David Selznick Joins Kayne Anderson Real Estate Advisors as Managing Director
Selznick's Experience a Match for the Firm Known for its Specialized Focus
ARMONK, N.Y., Aug. 2, 2012 /PRNewswire/ -- Kayne Anderson Real Estate Advisors ("KAREA"), the private equity real estate arm of Kayne Anderson Capital Advisors, which invests primarily in student housing, announced today the appointment of David Selznick as a Managing Director. Mr. Selznick is responsible for all portfolio financing activities and strategic initiatives with active involvement in structuring transactions and implementing value-add enhancements to portfolios.
"David's impressive background, and particularly his entrepreneurial mindset, aligns perfectly with who we are as a firm," said Al Rabil, KAREA Managing Partner and CEO. "His expertise is multi-faceted and he can provide great insight in helping to structure deals and expand financing relationships, among other things."
Selznick, who began his career in 2003, has worked in real estate finance with Deutsche Bank, Bridger Commercial Funding, Capmark and Nat City Investments. Throughout his career Selznick has acquired, underwritten and/or securitized over $1 billion in commercial real estate transactions, bringing a broad perspective and great value to his current role at KAREA.
Mr. Selznick regards Kayne Anderson and KAREA in particular as unique within the investment community stating: "Kayne Anderson acts as a principal and invests significantly alongside its investors. The firm and KAREA have outstanding track records, due in part to the culture which marries an entrepreneurial spirit with a disciplined institutional approach."
A Cleveland, OH native, Selznick earned his B.A. in Business Administration and joint J.D./M.S. in Real Estate Finance from the University of Florida. After several years in Chicago, he now resides in New York.
About Kayne Anderson Real Estate Advisors
Kayne Anderson Real Estate Advisors (KAREA) is a private equity firm that invests primarily in off-campus student housing. KAREA is one of the five largest owners of student housing in the country and is actively seeking student housing real estate assets of 500 or more beds in close proximity to large public universities with strong student enrollment growth. KAREA has two funds with commitments of more than $700 million. KAREA is part of Kayne Anderson Capital Advisors, L.P., a $15.5 billion investment management firm with more than 25 years of successful experience in the energy, infrastructure, growth capital, real estate and middle market credit sectors. For more information, visit http://www.kaynecapital.com/strategies/real-estate-private-equity.
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