Blackstone Mortgage Trust
Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe and Australia.
Our manager’s global presence and dynamic capabilities enable us to identify opportunities with conviction and partner with leading sponsors and financial institutions.
Floating Rate Senior Lending
Our mortgage loan portfolio is well positioned for yield and value preservation in various rate and credit environments.
Our large scale, high quality business drives efficiently priced and well structured financing with an emphasis on long term stability.
BXMT is sponsored by the largest owner of commercial real estate globally
Blackstone is the largest alternative asset manager
assets under management, including $320B in our Real Estate business
Blackstone Real Estate’s portfolio
in global value
Note: All figures as of September 30, 2022 unless otherwise indicated.
Our $26.1 billion portfolio is predominantly comprised of loans on major market assets with top sponsors and is well diversified across asset classes and geographies.
BILLION SENIOR LOAN PORTFOLIO
W.A. Origination LTV
As of September 30, 2022. States comprising less than 1% of total loan portfolio are excluded.
New Multifamily Development
$500 million whole loan secured by a newly developed multifamily property in Brooklyn, NY. The waterfront building is highly-amenitized and well-located, with 30% of the apartments designed as affordable.
Huntington Beach, CA
$156 million floating rate, first mortgage loan secured by a newly-built beachfront hotel located in Huntington Beach, CA. The property is anchored by an irreplaceable location, generating robust transient and group demand.
Our Manager is part of Blackstone’s leading real estate platform, which has $319 billion of investor capital under management.
Last Dollar LTV
Executive and Other Senior Officers
Executive Chairman of the Board of Directors and Global Chairman of BREDS
Michael B. Nash has been a Director since 2012 and is the Executive Chairman of the Board. Mr. Nash is a Senior Managing Director of Blackstone and the Chairman of Blackstone Real Estate Debt Strategies. He is also a member of the Real Estate Investment Committee for both Blackstone Real Estate Debt Strategies and Blackstone Real Estate Advisors. Mr. Nash has also served as a trustee of three registered investment companies in the Blackstone Real Estate Income Fund complex since October 2013. Mr. Nash is also a member of the Board of Directors of Hudson Pacific Properties, Inc. Before joining Blackstone in 2007, Mr. Nash was with Merrill Lynch from 1997 to 2007 where he led the firm’s Real Estate Principal Investment Group—Americas. Prior to joining Merrill Lynch, Mr. Nash was a Senior Vice President at Barclays Bank, where he worked from 1991 to 1997 in the bank’s loan restructuring group. Prior to Barclays, he originated and structured real estate loans for Bank of Nova Scotia. Additionally, Mr. Nash worked at Deloitte & Touche serving brokerage and other institutional clients. Mr. Nash graduated from State University of New York at Albany and received an M.B.A. from the Stern School of Business at New York University.
Chief Executive Officer and Senior Managing Director
Katie Keenan is Chief Executive Officer of Blackstone Mortgage Trust, a publicly-traded commercial mortgage REIT managed by Blackstone, and a Senior Managing Director in the Blackstone Real Estate Debt Strategies group. Ms. Keenan is a member of the Real Estate Investment Committee for both Blackstone Real Estate Debt Strategies and Blackstone Real Estate Advisors, and is based in New York.
Before joining Blackstone in 2012, Ms. Keenan held positions at G2 Investment Group, Lubert-Adler Real Estate Funds and in the Real Estate Investment Banking Group at Lehman Brothers.
Ms. Keenan graduated cum laude with an A.B. in History from Harvard College. She is a member of the Board of Directors of Getting Out and Staying Out, sits on the Advisory Board of NYPEN Real Estate and is a member of WX New York Women Executives in Real Estate.
Global Head of Blackstone Structured Finance and Senior Managing Director
Jonathan Pollack is the Global Head of Blackstone Structured Finance, which includes Blackstone Real Estate Debt Strategies and Asset Based Finance. Structured Finance originates loans and invests in securities across a variety of asset finance markets, including commercial and residential real estate, consumer finance, transportation and digital infrastructure. Mr. Pollack joined Blackstone in 2015, and previously served as the Global Head of Blackstone Real Estate Debt Strategies. Prior to joining Blackstone, Mr. Pollack was a Managing Director and Global Head of Commercial Real Estate at Deutsche Bank, which he joined in 1999. Mr. Pollack received a BA in Economics from Northwestern University. He currently serves on the Board of Trustees of the East Harlem Tutorial Program.
