Cresset Diversified Real Estate has named Dominic DeRose director of investments. In his role, DeRose will focus on the firm’s vast real estate portfolio with an emphasis on their qualified opportunity zone efforts, as well as a series of smaller real estate funds focused on various strategies, including industrial development and distressed investments.
Together, Cresset Partners and Diversified Real Estate Capital manage the Cresset Diversified QOZ Funds, along with a variety of real estate and private equity strategies. The two partners are leaders in finance, real estate, private equity and wealth management, with Cresset Asset Management, LLC, overseeing $10 billion in assets under management through private wealth management, and Diversified Real Estate Capital managing a $5 billion real estate portfolio.
“Dominic has the demonstrated track record of success and deep experience across all aspects of the real estate space that we were looking for in a new team leader,” said Eric Becker, founder and co-chairman at Cresset Partners. “We knew early on that qualified opportunity zones presented an intriguing and fast-growing investment category, and our early entry into the area has enabled us to become one of the largest QOZ managers in the country. We’re excited for Dominic to join the team and help build on that momentum.”
Prior to joining Cresset Diversified, DeRose was a senior associate in Colliers International’s industrial advisory group. At Colliers, he developed financial models for acquisitions, dispositions and leases on behalf of investors. He also produced multiple predictive models that incorporated the use of artificial intelligence, in addition to participating in and negotiating real estate transactions totaling more than $400 million.
Based in Chicago, DeRose earned his master of business administration from the Kellogg School of Management at Northwestern University.
“I’m privileged to be a part of a dynamic team that’s quickly established themselves as a leading voice in the real estate investing community,” said DeRose. “I look forward to working with the Cresset Diversified team, our partners, and the firm’s clients to help them achieve their investment goals.”