Cadre brings real change to real estate.
Founded in 2014, Cadre is a next generation commercial real estate investment manager with the fundamental belief that a single-asset, value-investing approach in the underserved middle market can lead to outperformance. We invest across asset classes, risk profiles, and markets, and strive to deliver compelling risk-adjusted returns for our clients, which include endowments, foundations, wealth managers, family offices, and individual investors.
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We combine a data-driven focus on high-growth markets and sectors with a single-asset, value investing approach in the underserved middle market, where we seek to take advantage of capital markets, operational, and capital expenditure inefficiencies. We focus on preserving and growing investor capital through value-add business plans, careful risk mitigation, moderate use of leverage, and thoughtful portfolio construction.
Cadre employs a disciplined, patient, and rigorous approach to investing and adding value throughout all stages of ownership. We seek to source differentiated, often off-market, opportunities, followed by extensive underwriting, diligence, & structuring processes - we typically invest in ~2% of all investment opportunities reviewed. Following investment, we pursue value creation through hands-on, active asset management strategies.
With over 180 years of collective experience investing over $140 billion across multiple economic cycles, our team works across the investment lifecycle to create value for our clients.
As a steward of investor capital, we seek to create a strong alignment of interests with our clients. Cadre is a minority-founded manager, a fiduciary, and investment adviser registered with the SEC. Cadre maintains offices in New York and Chicago.
Backed by the best
Cadre’s innovative commercial real estate investment platform has the financial backing of some of the largest and most respected venture capital firms, investment firms, real estate companies, and industry veterans.
Cadre by the numbers.1
$4.3bn
Total Transaction Value
$1.2bn
Equity invested
$490mm
Total distributions to investors
49
Investments
24
Markets
2014
Founded
1 Data as of June 30, 2023. Includes all investments made by investment vehicles advised, managed or sponsored by CCV (i) from inception until the formation of CCV’s Investment Committee on March 31, 2016 and (ii) from March 31, 2016 through the measurement date, which investments were voted on by CCV’s Investment Committee.
2 Data as of June 30, 2023. Represents the sum of any income distributions, sales gains, and return of capital without deduction for any investor-specific withholding or contribution interest for all investments made by investment vehicles advised, managed or sponsored by CCV (i) from inception until the formation of CCV’s Investment Committee on March 31, 2016 and (ii) from March 31, 2016 through the measurement date, which investments were voted on by CCV’s Investment Committee.
2 Data as of June 30, 2023. Represents the sum of any income distributions, sales gains, and return of capital without deduction for any investor-specific withholding or contribution interest for all investments made by investment vehicles advised, managed or sponsored by CCV (i) from inception until the formation of CCV’s Investment Committee on March 31, 2016 and (ii) from March 31, 2016 through the measurement date, which investments were voted on by CCV’s Investment Committee.
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Our team
Team members come from leading, global real estate investment managers. Our team’s relentless drive to deliver compelling returns via our next-generation platform powers all aspects of our company’s performance.
Investment Committee
Michael Fascitelli
Investment Committee Co-Chairman
Michael Fascitelli
Investment Committee Co-Chairman
Michael Fascitelli is the Co-Chair of Cadre’s Investment Committee, advising on Cadre’s growth strategies and investment decisions. Michael is a storied veteran in private equity real estate, formerly holding a number of prominent roles in the industry, including CEO of Vornado and Partner in the real estate division at Goldman Sachs. In addition to his role at Cadre, Michael is Founder of MDF Capital LLC and a Founder and Managing Partner at Imperial Companies. He also serves as a Trustee and Director of the Urban Land Institute, Executive Committee Member for the Wharton Real Estate Center, and is a part owner of the Milwaukee Bucks basketball franchise. As President and CEO of Vornado, Michael oversaw total returns of 4.2x the S&P 500 and 1.8x the NAREIT index, helped drive enterprise value to $29 billion from $1.2 billion, and executed more than 150 transactions, often including iconic properties across New York City. In 2010, he successfully established Vornado Capital Partners Fund I, which achieved $800 million in value. Prior to his role at Vornado, Michael served as a Partner at Goldman Sachs, primarily overseeing the firm’s Real Estate Department. He also served on the Investment Committee for the Goldman’s Whitehall Real Estate Fund. Before Goldman Sachs, he worked at McKinsey & Company. Michael holds a B.S. from University of Rhode Island and M.B.A from Harvard Business School.
Dan Rosenbloom
Chief Investment Officer
Dan Rosenbloom
Chief Investment Officer
Dan Rosenbloom is the Chief Investment Officer for Cadre, responsible for scaling the firm’s investment capabilities. Dan has spent nearly 25 years building a proven track record in quality private equity real estate transactions. Previously, Dan served as Head of Acquisitions for Cadre, leading the firm’s acquisitions team and deal pipeline. Prior to Cadre, Dan led the acquisitions team at GEM Realty Capital while also serving on the investment committee and helping set the firm’s investment strategy. Prior to GEM, Dan served as Vice President at Fortress Investment Group, where he focused on acquisitions and originations of equity, mezzanine debt, and other subordinate debt secured by real estate assets and operating companies. Prior to Fortress, Dan worked in J.P. Morgan’s syndicate and leverage finance group, focusing on the real estate industry. He also worked at Jones Lang LaSalle, assisting with asset and portfolio sales, asset level debt and equity placements, and corporate finance transactions. Dan holds a B.B.A. from the University of Wisconsin-Madison and M.B.A. from Kellogg School of Management.
Ted Yarborough
Yieldstreet Chief Investment Officer
Ted Yarborough
Yieldstreet Chief Investment Officer
1 Data as of December 31, 2023. Includes all investments made by investment vehicles advised, managed or sponsored by CCV (i) from inception until the formation of CCV’s Investment Committee on March 31, 2016 and (ii) from March 31, 2016 through the measurement date, which investments were voted on by CCV’s Investment Committee.