BX Global Co-Head of Real Estate and Senior Managing Director
Kenneth A. Caplan is a Senior Managing Director and Global Chief Investment Officer of the Real Estate Group. Since joining Blackstone in 1997, Mr. Caplan has been involved in over $100 billion of real estate acquisitions and initiatives in the United States, Europe and Asia. These include major acquisitions such as Equity Office Properties, Hilton Hotels, Trizec Properties and La Quinta. Prior to his current role, Mr. Caplan was Head of Real Estate Europe. Before joining Blackstone, he was at Lazard Frères & Co. in the real estate investment banking group. Mr. Caplan received an A.B. in Economics from Harvard College, where he graduated magna cum laude, was elected to Phi Beta Kappa and was a John Harvard Scholar. He currently serves on the Board of Trustees of Prep for Prep.
BX Global Co-Head of Real Estate and Senior Managing Director
Kathleen McCarthy is a Senior Managing Director and Global Chief Operating Officer of the Blackstone Real Estate group. She is based in New York. Ms. McCarthy oversees Real Estate Investor Relations and Business Development, Human Resources, Legal & Compliance and Finance. Previously she was responsible for marketing Blackstone’s real estate private investment funds. Before joining Blackstone in 2010, Ms. McCarthy worked at Goldman Sachs, where she was a Vice President focused on investments for the Real Estate Principal Investment Area. Ms. McCarthy began her career at Goldman Sachs as an Analyst in the Mergers & Strategic Advisory Group within the Investment Banking Division. Ms. McCarthy received a BA with Distinction from Yale University.
Head of Real Estate Americas and Senior Managing Director
Nadeem Meghji is a Senior Managing Director in the Real Estate group and Head of Real Estate Americas. Mr. Meghji has played a leadership role in Blackstone’s investment activity in the US, including the acquisition of Stuyvesant Town-Peter Cooper Village, Biomed Realty Trust, and Brixmor Property Group. Before joining Blackstone in 2008, Mr. Meghji worked as an associate at the Lionstone Group. Mr. Meghji received a BS in Electrical Engineering from Columbia University, where he graduated summa cum laude. He received a JD from Harvard Law School and an MBA from Harvard Business School. Mr. Meghji serves as a board member for the Lupus Research Alliance and is the Co-Chair of the annual Rally Against Lupus fundraiser. Mr. Meghji was named a World Economic Forum Young Global Leader in 2018.
Senior Managing Director
Stephen Plavin is a Senior Managing Director of Blackstone’s Real Estate Debt Strategies group and oversees its business in Europe. Mr. Plavin is a member of the Real Estate Investment Committee for both Blackstone Real Estate Debt Strategies and Blackstone Real Estate Advisors, and he is based in New York.
Before joining Blackstone, Mr. Plavin was Chief Executive Officer of Capital Trust, Inc and CT Investment Management Co., LLC, a commercial real estate debt investment manager and rated special servicer that was wholly owned by Capital Trust and acquired by Blackstone in December 2012. Prior to joining Capital Trust in 1998, Mr. Plavin was co-head of Global Real Estate for The Chase Manhattan Bank and Chase Securities Inc.
Mr. Plavin received a B.A. from Tufts University and an M.B.A. from the J.L. Kellogg Graduate School of Management at Northwestern University.
Global Head of BREDS and Senior Managing Director
Timothy Johnson is a Senior Managing Director and Global Head of Blackstone Real Estate Debt Strategies, based in New York. Mr. Johnson is responsible for overseeing Blackstone’s commercial and residential real estate debt investment strategies and is also a member of the firm’s real estate investment committee. Before joining Blackstone in 2011, Mr. Johnson was a co-founder of BroadPeak Funding, a boutique commercial real estate finance company based in Los Angeles. Prior to founding BroadPeak, Mr. Johnson was a Vice President in the Lehman Brothers Global Commercial Real Estate Group where he worked from 2002-2008. While at Lehman his responsibilities included sourcing, structuring, underwriting and executing large structured finance transactions as well as select equity investments. Mr. Johnson received a BA in Mathematics from the College of the Holy Cross where he graduated cum laude.
Head of BX Real Estate US Asset Management and Senior Managing Director
Rob Harper is a Senior Managing Director and Head of U.S. Asset Management in the Real Estate group. Since joining Blackstone in 2002, Mr. Harper has been involved in analyzing Blackstone’s real estate equity and debt investments in all property types. Mr. Harper has previously worked for Blackstone in Los Angeles and London, where he served as Head of Europe for the Blackstone Real Estate Debt Strategies business. Prior to joining Blackstone, Mr. Harper worked for Morgan Stanley’s real estate private equity group in Los Angeles and San Francisco. Mr. Harper received a BS from the McIntire School of Commerce at the University of Virginia.
