Investment Committee - U.S. Strategies

Jim Worms

Jim Worms Chairman and Chief Executive Officer

Jim Worms

Chairman and Chief Executive Officer

Jim Worms

James R. Worms is a co-founder and the Chairman and Chief Executive Officer of Paladin Realty, where he oversees the firm’s investment strategy and execution. He serves on the firm’s investment committee. Prior to forming Paladin Realty in 1995, Mr. Worms was a Managing Director of Salomon Brothers, where he co-managed the firm’s worldwide real estate investment banking activities. In this capacity, he was involved in real estate investment and advisory transactions totaling billions of dollars, including extensive experience in all types of commercial and residential real estate. Prior to joining Salomon Brothers in 1987, Mr. Worms was a Principal at Eastdil Realty, Inc. where he directed Eastdil’s Western Region partnership investment operations. Before joining Eastdil in 1980, Mr. Worms worked as a Certified Public Accountant at Coopers & Lybrand. Mr. Worms has been a member of various industry organizations including the Pension Real Estate Association, the National Association of Real Estate Investment Trusts, the International Council of Shopping Centers and the Urban Land Institute, where he serves on the Recreation Development Council.

Mr. Worms graduated from UCLA with a Bachelor’s degree in Economics and from The Anderson School of Management at UCLA with a Master’s degree in Business Administration. Mr. Worms also graduated from Hastings College of Law with a Juris Doctor degree.

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Fred Gortner

Fred Gortner Managing Director, COO

Fred Gortner

Managing Director, COO

Fred Gortner

Frederick Gortner is a co-founder, Managing Director and Chief Operating Officer of Paladin Realty, where he leads the firm’s U.S. investment strategies, including its value-added apartment platforms. Mr. Gortner is also involved in many aspects of the firm’s investment activities, management and operations. He serves on the firm’s investment committee. Prior to joining the predecessor of Paladin Realty in 1994, Mr. Gortner was a Principal with the Tucker Investment Group, Inc., a Los Angeles based real estate investment and development firm, as well as a co-founder of Enterprise Management, Inc., a real estate property management company. He began his career at Chemical Bank (now JP Morgan Chase) in New York working on real estate related transactions. He has been a member of various industry organizations including the Pension Real Estate Association, the European Association for Investors in Non-listed Real Estate Vehicles, the Inter-American Dialogue and the Urban Land Institute. He has served on the boards of several civic organizations and led various public-private initiatives including business improvement district formation and zoning code reforms. He is a licensed California real estate broker.

Mr. Gortner graduated from Duke University with a Bachelor’s degree in Economics and Liberal Arts. He also graduated from The Anderson School of Management at UCLA with a Master’s degree in Business Administration, where he was inducted into the Beta Gamma Sigma national scholastic honor society and awarded the Wittenberg-Livingston Academic Fellowship for real estate studies.

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Investment Committee - Latin America

Jim Worms

Jim Worms Chairman and Chief Executive Officer

Jim Worms

Chairman and Chief Executive Officer

Jim Worms

James R. Worms is a co-founder and the Chairman and Chief Executive Officer of Paladin Realty, where he oversees the firm’s investment strategy and execution. He serves on the firm’s investment committee. Prior to forming Paladin Realty in 1995, Mr. Worms was a Managing Director of Salomon Brothers, where he co-managed the firm’s worldwide real estate investment banking activities. In this capacity, he was involved in real estate investment and advisory transactions totaling billions of dollars, including extensive experience in all types of commercial and residential real estate. Prior to joining Salomon Brothers in 1987, Mr. Worms was a Principal at Eastdil Realty, Inc. where he directed Eastdil’s Western Region partnership investment operations. Before joining Eastdil in 1980, Mr. Worms worked as a Certified Public Accountant at Coopers & Lybrand. Mr. Worms has been a member of various industry organizations including the Pension Real Estate Association, the National Association of Real Estate Investment Trusts, the International Council of Shopping Centers and the Urban Land Institute, where he serves on the Recreation Development Council.

Mr. Worms graduated from UCLA with a Bachelor’s degree in Economics and from The Anderson School of Management at UCLA with a Master’s degree in Business Administration. Mr. Worms also graduated from Hastings College of Law with a Juris Doctor degree.

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Gisele Narisawa

Gisele Narisawa Vice President of Finance

Gisele Narisawa

Vice President of Finance

Gisele Narisawa

Gisele Narisawa is the Vice President of Finance at Paladin Realty. Prior to joining the firm in 2009, Ms. Narisawa was an Accounting Supervisor at Hearthstone, Inc., a Los Angeles-based real estate private equity firm, where she was responsible for all aspects of corporate accounting and financial reporting. Ms. Narisawa graduated from the Universidade de São Paulo in Brazil, with a Bachelor’s degree in Business Administration.

She also completed finance and accounting certificates at UCLA, and is a licensed Certified Public Accountant in California.

