Situs, a leading provider of global commercial real estate advisory services, today announced that Managing Director Andrew Serling has been appointed Head of Ranieri Partners Asset Management, Situs’ registered investment advisor.
In his new role, Serling will provide strategic direction to the investment advisor and present Situs with business development opportunities as they pertain to commercial mortgage backed securities (CMBS) bond investors. Additionally, Serling will continue to serve as Managing Director for the parent company, Situs.
“This is a significant appointment at a pivotal time for Ranieri Partners Asset Management, and we are confident that Andrew’s leadership qualities, combined with his strategic thinking and relevant experience, will enable him to leverage the key attributes of the Situs Platform,” said Steve Powel, President of Situs. “I am certain that Andrew’s approach and his unparalleled track-record of integrity and delivering client focused results will be highly valued and complementary to our board business.”
A senior financial executive and self-directed leader, Serling brings more than 20 years of experience in real estate capital markets and investments. Throughout his career, Serling has managed teams comprised of traders, analysts, and operations professionals under various investment platforms.
“This is a remarkable opportunity to further develop and grow Ranieri Partners Asset Management,” said Serling. “The Situs platform is well-positioned to cultivate opportunities across the global commercial real estate (CRE) capital markets industry. Furthermore, we look forward to partnering with existing and future clients to assist them by supporting, identifying and executing favorable investment opportunities.”
Serling joined Situs in January 2013, after having spent 15 years with Berkadia Commercial Mortgage and its predecessors Capmark Investments LP and GMAC Commercial Mortgage, where he was Head Trader and a founding member of the Debt Investment Group. In addition, he was a founding member of the CMBS trading business at Lehman Brothers. Serling received his Bachelor’s degree in economics from George Washington University, and earned his Master of Business Administration in Finance from the State University of New York at Albany. He also holds a Master of Science in Real Estate Development and Investment Analysis from New York University.