Rockwood Capital, LLC, the private real estate investment company, today announced that veteran real estate investment professional Joe Gorin has joined Rockwood Capital as Director and Head of Office Asset Management. In this capacity, Mr. Gorin will oversee the firm's existing office assets as well as provide support to the acquisitions team in the pursuit of new office investments. He will be based in the firm's San Francisco office. This is a new position at the firm.
"We are pleased to have Joe join our team of experienced property sector leaders. He will bring a wealth of knowledge and experience at a time when a focus on managing assets is extremely important," says Peter Falco, COO of Rockwood. "Office is one of Rockwood's core property sectors and Joe's extensive management and acquisitions experience during different market cycles will prove invaluable as we seek to optimize value in our existing portfolio and assess upcoming opportunities in this sector."
Mr. Gorin, 38, has 16 years of experience in commercial real estate and has completed over $10 billion of real estate transactions. Most recently, he served as a Senior Director at General Electric Real Estate in Chicago. During his tenure with GE, Mr. Gorin was responsible for portfolio asset management as well as originating office investments throughout the Midwest, Mid-Atlantic and Southeastern United States. From 2000 to 2007, Mr. Gorin was Vice President at Equity Office, where he completed transactions valued in excess of $5.0 billion. Prior to that, he was Vice President of Acquisitions and Asset Management at Cornerstone Properties and earlier, he managed a 6 million square foot office portfolio with assets located in Boston, Denver, Minneapolis, and Seattle.
Mr. Gorin serves on the Urban Land Institute's Office Development Council and the Washington, D.C. Chapter of The Real Estate Group. He holds a Bachelor's degree in Business and Government from Skidmore College.
Rockwood Capital, LLC is a real estate investment company which provides equity capital combined with real estate expertise for repositioning, recapitalization, development and redevelopment of commercial property types, including retail, hotel, residential, office and research and development space in key markets throughout the United States. Since 1980, Rockwood and its principals have invested on behalf of their investors over $3.1 billion of equity in over $9.3 billion of real estate through seven commingled funds and various special purpose partnerships. Rockwood currently manages a portfolio of about $2.85 billion of equity invested in $6.2 billion of real estate. Rockwood's investors include public and private pension funds, endowments, foundations, insurance companies, institutions and high net worth individuals. In April, 2009, Rockwood had a final close on its $964 million Rockwood Capital Real Estate Partners Fund VIII, L.P.
Contacts:
Owen Blicksilver PR, Inc.
Caroline Luz, 203-656-2829
caroline@blicksilverpr.com
