Palladius Capital Management, a vertically-integrated real estate investment manager focused on pursuing multi-family, student housing, hospitality and select thematic investment strategies, has appointed real estate and finance executive Afshin Kateb as CFO/head of hospitality investments.
In his new roles, Kateb, based out of Palladius’ Los Angeles office, is responsible for overseeing the firm’s finance, accounting and risk management departments as well as its multi-family asset management team. He also serves as a member of the firm’s investment committee and heads the hospitality investment arm of Palladius and its sister funds.
He brings 25 years of real estate investing, operating and finance experience to Palladius. Over the course of his career, he has led or co-led more than $2 billion in hotel, multi-family, office, retail and mixed-use transactions. Prior to joining Palladius, he served as the founding CFO of Nimes Real Estate, where he worked closely with members of Palladius’ executive leadership team.
As CFO of Nimes Real Estate, Kateb managed the finance department, including accounting, tax, internal and external reporting, treasury and cash management, risk management, asset and project management and financial planning and analysis. He was also a senior member of the firm’s investment committee and was instrumental in overseeing a portfolio of multi-family, student housing and hospitality assets. He previously served as CFO/principal at SBE, providing strategic financial and operational oversight for the expansion of the firm’s hospitality portfolio into markets such as Miami, New York and Las Vegas.
Prior to this, he served as SVP/fund portfolio manager at Lowe Enterprises Investors, holding responsibility for the operational and financial asset management of the Lowe Hospitality Investment Partners hotel-focused discretionary commingled fund. He previously served as founding CFO/executive member of The KOR Group, an institutional commercial real estate platform concentrating on hotel, multi-family and mixed-use development investments. He also served as a senior management consultant at Ernst & Young, where he worked on national and international commercial real estate projects, and corporate controller at Maruko Inc., where he oversaw a large portfolio of multi-family, hotel, office and retail properties.