Senior Managing Director
William Skinner is a Senior Managing Director and Global Chief Operating Officer of Blackstone Real Estate Debt Strategies. Since joining Blackstone in 2013, Mr. Skinner has been involved in over $100 billion of real estate transactions including the financing of Invitation Homes, Logicor, Indcor, GE Real Estate, Office First, Equity Office Properties, Sponda, Brixmor, BRE Select and Hilton. Mr. Skinner has previously worked for Blackstone in London where he served as Head of European Capital Markets.
Prior to joining Blackstone, Mr. Skinner worked at Goldman Sachs where he was an Associate in the Real Estate Investment Banking Group.
Mr. Skinner received a BA from Princeton University and a MBA from Wharton, where he graduated as a Palmer Scholar and received the Robert Linneman Memorial Fellowship and Jerome Freedman Memorial Award.
Senior Managing Director
Mike Wiebolt is a Senior Managing Director in the Blackstone Real Estate Debt Strategies group, where he is involved in investments in liquid real estate debt.
Before joining Blackstone, Mr. Wiebolt was a Vice President at Goldman, Sachs & Co. While at Goldman, Sachs, Mr. Wiebolt was most recently responsible for trading high yield CMBS and CRE CDOs.
Mr. Wiebolt holds a BA in History from Carleton College, where he graduated magna cum laude and was elected to Phi Beta Kappa. Mr. Wiebolt also received a Master’s in Business Administration from the Columbia Graduate School of Business.
Anthony Marone, Jr
Chief Financial Officer and Managing Director
Anthony F. Marone, Jr. serves as our Chief Financial Officer and has previously served as our Principal Accounting Officer since 2013 and as our Controller since 2008. Mr. Marone is also a Managing Director and the Chief Financial Officer of Blackstone Real Estate Debt Strategies, which encompasses all of Blackstone’s commercial real estate debt investment vehicles, including the Company. Before joining Blackstone in 2012, Mr. Marone was a Vice President and Controller of Capital Trust, Inc. whose wholly owned manager was acquired by Blackstone in December 2012. Previously, Mr. Marone worked in the Real Estate Assurance practice of PricewaterhouseCoopers LLP, where he provided audit and other assurance services to various real estate companies. Mr. Marone received a B.S. and an M.B.A. from Rutgers University and is a Certified Public Accountant and Chartered Global Management Accountant.
Executive Vice President, Investments and Managing Director
Austin Peña is a Managing Director in the Blackstone Real Estate Debt Strategies Group. Mr. Peña is involved in sourcing, underwriting and structuring commercial real estate debt investments across all asset types.
Prior to joining Blackstone in 2013, Mr. Peña worked at Barclays in the Real Estate Investment Banking Group, where he was involved in advising REITs and other real estate companies on mergers and acquisitions, restructurings and capital markets transactions. Prior to joining Barclays, Mr. Peña worked in a similar capacity at Lehman Brothers.
Mr. Peña graduated magna cum laude with a BS in Economics from the University of Pennsylvania.
Chief Legal Officer and Secretary
Leon Volchyok has served as our Chief Legal Officer and Secretary since January 2016. Mr. Volchyok is a Managing Director in Blackstone’s Real Estate group, based in New York. He plays a key role in the structuring, launch and operations of the Real Estate group’s public vehicles, handles the legal affairs for the Real Estate Debt Strategies group and is involved in a number of other legal initiatives throughout the business. He also serves as Chief Legal Officer and Chief Compliance Officer for both Blackstone Real Estate Income Trust (BREIT) and the Blackstone Real Estate Income Funds (BREIF). Prior to joining Blackstone in 2013, Mr. Volchyok was a Senior Associate in the Real Estate Capital Markets group at Proskauer Rose LLP, where he specialized in capital markets transactions and general securities law and corporate governance matters, with a focus on REITs and other real estate companies. Mr. Volchyok received a BBA from Baruch College – Zicklin School of Business and a JD from Fordham Law School.
Head of Investor Relations and Senior Managing Director
Weston Tucker is a Senior Managing Director, Head of Investor Relations, and is also Head of Investor Relations for Blackstone. Since joining Blackstone in 2007, Mr. Tucker’s primary responsibility has been managing Blackstone’s interface with public shareholders and the equity analyst community. Before joining Blackstone in 2007, Mr. Tucker was an equity research analyst for JPMorgan, covering the telecom and cable sectors. He began his career at AT&T, where he worked in a variety of finance roles including investor relations and communications, as well as corporate development. Mr. Tucker graduated summa cum laude with a BS in Business Administration from Ohio State University.
