Newport Beach, CA-based KBS Capital Markets Group, a distributor of alternative investment products, has hired Christopher Cannata and David DiDonato as regional vice presidents. The team also revealed the promotion of Russell Browning to regional vice president.
Browning joined KBS in 2015 as an internal sales associate. In his new role of regional VP, he is tasked with building relationships with financial advisors throughout Northern California, Nevada and Hawaii, and distributing alternative investment offerings sponsored by KBS. Prior to joining KBS, he worked at Cushman & Wakefield.
According to Jeff Kremin, national sales manager of KBS, “these three gentlemen bring a strong background of relevant experience to KBS Capital Markets Group.”
Cannata and Mr. DiDonato join KBS with extensive experience as both financial advisors and wholesalers, Kremin adds. They were both most recently wholesalers for W.P. Carey in their respective territories. Cannata will support the Southeast region, including Alabama, Florida, Georgia and Mississippi, while DiDonato will support Southern California.
“The growth of KBS Capital Markets Group’s brand and reputation in the industry is a key initiative for us,” explains Mick Manning, president and CEO of KBS Capital Markets Group. “The promotion of Russell and hiring of Christopher and David highlights our continued effort to making sure we have the best people in place to offer financial advisors and their clients incomparable service and support for their alternative investment business.”
KBS Capital Markets Group is a distributor whose team connects financial advisors and their clients to KBS-CMG product offerings. KBS-CMG was formed in early 2005 to distribute a broad range of real estate and real estate-related investment products exclusively through investment professionals.
In recent KBS news, as The DI Wire reported, it recently debuted its direct-access online platform – KBSDirect.com – for accredited investors and advisors to invest in KBS Growth & Income REIT in a $500 million Regulation D offering with no load or upfront fees to investors. The first investment opportunity on the KBSDirect.com portal is KBS Growth & Income REIT Inc., a public reporting, non-traded real estate investment trust with a targeted asset value of $1 billion to $1.2 billion.
As previously reported by The DI Wire, KBS Growth and Income REIT closed its initial public offering at the end of June to focus the online private offering. To date, the REIT’s portfolio is comprised of three equity properties valued at approximately $150.4 million.