Investment Committee

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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Julian Villacorta

Julian Villacorta Managing Director

Julian Villacorta

Managing Director

Julian Villacorta

Julian Villacorta is Managing Director based in São Paulo, Brazil. He serves on the firm’s investment committee. He has more than 25 years of experience leading investments and executing real estate projects in Brazil. He has worked in office, residential, mixed use projects and logistics parks. Before joining Paladin, he was Managing Director and senior project officer responsible for multi-billion high profile projects at Hines during the last 8 years, before that he was new business Director at Tishman Speyer doing acquisitions and dispositions, Country Head managing a real estate portfolio of residential and office investments at Cargill Value Investment, and has also worked at Cushman and Wakefield, Jones Lang Lasalle and CBRE in Brazil and in a joint venture between Colliers International and a local builder developer in Madrid, Spain.

Mr. Villacorta received his Degree in Law from the University of São Paulo (USP) and earned an MBA from the University of Brighton in England. He is a MRICS, member of the Royal Institution of Chartered Surveyors and is a member of the OAB – Brazilian Bar Association since 1990.

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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 is 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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Camilo Otálora

Camilo Otálora Managing Director, Colombia Country Manager

Camilo Otálora

Managing Director, Colombia Country Manager

Camilo Otálora

Camilo Otálora is Managing Director and the firm´s Colombian Country Manager, based in Bogotá. He serves on the firm´s investment committee. 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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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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Alejandro (Alex) Krell

Alejandro (Alex) Krell Managing Director, Head of Central/South America

Alejandro (Alex) Krell

Managing Director, Head of Central/South America

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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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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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 is 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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George Pappas

George Pappas Managing Director

George Pappas

Managing Director

George Pappas
George M. Pappas is a Managing Director based in Paladin Realty’s Los Angeles office, where he leads the firm’s U.S. value-added investment business focused on repositioning Class B/C rental apartment properties in Southern California. For more than 35 years, Mr. Pappas has sponsored and managed investment vehicles that have acquired a range of income-producing real estate assets throughout Southern California, including over two dozen value-added apartment investments. George previously worked private equity investment firm led by former U.S. Treasury Secretary William E. Simon that acquired failed U.S. thrifts and savings and loans. In these prior roles, Mr. Pappas acted in a range of senior management functions, including in asset management and receivership capacities spanning virtually all types of real estate across a range of U.S. markets. In addition, he has served as an advisor to the U.S. SEC and bankruptcy courts on matters relating to complex, multi-use real estate assets. He previously founded Sunterra Golf, in partnership with American Golf Corporation co-founder Sandy Burns, and grew that company to more than $24 million in revenues and 200 employees, which was named as Crittenden Golf Magazine’s 2007 Management Company’s on the Rise.Mr. Pappas graduated from UCLA with a Bachelor’s degree in Economics and from the University of Southern California with a Master’s degree in Business Administration with a focus on Economics and Finance. For more than two decades he has served as the Honorary Consul General to Nepal, as well as on the boards of several civic and charitable organizations, including OPCC (fka Santa Monica Homeless Shelter) which provides housing for the homeless, and the Jorgenson Trust, which provides merit-based scholarships to the children of Los Angeles County Firefighters.
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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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Gisele Narisawa

Gisele Narisawa Vice President of Finance - Latin America

Gisele Narisawa

Vice President of Finance - Latin America

Gisele Narisawa

Gisele Narisawa is the Vice President of Finance – Latin America 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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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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Danilo Coenca

Danilo Coenca Asset Management Coordinator

Danilo Coenca

Asset Management Coordinator

Danilo Coenca

Danilo Coenca is an Asset Management Coordinator at Paladin Realty in Sao Paulo. Previously, Mr. Coenca worked at CPFL Renewable Energy, where he gained more than 10 years of administrative and financial experience. Additionally, he has worked at Highline Telecom, one of the largest developer 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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Julian Villacorta

Julian Villacorta Managing Director

Julian Villacorta

Managing Director

Julian Villacorta

Julian Villacorta is Managing Director based in São Paulo, Brazil. He serves on the firm’s investment committee. He has more than 25 years of experience leading investments and executing real estate projects in Brazil. He has worked in office, residential, mixed use projects and logistics parks. Before joining Paladin, he was Managing Director and senior project officer responsible for multi-billion high profile projects at Hines during the last 8 years, before that he was new business Director at Tishman Speyer doing acquisitions and dispositions, Country Head managing a real estate portfolio of residential and office investments at Cargill Value Investment, and has also worked at Cushman and Wakefield, Jones Lang Lasalle and CBRE in Brazil and in a joint venture between Colliers International and a local builder developer in Madrid, Spain.

Mr. Villacorta received his Degree in Law from the University of São Paulo (USP) and earned an MBA from the University of Brighton in England. He is a MRICS, member of the Royal Institution of Chartered Surveyors and is a member of the OAB – Brazilian Bar Association since 1990.