Michael Eglit is a Managing Director of Blackstone Real Estate Debt Strategies Group. Since joining Blackstone, Mr. Eglit has handled evaluation of real estate debt investments in several property types. Before joining Blackstone in 2010, Mr. Eglit worked for Wrightwood Capital, where he worked on the origination, underwriting, and asset management of structured senior debt, mezzanine debt, preferred equity and JV equity commercial real estate investments. Mr. Eglit graduated with honors in Economics from Lehigh University and received a Master’s in Business Administration from the University of Chicago Booth School of Business.
Head of Loan Asset Management and Managing Director
Robert Sitman serves as our Head of Loan Asset Management. He is also a Managing Director and Global Head of Asset Management of Blackstone Real Estate Debt Strategies, which encompasses all of Blackstone’s commercial real estate debt investment vehicles, including the Company. Since joining Blackstone in 2014, Mr. Sitman has been involved in originating, structuring, executing and asset managing real estate debt investments across all asset types and geographies. Prior to joining Blackstone, Mr. Sitman was an associate in the Real Estate group of Fried, Frank, Harris, Shriver & Jacobson LLP, where he represented owners, developers, investors and lenders in commercial real estate transactions. Mr. Sitman received a B.A. in Political Science from the University of Michigan and a J.D. from Brooklyn Law School, where he graduated cum laude.
Michael Nagelberg is a Managing Director in the Blackstone Real Estate Debt Strategies Group, based in New York. Before joining Blackstone, Mr. Nagelberg was a Principal at TPG and was responsible for originating, acquiring, and structuring real estate debt investments across various property types in the United States. Prior to TPG, Mr. Nagelberg was an Associate in Deutsche Bank’s Real Estate Special Situations Group where he was involved in loan origination, acquisition, and asset management. Mr. Nagelberg started his career with Antares and then Warburg Pincus focusing on real estate investment, development, and underwriting. Mr. Nagelberg graduated from Princeton University with a degree in Economics and Finance.
Jimmy Yung is a Managing Director in Blackstone Real Estate Debt Strategies based in Los Angeles and oversees West Coast debt investments. Before joining Blackstone, Mr. Yung was Head of Originations and member of the Investment Committee for TPG Real Estate Finance Trust. Previously, he was Head of Originations for Deutsche Bank’s US Commercial Real Estate Special Situations business focused on principal high yield finance and distressed debt acquisitions. Mr. Yung received a BA from Georgetown University.
J.T. Sizemore is a Managing Director of Blackstone Real Estate Debt Strategies. Mr. Sizemore is involved in sourcing, underwriting, negotiating and structuring debt investments across all asset types and geographies.
Before joining Blackstone in 2014, Mr. Sizemore worked in real estate private equity acquisitions roles with Morgan Stanley Real Estate Investing in San Francisco and DLJ Real Estate Capital Partners in Los Angeles. Mr. Sizemore also worked as a developer with The Kor Group and as a strategy consultant with Bain & Company.
Mr. Sizemore graduated summa cum laude with a B.S. in Industrial and Systems Engineering from the University of Southern California and received an M.B.A. from Wharton, where he was a Palmer Scholar.
Clarke Hitch is a Managing Director in the Blackstone Real Estate Debt Strategies Group, where he is involved in sourcing, underwriting, negotiating and structuring senior loans, mezzanine loans, preferred equity and other debt investments across all asset types and geographies throughout the U.S.
Prior to joining Blackstone in 2013, Mr. Hitch worked at Morgan Stanley in the Commercial Real Estate Lending Group.
Mr. Hitch graduated from Duke University with an AB in Public Policy.
Head of Accounting
Paul Kolodziej has served as BXMT’s Head of Accounting since February 2021. Mr. Kolodziej has also served as the Chief Accounting Officer of BREIT since March 2019. Mr. Kolodziej is also a Managing Director with Blackstone Real Estate and served as controller of BREIT from June 2016 to March 2019. Prior to joining Blackstone in June 2016, Mr. Kolodziej was a Senior Manager at PricewaterhouseCoopers LLP (PwC), where he provided assurance services to financial service clients focused on REITs, private real estate funds and hedge funds. During his time at PwC, Mr. Kolodziej also completed a two year rotation in PwC’s SEC Services Group within their National Office, focusing on client consultations over a wide range of matters related to security registrations and ongoing SEC filing requirements. Mr. Kolodziej received a BS in Accountancy from DePaul University and is a Certified Public Accountant.
