And so what if Monet wants to merge his assets into Presidential?
I'm sure this is a strong possibility...
JOAQUIN DE MONET
FOUNDER & MANAGING PRINCIPAL
Joaquin de Monet is a leader in the commercial real estate industry with expertise in global real estate advisory and investment management services. He has led teams of high-performance real professionals worldwide, and has a successful track record for executing large equity and debt transactions in the United States and Latin America, and for building, operating and managing multi-billion dollar real estate businesses and portfolios.
In 2013, de Monet founded and serves as managing principal of Palisades Capital Realty Advisors, LLC, a boutique commercial real estate advisory firm that brings customized real estate investment solutions to private capital (high net-worth and family office) for US and Latin American investors.
In the first quarter of 2014, de Monet formed partnerships with high-powered investors to build value-add real estate portfolios, under the auspices of Palisades Mexico Partners, LLC, and Woodside Palisades Partners, LLC.
Palisades Mexico Partners is a joint venture between de Monet and Sergio Argüelles, president/CEO of Monterrey, Mexico-based FINSA, which established Palisades Private Capital Fund I. Targeting $100 million in investments, this Fund connects high net-worth individuals and family office investors from Mexico and Latin America with value-add, Class A and B office assets in growing Western U.S. suburban office markets.
Properties acquired by Palisades Private Capital Fund I during the second quarter of 2014 include 2929 Imperial, a two-story, 121,143-square-foot, office building in Brea, California, for $20.8 million, and Chandler Corporate Center, a two-story, 67,561-square-foot Class A office asset in Chandler, Arizona, for $13.9 million.
Woodside Palisades Partners is a joint venture of de Monet and a group of Silicon Valley investors that is targeting value-add and core-plus quality assets, with strong yields and capital appreciation, in markets west of the Mississippi River.
This partnership, which sponsors and manages its own investments, acquired its first assets in the second quarter of 2014 - two Class A office buildings, Cascade Station I and II, which total 127,000 square feet, at Cascade Station in Portland Oregon, an office/retail mixed-used development situated along the key, light-rail airport connector. Cascade I is LEED-Gold Certified.
Prior to establishing Palisades Capital Realty Advisors, de Monet demonstrated his executive leadership and international real estate acumen as president/CEO of Arden Realty, Inc., a national real estate investment trust (REIT), when Arden was purchased by General Electric and as head of GE Capital’s business operations in Mexico.
Under his leadership from 2006 to 2013, Arden/GE expanded from a REIT focused primarily on Southern California office assets to a national presence with a 27 million square foot portfolio of office and industrial properties, valued at $5 billion. Under his guidance, Arden’s senior management team developed a dynamic, value-add investor and trader with a highly successful strategic capital recycling program that included more than $6 billion of real estate transactions in 24 months.
De Monet's deep domain expertise in the areas of leasing and operations lead to the creation of GE's Global Leasing and Operations Center of Excellence, GE's international commercial real estate portfolio of more than of 100 million square feet, driving best practices in leasing, operational excellence and collaboration across global teams. He also served as the business champion of a company-wide initiative, GE Advantage to improve tenant satisfaction and retention.
Prior to Arden, as GE Capital’s business leader in Mexico, de Monet led a high-performance global team and originated $2.5 billion in loans and invested $500 million of equity, making GE Capital the largest foreign real estate lender in Mexico at the time.
De Monet is actively involved in both community and industry endeavors. He has been recognized with the City of Hope’s highest honor, the Spirit of Life award, and founded Arden in the Community, a volunteer program that has generated more than 20,000 service hours to local communities. He has been recognized by Real Estate Forum as one of Southern California’s Real Estate Icons and a National Icon for the office property class. He serves on the Leadership Board of the Lusk Center for Real Estate at the University of Southern California (USC) and on the Executive Committee of City of Hope’s Los Angeles Real Estate Council. De Monet also was an inaugural member of GE Capital Real Estate's Executive Council, serving from 2008 through 2013. He is a graduate of USC.