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Fred Gortner

Fred Gortner Managing Director, COO

Fred Gortner

Managing Director, COO

Fred Gortner

Frederick Gortner is a co-founder, Managing Director and Chief Operating Officer of Paladin Realty, where he leads the firm’s U.S. investment strategies, including its value-added apartment platforms. Mr. Gortner is also involved in many aspects of the firm’s investment activities, management and operations. He serves on the firm’s investment committee. Prior to joining the predecessor of Paladin Realty in 1994, Mr. Gortner was a Principal with the Tucker Investment Group, Inc., a Los Angeles based real estate investment and development firm, as well as a co-founder of Enterprise Management, Inc., a real estate property management company. He began his career at Chemical Bank (now JP Morgan Chase) in New York working on real estate related transactions. He has been a member of various industry organizations including the Pension Real Estate Association, the European Association for Investors in Non-listed Real Estate Vehicles, the Inter-American Dialogue and the Urban Land Institute. He has served on the boards of several civic organizations and led various public-private initiatives including business improvement district formation and zoning code reforms. He is a licensed California real estate broker.

Mr. Gortner graduated from Duke University with a Bachelor’s degree in Economics and Liberal Arts. He also graduated from The Anderson School of Management at UCLA with a Master’s degree in Business Administration, where he was inducted into the Beta Gamma Sigma national scholastic honor society and awarded the Wittenberg-Livingston Academic Fellowship for real estate studies.

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Catalina Rodríguez

Catalina Rodríguez Managing Director, Co-Head Andean Region

Catalina Rodríguez

Managing Director, Co-Head Andean Region

Catalina Rodríguez

Catalina Rodríguez is a Managing Director and Co-Head of the Andean Region based in Paladin’s Bogota office. She is a member of the firm’s Investment and ESG Committees. Mrs. Rodriguez has 15 years of experience holding key leadership positions in financial and international project management roles. She previously worked at Arias Serna Saravia as CFO and later at Newland International Properties, Corp., as CEO for the 262,000 sqm mixed-used project in Panama building where the JW Marriot currently operates. Beforehand Mrs. Rodriguez worked as Director of Treasury at Prodesa, one of Colombia’s largest developers. She holds a bachelor’s degree in Economics from the University Externado de Colombia, and a postgraduate degree in Finance from Universidad de los Andes.

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Randall Loker

Randall Loker Managing Director, CIO

Randall Loker

Managing Director, CIO

Randall Loker

Randall Loker is a Managing Director and Chief Investment Officer at Paladin Realty, where he aids in defining and implementing Paladin’s investment strategy throughout Latin America. He serves on the firm’s investment and ESG committees. Prior to joining Paladin Realty in 2007, Mr. Loker was a Project Manager for public homebuilder Toll Brothers, where he oversaw a number of condominium projects in Northern California. Mr. Loker began his career as a Civil Engineer for international consultant Camp Dresser & McKee in Cambridge, Massachusetts.

Mr. Loker graduated from the University of Michigan with a Bachelor of Science and Engineering degree in Civil and Environmental Engineering and has a Master’s degree in Real Estate Development from Massachusetts Institute of Technology.

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Andrés Bautista

Andrés Bautista Managing Director, Co-Head Andean Region

Andrés Bautista

Managing Director, Co-Head Andean Region

Andrés Bautista

Andrés Bautista is a Managing Director and Co-Head of the Andean Region based in Paladin’s Bogota office. He is a member of the firm’s Investment and ESG Committees. Prior to joining Paladin Realty in 2015, he was a Project Manager for Constructora Conconcreto, one of the largest construction and real estate development companies in Colombia, where he was responsible for the development and management of various housing, commercial and office projects.


Mr. Bautista graduated from the Universidad Nacional de Colombia with a Bachelor’s degree in Civil Engineering. He also graduated with distinction from the University of Birmingham in the United Kingdom with a Master’s degree in Construction Management.

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Alejandro (Alex) Krell

Alejandro (Alex) Krell Managing Director

Alejandro (Alex) Krell

Managing Director

Alejandro (Alex) Krell

Alejandro (Alex) Krell is a Managing Director of Paladin Realty, where he oversees the firm’s activities in South America (excluding Brazil) and Central America. He serves on the firm’s investment committee. A native of Uruguay, Mr. Krell has over two decades of management and real estate development experience, including senior executive positions at some of the largest residential development and construction firms in the world. He was previously the Director of Residential Development for the Tourism Development & Investment Company in Abu Dhabi, where he led the construction of nearly US$2 billion of residential and mixed-use real estate. Previously, Mr. Krell held senior positions with such leading homebuilding companies as KB Home, Shea Homes and Pulte Homes, most recently as a Division President of the latter. He also previously owned and managed one of the largest residential services businesses in Uruguay for several years.

Mr. Krell graduated from the University of Virginia with a Bachelors of Science degree in Architecture. He also received Masters degrees in Urban Planning and in Business Administration from UCLA, where he was awarded the Urban Land Institute, California Planning Foundation, and Wittenberg-Livingston fellowships among others.

