As part of the firm's ongoing strategy to enhance its footprint and rebrand itself, Andreas Calianos has joined Dome Equities – which spun out from NDC Capital Partners – as chief investment officer and partner. Calianos is replacing Eric Jones, who has been promoted to chief executive officer.
Calianos told PERE that he joined Dome Equities because of its focus on US multifamily properties – a strong and growing asset class. “In this environment, you want be in a sector that has a wide performance band,” he said. “Apartments are going to do well as the economy slows and owners become renters. Also, apartments always do well when there's job growth.”
Previously, beginning in 2008, Calianos was managing director at Commonfund, where he oversaw the creation of new real estate fund products, directed global real estate strategy and capital markets research and was responsible for new business development in China. Prior to Commonfund, he was president of institutional real estate strategy and risk consultancy firm Real Estate Consulting Alliance.
“We have successfully collaborated with Andreas on investment strategy and research for more than 15 years and his DNA is well established in our company,” said Jones in a statement. He added that Calianos's “experience with institutional investors and real estate investment skills will serve to broaden our platform.”
Separately, Calianos joining the firm follows the announcement in August that Louis Caiola joined Dome Equities as a partner responsible for distribution of the firm's real estate private equity offerings. Previously, Caiola was a senior vice president at UBS and a director at Deutsche Bank, where he advised high-net-worth, family office and institutional clients on investment strategies.
In June, it was announced that the management team of NDC Capital Partners formed Dome Equities. The firm focuses on value-added and opportunistic real estate strategies in the US. Currently, Dome Equities has $747 million in assets under management.