Deutsche Finance Group starts AM company in US
Deutsche Finance Group has set up Deutsche Finance America, a newly formed asset manager, which will be based in Denver and headed by longtime real estate executive Jason Lucas as a shareholder and partner.
Deutsche Finance America was established to execute on direct real estate investments, which will complement the Company’s successful indirect investment activities.
Deutsche Finance Group is one of the global financial services firm and institutional investment manager founded in 2005 and based in Munich. It has €1.5Bn in assets under management, comprised of 24,500 individual investors and six institutional investment mandates.
Sven Neubauer, CIO for Deutsche Finance Group commented: “US has always been a very interesting investment market for us and we think it will continue to offer attractive opportunities. This new platform will provide our investors with direct real estate investments through a company under joint control. I have known Lucas for eight years and am excited to be partnering with a person of his calibre. He will enable us to fulfil the ambitious growth targets we have for US.”
Lucas was most recently president of Amstar, a Denver-based real estate private equity company where he was employed for 11 years. He also held positions at Morgan Stanley and Broadreach Capital after graduating from Brown University.