Paladin Realty Partners, a Los Angeles-based real estate investment fund manager, has hired Daniel Takase as an investment director based in its São Paulo office. As a senior member of the firm’s nine-person Brazil team, Takase will be responsible for originating and managing new investments, as well as working the firm’s direct development projects in Brazil.
In the newly-created post, Takase will report to Ricardo Raoul, managing director and head of Brazil at Paladin. Raoul himself joined the firm last year to replace Axel Chaves, who left to join Jamestown Latin America.
Takase most recently worked for Fibra Experts, a large Brazilian real estate investment and development company. During his six-year tenure at the company, he handled new business development, land acquisitions, joint venture partnerships, leasing and dispositions of commercial and industrial projects in Brazil. Prior to that, he served for two years as a new business manager in the Brazilian office of Tishman Speyer, where he was responsible for residential and commercial land acquisitions, as well as leasing and management of several commercial properties in Brazil.
“We continue to see many attractive real estate investment opportunities in Brazil,” said Raoul. “With his local market knowledge and strong background in real estate development and management, Daniel will make an immediate contribution to Paladin Realty as we continue to invest the capital of our fourth investment fund.”
Paladin currently is in the market with Paladin Realty Latin American Investors IV, which began pre-marketing in late 2011 and is targeting $400 million. The firm held a first close last March, raising $75.7 million from the California State Teachers’ Retirement System, and subsequently collected an additional $100 million from Overseas Private Investment Corporation in May, according to documents from the US Securities and Exchange Commission and those investors.
To date, Paladin has made two Brazilian investments on behalf of the fund, including the formation of a joint venture with YOU Inc. last March to develop middle-income housing in São Paulo, and a $60 million partnership with Construtora Altana in May to build more than 2,400 low- and lower middle–income residential units in metropolitan São Paulo. The firm also expects to launch another Brazilian project with existing partner in the next few months and is in talks with a new potential partner on another venture in the country.