The Opus Group® Names Richard Figueroa Director of Capital Markets

MINNEAPOLIS, March 29, 2012 /PRNewswire/ -- The Opus Group today named Richard Figueroa to the newly created position of Director of Capital Markets. 

Figueroa joins The Opus Group from Mansur & Company, a Chicago-based real estate investment firm. As Director of Acquisitions at Mansur, he was responsible for sourcing, underwriting and negotiating equity investments in commercial real estate projects ranging from office buildings and hotels to multifamily and retail complexes. Figueroa will remain based in Chicago and will report to Tim Murnane, President and Chief Executive Officer, Opus Holding, L.L.C.

"Richard brings to us an outstanding record of achievement in raising equity capital for commercial real estate projects," said Murnane. "By creating this new capital markets role and adding Richard to our leadership team, he will diversify the sources and types of capital available to us to fund new development projects. We have a solid pipeline of projects teed up for 2012 and beyond."

"I'm thrilled to be joining the strong team at The Opus Group," said Figueroa. "The leadership at Opus recognizes that post-recession changes in the credit markets are creating new equity investment opportunities in commercial real estate. There is growing interest among investors in participating in the kinds of projects for which The Opus Group is well known and highly regarded," he added.

Prior to joining Mansur & Company, Figueroa served as Vice President, Acquisitions, at Orix Real Estate Capital, Inc. He has also served in capital markets roles at Cohen Financial and Jones Lang LaSalle. Figueroa also worked in investment banking for Prudential Securities and as a debt analyst at William Blair & Company.

Figueroa holds a bachelor's degree from Yale University and master's degrees in public policy studies and business administration from the University of Chicago.

Currently, Opus has five corporate campus projects for Fortune 500 and 1000 companies under development across the country, a 120-unit student housing and retail project in Minneapolis will be completed this fall, and 1490 Delgany Street, a luxury apartment project will break ground this spring in Denver. Opus recently completed a 300,000-square-foot industrial facility for a Fortune 100 company in Des Moines, Iowa.

About The Opus Group

The Opus Group^® is a family of national commercial real estate companies headquartered in Minneapolis, with expertise in development, project management and construction, architecture and engineering, finance, sales and leasing. The Opus Group includes Opus Holding, L.L.C. and Opus Holding, Inc. and their operating subsidiaries, Opus Development Corporation, Opus Design Build, L.L.C. and Opus AE Group, Inc. Specializing in office, industrial, retail, residential living, institutional and government projects, The Opus Group has broad capabilities, deep experience and a proven design-build model that delivers solutions for customers on time and on budget. For more information, visit www.opus-group.com.

SOURCE The Opus Group