QuadReal adds to benchstrength of its Real Estate Debt team on both sides of Canada/U.S. border
QuadReal is announcing the leadership of its expanding Real Estate Debt team, which is based in Toronto, ON, New York, NY and Victoria, BC—with the continued goal of enhancing the performance and breadth of the program it manages. The program today is $7 billion and is expected to grow to over $10 billion by 2022. The team has a 20-year track record of delivering market exceeding returns to BCI and its clients.
Jim Ward joins QuadReal as a Managing Director and the Head of Canadian Real Estate Debt. Jim is based in Toronto. He brings to the team over 30 years of experience in the commercial real estate and mortgages industry in Canada. Most recently he was Senior Vice President and Head of the Canada Division, Real Estate Banking for Wells Fargo. Jim was responsible not only for spearheading the firm’s expansion into Canada, he uniquely positioned the company as the go-to lender for pension plans in Canada, the U.S. and the UK.
Prashant Raj joins QuadReal as a Managing Director and the Head of U.S. Real Estate Debt. Prashant is based in New York. He brings 20 years of experience in commercial real estate capital markets and lending to the team. Prashant was formerly a Senior Managing Director of Guggenheim Partners, where he also held senior positions including Head of Guggenheim Commercial Real Estate Finance and Head of Commercial Real Estate Capital Markets and Special Situations. He started his career at Donaldson, Lufkin & Jenrette in 2000 in the Commercial Mortgage Group and has held various roles at Credit Suisse Securities.
“Jim and Prashant join us with very deep experience and a creative approach to real estate debt investing,” said Dennis Lopez, CEO of QuadReal. “Expanding to Toronto and New York significantly extends the reach of our Debt team. This depth of expertise combined with our equity platform enables QuadReal to invest across the capital stack, in both the public and private markets.”
Funds are quoted in Canadian dollars.
Headquartered in Vancouver, Canada, QuadReal Property Group is a global real estate investment, operating and development company. QuadReal manages the real estate equity and debt programs of British Columbia Investment Management Corporation (BCI), one of Canada’s largest asset managers with a $171.3 billion portfolio.
QuadReal manages a $44.2 billion portfolio spanning 23 Global Cities across 17 countries. The company seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence Lives Here
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