Alternative investment manager HQ Capital has promoted one of its directors to co-head of real estate, the New York-based firm said last week.
Jeremy Katz will lead HQ Capital Real Estate with Paul Doocy, who joined the firm in 1994. Katz joined HQCRE in 2007 and also served on the board of directors for the firm’s Orlando, Florida-based affiliate Foundry Commercial.
HQ, which has headquarters in both New York and Frankfurt, was founded in 2015 through the merger of three investment managers: Auda, Real Estate Capital Partners and Equita. HQ’s anchor investor is the family office of Harald Quandt, a German industrialist who died in 1967.
“Mr. Katz joins a dedicated senior management team that has an average tenure at the firm of more than twenty years,” said Georg Wunderlin, HQ’s chief executive. “His appointment is aligned with our goal to foster future leadership from within the firm.”
The firm’s real estate arm invests across property types in the US through joint ventures, separate accounts and single-asset transactions, according to its website.
The firm’s most recent publicly-available transaction was the May sale of 3100 Breckenridge Boulevard, a 6-building suburban office property in Lawrenceville, Georgia for $19 million, according to data provider Real Capital Analytics.
HQCRE managed about $5.2 billion in assets as of March 31.