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Ricardo Raoul

Ricardo Raoul Managing Director, Brazil Country Head

Ricardo Raoul

Managing Director, Brazil Country Head

Ricardo Raoul

Ricardo Raoul is a Managing Director, Brazil Country Head based in São Paulo. He serves on the firm’s investment committee and has over 60 projects under his management in Brazil. A native of Brazil, Mr. Raoul has two decades of senior-level experience in commercial real estate investment and development in Brazil. For the past decade, Mr. Raoul was a Managing Partner at Muriqui Investmentos, a private São Paulo-based real estate investment, venture capital and growth equity firm. In that role, he worked closely with Paladin Realty in a successful office building joint venture from 2007 to 2012. He was previously Executive Vice President for Business Development at Cushman & Wakefield, where he helped establish and grow the firm’s operations in Brazil, Argentina and Chile.

Mr. Raoul graduated from Mackenzie University in Brazil with a Bachelor’s degree in engineering and from Stanford University with a Masters of Science degree (MSc) in Business Administration. He also has business degrees from Fundação Getulio Vargas – FGV (CEAG) and Harvard Business School (PMD72).

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Santiago Gil

Santiago Gil Managing Director, Mexico Country Head

Santiago Gil

Managing Director, Mexico Country Head

Santiago Gil

Santiago Gil is a Managing Director and Mexico Country Head of Paladin Realty based in Mexico. Mr. Gil has worked closely with Paladin Realty since 2010, originally as a consultant to some of its ventures in Mexico. Previously, Mr. Gil structured real estate portfolio divestments for a variety of Mexican financial institutions in excess of $90 million in value at the Los Angeles based investment bank, Lucent Capital. Prior to this experience, Mr. Gil spent over seven years in several different capacities with Mexico City based Integra, to develop over 2000 housing units in projects over different market segments and locations across Mexico. Mr. Gil started his career underwriting international credit risk with Citi Bank’s Banamex in Mexico City. He is an active member of Urban Land Institute and has participated in the formation of different Urban Land Institute associations for the Los Angeles and Mexico chapters.

Mr. Gil holds a dual degree in Business Administration and International Relations from ITAM in Mexico City, and a Masters of Business Administration from UCLA Anderson School of Management.

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Los Angeles Office

Jim Worms

Jim Worms Chairman and Chief Executive Officer

Jim Worms

Chairman and Chief Executive Officer

Jim Worms

James R. Worms is a co-founder and the Chairman and Chief Executive Officer of Paladin Realty, where he oversees the firm’s investment strategy and execution. He serves on the firm’s investment committee. Prior to forming Paladin Realty in 1995, Mr. Worms was a Managing Director of Salomon Brothers, where he co-managed the firm’s worldwide real estate investment banking activities. In this capacity, he was involved in real estate investment and advisory transactions totaling billions of dollars, including extensive experience in all types of commercial and residential real estate. Prior to joining Salomon Brothers in 1987, Mr. Worms was a Principal at Eastdil Realty, Inc. where he directed Eastdil’s Western Region partnership investment operations. Before joining Eastdil in 1980, Mr. Worms worked as a Certified Public Accountant at Coopers & Lybrand. Mr. Worms has been a member of various industry organizations including the Pension Real Estate Association, the National Association of Real Estate Investment Trusts, the International Council of Shopping Centers and the Urban Land Institute, where he serves on the Recreation Development Council.

Mr. Worms graduated from UCLA with a Bachelor’s degree in Economics and from The Anderson School of Management at UCLA with a Master’s degree in Business Administration. Mr. Worms also graduated from Hastings College of Law with a Juris Doctor degree.

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Joe Forman

Joe Forman Senior Advisor

Joe Forman

Senior Advisor

Joe Forman

Joseph Forman is the Chief Executive Officer of The Bond Street Capital Companies, Inc. a commercial mortgage brokerage firm. He also serves as a Senior Advisor to Paladin Realty. Forman, educated as an Attorney, was admitted to the California Bar in 1979. Shortly thereafter he elected to pursue a career in business landing a job at one of the premier commercial real estate investment banking firms in the Los Angeles area. He spent the next several years representing Borrowers placing debt and equity on a wide variety of commercial property types.
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In the early 1980’s Forman moved over to the capital side of the business joining a Los Angeles financial institution in what would be called today “the Structured Finance Group.” In the five years as the senior executive, he developed a team of forty professionals managing investments with the best in breed developers in Southern California with total assets in the group exceeding one billion dollars.

In the late eighties he left the institutional world and formed a company to purchase and operate a wide variety of properties with financial partners. In the early nineties the company began to represent financial institutions and borrowers originating debt and equity for properties located throughout the United States.

Since 2001 he has focused his efforts on developing The Bond Street Capital Companies, Inc. The company initially began as a direct lender with a CMBS program and ultimately grew to represent multiple sources providing capital for a wide variety of property types. Bond Street originated loans through its 28 affiliated offices located throughout the US. In 2008, Bond Street began to exclusively represent Borrowers sourcing debt and equity on all property types. Forman continues to represent a select group of clients in his capacity as an advisor to these firms. His current clients owns assets in excess of two billion dollars representing property types from hospitality, multi-family, self-storage, industrial and retail among others. Forman has originated over three billion dollars in financings during thirty plus years in the commercial real estate finance business.

