Company swoops for Ares Management exec to lead CRE unit
Angel Oak Capital Advisors has appointed Sumit Sasidharan as the new head of its commercial real estate (CRE) division.
The firm said Sasidharan’s appointment marks a strategic move to expand and enhance Angel Oak’s CRE fund offerings at an institutional level.
Sasidharan, who brings over two decades of experience in the CRE sector, will oversee around $300 million in CRE loans under Angel Oak’s existing lending platform. He plans to continue the firm’s engagement in the commercial mortgage-backed securities market and is set to explore innovative strategies for raising capital in the debt and equity CRE markets starting in 2024.
“We believe we can deliver an institutional approach to serving CRE financing needs in the middle-market space, stepping into the role that many banks once filled,” Sasidharan said in a press release. “At the same time, we will seek to create unique investment strategies for our investors who want to deploy new capital and take advantage of dislocations in the real estate market.”
Before joining Angel Oak, Sasidharan was a managing director and co-head of real estate capital markets at Ares Management. There, he managed a CRE portfolio with assets worth $52 billion. Sasidharan also played a crucial role in leading the capital markets team at Annaly Capital Management, where he developed a CMBS strategy and managed significant equity investments.
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“Sumit is the best fit to lead this growth initiative and evolve our CRE platform, as he brings an exceptional track record of scaling and managing CRE-focused funds at the institutional level,” said Sreeni Prabhu, co-founder and managing partner at Angel Oak. “We are excited for him to join our team as we work to deliver exceptional outcomes for our investors.”
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