May 10, 2017 — TH Real Estate, one of the world’s largest real estate investment managers with $97bn in AUM, has appointed two senior executives to its debt team, in newly created roles. Mike Jameson, Managing Director based in San Francisco, is responsible for originating commercial real estate debt transactions in the western US, and Rick Dugoff, Managing Director based in New York City, is a senior portfolio manager responsible for real estate debt.
Prior to joining TH Real Estate, Mike was a Managing Director with Prudential Mortgage Capital Company. He spent 26 years at the firm, acting in various capacities including managing the firm’s third-party commercial mortgage asset management business. Prior to that role, Mike was responsible for loan originations across a number of western states.
Mike earned a BA in Economics from the University of California at Davis and an MBA from the Haas School of Business at the University of California at Berkeley. Mike holds several FINRA licenses and is a previous Chair of the San Francisco District Council of the Urban Land Institute.
Rick has over 27 years of commercial real estate investment experience. Prior to joining TH Real Estate, he was Managing Director and Head of Real Estate Debt at JP Morgan Asset Management. Rick was responsible for strategy, portfolio management, originations and asset management for the firm’s flagship open-ended real estate debt fund as well as a series of separate accounts and other pooled vehicles. Earlier in his career, Rick worked at Related Companies and Chemical Bank where his responsibilities included acquisitions, development and structured finance, as well as lending and workouts.
Rick holds a BS from Cornell University and an MBA from Columbia Business School. He is a member of Commercial Real Estate Finance Council, Pension Real Estate Association and the Urban Land Institute.
“Mike and Rick are seasoned industry veterans and have extensive experience with launching and growing third party institutional real estate debt products,” said Jack Gay, TH Real Estate’s Global Head of Debt. “Their backgrounds, industry relationships and skill sets will be extremely valuable as we enhance our debt product offerings and expand our global real estate debt platform.”
TH Real Estate ended 2016 with a commercial loan portfolio of $20.4 billion across the industrial, office, retail, and multifamily/student housing sectors. The firm has also launched a floating-rate commercial real estate lending program with a target size of $500m to compete with the growing CMBS market. Loans are primarily made to opportunistic borrowers who plan to acquire stabilized properties and hold them for a short term. TH Real Estate’s mezzanine debt program, also targets core assets in major markets and includes JVs with foreign investors such as the Korean Teacher’s Credit Union.
About TH Real Estate
TH Real Estate, an investment affiliate of Nuveen (the investment management arm of TIAA), is one of the largest real estate investment managers in the world with $97 billion in AUM (as of December 31, 2016). Managing a suite of nearly 80 funds and mandates spanning both debt and equity across diverse geographies, sectors, investment styles and vehicle types, the firm provides access to every aspect of real estate investing. With offices in 20 cities throughout the US, Europe and Asia-Pacific, over 500 professionals and 70 years of investing experience, the platform offers deep local expertise coupled with a sophisticated global perspective. TH Real Estate’s investment, asset management and corporate strategies grow from a deep understanding of the structural trends that will shape the future of real estate and responsible investing beyond market cycles. This ‘Tomorrow’s World’ approach sits at the core of our investment process and business operations, informing our long-term view of real estate investments for the enduring benefit of both clients and society. www.threalestate.com