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Fred Gortner

Fred Gortner Managing Director, COO

Fred Gortner

Managing Director, COO

Fred Gortner

Frederick Gortner is a co-founder, Managing Director and Chief Operating Officer of Paladin Realty, where he leads the firm’s U.S. investment strategies, including its value-added apartment platforms. Mr. Gortner is also involved in many aspects of the firm’s investment activities, management and operations. He serves on the firm’s investment committee. Prior to joining the predecessor of Paladin Realty in 1994, Mr. Gortner was a Principal with the Tucker Investment Group, Inc., a Los Angeles based real estate investment and development firm, as well as a co-founder of Enterprise Management, Inc., a real estate property management company. He began his career at Chemical Bank (now JP Morgan Chase) in New York working on real estate related transactions. He has been a member of various industry organizations including the Pension Real Estate Association, the European Association for Investors in Non-listed Real Estate Vehicles, the Inter-American Dialogue and the Urban Land Institute. He has served on the boards of several civic organizations and led various public-private initiatives including business improvement district formation and zoning code reforms. He is a licensed California real estate broker.

Mr. Gortner graduated from Duke University with a Bachelor’s degree in Economics and Liberal Arts. He also graduated from The Anderson School of Management at UCLA with a Master’s degree in Business Administration, where he was inducted into the Beta Gamma Sigma national scholastic honor society and awarded the Wittenberg-Livingston Academic Fellowship for real estate studies.

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Randall Loker

Randall Loker Managing Director, CIO

Randall Loker

Managing Director, CIO

Randall Loker

Randall Loker is a Managing Director and Chief Investment Officer at Paladin Realty, where he focuses on the firm’s investments in Brazil and throughout the region. He serves on the firm’s investment committee. Prior to joining Paladin Realty in 2007, Mr. Loker was a Project Manager for Toll Brothers, a large U.S. public homebuilder, where he managed the construction and sales of a number of condominium projects in Northern California. Mr. Loker began his career as a Civil Engineer for international consultant Camp Dresser & McKee in Cambridge, Massachusetts, specializing in municipal sewer design and water treatment projects.

Mr. Loker graduated from the University of Michigan with a Bachelor of Science and Engineering degree in Civil and Environmental Engineering and has a Master’s degree in Real Estate Development from Massachusetts Institute of Technology.

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Evan Pickering

Evan Pickering Vice President

Evan Pickering

Vice President

Evan Pickering

Evan Pickering is a Vice President at Paladin Realty, where he focuses on supporting Paladin’s U.S. value-add apartment acquisitions and asset management as well as all client relations and reporting. Additionally, Mr. Pickering serves on the firm’s ESG Committee. Prior to joining the firm in 2017, he worked at BFSG as an institutional investment consultant where he served both corporate and public sector clients. He consulted on more than $2.5 billion of client assets in defined contribution and defined benefit pension plans. He began his career working in the operations department at Mercer Advisors, where he was primarily responsible for trading, conducting investment analysis, and maintaining accounts. Mr. Pickering is a CFA® charterholder and is an active member in his local CFA society. He graduated from California State University, Long Beach with a Bachelor’s of Finance with a concentration in investments. He serves on the Advisory Board of the Student Managed Investment Fund for his alma mater.

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Gisele Narisawa

Gisele Narisawa Vice President of Finance

Gisele Narisawa

Vice President of Finance

Gisele Narisawa

Gisele Narisawa is the Vice President of Finance at Paladin Realty. Prior to joining the firm in 2009, Ms. Narisawa was an Accounting Supervisor at Hearthstone, Inc., a Los Angeles-based real estate private equity firm, where she was responsible for all aspects of corporate accounting and financial reporting. Ms. Narisawa graduated from the Universidade de São Paulo in Brazil, with a Bachelor’s degree in Business Administration.

She also completed finance and accounting certificates at UCLA, and is a licensed Certified Public Accountant in California.

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Bill Krauch

Bill Krauch Senior Advisor

Bill Krauch

Senior Advisor

Bill Krauch

Bill Krauch joined Paladin Realty in 2018 as a senior advisor to the firm regarding various strategic initiatives.  Mr. Krauch is one of the most highly respected figures in the real estate investment management industry, with over 35 years of experience in senior-level executive positions spanning acquisitions, asset and portfolio management, marketing, client relations, product development, investment committees, and operating/management committees.  He joined TCW Realty Advisors as a startup company and held the positions of National Director of Acquisitions, General Manager of the Asset Management Group and was Vice Chairman and Executive Managing Director/Chairman of the Equity Investment Committee when the company was sold to CBRE Investors.  At ING Clarion, Krauch was Global Head of Marketing and Client Relations, Member of Global Executive Board, Chairman of Global Product Committee and member of the Clarion Investment Committee.  Most recently, he held the position of EVP/Senior Advisor for Client Relations and Product Development at Bentall Kennedy.