Tony LaBarbera is a Managing Director in the Blackstone Real Estate Debt Strategies Group, where he is involved in sourcing, underwriting, negotiating and structuring senior loans, mezzanine loans, preferred equity and other debt investments across all asset types and geographies throughout the U.S. Mr. LaBarbera previously worked for Blackstone in London on both the BREDS and Real Estate Capital Markets teams.
Before joining Blackstone’s Real Estate group in 2014, Mr. LaBarbera was an analyst in Blackstone’s Advisory group with Park Hill Real Estate.
Mr. LaBarbera received a BS from the McIntire School of Commerce at the University of Virginia where he graduated with distinction.
Vice President of Finance
Courtney Cheng has served as BXMT’s Vice President of Finance since January 2022. Since joining Blackstone in 2015, Ms. Cheng’s primary responsibility is overseeing the financial/portfolio reporting and accounting functions for BXMT. Prior to joining Blackstone in 2015, Ms. Cheng was a Senior Associate at KPMG in its real estate tax practice. Ms. Cheng received a B.S. in Finance and Accountancy, in addition to a M.S. in Accountancy from New York University and is a Certified Public Accountant.
Board of Directors
Former Vice Chairman, Centerline Capital Group
Leonard W. Cotton has been a director since 2014. Mr. Cotton is the former vice chairman of Centerline Capital Group (a position he held from 2006 to 2008). He was also on the executive committee of the Commercial Real Estate Finance Council, or CREFC, from 2001 to 2010 and was president of CREFC from 2007 to 2008. Mr. Cotton previously served as chairman and chief executive officer of ARCap REIT (a position he held from 1995 to 2006), a real estate finance company acquired by Centerline Capital Group in 2006, and chairman and chief executive officer of ARCap REIT’s predecessor, REMICap. During his tenure at ARCap REIT, Mr. Cotton was instrumental in establishing ARCap REIT as a nationally recognized CMBS investor in subordinated bonds. From 1992 to 2002, Mr. Cotton was a president and partner in Harbour Realty Advisors, a real estate-related special situation investment and commercial property management company. Prior to joining Harbour Realty Advisors, Mr. Cotton was engaged in a number of real estate-related entrepreneurial endeavors, including acting as consultant on real estate workout strategies and the development of high-end residential properties. Mr. Cotton also serves on the board of trustees of Bowdoin College and Maine Public Broadcasting Network, a state network of public television and radio stations. He started his career in 1972 with Citibank, working in commercial real estate lending and workout business units. He also served as an independent director of FundCore Institutional Income Trust Inc., a public unlisted mortgage real estate investment trust (“REIT”), from 2010 to 2012 and is a former board member of the Real Estate Roundtable.
Mr. Cotton received an M.B.A. in Finance from Columbia University and a B.A. in American History from Bowdoin College. Mr. Cotton has significant experience in various aspects of commercial real estate, including lending, equity investment and development, which we believe gives him unique insight into our investment activities.
Thomas E. Dobrowski
Former Managing Director, Real Estate and Alternative Investments, General Motors Asset Management
Thomas E. Dobrowski has been a director since 1998. Mr. Dobrowski has been retired from General Motors Asset Management, or GMAM, an investment manager for several pension funds of General Motors, its subsidiaries and affiliates, as well as for several third-party clients, since October 2005. From December 1994 until his retirement, he was the managing director of real estate and alternative investments for GMAM. Mr. Dobrowski was a member of the board of directors and the audit committee of Equity Lifestyle Properties, Inc. (NYSE: ELS) from 1993 to 2017, and previously served as a director and member of the audit committee of Equity Office Properties Trust until its sale in 2007 and was a former director of Taubman Centers, Inc. (NYSE: TCO) and Red Roof Inns, Inc.
Mr. Dobrowski had a long career as a senior investment officer for a major pension plan investor and oversaw the original investment made by GMAM into the Company, which we believe gives him unique insight into our investment activities.
