Drawing from decades of collective experience investing in real estate, the senior team at Raith has deep expertise in investment management, asset management, development and redevelopment, as well as in property management, finance and accounting, and compliance and regulatory matters.
Mr. Landis co-founded Raith Capital Partners in February 2012. Raith serves as the general partner for Raith Real Estate Fund I, an opportunistic vehicle targeting distressed loans and assets across the U.S., and for Raith CMBS Fund I and II, its B-piece investment vehicles in addition to a number of separately managed accounts. Over the last eight years, Mr. Landis and his team have invested in excess of $1.7 billion in distressed loans secured by commercial real estate and commercial mortgaged-backed securities. The principals of Raith were early investors in the re-cast CMBS market starting in 2010 and have since become a leading investor in B-piece securities, having bought controlling interests in 25 transactions. As of June 30, 2017, Raith’s assets under management total over $900mn. Prior to forming Raith, Mr. Landis served as the Chief Investment Officer at Rialto Capital Management from its inception in 2008. Prior to Rialto, Mr. Landis was a Managing Director and member of the Group Executive Committee in the Commercial Real Estate group at Deutsche Bank (as successor firm to Bankers Trust). During the period from 1998-2008, Mr. Landis’ group priced, structured and distributed in excess of $50 billion of commercial real estate credit on multiple asset classes including land, office, industrial, retail, hospitality and homebuilding. While at Bankers Trust, Mr. Landis led the firm’s commercial securitization efforts and was instrumental in launching Bankers Trust Mezzanine Fund I. Prior to 1998, Mr. Landis worked in fixed income institutional sales at both Smith Barney and Prudential Securities, primarily focused on asset-backed securities including: CMBS, RMBS, credit cards, student loans and manufactured housing. Mr. Landis received a Bachelor of Arts degree from Drew University and an MBA from Columbia University. He is a member of Drew’s Board and Chairs the Investment Committee overseeing the university’s endowment.
Mr. Hioe co-founded Raith Capital Partners in February 2012. Raith is a real estate investment firm that has invested and managed over $800 million of capital across equity and debt platforms, and its principals have invested over $1.7 billion of equity in these strategies since 2009. Since inception, Raith has made multiple investments in non-performing loans and acquired 15 CMBS B-pieces. Raith has raised a discretionary, opportunistic vehicle (Raith Real Estate Fund I) targeting distressed loans and assets across the U.S. Raith has also raised and acts as manager for Raith CMBS Fund I and II, discretionary vehicles focused on investments in high yield CMBS. Prior to forming Raith, Mr. Hioe was a Managing Director at Rialto Capital Management, which he joined in 2009. While at Rialto, he was involved in the firm’s acquisitions effort for whole loan portfolios, distressed assets and securities. In the distressed loan space, these transactions included acquisitions of c. $5 billion of nonperforming loans from the FDIC and various financial institutions, resulting in over $850 million of invested equity. Mr. Hioe was instrumental in the development of Rialto’s securities investing business, which helped to establish the firm as the largest B-piece investor in the CMBS 2.0 marketplace. Prior to Rialto, Mr. Hioe worked at The Blackstone Group in the firm’s real estate private equity fund, focusing on real estate investments in several property types. He was involved in the acquisition of Equity Office Properties and Hilton Hotels. Prior to Blackstone, Mr. Hioe worked in affordable housing finance at The Community Builders, and as a strategy consultant at Cap Gemini Ernst & Young. Mr. Hioe received a Bachelor of Arts degree from Williams College and an MBA from Harvard Business School, and is a member of the Board of Governors of the Commercial Real Estate Finance Council (CREFC).
Mr. Suchy joined Raith as a Principal at its inception in February 2012. Mr. Suchy is a member of the firm’s investment committee and oversees all aspects of Raith’s acquisition activities. Mr. Suchy is also responsible for trading and valuing the firm’s securities portfolio. Prior to Raith, Mr. Suchy was a Director at Rialto Capital Management, LLC, which he joined in 2010. At Rialto, Mr. Suchy focused on the underwriting and pricing of investments in non-performing commercial real estate loan portfolios and non-investment grade commercial mortgage backed securities that in aggregate exceeded $1 billion during his tenure. Mr. Suchy spearheaded Rialto’s emergence as a leading buyer of noninvestment grade CMBS in the aftermath of the 2008/2009 financial crisis. Prior to joining Rialto, Mr. Suchy was part of Deutsche Bank’s commercial real estate group, where he focused on loan structuring and syndication as well as the restructuring and workout of loans both internally and as an advisor for clients of the bank. Mr. Suchy’s transaction experience includes corporate credit facilities and institutional term loans for recapitalizations and acquisitions, construction and development loans, and senior and junior term lending across all property types. Prior to Deutsche Bank, Mr. Suchy worked in a variety of real estate and corporate finance roles at JPMorgan. Mr. Suchy received a Bachelor of Science degree in Finance from the University of Illinois and is a Chartered Financial Analyst.
