Brian Oravec has returned to an executive role at RealTerm
US logistics developer and fund manager Realterm has appointed Brian Oravec as chief investment officer for Asia Pacific, with the executive rejoining the firm after co-founding and heading Indian industrial developer and owner IndoSpace.
Based in Singapore, Oravec will help Realterm expand its business in the region while working with Realterm’s capital markets team on expanding key capital relationships in the Middle East, Europe and Asia Pacific regions. Oravec is also expected to focus on strategy and corporate development while developing new investment products as part of the firm’s senior leadership team.
“In 2005, I left a banking career at Citigroup to pursue my first job in the real estate industry as a part of Realterm’s acquisition team,” Oravec said in a release on Friday. “I later partnered with Realterm’s founders to launch what would become IndoSpace. After 17 years, it feels like an amazing homecoming to rejoin what I believe to be the best organisation in the real estate industry with a highly talented and collaborative team.”
Realterm, which manages over $11 billion in assets globally, described Oravec’s appointment as highlighting the firm’s commitment to global expansion.
Back to the Old Shop
Oravec, who has served on Realterm’s board for the past four years, began his real estate career with the company in 2005.
Sharad Gohil has taken over as CEO of Indospace
Headquartered in the US state of Maryland, Realterm acquires, develops, finances and manages real estate and infrastructure assets serving land, air, sea and rail networks across the world. The firm founded by John Cammett and Ken Code has been actively seeking investment opportunities in well-located industrial markets.
In January, Realterm made its maiden investment in Australia with the acquisition of a southwestern Sydney outdoor storage facility through its logistics joint venture with Swiss private equity firm Partners Group.
Along with Realterm’s founders, Oravec is a founding partner in IndoSpace, with the executive having served as CEO of the Indian company until turning over the leadership role to company veteran in Sharad Gohil in August. Oravec left Indospace last month, according to his LinkedIn profile.
Moving on From IndoSpace
IndoSpace bills itself as India’s largest investor, developer, and manager of grade A industrial and logistics real estate, with over $3.2 billion in investment. The company has 52 operational facilities and properties under development spread over 58 million square feet, according to the company.
The company is backed by Singapore-based logistics specialist GLP, Singapore-based private equity firm Everstone and Canada Pension Plan Investment Board (CPPIB, while counting the Qatar Investment Authority (QIA), Grosvenor, and the CPPIB as investors in its IndoSpace Logistics Parks IV development fund.
“We are pleased to have Brian join us in this new and important role for Realterm,” Realterm CEO and CIO Bob Fordi said. “His long-time affiliation with us and his active engagement in the APAC region will benefit the overall organization as he works with the team to add new products and grow Realterm’s existing platform globally.”
While Indospace has been operating as a unit of GLP for the last several years, change is on the horizon for the Indian developer with GLP having agreed in October to sell its non-China GLP Capital Partners fund management business to Ares Management in a $3.7 billion deal.
In announcing their October deal, GLP and Ares specified that the US firm would take over GLP Capital Partners’ business in Japan, Vietnam, Europe, the US and Brazil, without mentioning India or Indospace.