Bluerock Hires Industry Powerhouse as CEO of Bluerock Capital Markets
NEW YORK, Dec. 6, 2016 /PRNewswire/ -- Bluerock Real Estate announced today that it has appointed 32-year industry veteran, Jeffrey S. Schwaber as CEO of Bluerock Capital Markets, LLC, the managing broker dealer for Bluerock's suite of investment products and funds.
Schwaber joins Bluerock from Griffin Capital Securities where he served as President and Head of Distribution and was instrumental in orchestrating Griffin's rapid rise to industry-leading fund raising, bringing in approximately $7 billion in equity over a 4-1/2 year span. Schwaber is also lauded for his success as a founding partner and Head of Capital Markets and Distribution at Behringer Harvard, where he oversaw an equity intake of approximately $6 billion.
"Jeff is one of the most accomplished and highly regarded capital market heads in the investment management business and his track record of success in raising capital is well-known in our industry," Ramin Kamfar, Founder and Chairman of Bluerock commented. "He has not once but twice built companies to capital raising leadership and we are delighted to match his distribution expertise with our real estate expertise and industry leading suite of investment products."
Schwaber has overseen over $13 billion of equity raise, making him one of if not the highest raising and most successful capital market heads in the history of the direct investment industry. He is recognized as a hands-on leader with a rigorous dedication to client support, and will be integrally involved in sales, selling group buildout, product and business development.
"The decision to bring Jeff Schwaber on board was the logical next step in our program to expand the Bluerock distribution footprint," Jordan Ruddy President of Bluerock Real Estate commented. "We remain intent on delivering best-in-class products and securing top talent to service our broker dealer and RIA partners. Jeff is extremely well positioned to oversee our next phase of growth."
Schwaber's immediate mandate will be to grow distribution of Bluerock's performance-leading interval fund, the Total Income + Real Estate Fund (NASDAQ: TIPRX, TIPPX and TIPWX) as well as Bluerock Residential Growth REIT's Redeemable Preferred Stock and Bluerock's rapidly expanding 1031 exchange division, Bluerock Value Exchange.
"Bluerock has a powerful and growing reputation for strong performance, integrity and its ability to introduce highly desirable, innovative products that are both well-timed and well-positioned," Schwaber said. "The quality and depth of experience across the management team is extraordinary, as well. I don't know of a company that may be better positioned to create value for investors in the current economic and regulatory environment and I am extremely pleased to be part of the team."
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