Almanac Realty Investors, a New York-based private equity real estate firm, named Justin Hakimian partner and a full-voting member of its investment committee. He was named to his new post internally two weeks ago and the appointment was disclosed to investors last Wednesday. He will be the fifth partner of the firm, along with founding partners Matthew Kaplan, D. Pike Aloian and John McGurk, as well as Andrew Silberstein, who joined Almanac in 2009 and was named partner in 2011.
Hakimian, 36, most recently was managing director at Almanac, where he was responsible for sourcing, structuring and executing transactions and sat on the boards of directors for the firm’s portfolio companies. He joined the firm in 2005 as an associate and was promoted to director in 2008 and then managing director in 2013. In recent years, Hakimian led the firm’s investments in CA Student Living, HRI Properties, Drawbridge Realty Trust, and JH Real Estate. Before joining Almanac, Hakimian was an associate in the equity research department at Morgan Stanley from 2001 through 2005, covering oil and gas companies.
“Since joining Almanac over a decade ago, Justin has developed into an exceptional investment professional, board member and team member,” said Matthew Kaplan, managing partner at Almanac. “He has become synonymous with the Almanac name and fully embodies the culture of putting investors first. It is with great pride and satisfaction that we announce he has become a partner of the firm.”
Founded in 1981, originally under the name Rothschild Realty, Almanac Realty Investors, provides growth capital to private and public real estate companies. The group has raised $4.7 billion related to a wide array of real estate opportunities, and through its Almanac Realty Securities series of funds, has committed or invested approximately $3.6 billion into more than 37 companies in North America. Last June, Almanac gathered a total of $1.4 billion for its latest fund, Almanac Realty Securities VII, and committed up to $262.5 million as the lead investor in Mack Real Estate Group’s new mortgage lending unit last October.