NEW YORK CITY—Madison International Realty has appointed Michael Chen as managing director overseeing its global equity capital markets activities.
Chen joins Madison from Paramount Group, Inc., an $11 billion office owner/operator, where he was VP and co-head of capital markets. He was jointly responsible for the creation of Paramount's capital markets group, which is now an international fundraising platform.
“Michael brings a global view, highly developed investor relationships, keen structuring skills and breadth of experience that will be invaluable as we continue the strategic growth of our firm,” says Ronald Dickerman, Madison founder and president. “We are thrilled to have him join our senior management team.”
Previously, Chen served as executive director for the real estate and lodging investment banking group of J.P. Morgan in New York and London, where he focused on private equity fundraisings and led transaction teams for M&A, equity and debt transactions.
Chen also has held financial positions with Crestline Capital Corp. and with Marriott International. He is a member of the Pension Real Estate Association, the Association of Foreign Investors in Real Estate and serves on the due diligence committee of INREV.
Madison recently announced the final closing of its latest fund, Madison International Real Estate Liquidity Fund V, with $825 million of equity commitments, exceeding its $750 million target. Madison V already has deployed approximately 40% of its capital commitments, about $340 million, in prime assets including One California Plaza in Los Angeles, the Saks Fifth Avenue retail store in San Francisco, Songbird Estates Plc, which controls London's Canary Wharf and the Statoil Office Complex in Oslo, Norway.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
