Thompson National Properties, the private equity real estate firm founded by former Grubb and Ellis chairman Anthony Thompson, has appointed Lauri Schutz as chief financial officer of its $250 million opportunity fund.
Schutz, former finance vice president of senior housing operator Renaissance Senior Living, will be responsible for all financial reporting and accounting at the fund, called the Bruin Fund.
Thompson launched the Irvine, California-based firm – which invests on behalf of high-net-worth US and international institutional investors – in May saying current market conditions represented a “once in a lifetime opportunity. Buy into fear and sell into greed has never been more appropriate.”
Thompson, who co-founded Triple Net Properties with Jack Maurer in 1998 before it was bought out by Grubb and Ellis in 2007, has already lured Maurer to the firm as vice-chairman, partner and founding member, along with former NFL American football quarterback Cade McNown, who joined as senior vice president of investor development. He has also hired Darrell Betts, a former senior vice president Grubb and Ellis, as chief investment officer and president of Thompson’s Middle East fund.
Prior to Renaissance, Schutz was accounting manager at MBK Senior Living Communities, a division of development company MBK Real Estate.