CrossHarbor Capital Partners, a Boston-based investment management firm that invests in core-plus, value-add and opportunistic commercial real estate transactions throughout the United States, appointed Richard Flohr as managing director and portfolio manager for the company’s new CrossHarbor Strategic Debt Fund.
Flohr is based out of the firm’s Chicago office and is overseeing operations of the recently launched Strategic Debt Fund, as well as serving as a member of its investment committee. Prior to joining CrossHarbor, Flohr spent 28 years with the Prudential Mortgage Capital Company. During his tenure there, Flohr held various senior management roles, originating over $12 billion of loans across all property types and was responsible for the sale of $2.9 billion of first mortgage CMBS loans across 29 securitizations.
Supporting Flohr are three additional new hires, each responsible for sourcing and structuring debt investment opportunities for the fund. The new additions include William Cohen, principal in CrossHarbor’s Chicago office, most recently a senior vice president at Avison Young in their development and capital markets groups; Robin Ibbetson, vice president in CrossHarbor’s Los Angeles office, most recently a vice president at Amherst Capital Management and Matthew Klein, vice president in CrossHarbor’s Boston office, most recently an assistant vice president with AEW Capital Management in their acquisition and capital markets groups.
“We are thrilled to welcome Richard to the CrossHarbor Capital Partners team and are confident his experience and successful track record of loan originations will serve him well as the portfolio manager of our debt fund platform,” said William Kremer, managing partner and co-founder of CrossHarbor Capital Partners LLC. “Additionally, with the launch of our new Strategic Debt Fund and national company expansion, we are continuing to seek out other senior leadership candidates for key positions. With that said, we are equally pleased to add William, Robin and Matthew to round out our growing debt management team and believe they will each provide significant value for our firm as we move forward.”