Mr. Krauch has been active in several industry organizations including the Urban Land Institute as a member and former Chairman of the Commercial Retail Council and Assistant Chair to the Urban Development Mixed Use Council; a member of Pension Real Estate Association; member and former Board Member of the Association of Foreign Investors; UCLA Real Estate Alumni Group – former Advisory Board Member; and former trustee of Common Fund Realty.  He graduated from the University of California at Los Angeles with a Bachelor of Science degree in Business.

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Brazil Office

Ricardo Raoul

Ricardo Raoul Managing Director, Brazil Country Head

Ricardo Raoul

Managing Director, Brazil Country Head

Ricardo Raoul

Ricardo Raoul is a Managing Director, Brazil Country Head based in São Paulo. He serves on the firm’s investment committee and has over 60 projects under his management in Brazil. A native of Brazil, Mr. Raoul has two decades of senior-level experience in commercial real estate investment and development in Brazil. For the past decade, Mr. Raoul was a Managing Partner at Muriqui Investmentos, a private São Paulo-based real estate investment, venture capital and growth equity firm. In that role, he worked closely with Paladin Realty in a successful office building joint venture from 2007 to 2012. He was previously Executive Vice President for Business Development at Cushman & Wakefield, where he helped establish and grow the firm’s operations in Brazil, Argentina and Chile.

Mr. Raoul graduated from Mackenzie University in Brazil with a Bachelor’s degree in engineering and from Stanford University with a Masters of Science degree (MSc) in Business Administration. He also has business degrees from Fundação Getulio Vargas – FGV (CEAG) and Harvard Business School (PMD72).

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Valter Rabotzke

Valter Rabotzke Senior Advisor

Valter Rabotzke

Senior Advisor

Valter Rabotzke

Valter Rabotzke serves as Senior Advisor to Paladin Realty’s local team in Sao Paulo. Prior to joining Paladin, Mr. Rabotzke worked at Deloitte Touche Tohmatsu, where he gained more than 10 years of audit and consulting experience on clients in the financial services, manufacturing and real estate industries. He also worked as Senior Internal Auditor at Itaú Bank, the largest private bank in Brazil.


Mr. Rabotzke graduated from FEI with a Bachelor’s degree in Electric Engineering.

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Fernanda Rosalem

Fernanda Rosalem Partner, Head of Investments

Fernanda Rosalem

Partner, Head of Investments

Fernanda Rosalem

Fernanda Rosalem is a Partner, Head of Investments based in São Paulo, Brazil. She has over 20 years of experience in real estate and private equity markets, primarily responsible for business origination, fundraising and investor relations.


Before joining Paladin, Fernanda was a Real Estate Director at Patria Investments, responsible for real estate investment funds managed by the company, including fund structuring, investment origination, allocation, and institutional investor relations. Previously, Fernanda was a Managing Partner of RBR Asset Management, an independent asset management firm fully focused on the real estate market. In that role, she was portfolio manager of the income producing fund focused on commercial and logistics properties and served as a member of the Investment Committee for all funds managed by RBR. Prior to this experience, Fernanda acted as Capital Markets Director at Cushman & Wakefield in Brazil.


Mrs. Rosalem holds a degree in business administration from Fundação Getúlio Vargas (EAESP-FGV) and an MBA from Fundação Dom Cabral focused on finance and business strategies.

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Fabiana Tomaz

Fabiana Tomaz Partner, Head of New Business

Fabiana Tomaz

Partner, Head of New Business

Fabiana Tomaz

Fabiana Tomaz serves as a Partner, Head of New Business at Paladin Realty’s office in Brazil. Ms. Fabiana has over two decades of senior management experience, working in the real estate development and investment industry.


She started her career at Schahin Cury. Then, at Cyrela, she helped establish and grow Living, Cyrela’s low income unit. More recently, she served as New Business Director at You Inc, where she played a major role identifying and developing more than 35 mid-income residential and mixed-use projects.


Throughout her professional career, Fabiana has participated in several residential and commercial projects, including redevelopment/master planning, land use, adaptive reuse, zoning and project management, in addition to being a pioneer in processes of Potential Constructive Transfers in the city of São Paulo.


Ms. Fabiana has a Bachelor’s degree in Civil Engineer, and has taken a Graduate course in Occupational and Safety Engineering, both from Mackenzie University. She has specialization and business management courses, including Financial Management and Decisions – ISE Business School, CEO/FGV – FGV Business Education and Innovation and Technologies/Media X – Stanford University.

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Celina Maria Vaz Guimarães

Celina Maria Vaz Guimarães Partner, Investor Relations

Celina Maria Vaz Guimarães

Partner, Investor Relations

Celina Maria Vaz Guimarães

Over the past 25 years, Ms. Vaz Guimaraes has been working in the private equity market, most of it in the real estate sector. Prior to joining Paladin, Ms Vaz Guimarães was a partner and Head of Investor Relations at BlueMacaw, coordinating fundraising activities for publicly listed real estate funds and coordinating all communications with investors and the market at large. Prior to that Ms. Vaz Guimarães was partner and Head of Fund Operations and Investor Relations at Hemisfério Sul Investimentos (HSI) where she was responsible for supervising fundraising activities, including the structuring and operations of six real estate private equity funds, as well as three private equity funds focused on high-yield opportunities in Brazil, totaling US$3.5 billion in commitments. Prior to HSI, she spent seven years at GP Investimentos.


