CA Ventures promotes Tony DiBiase to president of residential division

CA Ventures (“CA”), the vertically integrated global real estate investment management company, today announced the promotion of Tony DiBiase, a tenured member of CA’s leadership team, to president of its residential division across the Americas, where he has held the position since March on an interim basis. In his new role, DiBiase will spearhead the execution of the company’s U.S. multifamily investment strategy, as well as oversee the continued growth of its Latin American portfolio.

“Over the last eight years, Tony has been a driving force behind CA’s international expansion in Latin America, as well as our entry into European markets,” said Tom Scott, chief executive officer of CA. “His robust resume in the commercial real estate industry and depth of operational experience has positioned him as an invaluable resource for the firm and a natural fit to lead our growing residential vertical. Operational excellence in the residential space has never been more important than it is today, post-pandemic. I have the utmost confidence in Tony’s ability to elevate CA’s commitment to service quality, while continuing to scale our diverse residential portfolio.”

Despite the challenges posed to the multifamily sector throughout the COVID-19 pandemic, CA’s residential platform has demonstrated strong performance and momentum. Over the past six months, CA has closed on $447 million worth of new developments including projects in San Diego, Denver, Fort Collins and West Sacramento, and has refinanced six assets and sold one. The firm has $1.1 billion of residential assets currently under construction, including luxury communities in Nashville, Minneapolis and Arlington Heights, that will be delivering in the coming weeks. In addition to urban infill high-rises, CA also specializes in boutique residential communities — a product that has demonstrated impressive recession-resilient qualities over the past year.

“We entered this year with strong momentum and are extremely proud of the successes and milestones we have already had on the development and operations sides of the business,” said Tony DiBiase. “With such a talented and passionate team of experts already in place, I am enthusiastic about the opportunity ahead with respect to both portfolio growth and innovation of products and services. Coming out of the pandemic, we are seeing a shift in demand across the multifamily housing sector and, given CA’s integrated and nimble business model, we are well-positioned to capitalize on those emerging opportunities.”

DiBiase joined CA in 2013 as principal of the firm’s international division, a role in which he successfully pioneered CA’s student housing portfolio in Latin America and entrance into Europe. Prior to joining CA, DiBiase served as chief operating officer at U.S. Equities Realty, a Chicago-based real estate company with a presence in Latin America. There, DiBiase was responsible for the overall operations of the company, including improving its productivity and efficiencies, enhancing the firm’s image and working with each department head and office to expand and improve operations and marketing synergies. Throughout his career, DiBiase has served on several boards, including The Chicagoland Chamber of Commerce, Chicago Real Estate Network, and U.S. Urban Realty. He has also served as a member of the Building Owners and Managers Association, Urban Land Institute, International Council of Shopping Centers and International Facility Management Association.