the country with 35 villages throughout New Zealand.
- ROH, reportedly the hospitality industry’s first payments and revenue management platform designed to help hotels increase profitability, announced that more than $100 million in booking value has run through the platform as hotel operators, owners and brands tap the integrated platform for better business outcomes. The $100 million in booking value is derived from hotels utilizing ROH across revenue streams including group bookings, meetings and events, corporate and social catering, leisure sales, and small group sales.
- ◦People
