Amherst Appoints David Schwarz as Head of Commercial Real Estate Strategies | State
AUSTIN, Texas, September 7, 2021 / PRNewswire / – The Amherst Group (and its subsidiaries and affiliates, “Amherst“or” the Company “), a vertically integrated real estate investment, development and operation company, has appointed David Schwarz like Head of commercial real estate strategies. Schwarz will lead the expansion of Amherst the commercial real estate activity (“CRE”) by further developing the existing credit activity and by exploiting Amherst cutting-edge expertise to launch new products and business segments in both real estate debt and equity. In addition, he will manage the company’s open-ended debt fund, Commercial Real Estate Senior Transitional Loan Fund LP. Schwarz joins Amherst of Colony Capital Inc. (now DigitalBridge Group Inc.), most recently as Managing Director and Head of Colony’s extensive hospitality platform.
âWe have great ambitions to Amherst, and a key element in diversifying our platform and achieving our goals is to expand our commercial real estate footprint â, commented Sean dobson, CEO of Amherst. âWith a strong track record of performance, a core CRE team with long experience and a wide range of strategic partners, the company is poised for significant expansion. David’s leadership abilities and extensive experience in investment strategies will help us catalyze this next important growth phase for Amherst and our stakeholders. “
Schwarz brings to Amherst extensive investment experience in commercial real estate. During his ten-year tenure at Colony Capital, Schwarz oversaw all functions of the hospitality business, including acquisitions and portfolio management of 245 properties. Previously at Colony, Schwarz led investment activities for the company’s series of opportunistic credit funds focused on distressed real estate opportunities. Earlier in his career, Schwarz was a director at Warburg Pincus and previously worked for the Carlyle Group.
âI’m incredibly excited to join a fast growing platform and help guide Amherst developments within the commercial real estate industry, âsaid Schwarz.Amherst is committed to expanding into new businesses beyond its existing residential and credit platforms and has proven its ability to implement innovative strategies. Market developments create new opportunities across the real estate landscape, and Amherst vertically integrated platform will allow it to capitalize on these opportunities and offer differentiated investment solutions to its investors and partners. “
Amherst The commercial real estate lending strategy creates first mortgages on transitional properties in the office, retail, multi-family, industrial, mixed-use and hotel sectors. Amherst The vertically integrated platform is driven by a regulated credit process, quantitative modeling and a seasoned investment team with extensive experience in research, underwriting, closing and managing all loan assets. throughout the different market cycles.
Amherst mission is to transform the way real estate is owned, funded and managed. Amherst leverages its proprietary data, analytics, technology and decades of experience to research solutions for a fragmented and slow-moving real estate ecosystem and to dramatically improve the experience for residents, buyers, sellers, communities and investors. Today Amherst has more than 900 employees and $ 10.9 billion in assets under management. *
Over the past decade, Amherst has evolved its platform to become one of the leading providers of high quality, affordable single family homes in dozens of communities across United States. Built on a long tradition of working with residents to promote housing stability, Amherst has acquired and leased more than 40,000 homes, renovated more than 34,000 homes and manages existing leases in 28 markets (30 cities) in United States. The company offers its investors personalized, stabilized, cash-flow asset portfolios wrapped in the ongoing services needed to manage, own and finance the asset, including property management, portfolio management and a full team. capital markets. In addition to its single-family rental platform, Amherst the debt industry pursues two distinct lending strategies: a portfolio of mortgage-backed securities and a commercial real estate portfolio focused on transitional loans. During its 27 years of history, Amherst has developed a broad spectrum of research and technology talent and leverages data and analytics at every stage of the asset lifecycle to improve operations, preserve long-term value for investors, and deliver a superior experience to over 181,000 residents the company served.
*Dated June 30, 2021
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SOURCE Amherst Group