Amherst Names David Schwarz to Lead Commercial Real Estate Strategies | Texas News

Austin, Texas, September 7, 2021 / PRNewswire / – The Amherst Group (together with its subsidiaries and affiliates, “Amherst“or” the Company “), a vertically integrated real estate investment, development and operations company David Black how Head of Commercial Real Estate Strategies. Schwarz leads the expansion of Amhersts Commercial Real Estate (“CRE”) – Business through further development of the existing lending business and leverage Amhersts Industry leading expertise in introducing new products and lines of business in real estate bonds and equity. He will also manage the company’s open credit fund, Commercial Real Estate Senior Transitional Loan Fund LP. Black participates Amherst from Colony Capital Inc. (now DigitalBridge Group Inc.), most recently as Managing Director and head of Colony’s extensive hospitality platform.

“We have enormous ambitions at Amherst, and a key component in diversifying our platform and achieving our goals is expanding our commercial real estate presence, “commented Sean Dobson, Chief Executive Officer of Amherst. “With a strong track record, a core CRE team with a long track record and an extensive line of strategic partners, the company is poised for significant expansion. David’s leadership skills and broad experience in all investment strategies will help us catalyze this next major growth phase for us Amherst and our stakeholders. “

Black brings to Amherst many years of investment experience in commercial real estate. During his decades with Colony Capital, Schwarz oversaw all functions of the hospitality business, including the acquisition and management of the 245 real estate portfolio. Previously at Colony, Schwarz led investment activities for the company’s line of opportunistic loan funds focused on distressed real estate opportunities. At the beginning of his career, Schwarz was a Principal at Warburg Pincus and previously worked for the Carlyle Group.

“I’m incredibly excited to join such a rapidly growing platform and help, to help Amhersts Development within the commercial real estate industry, “said Schwarz.”Amherst is eager to expand into new businesses beyond its existing residential and credit platforms and has demonstrated its ability to implement innovative strategies. Market shifts create new opportunities across the real estate landscape, and Amhersts vertically integrated platform will enable him to benefit from these opportunities and offer his investors and partners differentiated investment solutions. “

Amhersts In the commercial real estate loan strategy, first-lien mortgages are granted for transitional properties in the office, retail, multi-family, industrial, mixed-use and hotel sectors. Amhersts The vertically integrated platform is powered by an orderly credit process, quantitative modeling and an experienced investment team with extensive experience in sourcing, underwriting, closing and managing credit across various market cycles.

Above Amherst

Amherst has a mission to transform the way real estate is owned, financed and managed. Amherst uses its proprietary data, analysis, technology, and decades of experience to find solutions to a fragmented, slowly evolving real estate ecosystem, and to significantly improve the experience for residents, buyers, sellers, communities and investors. today Amherst has over 900 employees and $ 10.9 billion in assets under management. *

For the past decade Amherst has scaled its platform to become one of the most expansive providers of quality and affordable single family homes in dozens of communities across Europe The United States. Building on a long tradition of working with residents to promote living stability, Amherst has acquired and leased more than 40,000 apartments, renovated over 34,000 apartments and manages existing leases in 28 markets (30 cities) in The United States. The company offers its investors customized, stabilized, cash flow portfolios of assets that are included with the ongoing services necessary to manage, own and fund the assets, including property administration, portfolio management and a full capital markets team. In addition to its single-family rental platform Amhersts The debt business pursues two different credit strategies: a mortgage-backed securities portfolio and a commercial property portfolio focused on transitional loans. In its 27 year history Amherst has developed a large number of research and technology talents, utilizing data and analysis at every stage of the asset lifecycle to improve operations, maintain long-term value for investors, and provide a great experience to the more than 181,000 residents the company has served to offer.

*Away June 30, 2021

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SOURCE Amherst Group