Bluerock Capital Markets LLC, the managing broker-dealer for real estate investment firm Bluerock Real Estate, has hired Ambrose Aston, who until their recent restructuring served as a senior regional vice president for Griffin Capital Securities.
Aston was responsible for the wholesale distribution of Griffin Capital-sponsored investment offerings in the states of Georgia, Alabama, Mississippi, Arkansas and Northern Florida. He will serve in an identical capacity with Bluerock but will trade Georgia for Tennessee in his sales territory.
Aston reunites with Jeffrey Schwaber, his former boss at Griffin Capital Securities who became CEO of Bluerock Capital Markets late last year. He is also joining three other former top producing wholesalers from Griffin who joined Bluerock in recent weeks – Damian Gallagher, Bruce Pomper and Jason Van Dusen.
“At Bluerock, we are laser-focused on providing the finest investment programs and professional service in the industry to our advisor partners and their clients,” said Schwaber. “The addition of extraordinary professionals like Ambrose, Damian, Bruce and Jason demonstrates our sincere commitment to these goals and I couldn’t be more pleased to have them join our exceptional team.”
During Schwaber’s tenure as president of Griffin Capital Securities from January 2012 to August 2016, the firm raised more than $7 billion in investor equity. Aston was responsible for approximately $400 million of that total.
Schwaber added, “I believe that success is firmly rooted in the exceptionalism of a team’s personnel – their professionalism, honesty and devotion to those they serve. The incredible success we are experiencing at Bluerock is testament to this philosophy, and the addition of Aston will only serve to further accelerate our growth.”
According to Schwaber, Bluerock had a record month in October on multiple fronts, including the highest total monthly equity raise in the firm’s history, equaling approximately $64 million.
Both Bluerock Total Income+ Fund, the firm’s interval fund, and Bluerock Value Exchange, their vertical 1031 exchange platform, also set new single month records for equity raise, according to Schwaber.