Civitas Capital Group has promoted Najam Syed to director, asset management along with the hiring of two senior leaders in its investment team, David Lee and Tillie Borchers.
"We're delighted to recognise and reward Najam for his outstanding contributions, and pleased to welcome David and Tillie to the Civitas team," says chief executive officer Daniel J Healy. "Our success depends on our ability to make fast and intelligent decisions about investments and risk, as well as our ability to effectively manage all facets of projects. We have an outstanding team to facilitate and manage our investments."
Syed (pictured) was promoted to director, asset management. He is responsible for managing project and investment performance across all divisions of the company, as well as investor reporting. Syed joined Civitas in 2012. He has led the asset management group since its formation, developing and improving processes and establishing a highly effective operation.
Lee joined Civitas as director, investments. He is responsible for originating and underwriting investments, as well as working with institutional investors and senior lenders on various capital raising activities. Prior to joining Civitas, Lee held senior positions at CIT Group and Aareal Capital Corporation where he helped originate and structure commercial real estate debt investments ranging from USD25 million to USD240 million in deal size.
Borchers joined Civitas as director, investments. She is responsible for originating and underwriting investments for the GrowSouth Fund and other Civitas managed funds. Prior to joining Civitas, Borchers was a senior vice president at Bank of the Ozarks, where she managed a portfolio of construction and land development loans secured by over USD2 billion in commercial real estate.