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June 13 /PRNewswire/ -- Apollo Real Estate Advisors L.P.. one of the most active real estate investors in the U.S. and internationally. has announced several executive appointments. Robert Gigliotti. William McCahill and Steven Wolf have joined the firm as partners in New York. Apollo previously announced that Dean Pentikis. a partner formerly based in New York. has been appointed head of Apollo's Los Angeles office.
Gigliotti. who joined Apollo as a partner after 20 years in the real estate group at GE Asset Management. is focusing on acquisitions for Apollo's domestic opportunity and value-added funds. McCahill. a former Bank of America and Chase Manhattan Bank executive. is a partner concentrating on real estate mezzanine and other debt investments.
Wolf. a founding principal of Westside Capital Advisors LLC. is a partner overseeing Apollo's Value Enhancement Funds. and directing asset management for domestic fund and joint venture investments. He has worked with Apollo on the management of the VEF Funds during the past two years at Westside. Pentikis. now heads the firm's West Coast equity and debt investment business. He replaces Richard Ackerman. who left the firm to form an independent real estate investment and development company.
"This highly experienced and seasoned team reflects the growth of Apollo's business and the success of our funds." said Lee Neibart. Apollo senior partner. "We've raised about $1.5 billion in capital in the U.S. for new investments across several of our funds - opportunity. value-added and mezzanine."
Previously. Gigliotti was managing director in the real estate group of GE Asset Management. a position he held from 1988. He was responsible for the eastern U.S. and Europe. overseeing a portfolio of properties now worth more than $1 billion. Prior to joining GE Asset Management in 1986. he held positions with GE's silicone. turbine and capacitator products divisions. He joined the company in 1978 as a financial analyst. Gigliotti earned an M.B.A. and a B.S. in finance from the University of Connecticut.
Most recently. McCahill was a real estate consultant in New York City advising clients on real estate finance. From 1993 until 2005. he was an executive vice president and senior lending officer at Bank of America and its predecessor Fleet Bank. responsible for a $12 billion real estate loan portfolio. McCahill spent the previous 18 years at Chase Manhattan Bank. where he was senior vice president and New York regional executive managing real estate lending operations. He earned a master's degree in business administration from Fordham University and a bachelor's degree in marketing from the University of Notre Dame.
Prior to founding Westside Capital Advisors in 2003. Wolf held the position of director at Credit Suisse First Boston. Previously. he served as managing director and head of acquisitions for Northeast investments at Federal Realty Investment Trust. From 1990 to 1997. he was senior vice president at Equitable Real Estate Investment Management Inc.. now part of Morgan Stanley. A graduate of Boston University. Wolf received his M.S. degree from New York University.
Before joining Apollo. Pentikis was an executive in the real estate group at Nomura Securities. where he was responsible for structuring and underwriting debt financing. Previously. he was a consultant with Deloitte & Touche Real Estate. focusing on debt and equity analysis. Pentikis began his career in the real estate finance area of the Bank of New York. He graduated with a B.S. in economics from James Madison University.
Apollo Real Estate Advisors is one of the most active and prominent real estate investors in the U.S. and internationally. Apollo specializes in acquiring undermanaged and distressed properties and developing properties in major urban areas throughout the U.S. and Europe. Since Apollo's founding in 1993. the firm has overseen the investment of eight real estate funds totaling more than $5 billion in equity. The firm's Web site is apollorealestate.
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