AUSTIN, Texas, November 28, 2022–(Business WIRE)–Palladius Capital Management (“Palladius”), a vertically-built-in actual estate investment manager concentrated on pursuing multifamily, university student housing, hospitality and select thematic expenditure tactics, nowadays declared the appointment of experienced actual estate and finance executive Afshin Kateb as Chief Financial Officer and Head of Hospitality Investments. In his new roles, Kateb, centered out of Palladius’ Los Angeles workplace, is accountable for overseeing the firm’s finance, accounting and chance management departments as nicely as its multifamily asset administration workforce. He also serves as a member of the firm’s expenditure committee and heads the hospitality financial investment arm of Palladius and its sister funds.
This press release attributes multimedia. Watch the whole release below: https://www.businesswire.com/news/house/20221128005482/en/
Afshin Kateb (Image: Small business Wire)
Mr. Kateb delivers 25 yrs of actual estate investing, functioning and finance knowledge to Palladius. More than the class of his distinguished occupation, he has led or co-led in excess of $2 billion in resort, multifamily, business, retail and mixed-use transactions, and founded a monitor record of producing solid danger-altered returns. Mr. Kateb has also cultivated a huge community of business relationships that will benefit Palladius as it improvements its strategic priorities. Prior to signing up for Palladius, Mr. Kateb served as the founding CFO of Nimes Serious Estate, in which he worked intently with associates of Palladius’ executive management staff.
“Having collaborated with Afshin for almost a 10 years, I have no doubt his deep being familiar with of industrial authentic estate, knowledgeable views in finance and accounting and various skillset will enable produce huge price for Palladius and our traders,” said Chexal. “Afshin joins Palladius at a pivotal time as we prepare to accelerate our rapid progress via the introduction of new merchandise and financial commitment procedures. We see sizeable option to capitalize on the dislocation in the marketplace and have assembled a very best-in-class crew to guarantee we are ready to execute with precision.”
As CFO of Nimes Serious Estate, Mr. Kateb managed the finance department, together with accounting, tax, inner and external reporting, treasury and income administration, hazard management, asset and undertaking management, and economic setting up and investigation. He was also a senior member of the firm’s financial commitment committee and was instrumental in overseeing a portfolio of multifamily, student housing and hospitality assets. Mr. Kateb beforehand served as CFO and Principal at SBE, giving strategic economic and operational oversight for the growth of the firm’s hospitality portfolio into markets these types of as Miami, New York and Las Vegas.
Prior to this, Mr. Kateb served as Senior Vice President and Fund Portfolio Manager at Lowe Enterprises Investors, keeping duty for the operational and economic asset administration of the Lowe Hospitality Investment Companions lodge-focused discretionary commingled fund. Mr. Kateb earlier served as founding CFO and executive member of The KOR Team, an institutional professional true estate system concentrating on hotel, multifamily, and combined-use development investments. He also served as a Senior Administration Guide at Ernst & Younger, where he labored on nationwide and global industrial genuine estate initiatives, and Corporate Controller at Maruko Inc., in which he oversaw a large portfolio of multifamily, lodge, workplace and retail qualities.
“Palladius has realized extraordinary advancement since launching a lot less than a calendar year and a half back,” mentioned Mr. Kateb. “This success is a immediate end result of the gifted people today driving the system and their innovative tactic to investing. The workforce has built a differentiated platform that is poised for extensive-time period progress, and I could not be more fired up to aid condition the firm’s following chapter of good results. The opportunity to be a part of shut friends who I have labored with for a long time and share the same values with was some thing I could not move up.”
Mr. Kateb currently serves on the boards of Woodbury College, Cal Poly Pomona Collins Faculty of Hospitality Administration and Mogul Recruiter and is a typical visitor lecturer at the UCLA Anderson College of Management, the College of California Berkeley, and Cal Poly Pomona. He retains a Doctorate in Organization Administration from Grenoble Ecole de Administration, France a Learn of Small business Administration from Pepperdine College and a Bachelor of Science in Accounting from Woodbury College.
About Palladius Money Administration
Palladius is a tactical authentic estate financial investment manager that leverages institutional very best methods, technological innovation and operational skills to push price creation for institutional and specific investors. Led by a workforce of business actual estate, finance and technology veterans, Palladius pursues worth-include and main-as well as approaches targeting multifamily, pupil housing, hospitality and other thematic expense procedures by its affiliate marketers. Primarily based in Austin, TX, Palladius manages and operates somewhere around $600 million of genuine estate throughout the U.S. and is concentrated on creating a very progressive platform that promotes variety and inclusion. To study a lot more, stop by www.palladius.com.
Check out source edition on businesswire.com: https://www.businesswire.com/news/dwelling/20221128005482/en/