Mack Promotes Cullinan and Garg to Lead Real Estate Credit Business

March 4, 2021 3:30 PM EST

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Appoints Senior Executives to Top Leadership Roles, Sharing Oversight of Originations, Asset Management, and Portfolio Management Within Its Private Credit Platform

NEW YORK--(BUSINESS WIRE)-- Mack Real Estate Group (MREG) announced that Kevin Cullinan and Priyanka Garg have been promoted to serve as co-heads of the firm’s real estate credit investment business conducted through Mack Real Estate Credit Strategies, L.P. Sharing overall leadership of MRECS’ business activities, Mr. Cullinan will oversee debt originations while Ms. Garg leads asset management and portfolio management. Richard Mack continues to serve as the firm’s chief executive officer as he has since the formation of the business in 2014.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210304006040/en/

Richard Mack (Photo: Business Wire)

Richard Mack (Photo: Business Wire)

“Kevin and Priyanka have excelled in our platform and we’re extremely pleased to elevate them to joint leaders of our real estate credit investment business,” said Richard Mack. “We look forward to continuing our growth and innovation in real estate credit investments.” MRECS was founded in 2014 and to date has executed more than $13 billion of debt originations, co-originations and acquisitions.

Mr. Cullinan joined MRECS in 2015 and has been instrumental in the growth of the platform, recently serving as Managing Director and Head of Investments and a member of the firm’s Investment Committee before the new promotion. He oversees a team of investment professionals that is responsible for the firm’s investment origination activities. Prior to MRECS, Mr. Cullinan spent four years at J.P. Morgan Investment Management – Global Real Assets and worked at a family office in New York City and CB Richard Ellis. He earned his BBA with a Finance concentration from Loyola University of Maryland.

Ms. Garg joined MRECS in 2020 as Managing Director, Portfolio Management and a member of the firm’s Investment Committee. She has more than 20 years of hands-on real estate investment management experience, including leadership positions at Treeview Real Estate Advisors, Westbrook Partners, and also serving with Perry Capital Real Estate Partners, Goldman Sachs and its Whitehall Real Estate Funds group earlier in her career. She earned a BS in Economics from the Wharton School at The University of Pennsylvania, a Master’s degree in Education from Stanford University School of Education, and an MBA from Stanford University School of Business.

About Mack Real Estate Credit Strategies

Mack Real Estate Credit Strategies, L.P., the Mack real estate credit business, was established to be a one-stop shop for borrowers with transitional assets, in particular to provide capital for deals that traditional banks are less likely to finance due to increased regulation, complexity and/or execution risk. MRECS focuses on properties in need of flexible capital and sponsors seeking an experienced, sophisticated real estate lending partner that is able to evaluate, design structured solutions for and manage such risks.

About Mack Real Estate Group

Mack Real Estate Capital Group LLC, dba Mack Real Estate Group (MREG), is an enterprise devoted to managing institutional, high net worth and Mack family capital by making debt and equity investments in real estate and real estate-related securities through several distinct business lines and legal entities. MREG currently specializes in domestic and international real estate investment, development and financing opportunities with a view toward long term performance and hands on management. The company and its affiliates bring together the expertise to recognize and analyze new real estate investment opportunities with the speed and flexibility necessary to execute on them.

Media:
Great Ink Communications, (212) 741-2977
Eric Waters (eric.waters@greatink.com)

Source: Mack Real Estate Group



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Business Wire, Press Releases

Related Entities

JPMorgan, Goldman Sachs, Perry Capital