BentallGreenOak Expands with Austin, TX Office | GlobeSt

AUSTIN, TX – International actual property funding administration advisor and actual property providers supplier, BentallGreenOak has expanded its presence to Austin, TX with the opening of a brand new workplace.

The Austin workplace will probably be led by the agency’s newly-hired managing director and head of Texas protection, Mike Leifeste.

BGO’s enlargement all through the US has elevated its consumer base and funding exercise, primarily all through the Sunbelt states. Inside Texas, the agency manages greater than $2.3 billion in business actual property and land for improvement; greater than 90% of which is within the industrial and multifamily sectors. The corporate intends to greater than double that worth within the coming years.

Inside his new position, Leifeste will give attention to deepening BGO’s regional investor relations actions and he’ll function a essential touch-point for all Texas acquisitions. He may even work to develop new working and developer accomplice relationships.

For the previous seven years, Leifeste served as head of actual property and actual belongings at Texas Treasury Safekeeping Belief Co. He labored in numerous capacities at TTSTC for the previous 24 years. As head of actual property and actual belongings, Leifeste was liable for the agency’s 15% allocation to actual belongings and personal fairness power investments, together with a portfolio of actual property, personal fairness and personal credit score funds that comprised greater than 85 funds and greater than $2 billion in commitments.

“Mike brings super data and functionality to our crew in a area of serious significance to our agency, and we’re keen to determine our presence within the area below his sturdy management,” states John Carrafiell, co-CEO and founding member of BentallGreenOak. “We share with Mike a typical tradition of client-centricity and a perception within the significance of investing in native functionality to convey our investor shoppers nearer to the motion.”

“I’m happy to be becoming a member of BentallGreenOak at an thrilling and excessive progress interval for the agency, with a transparent and bold mandate for growing our investor and accomplice relationships, and an actual property portfolio that’s constructed to reply to the financial and social aspirations of the state of Texas, now and into the long run,” says Leifeste.

Leifeste provides, “BGO’s well timed presence in Austin will allow us to attract on the energy of our native relationships and data base to ship outcomes that bode effectively for our investor-clients, our future tenants and residents, and the broader communities during which they may reside.”