Rockwood promotes two

The value-added real estate firm has promoted David Streicher to partner and appointed veteran Jennifer Levy as CFO with responsibility for accounting, tax and reporting.

Rockwood Capital has promoted David Streicher to partner and Jennifer Levy to chief financial officer.

Streicher is based in New York and has been promoted from senior vice president. He will be responsible for all of Rockwood’s financing and debt structuring and capital market activities.

He joined Rockwood in 2004 from real estate developer, manager and financier The Related Companies.

Levy has been at Rockwood for 10 years and was most recently a San Francisco-based managing director. She will be responsible for financial accounting, tax compliance and structuring, and financial reporting while maintaining oversight of human resources, information technology and administration.

Prior to joining Rockwood, Levy was controller of US football team the Oakland Raiders responsible for operational accounting and audit and tax oversight.

Rockwood has roughly $2.7 billion in equity commitments under management and closed its seventh value-added real estate fund, Rockwood Capital Real Estate Partners Fund VII, on $1.1 billion in December 2006 with commitments from 54 limited partners. The firm is currently fundraising for Fund VIII which has commitments including $100 million apiece from the San Francisco Employees’ Retirement System and The State Retirement and Pension System of Maryland.

The firm’s current portfolio includes $2.9 billion of equity invested in $6.2 billion of real estate including the office, technology, residential, retail and hospitality sectors.