Press Release (ePRNews.com) - Suffern, NY - Oct 04, 2017 - Edmund Hannon has joined Castle Lanterra Properties (CLP) as Chief Operating Officer, announced Elie Rieder, founder and CEO of the privately-held real estate investment company. In his new role, Hannon is responsible for overseeing all of CLP’s non-investment related activities, including corporate policies and procedures, corporate governance, risk management, regulatory compliance, HR and information technology.
“Over the course of his more than 30-year investment career, Ed has developed a deep understanding of operational best practices,” said Rieder. “As we continue to expand the CLP platform and grow our team of investment professionals, his breadth of knowledge and considerable leadership skills will be of vital importance to our firm.”
Hannon previously served as Chief Operating Officer of Quest Global Advisors. Prior to Quest, he was head of Hedge Fund Investment Due Diligence, Manager Selection and Operational Due Diligence at Stamos Capital Partners, where he was a Partner and member of the Investment Committee.
Hannon also held positions as head of Risk Management for Royal Bank of Canada’s Alternative Assets Group and Global Head of Hedge Fund Manager Selection for Merrill Lynch’s $20 billion hedge fund platform. He began his career as a fixed income Portfolio Manager at Nomura Securities, where he specialized in esoteric instruments and oversaw a $3.7 billion asset-backed funds portfolio. Hannon holds a Bachelor of Science degree from The Pennsylvania State University and is a CFA Charterholder.
Formed in 2009, Castle Lanterra Properties is a privately held real estate investment company focused on the acquisition and management of quality income producing multifamily properties within strategic growth markets throughout the United States. Through a rigorous value-enhancement program that includes thoughtful renovations, operational improvements and ancillary income development, CLP aims to reposition each asset with the goal of maximizing NOI, elevating its competitive position within the market, and providing attractive risk-adjusted returns for its investment partners. Castle Lanterra Properties currently owns and manages a portfolio comprised of 9,200 units and a value in excess of $2.0 billion.