Martin L. Edelman
Of Counsel, Paul Hastings LLP
Martin L. Edelman has been a director since 1997. Mr. Edelman is Of Counsel to Paul Hastings LLP, and prior thereto, Battle Fowler LLP. He is a director of Equity Commonwealth (NYSE: EQC) and Aldar Properties PJSC (ADX: ALDAR). He also served as a director of Advanced Micro Devices, Inc. (NASDAQ: AMD) from 2013 until 2017, Morgans Hotel Group Co. (NASDAQ: MHGC) from 2014 until 2015, Avis Budget Group, Inc. (NASDAQ: CAR) from 1997 until 2013 and Ashford Hospitality Trust, Inc. (NYSE: AHT) from 2003 until 2014. Mr. Edelman is a senior advisor to Mubadala Development Company, the strategic investment vehicle of the government of Abu Dhabi. He is on the boards of the Jackie Robinson Foundation, The Intrepid Fallen Heroes Fund and the Fisher House Foundation.
Mr. Edelman has extensive commercial real estate industry experience and knowledge developed over his more than 40 years of practicing law, which we believe provides us with valuable perspectives into developments in our industry.
Founder & CEO, Xylem Projects
Nnenna Lynch has been a director since July 2021 and is the chief executive officer of Xylem Projects LLC (“Xylem”), a mission-driven real estate firm which she founded in July 2018. Prior to founding Xylem, Ms. Lynch served as managing principal and head of development for The Georgetown Company, which she joined in March 2014. She was previously a senior advisor on economic development for the Bloomberg mayoral administration in New York City from 2008 to February 2014. Ms. Lynch has served as a member of the board of directors of AvalonBay Communities, Inc. (NYSE: AVB) since May 2021.
Ms. Lynch is a graduate of Villanova University, where she won five NCAA track titles, and Oxford University, where she attended as a Rhodes Scholar. The Company believes Ms. Lynch’s extensive professional experience in the real estate industry provides the Board of Directors with valuable perspectives into the Company’s business.
Henry N. Nassau
Chief Executive Officer, Dechert LLP
Henry N. Nassau has been a director since 2003. Mr. Nassau has been the chief executive officer of Dechert LLP since July 2016 and a partner since September 2003 and was previously deputy chair of practice group management and the chair of the corporate and securities group for over ten years. Mr. Nassau was the chief operating officer of Internet Capital Group, Inc. (NASDAQ: ICGE), an Internet holding company, from December 2002 until June 2003, having previously served as managing director, general counsel and secretary since May 1999. Mr. Nassau was previously a partner at Dechert LLP from September 1987 to May 1999 and was chair of the firm’s business department from January 1998 to May 1999. At Dechert LLP, Mr. Nassau engages in the practice of corporate law, concentrating on mergers and acquisitions, public offerings, private equity and venture capital financing. Mr. Nassau also serves on the advisory board of RAF Industries, TL Ventures and Graham Partners.
Mr. Nassau has significant professional experience as an officer of a public company and as an attorney and partner in a major law firm, which we believe allows him to make unique contributions in the area of corporate governance.
Lynne B. Sagalyn
Earle W. Kazis and Benjamin Schore Professor Emerita of Real Estate and Director, Paul Milstein Center for Real Estate and the MBA Real Estate Program, Columbia Business School
Lynne B. Sagalyn has been a director since 1997. Dr. Sagalyn is the Earle W. Kazis and Benjamin Schore Professor Emerita of Real Estate at Columbia Business School where she taught for more than twenty years and was the founding director of the Paul Milstein Center for Real Estate and the MBA Real Estate Program. Previously, Dr. Sagalyn held appointments at the University of Pennsylvania in both the School of Design (City Planning Department) and the Wharton School (Real Estate Department) and at the Massachusetts Institute of Technology (Department of Urban Studies and Planning). Dr. Sagalyn serves as a member of the Advisory Board of PRIME, a Morgan Stanley private equity fund, as a member of the board of directors of Regional Plan Association of New York, as a member of the board of directors of The Skyscraper Museum, and on the board of and as chair of the audit committee of the New York City Trust for Cultural Resources. From 2010 to 2018, Dr. Sagalyn was vice chairman of UDR, Inc. (NYSE: UDR), a self-administered REIT in the apartment communities sector, where she served as a director for 23 years until May 2019. She has also served on the New York City Board of Education Chancellor’s Commission on the Capital Plan.
Through her prominent positions in graduate real estate programs of leading universities, we believe Dr. Sagalyn brings expertise in real estate and finance to our board and the audit committee, of which she is the chair.
345 Park Avenue
New York, NY 10154
Phone: +1 (212) 583-5000
1299 Ocean Avenue, Suite 320
Santa Monica, CA 90401
Phone: +1 310 310 6949
40 Berkeley Square
London, W1J 5AL, U.K.
Phone: +44 (0)20 7451 4000