Madison International Realty has hired former Tishman Speyer managing director Bradley Carroll to help source deals in major US cities.
The New York-based secondaries and recapitalisation investment firm said Carroll was appointed as managing director responsible for business development strategy and sourcing deals in the US.
Earlier this month, Madison opened an office in London, hiring former Bell Capital Partners and Lehman Brothers executive Sean Kelly-Rand as director.
Kelly-Rand was formerly vice president of the financing boutique Bell Capital, arranging subordinated capital for European real estate transactions. Prior to that, he worked at Lehman Brothers underwriting and structuring equity, bridge equity, mezzanine and senior debt transactions.
Carroll spent eight years at Tishman, most recently overseeing three emerging market real estate funds and previously managing acquisitions and dispositions for Tishman in the New York, Southern California and Midwest regions, the statement said. Before Tishman, Carroll was an associate at Bear Stearns & Co., where he originated and underwrote large loans and conduit mortgages for securitization. Previously, he was a senior analyst with a boutique real estate advisor in New York City.
Madison is currently eyeing LP equity interests in core joint venture projects and recently closed on $10 million of investor interests in New York’s Chrysler East Building. The transaction – equivalent to an additional 10.4 percent stake in the 32-storey office – takes Madison’s stake in the property to almost 50 percent.