ESR hires former Mesirow exec for senior role in Asia – Exclusive

Joshua Daitch is relocating to Singapore to join the pan-Asia logistics specialist.

Joshua Daitch has joined the pan-Asia logistics specialist e-Shang Redwood as a senior managing director for investments and capital, PERE has learned.

The industry veteran will be moving to Singapore from the US, where he was most recently running a real estate merchant banking firm called SAJE Capital, which he founded in early 2015.

An ESR spokesperson told PERE that this is a newly-created position. Daitch will be assuming responsibility for the management and monitoring of the investment underwriting, funds management and capital teams across the ESR platform, with a primary focus on Japan, Singapore and India.

Daitch has previously worked with the Redwood Group, prior to its merger with e-Shang to form ESR in 2016, as a consultant for a transaction in Australia in late 2015.

With over 25 years of real estate investment experience, Daitch held several senior positions in his 14-year-tenure with Mesirow Financial, the Chicago-based financial services firm. As senior managing director, he founded the firm’s real estate investment management division, and formed and led its real estate multi-manager group. In 2015, Mesirow decided to exit the real estate multi-manager business. The process involved shutting down the firm’s institutional real estate fund of funds platform, dismantling its team, and transferring the management of the existing funds to Courtland Partners, as PERE had reported at the time.

This is the second high-profile hire by ESR in the past 12 months, after appointing Philip Pearce to lead its operations in Australia. Pearce, formerly the Greater China executive director of the Sydney-headquartered industrial property group Goodman Group, joined the board of ESR Fund Management in April 2017 and went on to take the mantle of chief executive for Australia in December.