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Any inquiries from the press should be directed to:


Evan Pickering
Vice President
(310) 996-8755
epickering@paladinrp.com

Paladin Realty Adds Camilo Otálora as Managing Director and Colombian Country Manager

Paladin Realty Partners, LLC, a boutique real estate private equity fund manager and operator focused on the Americas, announced today that it has hired Camilo Otálora as Managing Director and Colombian Country Manager. Mr. Otálora will be based in Paladin’s Bogotá office and serve on the region’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.

 
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Paladin Realty Adds Senior Executive to Los Angeles Office to Lead U.S. Value-Added Apartment Business

Paladin Realty Partners, LLC, a boutique real estate private equity fund manager and operator focused on the Americas, announced today that it has hired George Pappas as Managing Director to lead the firm’s U.S. value-added investment business focused on renovating and repositioning Class B and C rental apartment properties in Southern California. He will be based in the firm’s Los Angeles headquarters and serve on its Investment Committee. 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. He previously worked for a 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.

 
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Paladin Realty Pioneering the Development of Purpose-Built Rental Apartments in São Paulo, Brazil

Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, has announced a new programmatic joint venture to develop a portfolio of purpose-built rental apartment properties in São Paulo, Brazil. The venture has initially committed in excess of R$130 million to capitalize its first projects, with the intention of increasing the size of the program as more sites are identified. While more than 40% of households in São Paulo are believed to be renters, there are few purpose-built, institutional quality apartment buildings due to a historical lack of debt financing and other factors. As a result, the existing rental market is comprised largely of “mom and pop” landlords who may rent one or two condominiums, providing a compelling market opportunity for well capitalized institutional investors to build and operate a portfolio of purpose-built rental apartment buildings. With a population of over 20 million, São Paulo represents an ideal market to launch the venture’s strategy.

 
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