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Lucas Haddad

Lucas Haddad New Business Analyst

Lucas Haddad

New Business Analyst

Lucas Haddad

Lucas Haddad is a new business analyst based in Paladin Realty’s Brazil Office. Prior to joining Paladin, Mr. Haddad worked for Trisul, one of Brazilian largest public homebuilding companies focused on the mid-to-high end market, where he was responsible for acquisitions and project development. Mr. Haddad also worked for Tegra, a subsidiary of Canadian Brookfield Asset Management, where he worked on acquisitions.


A native of Brazil, Mr. Fagundes has a bachelor’s degree in Civil Engineering from Mackenzie University and a post-graduation degree in Business Administration from Fundação Getulio Vargas – FGV.

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Felipe Miguez

Felipe Miguez Senior Investment Manager

Felipe Miguez

Senior Investment Manager

Felipe Miguez

Felipe Miguez is a Senior Investment Manager based in Paladin’s Brazil office. Prior to joining Paladin, Mr. Miguez worked for Direcional/Forcasa, one of the largest affordable home builders in Brazil, where he was responsible for new business development, land acquisitions, and residential projects. Prior to that, he worked for Cyrela, the largest homebuilder and real estate company by revenue and market value in Brazil, in charge of new developments in the northeastern region of the state of Sao Paulo.

A native of Brazil, Mr. Miguez has a Bachelor’s degree in Civil Engineering from Mackenzie University and a MBA with a concentration in Real Estate from the Fundacao Getulio Vargas – FGV in Brazil.

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Fernando Souza

Fernando Souza Senior Engineering and Construction Manager

Fernando Souza

Senior Engineering and Construction Manager

Fernando Souza

Fernando Souza is a Senior Manager, Engineering & Construction based in Paladin Realty’s Brazil office. Mr. Souza is a member of the firm’s ESG Committee. Prior to joining Paladin Realty in 2011, He worked in Brazil as Technical Manager for Firestone Building Products, where he was responsible for supervising and approving projects using PMBOK methodology in several countries within South America and the United States. He was also responsible for strategic planning, process creation and the drafting of technical manuals and training programs.

Mr. Souza graduated from Universidade Presbiteria Mackenzie in Brazil with a Bachelor’s degree in Civil Engineering. He also received his Masters of Business Administration from the Fundação Getulio Vargas University in Brazil.

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Ricardo Rinaldi

Ricardo Rinaldi Senior New Business Manager

Ricardo Rinaldi

Senior New Business Manager

Ricardo Rinaldi

Ricardo Rinaldi is a Senior New Business Manager based in Paladin Realty’s Brazil office. Mr. Rinaldi has been working directly in the real estate market for nearly a decade. Prior to joining Paladin, Mr. Rinaldi conducted new business development at GoodStorage, São Paulo’s leading company in the self-storage sector, where he served as head of acquisitions. Before that, Mr. Rinaldi worked in Camargo Correa (CCDI) and Cyrela, both major real estate developers in Brazil, where he was responsible for originating, underwriting and managing new investments in the residential and commercial markets.A native of Brazil, Mr. Rinaldi holds a BSc degree in Economics from Universidade Federal de Viçosa – MG and a post-graduation degree in Real Estate from Fundação Instituto de Administração – FIA.

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Valter Rabotzke

Valter Rabotzke Asset Management Leader

Valter Rabotzke

Asset Management Leader

Valter Rabotzke

Valter Rabotzke serves as an Asset Management Leader 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 7 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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Colombia Office

Alejandro (Alex) Krell

Alejandro (Alex) Krell Managing Director, Head of Central/South America

Alejandro (Alex) Krell

Managing Director, Head of Central/South America

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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Camilo Otálora

Camilo Otálora Managing Director, Colombia Country Manager

Camilo Otálora

Managing Director, Colombia Country Manager

Camilo Otálora
Camilo Otálora is Managing Director and the firm´s Colombian Country Manager, based in Bogotá. He serves on the firm´s investment committee. 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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Carlos (Charlie) Gaviria

Carlos (Charlie) Gaviria Investment Director

Carlos (Charlie) Gaviria

Investment Director

Carlos (Charlie) Gaviria

Carlos Gaviria is Paladin Realty Partner’s Investment Director based in Bogotá. He is responsible for acquisitions and asset management of the firm’s investments in Colombia and the Andean region. Mr. Gaviria previously worked for CMS+GMP Asociados SAS, a Colombian real estate development company, where he was responsible for structuring various residential and commercial development projects. Prior to that, he worked in the investment banking industry in Colombia.

Mr. Gaviria earned his Bachelor’s degree in Economics from the Universidad de los Andes and Master’s Degree in Corporate Finance from the CESA University in Bogotá.

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Carolina Pinzón

Carolina Pinzón Financial Manager

Carolina Pinzón

Financial Manager

Carolina Pinzón

Carolina Pinzón is based in Paladin’s Bogota office and is the Financial Manager for the Andean region. Ms. Pinzón previously worked at Porvenir, the largest pension fund in Colombia, where she served as a Senior Analyst for the private equity team.

