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Apollo announces appointments of seasoned team.

Apollo Real Estate Advisors L.P. has announced several executive appointments. Robert Gigliotti, William McCahill and Steven Wolf have joined the firm as partners in New York.

Apollo previously announced that Dean Pentikis, a partner formerly based in New York, has been appointed head of Apollo's Los Angeles office.

Gigliotti, who joined Apollo as a partner after 20 years in the real estate group at GE Asset Management, is focusing on acquisitions for Apollo's domestic opportunity and value-added funds.

McCahill, a former Bank of America and Chase Manhattan Bank executive, is a partner concentrating on real estate mezzanine and other debt investments. Wolf, a founding principal of Westside Capital Advisors LLC, is a partner overseeing Apollo's Value Enhancement Funds, and directing asset management for domestic fund and joint venture investments.

Pentikis, who joined Apollo in 1999, now heads the firm's West Coast equity and debt investment business. He replaces Richard Ackerman, who left the firm to form an independent real estate investment and development company.

"This highly experienced and seasoned team reflects the growth of Apollo's business and the success of our funds," said Lee Neibart, Apollo senior partner. "We've raised about $1.5 billion in capital in the U.S. for new investments across several of our funds."

Previously, Gigliotti was managing director in the real estate group of GE Asset Management, a position he held from 1988.

Most recently, McCahill was a real estate consultant in New York City advising clients on real estate finance.

Prior to founding Westside Capital Advisors in 2003, Wolf held the position of director at Credit Suisse First Boston.

Before joining Apollo, Pentikis was an executive in the real estate group at Nomura Securities, where he was responsible for structuring and underwriting debt financing.
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Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jun 21, 2006
Words:291
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