Chicago, IL, June 28, 2017 --(PR.com
)-- Pangea Properties, a real estate investment and management company, announces the appointment of Barnett Capital’s former managing director, Daniel Sobelman, as Director of Investments.
In his new role as Director of Investments, Sobelman will assist the current team with the continued growth of Pangea Mortgage Capital (PMC), a commercial real estate lender and servicer established to serve lower-middle market real estate investors and owners, and Pangea Real Estate which has invested over $400 million into 12,000+ apartment units, while working to develop additional verticals as Pangea looks to broaden its investment parameters.
Sobelman is a graduate of Northwestern’s Kellogg School of Management. Prior to joining Pangea, he spent his entire career investing in multifamily real estate as well as building and managing the commercial lending division of Barnett Capital, an alternative investment firm focusing on real estate and asset-based financing.
“I am enthusiastic about the opportunity to work with the incredible team at Pangea,” said Sobelman. “They have the vision to be contrarian investors and the operational expertise to capitalize on those investments, all while providing a product and having a reputation that I am proud to represent.”
About Pangea Properties:
Pangea Properties is a private real estate investment trust (REIT) targeting the distressed residential multi-family real estate market. Pangea was founded in 2008 with the mission to bring service, value and care to its residents. The unique REIT serves as both the property owner and the building manager, utilizing a call center to support the high bar for service and scalability. Today, Pangea has invested over $400 million into 12,000+ apartment units throughout Chicago, Indianapolis and Baltimore, with the goal of continuing to expand within current markets as well as into new markets. Pangea has been highlighted by several media outlets including The Steve Harvey Show, Forbes, CNBC, USA Today, Investor’s Business Daily and Chicago Grid. Pangea has made the annual Inc. 500|5000 list in 2013 through 2016, ranking first overall for the Chicago market and second for the entire real estate industry in 2013. Pangea has won numerous awards including the Good Neighbor Award and has been named a Crain’s Chicago Business Top Job’s Creator as well as a Chicago Tribune Top Workplace. For more information, visit Pangea online at www.pangeare.com
, www.facebook.com/PangeaRE, www.linkedin.com/company/pangea-properties or on Twitter @PangeaRE.