company acquired a 51% ownership stake in a 2.5-million-square-
foot New York retail portfolio. It had acquired the remaining 49%
in 2016. This deal makes Madison the third largest retail owner in
New York City. Internationally, Madison acquired a 50% stake in
49-story Warsaw Spire in Central Europe; a 28.4% stake in the
Lazora, a 6,458-unit apartment complex in Madrid; and it invested
in a 400,000-square-foot retail portfolio in the Oslo Bay District.
This year, Madison has also strategically invested in assets trading at
a discount to net value. The company purchased a 5% ownership
stake in Mack-Cali Realty Corp., which owns 7,770 class-A apartment units and 5 million square feet of office space, as well as a
13.8% stake in the Willard office and hotel complex across from
the White House in Washington, DC.
Dickerman founded Madison International Realty in 2004, and
since has leveraged this strategy to raise more than $5.4 billion in
capital commitments for investment in commercial real estate.
Dickerman spearheads investment strategy, capital formation and
risk commitments, and each deal is completed under his guidance.
He carefully scrutinizes each asset or portfolio to determine the
market share price. The firm has grown to three international
offices in New York, London and Frankfurt.
Dickerman is on the board of directors for the Association of
Foreign Investors in Real Estate, and he is an active member of
INREV and the Zell Lurie Institute. He regularly speaks at industry
events on secondary investments and liquidity issues, and he is
often featured as a commercial real estate media source.
Since joining the BMO Harris Bank
commercial real estate team in June
2012, Kim Liautaud has reorganized the
firm to create better risk-adjusted
returns and ultimately better client service. Liautaud, who serves as managing
director and head of US commercial
real estate at BMO Harris Bank, oversees the entire real estate group for the
bank and focuses on providing construction, acquisition and bridge loans
as well as corporate lines of credit and subscription lines. She has
worked as a relationship lender on the private institutional lending
team, and has previously held the role of team lead for the Chicago
mid-market and institutional commercial real estate lending teams.
Her clients include a roster of national institutional sponsors.
While Liautaud joined the bank in 2012, she has had a storied
career in real estate finance and capital markets. She formerly
worked with Merrill Lynch Capital in the commercial real estate
group. There, she provided senior first mortgage debt and mezzanine debt to commercial real estate owners and developers. Prior
to her experience at Merrill Lynch, Liautaud spent 13 years at
Heller Financial and a decade working in the firm’s commercial
real estate group.
While Liautaud is laser focused on unearthing the best financing
solutions for clients, she is also dedicated to promoting diversity at
BMO Harris. She launched a women’s networking event for the
bank’s female clients as a way to provide support and advice between
female colleagues. Liautaud personally curates the program for the
event, which features speakers and networking time for attendees.
Additionally, she is a leader in hiring and promoting underrepresented candidates at the firm. As a result, BMO has a strong diversity
program. BMO has 41% female representation among corporate
officers and 35% female representation on its operating committee.
Outside of the bank, Liautaud continues to serve as an industry
and community leader. She is a member of CREFC, and serves on
the finance committee for SOS Children’s Village Illinois.
Ryan Moore has played an essential role
in building Phillips Edison & Co.’s
investment management division and
capital markets groups. Moore built the
two core divisions at the firm from the
ground up and oversees finance, transactions, asset and portfolio management and new strategic initiatives.
During his seven-year tenure with the
firm, he has led or played a key role in
closing more than $8 billion in real
estate transactions, with $5 billion representing financing transactions through the capital markets group. As a part of those closings,
he has led strategies for more than seven investment vehicles,
including REITs, commingled funds, joint ventures and Phillips
Edison’s management company. Moore is one of the four voting
members in the company’s investment committee and sits on the
executive panel for PECO’s Innovation Lab.
Moore currently serves as SVP of investment management. He
launched the division in 2016, and today, it is Phillips Edison’s largest growth initiative. Moore’s goal is to build the business to more
than $2 billion in total enterprise value in the next three years. The
key to his growth strategy is client relationships. He has forged
strong senior-level client relationships with more than 20 lending
institutions, and he has already has executed two joint ventures,
including a joint venture deal with Northwestern Mutual on behalf
of PECO and Phillips Edison Grocery Center REIT III, which has a
total asset value of more than $700 million. Last year, he served as
a senior member in executing the internal acquisition of Phillips
Edison Grocery Center REIT II. The merger created a $6.3 billion
REIT focused exclusively on grocery-anchored shopping centers.
While he has lofty goals, Moore doesn’t accomplish them alone.
He has built a quality team and takes on a mentoring role to cultivate professional development. In this respect, he has also achieved
tremendous success. Moore’s mentee Todd Pleiman now leads the
capital markets division as VP, while mentee Ted Kallergis, who was
new to investment management three years ago, now serves as VP
of investment management.
Moore serves as an industry and community leader as well. He is
a member of the International Council of Shopping Centers and
has served on Urban Land Institute’s National Retail Counsel for
three years and was voted membership chair in 2019. He also works
with Cincinnati charity Changing Gears to help break generational
poverty for families.
J.C. DE ONA
As president of Centennial Bank’s
Miami-Dade County office, J.C. de Ona
has originated more than $500 million
in commercial real estate loans over the
last nine years. The landmark activity
helped to significantly grow the profitability of Stonegate Bank and helped
secure the company’s 2017 sale to
Centennial Bank South Florida. His
loan origination volume has helped to
fuel the area’s redevelopment and the