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LOS ANGELES–(BUSINESS WIRE)–
Arc Capital Partners (“Arc”) announced today that it has hired Chris Cowan as Managing Director and is opening an office in Austin, Texas. Chris will be based in the Los Angeles office, will be primarily responsible for acquisitions, and brings more than 15-years of experience investing, developing, and financing $3 billion of commercial real estate with premier institutions.
Before joining Arc, Cowan was a partner with ViaWest Group, leading the company’s expansion into California. Cowan has also held leadership positions in development and investment management at CIM Group and AvalonBay. Cowan graduated from Stanford University with a BA in Economics and earned an MBA from Harvard Business School where he was a Toigo Fellow.
“Chris is a thoughtful leader in urban real estate investing, generated rock-solid returns for his investors, and is instrumental to our strategy to invest in the recovery of mixed-use communities post-pandemic,” said Quincy Allen, Managing Partner of Arc. “He shares our vision and has a depth of experience and relationships that are extraordinary.”
Arc also announced other growth plans, on the heels of recently investing in approximately $125 million of real estate in 2021, including opening an office in Austin and other staff changes. Daniel Fine was recently promoted to Vice President and Jihyeun Byeon was recently hired as Assistant Vice President. Fine has 10 years of experience and supports acquisitions and asset management. As a formally trained architect, Byeon is responsible for project management and oversees business plan implementation.
“Having navigated the pandemic, we are making a push to be part of the solution in diverse, urban neighborhoods with our capital,” said Neville Rhone, Managing Partner of Arc. “Chris adds to our team’s unique mix of backgrounds and skillsets and will help us to consistently create long-term value in our urban investments.”
“Quincy, Neville, and their institutional partners have created one of the country’s most successful minority-owned real estate platforms with the building blocks for continued growth as an investment manager with the ability to own and operate in dynamic mixed-use environments,” added Cowan. “This is truly an exciting time to join Arc.”
About Arc Capital Partners
Arc Capital Partners (“Arc”) is a minority-owned, real estate owner-investor dedicated to redefining urban mixed-use environments. In partnership with large institutional investors, Arc is currently pursuing over $1 billion of urban real estate located primarily in California and Texas. Through the lens of diversity and inclusion, Arc targets middle-market investments ($40 million to $100 million) that typically exhibit value-add and opportunistic business plans. For more information please see www.arccapitalpartners.com
For Arc Capital Partners information contact
Ron Demeter, Vectis Strategies
Source: Arc Capital Partners
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