Ms. Vaz Guimarães has a undergraduate degree in Business Administration from Universidade Paulista, a business degree from Harvard Extension School of Business and an M.B.A. from Universidade de São Paulo, where she graduated with distinction.

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Eduardo Netto

Eduardo Netto Investment Manager

Eduardo Netto

Investment Manager

Eduardo Netto

Eduardo Netto is an Investment Manager based in Paladin Realty’s Brazil Office. Prior to joining Paladin, Eduardo worked for Carrefour Properties, where he was responsible for structuring and executing real estate projects in the residential and commercial segments. Eduardo also worked for Tishman Speyer, where he worked on acquisitions and development of office and residential projects.

A native of Brazil, Eduardo has a bachelor’s degree in Civil Engineering from Universidade Federal do Rio de Janeiro – UFRJ.

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Danilo Coenca

Danilo Coenca Compliance, Risks and Controls

Danilo Coenca

Compliance, Risks and Controls

Danilo Coenca

Danilo Coenca coordinates Compliance, Risks and Controls at Paladin Brazil. Prior to joining Paladin, Mr. Coenca worked at CPFL Renewable Energy, where he gained more than 15 years of administrative and financial experience. He also worked on Highline Telecom one of the largest developers of Telecom Solutions in Brazil.


Mr. Coenca holds a Bachelor’s degree and a post-graduate degree from FECAP (Fundação Escola Alvares Penteado) in Business Administration.

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Colombia Office

Alejandro (Alex) Krell

Alejandro (Alex) Krell Managing Director

Alejandro (Alex) Krell

Managing Director

Alejandro (Alex) Krell

Alejandro (Alex) Krell is a Managing Director of Paladin Realty, where he oversees the firm’s activities in South America (excluding Brazil) and Central America. He serves on the firm’s investment committee. A native of Uruguay, Mr. Krell has over two decades of management and real estate development experience, including senior executive positions at some of the largest residential development and construction firms in the world. He was previously the Director of Residential Development for the Tourism Development & Investment Company in Abu Dhabi, where he led the construction of nearly US$2 billion of residential and mixed-use real estate. Previously, Mr. Krell held senior positions with such leading homebuilding companies as KB Home, Shea Homes and Pulte Homes, most recently as a Division President of the latter. He also previously owned and managed one of the largest residential services businesses in Uruguay for several years.

Mr. Krell graduated from the University of Virginia with a Bachelors of Science degree in Architecture. He also received Masters degrees in Urban Planning and in Business Administration from UCLA, where he was awarded the Urban Land Institute, California Planning Foundation, and Wittenberg-Livingston fellowships among others.

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Diana Abril

Diana Abril Finance Director Andean Region

Diana Abril

Finance Director Andean Region

Diana Abril

Diana Abril is a Finance Director for the Andean Region based in Paladin Realty’s Bogotá office. Ms. Abril previously worked at MegaGas, a Colombian company dedicated to compress and transport Virtual Natural Gas, where she served as Administrative and Financial Director. Prior to that, she worked in the hydrocarbons industry in petrol stations in Colombia. 

Ms. Abril earned her Bachelor’s degree with distinction in Business Administration from the Universidad Militar Nueva Granada as well as a degree in Public Accounting from the same university. She also has a Master’s Degree in Corporate Finance from the CESA University in Bogotá.

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Andrés M. Bautista

Andrés M. Bautista Managing Director, Co-Head Andean Region

Andrés M. Bautista

Managing Director, Co-Head Andean Region

Andrés M. Bautista

Andrés Bautista is a Managing Director and Co-Head of the Andean Region based in Paladin’s Bogota office. He is a member of the firm’s Investment and ESG Committees. Prior to joining Paladin Realty in 2015, he was a Project Manager for Constructora Conconcreto, one of the largest construction and real estate development companies in Colombia, where he was responsible for the development and management of various housing, commercial and office projects.


Mr. Bautista graduated from the Universidad Nacional de Colombia with a Bachelor’s degree in Civil Engineering. He also graduated with distinction from the University of Birmingham in the United Kingdom with a Master’s degree in Construction Management.

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Paola Nieto

Paola Nieto Financial Analyst Andean Region

Paola Nieto

Financial Analyst Andean Region

Paola Nieto

Paola Nieto is based in Paladin’s Bogotá office where she serves as a Financial Analyst for Colombia, Costa Rica, Peru and Uruguay. Ms. Nieto was an international ambassador for Rotary in Germany, and she holds a bachelor’s degree in Business Administration from the Business School- CESA, where she graduated with honors. She is currently pursuing a Master’s Degree in Corporate Finance at the same institution.

