Varun Pathria has joined AssetAvenue, an online lending platform for commercial real estate loans, as the company's chief investment officer (CIO). In this role, Pathria will focus on sourcing deal flow and growing AssetAvenue's existing capital base.
Previously, Pathria was senior vice president at Los Angeles-based Colony Capital, a global real estate private-equity firm. During his 11 years at Colony, Pathria closed on transactions valued in excess of $20 billion that were focused on opportunistic equity acquisitions, high-yield debt originations and acquisitions, and portfolio management activities focused on restructurings and corporate platform investments.
‘There are few individuals that have operating expertise combined with debt and equity investment experience across all real estate product types. [Pathria] immediately adds an institutional investment discipline to all aspects of our business,’ says David Manshoory, CEO and co-founder of AssetAvenue.
‘By focusing on the relatively inefficient small-balance commercial mortgage sector today, AssetAvenue offers institutional investors hungry for yield the ability to deploy significant capital with institutional underwriting without having to build out large internal teams,’ says Pathria.