Los Angeles
Beverly Hills-based real estate sponsor and manager Christina Development Corp. has hired Richard Moran as managing director and head of capital markets. The appointment is part of the firm's strategic growth plans. Moran is an industry leader in wealth management, and in this role, he will work to forge partnerships with registered investment advisors.
"With Rich's extensive experience leading large nationwide organizations involved in alternative investments, along with his expertise as a founding member of the Chartered Alternative Investment Analyst Association, it was clear that he would be an ideal fit for Christina in terms of the strategic direction the firm has been pursuing since the SEC regulations have evolved to allow broader investor participation in private real estate investments," Lawrence N. Taylor, founder of Christina, tells GlobeSt.com. "Additionally, he's a tested leader who knows how to build the teams and infrastructure necessary to succeed in raising awareness of the availability of quality direct investments in some of the best real estate in the world, a crucial component of our strategic planning."
Christina is building on an already impressive track record. According to the firm, in its 43-year history, it has completed more than 100 transactions and had zero losses. "Christina's significant growth over the last seven years can be largely attributed to the launch of four managed portfolios. These offerings combined Christina's established investment strategy with the tax advantages of investing in multi-property portfolios," says Taylor. "As we continue to rollout offerings, we will leverage Rich's expertise, knowledge and networks to introduce our portfolio investments to registered investment advisors, families and high net-worth individuals who will find our geographically focused approach and strong track record appealing." The company targets assets on the Westside of Los Angeles and focuses on "tax-advantaged wealth preservation and long-term capital appreciation," says Taylor.
As part of the firm's expansion plans, it will continue to recruit and make additional appointments. "We are expanding our acquisitions, marketing and capital teams in the near term and are always looking for talented individuals to help us see our mission through," says Taylor.
Moran has already started to build a team to accomplish these goals. "We are leveraging the experience, knowledge and skills of a talented executive who has history introducing quality investment opportunities to investors, as well as the ability to build highly effective teams to help deliver success," says Taylor. "Rich has already started putting the pieces in place to build the team that is accentuating our growth strategy."
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Kelsi Maree Borland
