SAN FRANCISCO--(BUSINESS WIRE)--Carmel Partners (“Carmel”), the real estate investment management firm, announced today the promotion of Daniel Garibaldi to Managing Partner, Development & Construction.
“Dan and the team he has built have consistently created value for Carmel through the design and construction of high quality developments,” said Ron Zeff, Chief Executive Officer of Carmel. “Under Dan’s leadership, Carmel has committed to develop 9,500 units in 22 properties with a total capitalization of over $3.4 billion.”
Mr. Garibaldi, 45, most recently Senior Vice President, Development, re-joined Carmel in 2010 to lead all development activities. Prior to that, Mr. Garibaldi was Senior Managing Director for Trammell Crow Residential (TCR), leading all entitlement, financing and development activities in its Northern California Division. He joined TCR in 2004 and broadened development beyond apartment communities to include for-sale housing. Previous to TCR, Mr. Garibaldi was a Partner at Carmel where he led acquisition efforts in the Pacific-Northwest. During his first tenure at Carmel, he acquired and repositioned apartment communities and led the firm’s entry into condominium conversions. Prior to Carmel, Mr. Garibaldi was a Senior Associate in U.S. Bancorp Piper Jaffray’s Investment Banking Division where he led equity offerings and M&A assignments for companies in the online and financial services industries.
He received a bachelor’s degree in Economics and Italian from The University of Notre Dame and an M.B.A. degree from the Stanford Graduate School of Business.
About Carmel Partners
Founded in 1996, Carmel Partners is a sector-specialist in real estate investment management. Carmel seeks superior risk-adjusted returns across varying market cycles by adhering to a philosophy of specialization in U.S. multifamily investments and execution of value creation strategies through a vertically integrated platform. Since its founding Carmel Partners has bought and renovated 20,979 apartments units with a total market value of $4.7 billion and has developed, or is in the process of developing, 12,242 apartments units with projected project costs of $3.7 billion. Through its real estate funds, Carmel Partners invests on behalf of over 60 institutional investors including many of the nation's leading endowments, foundations, pension plans and family offices. Headquartered in San Francisco, Carmel has offices in Los Angeles, Irvine, Seattle, Denver, Honolulu, Washington D.C. and New York. For more information please visit www.carmelpartners.com.