Home Alts News KBS Appoints New Chief Executive Officer and Chief Financial Officer

KBS Appoints New Chief Executive Officer and Chief Financial Officer

KBS, a private equity real estate company and sponsor of non-traded alternative investments, has made a number of leadership appointments including chief executive officer, chief financial officer, and vice president/asset manager.

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KBS, a private equity real estate company and sponsor of non-traded alternative investments, has appointed Marc DeLuca as chief executive officer, Jeff Waldvogel as chief financial officer, and Luke Hamagiwa as vice president/asset manager. The firm has also established an executive committee.

KBS was founded in 1992 by Chuck Schreiber, Peter Bren, and Don Koll. Koll passed in 2011 aged 78, while Bren, who was KBS’s president and chairman for more than 25 years, died in June 2019 aged 85.

Schreiber served as CEO for 23 years and has taken the new role as president and chairman, where, according to the company, he will “focus on the strategic vision and future of KBS.”

DeLuca, who joined KBS eight years ago and served as eastern regional president, will take the helm as the firm’s new CEO. In his new role, he directs the firm’s business activities and oversees all operations including the acquisition and management of individual investments and portfolios of real estate assets.

DeLuca will continue his role of eastern regional president, responsible for all acquisitions, dispositions, and asset management activities in the eastern United States. Further, he will continue to serve as chairman of the investment committee which reviews and approves all new investments for the firm.

Waldvogel, who was appointed to the newly created CFO position, has been with the firm for 11 years and has more than 19 years of financial and accounting experience in the real estate industry. In his new role, he is responsible for the financial management, accounting and reporting of KBS’s public and institutional investment funds, and is a member of the investment committee.

Waldvogel served in a similar capacity at KBS Realty Advisors, and previously, as director of finance and reporting for the company. Prior to KBS, he was a senior manager with Ernst & Young in the assurance services group.

Additionally, KBS promoted Hamagiwa to vice president/asset manager of the eastern region. In his new role, he will be responsible for carrying out investment objectives throughout the mid-Atlantic and northeastern United States on behalf of KBS REIT, pension fund, and sovereign wealth fund clients. He is responsible for the execution of business plans for each of the assets within his portfolio along with new acquisition opportunities and joint-venture partnerships.

Hamagiwa joined KBS in 2016 and served as an analyst/associate. He has reportedly led the acquisition and disposition of more than 2.1 million square feet of assets with a transactional value of more than $421 million. He currently oversees a portfolio of eight Class A properties within the District of Columbia, Maryland, Virginia and Philadelphia markets totaling more than 1.6 million square feet.

Celebrating 30 years in business this year, KBS and its affiliates has completed transactional activity of more than $44 billion on behalf of private and institutional investors globally.

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