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TruAmerica Multifamily, a nationwide, institutionally-focused multifamily funding agency, is rising its capital markets group with the addition of Rob Kukulka, who joins as a Capital Markets Advisor, Center East, based mostly out of TruAmerica’s Chicago workplace.
Previous to becoming a member of TruAmerica, Mr. Kukulka not too long ago relocated again to Chicago from Abu Dhabi, the place he had served for a decade because the Abu Dhabi Funding Authority’s (ADIA) World Head of Capital Markets and Deputy COO-Actual Property and Infrastructure Division. On this management position on the sovereign wealth fund owned by the Emirate of Abu Dhabi within the United Arab Emirates, he was chargeable for roughly $20 billion in capital markets exercise and managed relationships with fund managers and separate accounts globally.
Noah Hochman, Co-Chief Funding Officer and Head of Capital Markets for TruAmerica, mentioned, “Our worldwide development technique is rooted within the continuation of a profitable international capital markets presence. Because the twenty fifth largest multifamily proprietor and operator, and having simply celebrated TruAmerica’s 10-year anniversary, we sit up for fostering new relationships throughout the Center East that align with our mission to offer naturally reasonably priced housing throughout multifamily and build-for-rent.”
Whereas serving at ADIA, Mr. Kukulka oversaw ADIA’s roughly 30 to 40 financings yearly and coordinated exercise with funding groups and exterior companions. He established danger administration protocols for debt positions together with covenant compliance, hedging coverage and annual stress testing.
Stella Pappas, TruAmerica’s Senior Managing Director and Head of Investor Relations, mentioned, “As we develop TruAmerica’s capital markets and investor relations presence globally, Rob brings distinct insights and experiences that span throughout the Center East funding panorama. We sit up for working with Rob to develop our partnerships throughout the area.”
Previous to ADIA, over the earlier 25 years, Mr. Kukulka had held senior capital markets and credit score roles at such companies as Heller Monetary, Merrill Lynch Capital, Picerne Capital and Fundcore Finance Group, Black Creek Capital’s Chicago-based subsidiary, serving as a Principal, dealing with originations of first mortgage loans on performing belongings for steadiness sheet.
Previous to that, Mr. Kukulka established Picerne Capital in Chicago as a brand new subsidiary of The Picerne Group, a Southern California based mostly actual property investor, to originate funding alternatives together with discounted industrial mortgage mortgage portfolios, entire loans, and investments in CMBS. Serving as Managing Director, he developed enterprise technique and constructed a employees of six professionals that bought $500 million of belongings together with REO and discounted notes.
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