Core Spaces Enters Retail Investor Channel With Veteran Hires to Lead Global Wealth Management Platform

Core Spaces – a vertically integrated company focused on acquiring, developing, managing, and lending across the student housing and build-to-rent sectors – has hired two industry sales veterans, Tom and John Dine, to lead its global wealth management platform. As managing directors, the partners will distribute Core’s investment offerings to high-net-worth individuals via wealth advisers and to grow Core’s student housing portfolio, as well as hire and develop a team of industry professionals to further advance the platform.

The global wealth management division will provide financial intermediaries with access to what Core describes as “institutional investments that were previously unavailable to high-net-worth individuals.”

“The fundamentals in student housing remain strong and it’s proven to be an increasingly attractive asset class for private wealth. We saw an opportunity for individual investors to join us in greater scale as we continue to execute the same investment strategies that have historically proven successful,” said John Wieker, chief investment officer at Core Spaces.

“There is no better time to launch this platform and we’re thrilled to have Tom and John onboard to lead this new endeavor. Their relationship-first approach sets them apart and will enable them to successfully build this platform to further propel our growth forward,” added Wieker.

Since 2010, Core’s student housing portfolio currently includes more than 37,400 beds owned/managed with a strong pipeline of over 35,000 beds in various stages of development.

Tom and John Dine collectively bring over 40 years of experience in alternative investments with a focus on real estate, private credit, and private equity.

Tom began his career as a financial adviser at UBS while John was a senior trader in Chicago. The two teamed up at W.P. Carey Inc., where they served as vice presidents responsible for wholesaling the company’s non-traded investment offerings.  They continued their professional partnership at Griffin Capital as senior vice presidents raising capital in the registered investment adviser, wire house, and independent broker-dealer channels. Just prior to joining Core, the pair were directors at Apollo Management Inc. following its acquisition of Griffin Capital’s wholesale distribution arm in March 2022.

“Core’s unique investment strategy has a proven track record of delivering outsized returns to its long-time institutional investors and, with this new platform, we are bringing the same opportunity directly to the high-net-worth market to share in the financial success of this growing asset class,” said John. “Student housing is unique, and Core’s approach is unmatched. This isn’t something many financial advisers have historically had access to, which puts us in a strong position to build something valuable together, alongside our clients.”

Tom added, “We firmly believe this is the future of funding, and we are excited about the opportunity to be some of the first to get this off the ground. But what really attracted us to Core, first and foremost, was the incredible company culture. The entire team is dedicated to nurturing innovation, which we agree is the foundation for success. As we look to grow this platform and build a diverse and talented team, we hope to reinforce this brand ethos across our own business vertical as well.”

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