Ms. Pinzón holds a Bachelors of Science in Industrial Engineering from Universidad de los Andes, as well as degrees in Private Equity from Inalde School of Administration, Company Valuations from Universidad de los Andes, and Strategic Management from Universidad Javeriana.

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Carlos Andrés Jaramillo

Carlos Andrés Jaramillo Project Analyst

Carlos Andrés Jaramillo

Project Analyst

Carlos Andrés Jaramillo

Carlos Andrés Jaramillo is Paladin´s Project Analyst for the Andean region, based in Bogotá, Colombia. Mr. Jaramillo is a member of the firm’s ESG Committee. With past experience at a large local real estate development firm, he is a candidate for a Bachelors of Science in Business Management from Universidad de los Andes, with a minor in Business Law. Additionally, he holds a minor degree in International Business from Esade Business School, in Spain.   

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Diana Abril

Diana Abril Administration & Finance Coordinator

Diana Abril

Administration & Finance Coordinator

Diana Abril

Diana Abril is an Administration & Finance Coordinator 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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Peru Office

Alejandro (Alex) Krell

Alejandro (Alex) Krell Managing Director, Head of Central/South America

Alejandro (Alex) Krell

Managing Director, Head of Central/South America

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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Andrés Bautista

Andrés Bautista Investment Director

Andrés Bautista

Investment Director

Andrés Bautista

Andrés Bautista is based in Paladin’s Peru office where he serves as an Investment Director. Mr. Bautista is a member of the firm’s ESG Committee. 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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Noel Granados

Noel Granados Project Manager

Noel Granados

Project Manager

Noel Granados

Noel Granados is based in Paladin’s Peru office where he serves as a Project Manager. Mr. Granados is responsible for the asset management of the firm’s investments throughout Peru. Prior to joining Paladin in 2018, he was a Project Manager for Inmobiliaria Paz Centenario S.A., one of the largest real estate development companies in Peru, where he was responsible for the development and management of various middle and upper-income housing projects in Lima and other cities throughout the country.

Mr. Granados graduated from the Pontificia Universidad Catolica del Peru with a Bachelor’s degree in Civil Engineering. He also graduated from the Centrum PUCP Graduate Business School in Peru with a Master’s degree in Real Estate Development (MDI) and with a Master of Business Administration (MBA) from EGADE Business School (Mexico).

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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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Alvaro Rodriguez

Alvaro Rodriguez Investment Manager

Alvaro Rodriguez

Investment Manager

Alvaro Rodriguez

Alvaro Rodriguez is an Investment Manager based in Paladin’s Mexico City office. Mr. Rodriguez is involved in the acquisition and management of assets located throughout Mexico. Prior to joining Paladin, Alvaro worked for MIRA Companies, a fully-integrated real estate investment and development platform focused on commercial and residential properties, where he was responsible for the operation and disposition of over US$200 million in commercial assets. Prior to MIRA, he worked at Prudential Global Investment Managers (PGIM) focusing mainly on asset management for their low-income housing portfolio, among other reporting and fund management responsibilities.

Mr. Rodriguez holds a degree in Industrial Engineering from Universidad Iberoamericana and obtained a certificate in property valuation from New York University.

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Francisco Nunez

Francisco Nunez Asset and Construction Manager

Francisco Nunez

Asset and Construction Manager

Francisco Nunez

Francisco Núñez is an Asset and Construction Manager, based in Paladin’s Mexico City Office. Mr. Núñez also serves on the firm’s ESG Committee. Prior to joining Paladin, Mr. Núñez served as a Project Coordinator for Desarrolladora Del Parque, one of the largest and most innovative luxury apartment developers in Mexico City with over 1 million square meters built and over 12 years in the market. At Del Parque he was responsible for overseeing vertical housing developments and office developments of more than 80,000 square meters.

Prior to that, Mr. Núñez served as a Jr. Project Manager at Alpha Desarrollo where he was responsible for supervising a LEED-Certified office development from construction to operation.

Mr. Núñez graduated from Universidad Anáhuac with a Bachelor´s degree in Civil Engineering and including a certificate in Sustainable Development.

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Begoña Iriso

Begoña Iriso Investment Associate

Begoña Iriso

Investment Associate

Begoña Iriso

Begoña Iriso is an Investment Associate based in the Mexico City office. Ms. Iriso currently collaborates with her team in the execution of investments and asset management of Paladin’s investments in Mexico.

Prior to joining Paladin, Ms. Iriso worked at Deloitte, a professional services firm, within the Financial-Advisory Services unit, where she advised medium and large companies with project-financing needs. She was responsible for financial analysis and development of transaction materials.  Prior to Deloitte, Ms. Iriso worked at Everis, a multinational consulting firm providing business, strategy and business-development solutions; there, she was engaged in two telecommunications projects, helping in the implementation of a CRM system, and conducting a multi-country market study throughout Latin America.

Ms. Iriso graduated from the Instituto Tecnológico de Estudios Superiores de Monterrey as an Industrial and Systems Engineer with honors.

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