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Catalina Rodríguez

Catalina Rodríguez Managing Director, Co-Head Andean Region

Catalina Rodríguez

Managing Director, Co-Head Andean Region

Catalina Rodríguez

Catalina Rodríguez is a Managing Director and Co-Head of the Andean Region based in Paladin’s Bogota office. She is a member of the firm’s Investment and ESG Committees. Mrs. Rodriguez has 15 years of experience holding key leadership positions in financial and international project management roles. She previously worked at Arias Serna Saravia as CFO and later at Newland International Properties, Corp., as CEO for the 262,000 sqm mixed-used project in Panama building where the JW Marriot currently operates. Beforehand Mrs. Rodriguez worked as Director of Treasury at Prodesa, one of Colombia’s largest developers. She holds a bachelor’s degree in Economics from the University Externado de Colombia, and a postgraduate degree in Finance from Universidad de los Andes.

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Jose Monroy

Jose Monroy Project Manager

Jose Monroy

Project Manager

Jose Monroy

Jose Monroy is based in Paladin´s Colombia office where he serves as Project Manager. Prior to joining Paladin in 2022, Jose worked in one of the largest construction and real estate development companies in Colombia, structuring projects of over 4 billion Colombian pesos in sales including master planned projects. He has previously worked as a construction estimator and a technical engineer.

Mr. Monroy holds a Bachelor’s degree in Civil Engineering and a postgraduate degree in Project Management from Universidad Colombiana de Ingeniería Julio Garavito.

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Iván Araque

Iván Araque Investment Director

Iván Araque

Investment Director

Iván Araque

Iván Araque is based in Paladin´s Colombia office where he serves as an Investment Director. Mr. Araque is responsible for the asset management and new project underwriting of the firm’s investments throughout Colombia. Prior to joining Paladin, he was a Structuring Director – Enabling Lands & Master Plans for Constructora Colpatria, one of the largest construction and real estate development companies in Colombia, where he was responsible for structuring projects and negotiating acquisitions to ensure future pipeline for the company of more than US$500 million representing 19,000 units social interest (VIS) and middle-income housing.

Mr. Araque holds a Bachelor’s degree in Civil Engineering from Universidad Nacional de Colombia and a postgraduate degree in Corporate Finance from Universidad de la Sabana. He also holds a Master’s degree in Planning and Management in Civil Engineering from Universitat Politècnica de València in Spain.

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Santiago Zarate

Santiago Zarate Project Manager

Santiago Zarate

Project Manager

Santiago Zarate

Santiago Zarate is based in Paladin’s Colombia office where he serves as Project Manager. Before joining Paladin in 2022, Santiago also worked as a Project Manager for Constructora Capital, one of the largest construction and real estate development companies. Prior to that, he was a Project Administrator for Arquitectura y Concreto, another important construction company in the country, where he was also responsible for managing sustainable certifications such as EDGE and CASA COLOMBIA.

Mr. Zarate holds a bachelor’s degree in Civil Engineering from Universidad de Los Andes, and a postgraduate degree in Project Management from Universidad EAN. Currently, he is pursuing a postgraduate degree in Finance from Universidad de Los Andes.

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Camilo Vásquez

Camilo Vásquez Senior Project Manager

Camilo Vásquez

Senior Project Manager

Camilo Vásquez

Camilo Vásquez is based in Paladin’s Colombia office where he serves as a Senior Project Manager. Mr. Vásquez is responsible for the asset management of the firm’s investments throughout Colombia. Prior to joining Paladin in 2019, he was a Project Manager for Constructora Conconcreto, one of the largest construction and real estate development companies in Colombia, where he was responsible for the development and management of various projects of more than 220,000 square meters. Before joining Conconcreto, Mr. Vásquez worked at Fondo Inmobiliario Colombia (FIC) – Grupo Bancolombia, one of the largest real estate private equity firms in Colombia, where he was responsible for overseeing office and commercial developments.

Mr. Vásquez holds a B.SC. degree in Civil Engineering with concentration in Project Management, a B.SC. degree in Enviromental Engineering and a postgraduate degree in Finance from Universidad de los Andes.

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Camilo Otálora

Camilo Otálora Senior Advisor

Camilo Otálora

Senior Advisor

Camilo Otálora

Camilo Otálora is a Senior Advisor to the firm based in Bogotá. A native of Colombia, Mr. Otálora has over 20 years of real estate investment, finance and development experience in Colombia, Central America and the USA. Prior to joining Paladin Realty he was a partner at Boston Andes Capital, a private equity real estate investment, asset management and development firm with offices in Boston, Bogotá and Buenos Aires. Between 2008 and 2012, Mr. Otálora was development manager at Terranum, a major Colombian real estate company, where he was in charge of developing commercial and hotel projects in Colombia and Costa Rica. Between 2000 and 2007, Mr. Otálora worked with Fernando Mazuera & Cía, where he was responsible for financial planning and cash flow management for a group of companies.Mr. Otálora received a BSc. in Economics from the Universidad de los Andes in Bogotá in 2000, an MBA from the Universidad de los Andes in 2006, and an MSc. In Real Estate Development from the Massachusetts Institute of Technology (MIT) in 2008. Mr. Otálora is a LEED AP (Leadership in Environmental and Energy Design – Accredited Professional).

