Los Angeles-based investment bank Houlihan Lokey has hired Jeffrey Altman as managing director of the firm's newly formed real estate strategic advisory group.
According to an announcement by the company, Altman will focus on merger and acquisition advisory, capital raising and other strategic advisory mandates for public and private real estate companies, lenders and investors. A report from The Wall Street Journal stated that he will be working out of the New York office.
Houlihan Lokey's board recently combined all of the firm's real estate advisory services into one group, led by managing director Matthew Niemann. “As deal activity continues to pick up in both healthy and distressed real estate, Jeff's expertise will be a valuable addition to our team,” Niemann said in a statement.
“We have strengthened our transactional real estate talent and combined them into one group to provide a broader array of services to our clients in the ever fluid area of real estate mergers, acquisitions, finance and restructurings,” added Robert Hotz, global co-head of corporate finance at the firm.
Altman said he is excited to join Houlihan Lokey “at a time when the firm is expanding around the world.” Currently, it has 14 offices in the US, Europe and Asia.
Prior to joining Houlihan Lokey, Altman spent the past 13 years at Lazard, where he worked on more than $50 billion in real estate and lodging-related transactions, most recently advising Extended Stay Hotels and Highland Hospitality in their merger, acquisition and restructuring transactions. Prior to that, he was an associate in Arthur Andersen's corporate finance group.