CCRE hires BlackRock exec to head new IM business

The Cantor Fitzgerald affiliate has named Chris Milner as head of investment management as the firm hopes to expand into the investment management business.

Cantor Commercial Real Estate (CCRE), an affiliate of Cantor Fitzgerald, has hired a former BlackRock executive to head up its expansion into the investment management business.

A statement from the New York-based commercial real estate finance company reveals that CCRE has appointed Chris Milner to the newly-created post of head of investment management. Milner will report to Anthony Orso, chief executive officer of CCRE. 

Orso said in a statement: “Investment management is a logical extension of CCRE's established national platform and will be a critical component of our business model. We are very excited to have Chris join our senior management team to lead the development of this business.” 

Prior to joining CCRE, Milner spent 14 years at BlackRock and was a co-founder of its commercial real estate (CRE) debt business, global head of CRE debt and president of the Carbon Capital series of private real estate debt funds. In addition, he was responsible for global CRE debt portfolio management across all BlackRock accounts. 

Before BlackRock, Milner held several senior positions at PNC Real Estate Capital Markets, where he co-founded the bank’s CMBS program and was responsible for origination, underwriting and securitization of all commercial mortgage conduit production as well as the resolution of distressed commercial real estate loans. Milner also was a member of the M&A teams at PNC, which acquired BlackRock and Midland Loan Services.

“During my tenure at BlackRock and PNC, I was able to learn a great deal from some of the very best minds in investment management and commercial real estate lending,” Milner said. “I hope to further contribute to the growth of CCRE and build on the firm's successes and world-class commercial real estate platform.”