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Mexico Office

Santiago Gil

Santiago Gil Managing Director, Mexico Country Head

Santiago Gil

Managing Director, Mexico Country Head

Santiago Gil

Santiago Gil is a Managing Director and Mexico Country Head of Paladin Realty based in Mexico. Mr. Gil has worked closely with Paladin Realty since 2010, originally as a consultant to some of its ventures in Mexico. Previously, Mr. Gil structured real estate portfolio divestments for a variety of Mexican financial institutions in excess of $90 million in value at the Los Angeles based investment bank, Lucent Capital. Prior to this experience, Mr. Gil spent over seven years in several different capacities with Mexico City based Integra, to develop over 2000 housing units in projects over different market segments and locations across Mexico. Mr. Gil started his career underwriting international credit risk with Citi Bank’s Banamex in Mexico City. He is a board member and real estate-committee advisor at Fundacion Merced, one of the most active non-profit organizations in Mexico, and an active member at the Urban Land Institute for the US and Mexico Chapters.

Mr. Gil holds a dual degree in Business Administration and International Relations from ITAM in Mexico City, and a Masters of Business Administration from UCLA Anderson School of Management.

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Tania Gutierrez

Tania Gutierrez Investment Director

Tania Gutierrez

Investment Director

Tania Gutierrez

Tania Gutiérrez is an Investment Director based in Paladin Realty’s Mexico office, where she focuses on acquisitions, fund raising and management of the firm’s investments throughout Mexico. Prior to joining Paladin Realty, Ms. Gutiérrez worked for Gran Ciudad, a fully integrated real estate investment and development platform focused on multifamily, where she was responsible for underwriting of rental housing properties in major cities throughout Mexico. Prior to Gran Ciudad, she worked at Vertex Real Estate, a private Equity Fund Manager where she was responsible for the operation and disposition of over $360 million in hotels, commercial and residential assets throughout Mexico.

Mrs. Gutiérrez holds a dual degree in Finance and Actuarial Science from ITAM in Mexico.

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Andrea Vilchis

Andrea Vilchis Investment Director

Andrea Vilchis

Investment Director

Andrea Vilchis

Andrea Vilchis is an Investment Director based in Paladin’s Mexico City Office. Ms. Vilchis is involved in the acquisition and management of assets located throughout Mexico. Prior to joining Paladin, Andrea worked as a Project Manager for Grupo Lar Mexico, a Spanish real estate developer focused on residential properties in Mexico City’s metropolitan area. As a Project Manager, she managed operations of the project life cycle from land acquisition to final delivery of the product. Prior to this role, Andrea worked within the Real Estate Expansion Area team at Grupo Lar where she focused entirely on land acquisition for the firm’s expansion throughout the city.

Andrea holds a degree in Civil Engineering form ITESM and obtained a certificate in finance at the same institution.

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Costa Rica Office

Alejandro (Alex) Krell

Alejandro (Alex) Krell Managing Director

Alejandro (Alex) Krell

Managing Director

Alejandro (Alex) Krell

Alejandro (Alex) Krell is a Managing Director of Paladin Realty, where he oversees the firm’s activities in South America (excluding Brazil) and Central America. He serves on the firm’s investment committee. A native of Uruguay, Mr. Krell has over two decades of management and real estate development experience, including senior executive positions at some of the largest residential development and construction firms in the world. He was previously the Director of Residential Development for the Tourism Development & Investment Company in Abu Dhabi, where he led the construction of nearly US$2 billion of residential and mixed-use real estate. Previously, Mr. Krell held senior positions with such leading homebuilding companies as KB Home, Shea Homes and Pulte Homes, most recently as a Division President of the latter. He also previously owned and managed one of the largest residential services businesses in Uruguay for several years.

Mr. Krell graduated from the University of Virginia with a Bachelors of Science degree in Architecture. He also received Masters degrees in Urban Planning and in Business Administration from UCLA, where he was awarded the Urban Land Institute, California Planning Foundation, and Wittenberg-Livingston fellowships among others.

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Gustavo Quesada

Gustavo Quesada Investment Director

Gustavo Quesada

Investment Director

Gustavo Quesada

Mr. Quesada, a native of Costa Rica, is responsible for Paladin’s investments in Central America. He has over two decades of experience managing large mixed-used development projects and luxury branded hospitality projects in Central America, the Caribbean and Mexico. Some of the projects recently developed under his leadership include the Landmark Guadalajara, Town Square Metepec, the Four Seasons Caye Chapel, Belize, the Ritz Carlton, Mexico City, the Montage los Cabos, Mexico. Previously he was involved with the development of the Four Seasons Tropicalia, Samana Bay, Dominican Republic, the Four Seasons La Reunion, Guatemala, the Hyatt Andaz Papagayo, Costa Rica, and the Hyatt Place Pinares, Costa Rica, among others. Mr. Quesada earned his Bachelor’s degree in Business Administration from the University of Costa Rica with emphasis in Banking and Finance. He also received Masters degree in Business Administration (MBA) from the University of Costa Rica, where he was awarded graduate honors. Lastly, he took part of a post-graduate study as Expert in Directing Financial Entities, sponsored by the Carolina Foundation and Confederacion Española de Cajas de Ahorros in Madrid, Spain.

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