Mr. Egan joined Raith in 2014 and is responsible for directing the activities of firm’s asset management group. He has over twenty-five years of experience in the areas of distressed debt and real estate work-out, acquisition, development, asset management, sales, financing and structuring of equity/joint venture relationships. Mr. Egan previously served as Director of Rialto Capital Management LLC where he had supervisory and primary responsibility for distressed loans. Prior to joining Rialto, Mr. Egan was a Managing Director and Group Head in Deutsche Bank’s Real Estate Investment Banking Group—a position he held for over 16 years. In this role, Mr. Egan was responsible for the management, supervision and profitability of Deutsche Bank’s “legacy” real estate loan and REO portfolios as well as several acquired real estate distressed loan portfolios. Before joining Deutsche Bank, Mr. Egan served as Director of Real Estate Development for Linclay Corporation, a national real estate development firm based in St. Louis, MO, where he had responsibility for the company’s industrial, office and retail development projects. Mr. Egan directed and provided oversight for the architectural design, development, leasing, management and sale of the company’s various real estate projects in the central Atlantic and Midwest geographic marketplaces. Before joining the development side of the real estate business, Mr. Egan worked as Vice President of Chemical Realty Corporation where he was responsible for the origination and distribution of real estate related loans and investment banking products. Mr. Egan holds a BBA degree in accounting and finance from Hofstra University and is a member of the Urban Land Institute, ICSC and the National Association of Industrial Office Park Developers. He has held Board of Director positions for both real estate and corporate clients.
Ms. Liftin joined Raith in 2015 and is the Chief Compliance Officer. She is responsible for managing the legal and compliance aspects of Raith’s investment and advisory relationships. Prior to joining Raith, Ms. Liftin was Managing Counsel and Chief Compliance Officer for Siguler Guff & Company, a multi-strategy private investment firm. During her tenure there, she had day-to-day responsibility for the firm’s legal and compliance matters. Ms. Liftin joined Siguler Guff in 2009 after working for WestLB Mellon Asset Management as its U.S. Legal Counsel and Chief Compliance Officer. Prior to working at WestLB, Ms. Liftin was a Senior Associate at K&L Gates where she represented investment advisers and broker-dealers. She began her legal career in 1997 at Rogers & Wells. Ms. Liftin holds an A.B. from Barnard College, an M.A. in Economics from New York University, and a J.D. from Brooklyn Law School.
Mr. Baca joined Raith in 2016. He works primarily within the asset management group and as part of the acquisitions team. Mr. Baca graduated in 2016 with a Bachelor of Arts in Economics, summa cum laude, from Drew University. He was also a member of the varsity soccer team.
Mr. Carreño joined Raith in 2018 and has primary responsibility for implementing value-add strategies for a portfolio of office and industrial assets across the country. He has 12 years of commercial real estate experience focused on asset management, acquisitions and development. Prior to Raith, he was a Director of Asset Management at VEREIT where he oversaw a $2.8 billion national portfolio of office and industrial buildings. While at VEREIT, he focused on repositioning vacant and underperforming assets that had previously been single-tenanted. Mr. Carreño spearheaded negotiations for close to $250 million worth of dispositions and over $500 million of aggregate rental income for new leases, renewals, and expansions. Previously he was a member of the acquisitions groups at Rialto Capital Management and Cabot Properties, private equity firms that target high risk-adjusted returns. Mr. Carreño received a Bachelor of Arts degree from Wesleyan University and a M.S. in Real Estate Finance and Investment from New York University.
Mr. Castro joined Raith in 2013 and is responsible for due diligence, underwriting and closing of Raith’s non-performing loans (“NPL”) and other value-added investment activities. Mr. Castro is also part of the asset management team in charge of the daily operations of Raith’s real estate portfolio. Prior to Raith, he was a commercial real estate analyst for ABR Partners, a New York based real estate consulting group, where he joined in 2010. At ABR, Mr. Castro was responsible for underwriting the acquisition and development of multifamily, office, retail and hotel assets in the U.S. and Latin America. Prior to ABR, Mr. Castro was a Senior Loan Officer at Continental Mortgage Corporation based in Miami, Fl. At Continental, Mr. Castro led a team of loan officers to originate residential and commercial mortgage loans over a three-year period. Prior to Continental, Mr. Castro was a Mergers & Acquisitions Analyst for Standard Bank where he was responsible for valuing corporations and businesses in Latin America. Mr. Castro received a Bachelor in Business Administration from the University of Miami and a Masters in Real Estate Finance & Investments from New York University.
Ms. Gadelmawla joined Raith in 2018 as an analyst. She is responsible for administrative tasks, assisting with cash management and accounting, and providing support to the compliance team. Ms. Gadelmawla graduated in 2018 with a Bachelor of Arts in Political Science and Spanish as well as a Post Graduate Certificate in Conflict Resolution and Leadership from Drew University.
Ms. Gross joined Raith in 2012 as head of office and accounting administration, human resources and infrastructure support. Ms. Gross ensures that all operations, human resources and billing functions run effectively. She is also a member of the compliance team and focuses her efforts on the implementation of the firm’s policies and procedures. Prior to her role at Raith Capital Partners, Ms. Gross worked at Rialto Capital in a similar capacity. She studied at Rollins College before transferring to University of Central Florida to pursue her undergraduate degree in Interdisciplinary Studies.
