Asia Pacific Land (APL) is building up its US presence, starting with the selection of industry veteran William Scully to lead local investments.
The Hong Kong-based real estate investment firm announced at the end of February that Scully will oversee the firm’s efforts to source and execute investments in select real estate markets across the country. The firm declined further comment on Scully’s hire.
Scully, who is based in New York, brings more than 30 years of experience in real estate investment, development and asset management in both the US and Asia. In 2011, he formed real estate advisory firm Cashel Advisors and previously was a managing director at Cerberus Capital Management, the New York-based private equity firm, for about five years. Prior to that role, he was a partner at Apollo Real Estate Advisors for almost eight years, where he ran the firm’s mezzanine lending operation, according to media reports. Scully also held various investment, development and asset management positions at The O'Connor Group, GE Capital Real Estate and Landauer Associates.
Scully will work under Hong Kong leadership that includes co-founders William Schoenfeld, the firm’s president and chief executive, and Richard Reitknecht, the firm’s executive vice president. Simon McDonald is APL’s head of asset management, according to the firm’s website.
Founded in 1994, APL’s operations have focused on investing its own capital as well as raising capital from investors primarily for investments within Asia. The firm is based in Hong Kong with offices in Tokyo, Shanghai and Taipei.