Lifestyle

Pretium names ex-ADIA executive as US real estate head

 
Pretium, a specialized US investment management firm with $30 billion in assets, has announced that George Lane, an Abu Dhabi industry veteran, has been appointed the firm's new managing director and portfolio manager, on the real estate team. 
 
Lane is based in New York, where he will be focused on the performance and expansion of Pretium's single-family rental (SFR) vehicles.
 
He joins Pretium after nearly ten years at Abu Dhabi Investment Authority (ADIA), most recently as Deputy Head of Americas, Real Estate. 
 
In that role, Lane was responsible for acquisitions and asset management across property types and geographies throughout the United States, and oversaw certain key operating partner and fund manager relationships.
 
"We are excited to welcome George, an experienced industry leader with a diversified background in real estate investment," said Don Mullen, founder and CEO of Pretium. 
 
"As we continue to grow our platform and expand accessibility of quality, affordable housing to help solve for our nation's housing shortage, we are focused on assembling the most sophisticated and experienced team possible to support our stakeholders," he noted.
 
Prior to ADIA, Lane served as Vice President in the global opportunity funds group at Deutsche Bank. He began his career at Deloitte in the audit group before moving to the real estate consulting group. 
 
On his new role, Lane said: "I look forward to working with the exceptional team at Pretium, leveraging my global institutional expertise to create value, identify new opportunities and support our diversified and growing investor base and clients around the world."
 
Lane holds a Bachelor of Arts degree in Sociology/Anthropology from Carleton College, a Master of Science in Accountancy from DePaul University, and a Master of Business Administration from the Kellogg School of Management at Northwestern University.-TradeArabia News Service