Mr. Gunthel joined Raith in 2015 as the firm’s Controller. He has over twenty-four years of finance and accounting experience in the fixed income, CMBS and commercial real estate sectors. Immediately prior to Raith, Mr. Gunthel was the CFO for a privately held commercial real estate developer and was responsible for all financial aspects of the organization including pre-acquisition feasibility analysis, acquisition due diligence, risk management, legal as well as accounting, budgeting and financial reporting. Earlier in his career, he co-developed a certified ambulatory surgery center overseeing daily operations and was also responsible for financial management and reporting. Mr. Gunthel holds an MBA in Finance, magna cum laude, from Duke University and a BS in Economics with a concentration in Finance, cum laude, from the Wharton School of Business.
Ms. Lianna joined Raith in 2017 and oversees the firm’s industrial and flex office/warehouse portfolio. With 17 years of experience in various areas of commercial real estate, Gala has worked in asset management, acquisitions, and development. Before joining Raith, Ms. Lianna oversaw a privately-owned portfolio of 1.3 million square feet of commercial properties in New York, New Jersey and Florida. Her prior experience includes working for such firms as Brookfield, The Schonbraun McCann Group, and CBRE in US, Canada, and Europe. Ms. Lianna holds a Bachelor of Management with concentration in accounting from the University of Lethbridge, Canada and an MBA degree with concentration in real estate from Columbia University in New York.
Mr. Niple joined Raith in 2018 and is responsible for identifying acquisition targets as well as overseeing the related investment process. Prior to joining Raith, Mr. Niple was a Vice President with Kennedy Wilson, a California based real estate investment company with $18 billion in Assets Under Management. At Kennedy Wilson, he primarily focused on sourcing and underwriting value-add commercial opportunities in major west coast markets. Before joining Kennedy Wilson, Mr. Niple was a Vice President with Rockpoint Group, a Boston based real estate private equity firm that has raised over $14 billion in capital commitments. In his role at Rockpoint Group, Mr. Niple primarily focused on underwriting and managing opportunistic and core-plus investments. Mr. Niple began his career with Bank of America Merrill Lynch working in the Real Estate Investment Banking Group. Mr. Niple graduated magna cum laude from The George Washington University’s School of Business.
Mr. Rothenberg joined Raith in 2012 as an outside consultant on the finance and accounting team. He currently focuses his time on the management company and firm operations. Mr. Rothenberg has over twenty-eight years of experience in both the public and private sectors. While in the public-sector Mr. Rothenberg worked on audits and workouts for some of the top U.S. real estate developers and in the private sector he held CFO and VP of Finance positions for private and public mid-sized organizations providing health care, financial services to the mortgage industry, asset management services and outsourced REO services. Prior to Raith, Mr. Rothenberg was the CFO for an asset management firm investing along with a private equity firm in sub prime residential mortgages. For the nine years prior to this Mr. Rothenberg was VP of Finance for Clayton Holdings Inc. which experienced significant growth during the run-up in residential real estate post 2001. Clayton became a public company in March 2006 and Mr. Rothenberg was a key member of the accounting team that took the company public. Prior to this Mr. Rothenberg was a key member of the management for a health care provider that grew from one location to 10 locations in a 5-year period and was purchased by a public health care entity. Mr. Rothenberg holds a BBA in Accounting from Pace University and is a CPA in New York State. He is licensed as a certified public accountant in New York.
Ms. Simeone joined Raith in 2019. She primarily works as a part of the acquisitions team. Ms. Simeone graduated in 2018 with a Bachelor of Arts in Economics from Williams College. At Williams, Ms. Simeone was the captain of the women’s varsity soccer team and earned two national championships.
Mr. Sposito joined Raith in 2014. His main focus is the execution of the physical improvement and capital investment programs on individual assets. He also serves as the primary asset manager on certain assets.in the portfolio. Additionally, Mr. Sposito assists with the physical due diligence and review of new investment opportunities. Mr. Sposito is an experienced institutional real estate asset manager with a comprehensive asset management skill set which includes leasing, structuring, financing and repositioning real estate assets. He has extensive transactional and loan work-out experience involving all asset types in numerous and diverse markets within U.S. For more than thirty years, Mr. Sposito has performed financial and real estate-related services on behalf of numerous institutional investors including: The Hartford Insurance Group, Touche Ross & Co., Bankers Trust Company, and Deutsche Bank. Mr. Sposito holds a BS Degree in Business Administration from Syracuse University, School of Management, as well as an MBA from University of Connecticut, Graduate Business School.
Mr. Taylor joined Raith in 2018. He supports both the asset management and investment management groups. Mr. Taylor graduated in 2018 with a Bachelor of Arts in Economics and Spanish, magna cum laude, from Drew University. He was also a four-year member of the varsity basketball team and two-year member of the varsity lacrosse team.