Pembrook Capital Management has tapped a former executive of the Ford Foundation’s urban development program to work on both investor relations and socially-conscious investments.
The New York-based commercial real estate investment manager hired Lisa Davis as a director, the firm said last week. Davis started earlier this month and reports to Stuart Boesky, the firm’s chief executive officer.
In the newly-created position, Davis is working in investor relations with the firm’s socially motivated investors. She will also originate investments that promote affordable housing, job creation and revitalization of underserved neighborhoods, according to the company’s statement.
“Corporate citizenship through lending that promotes affordable housing, job creation and that reinvigorates communities has always been a part of the Pembrook DNA,” Boesky said in the statement. “Since inception, Pembrook sponsored funds have been responsible for over $500 million of such investments. Lisa's diversity of experience, skill set and stature in the industry will make her an important addition to our team as we execute on our present and future initiatives.”
Before her nearly seven years at the Ford Foundation, Davis was the vice president of development at New Boston Fund, a private real estate investment management firm, where she directed master planning, investment and development of over $300 million in mixed-use projects in Boston.
Pembrook, founded in 2006, invests in and originates commercial real estate debt to finance all parts of a capital structure including first mortgages, mezzanine, bridge loans, note financings, and preferred equity across the US. The firm invests in most commercial real estate property categories, including multifamily, office, retail and industrial.