BH Properties appoints MDF of Acquisitions
Rowan Sbaiti has joined BH Properties as Senior Managing Director of Acquisitions, as the firm expands its significant real estate investment platform to include real estate bankruptcy and financial instrument acquisitions.
Sbaiti comes to BH Properties from Fortress Investment Group where he was a Vice President. Over his nine plus year tenure at Fortress, Sbaiti was involved in more than USD3 billion of real estate debt equity transactions including the acquisition and workout of distressed real property assets and non-performing loans. Sbaiti came to terms with BH Properties in early 2020 to run its ground lease practice and to seek other value add opportunities throughout the Western United States, before the world turned “upside down."
“Our initial introduction to Rowan pre-dated to late 2019 as we looked to expand our investment platform,” says NH Properties President Jim Brooks. “After several months of discussion and prior to the current environment, we were fortunate to have him join the firm. Now with a changing landscape, his broad skill set will be further expanded.”
With Sbaiti, working alongside Senior Managing Director of Investments Andrew Van Tuyle, BH Properties will look to acquire senior mortgages, mezzanine loans, B-notes and controlling participations secured by fee simple, leasehold interests and long-term leases on all major property types as they arise. BH Properties will pursue investments between USD5 million and USD150 million that bigger funds and investors tend to overlook, with a market focus predominantly in the Western US States.
“BH Properties is well capitalised and not reliant on third-party investors,” adds Sbaiti. “This gives us the speed and flexibility to close quickly and provide sellers with the immediate and near-term liquidity they need to survive these troubling times.”