Croatan Investments, a sponsor of Delaware statutory trust offerings and other private placements, announced the addition of Chanell Briggs as senior vice president of portfolio management.
Croatan says Briggs will be responsible for all portfolio management activities for the firm, including both asset management and fund management functions. Leading a team of professionals, she will be part of Croatan’s executive committee and will ensure the execution of each investment’s business plan with an “unwavering focus on value creation and enhancement” for each investment as well as the company’s funds and investment vehicles.
“Chanell has a proven track record of building and leading successful portfolio management teams for institutional-grade sponsors and will be integral to managing our investments once capital has been deployed,” said chief executive officer, Paul Van. “Her parallel focus on top-down oversight of our entire portfolio and fund vehicles will allow Croatan to execute its goal of becoming a nationally-recognized institutional-fund manager.”
With more than two decades of experience, Briggs has focused on finance, underwriting, asset and portfolio management. She most recently served as vice president of equity asset management for Pacific Coast Capital Partners, where she prepared business plans, investment strategies and proforma projections for each project to enhance long term value. There she played a lead role in asset disposition, refinancing and debt restructuring and worked closely with joint venture partners to manage brokers, property managers, construction and project managers and attorneys to provide clear direction in executing on both the portfolio’s strategy and the specific asset’s business plan.
Briggs’ earlier real estate experience includes asset management roles at Hudson Capital Properties and Capri Capital Partners. Prior to receiving her MBA, she worked for Morgan Stanley as a senior manager within their equity derivatives division. Briggs received her bachelor’s in accounting from Hampton University and earned her MBA from Duke University’s Fuqua School of Business.
Croatan Investments is a private equity real estate manager focused on multifamily investments. Founded in 2004 and headquartered in Virginia Beach, the firm has team members operating in Austin, Dallas, Atlanta, New York City, Washington D.C., and Singapore. Its portfolio currently consists of multifamily assets across the Mid-Atlantic and Sun Belt regions.
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