NEW YORK, June 22, 2017 /PRNewswire/ -- Square Mile Capital Management LLC ("Square Mile") today announced leadership and organizational changes, effective July 1, 2017. Craig Solomon will become Chief Executive Officer of the firm. Mr. Solomon, who co-founded Square Mile with Jeff Citrin in 2006, will be responsible for managing all aspects of the firm's business and investment activities, with oversight by the Board of Directors.
As part of the announced organizational changes, Mr. Citrin will become Senior Advisor to the firm and Vice Chairman of the Board. Along with Board responsibilities, he will continue to serve on the investment committees of the firm's investment vehicles and is expected to continue to help source and shape investment opportunities.
Len O'Donnell, who is Chief Executive Officer of USAA Real Estate Company ("USAA Realco") and who has served on Square Mile's Board since 2012, will become Non-Executive Board Chairman. USAA Realco holds a minority ownership interest in Square Mile, and shares several joint investment interests and operational efficiencies.
Today's announcement marks the next phase of Square Mile's growth. The firm has undertaken and made significant progress toward its transformation from a single-strategy opportunity fund sponsor into a multi-strategy real estate platform in an integrated strategic partnership with USAA Realco, building a strong track record on behalf of its investment partners.
About Square Mile Capital Management
Square Mile Capital Management LLC is an integrated institutional real estate finance and investment management firm based in New York. Square Mile's large U.S. footprint, enhanced by the firm's strategic partnership with USAA `Real Estate Company, enables Square Mile to leverage proprietary market insights through a unified sourcing and investment philosophy that positions the firm to capitalize upon opportunities through all phases of the commercial real estate cycle. Square Mile's opportunistic investment platform takes a value oriented approach to its activities, with an emphasis on opportunities to acquire or capitalize real estate assets or enterprises that are undervalued, complex or undercapitalized. Square Mile's commercial real estate debt platform provides customized capital solutions for real estate owners and developers throughout the United States. http://www.squaremilecapital.com.
From: Square Mile Capital Management LLC
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SOURCE Square Mile Capital Management LLC