Constitution Capital Real Estate Partners' primary target asset classes for investment include Class B apartments/workforce housing, Class B/A office buildings, e-commerce oriented industrial properties and full and select service hotels located across the United States. The company did not divulge any investment target for the new unit.

Daniel M. Cahill, a managing partner at Constitution Capital Partners, says “We have closely followed the real estate sector for a long period of time and feel that we now have the right investment team to enter this attractive and evolving marketplace. Having known and worked closely with Hugh dating back more than 30 years to our time as members of the corporate audit staff at General Electric Company, I have had the pleasure of following his career closely and trust that his experience, track record and most importantly, leadership, will transition well into our firm.”

“Joining Constitution Capital is an ideal fit for our team and we are very pleased to be a part of such a unique opportunity,” Ward says. “The firm has established itself as a leading investor across multiple asset classes in North America, and we could not be more excited to build a real estate business within Constitution Capital and leverage their outstanding platform.”

Earlier in his career, Ward was managing director and head of real estate for the ZAIS Group, director of mergers and acquisitions for Vornado Realty Trust and managing director, large transactions group for GE Capital.

Constitution Capital is an alternative asset manager focused on private equity, private credit and now real estate. Since its inception in 2008, the firm has managed approximately $3.1 billion in commitments.

In addition to its Andover, MA headquarters office at 300 Brickstone Square, Constitution Capital opened its New York City office (545 Fifth Ave.) in early 2017. The company's Chicago office is located at 676 N. Michigan Ave.