02 Aug Randy Anderson Named Head of New Product Development, Chief Economist, and Capital Markets Chairman
Bluerock Real Estate, LLC announced today that financial services and real estate industry veteran Randy Anderson, Ph.D. has joined the company as part of the Senior Executive team.
Dr. Anderson will serve as Managing Director – Product Development, leading the expansion of Bluerock’s alternative investment programs to meet a richer and more diverse range of investment goals for investors. He will also serve as Chief Economist, expanding the company’s value-added information offerings with superior research, education, macro/micro economic outlook, and training programs for broker-dealer partner firms and their clients. Finally, Dr. Anderson will provide strategic direction for the company’s distribution efforts as non-executive Chairman of Bluerock Capital Markets.
A seasoned veteran in the industry, Dr. Anderson has more than 20 years of experience in real estate investing, investment management, and economics. Before joining Bluerock, he was a founding partner of the first business development company in the retail market, Franklin Square Capital Partners. Among the most successful startups in the industry, Franklin Square has raised over $2.5 billion in capital. Prior to Franklin Square, he was a Division President at CNL Financial Group, overseeing one of the most successful start-up groups in CNL’s history with nearly $700 million of real estate deals in its first year of operation. Dr. Anderson has also served as Chief Economist and Investment Committee member at Marcus & Millichap, and as Vice President of Investment Research at Prudential Real Estate Investors.
Dr. Anderson currently heads the real estate department as the Inaugural Howard Phillips Scholar Chair for the University of Central Florida and has been featured as a distinguished lecturer at Harvard University and Johns Hopkins University. He has been awarded the designation of Counselor of Real Estate (CRE), named a Homer Hoyt Institute Fellow and a NAIOP Research Foundation Distinguished Fellow. In total, Dr. Anderson has published more than 60 articles. He serves as a co-editor of the prestigious Journal of Real Estate Portfolio Management, and is a former editor of the Journal of Real Estate Literature. Most recently, he wrote the course on non-traded REITs for the IPA (Investment Program Association). Dr. Anderson holds a Ph.D. in Finance from the University of Alabama.
“There’s a tremendous need right now for access to alternative investment instruments featuring liquidity and transparency, particularly at the retail level, which makes Bluerock’s approach highly anticipated. The company is focused on making it possible for a wider range of retail investors to access opportunities once reserved for very high net worth individuals and institutions only, with institutional quality alternative investment products that feature diversity, enhanced yields, and more stable total returns,” Anderson says.
“In addition to founding, developing, and growing successful investment programs and distribution platforms over many years, Dr. Anderson brings tremendous intellectual capital in the development of best-in-class investment strategies and programs. We are looking forward to sharing his expertise with our Bluerock investors and on providing opportunities to capitalize on unique new investment opportunities,” said Ramin Kamfar, Bluerock’s Founder & CEO.
About Bluerock Real Estate, LLC
Bluerock Real Estate is a national real estate investment firm headquartered in Manhattan, which was founded to provide institutional quality real estate investment products for the individual investor. Bluerock principals have over 80 years of aggregate experience. They have transacted on more than 30 million square feet and nearly $6 billion in acquisitions, primarily on behalf of leading U.S. institutional investors. Bluerock currently focuses on acquiring, managing, and developing stabilized, value-added, and opportunistic multifamily and office properties throughout the United States.