CarVal Investors
CarVal Investors is a global leader in managing opportunistic real estate investments both directly in commercial and residential real estate transactions, as well as indirectly via real estate-related public debt and equity securities. CarVal Investors applies fundamental real estate analysis to each transaction and engages asset managers who assist in transaction origination, as well as coordinate the due diligence and asset management of the properties. CarVal Investors uses this network of asset managers to assist in fundamental assessments of market conditions and to analyze and manage cross-regional portfolios. CarVal Investors has been a leading participant in global real estate joint ventures for over a decade. The firm has invested $9.5 billion in more than 1,000 real estate transactions since 1991 and has underwriting capabilities in more than 25 countries. Managed investments have included most real estate product types including office, industrial, multifamily, residential, retail, hotel, and land.
Real Estate Specialization
| Multifamily |
| Office |
| Industrial |
| Retail |
| Land/Development |
| Residential Income |
| Hotels |
| Health Care |
| Entertainment |
| Special Purpose |
| Agricultural |
| Construction Projects |
| Real Estate Fund |
Investment Type
| Equity syndication/Club Deal |
| Pref/Mezz equity |
| JV partnership |
| Securities |
Investment Style
| Core |
| Core+ |
| Value-add |
| Opportunistic |
Typical Deal Size
| $10,000,000 - $50,000,000 |
Avery Colcord
Thomas Huettner
Ann Folkman
- 1 952 984 3919
- ann.folkman@carval.com
Anna Lovely
- 1 952 984 3413
- anna.lovely@carval.com
Christopher (Chris) Hedberg
- 1 952 984 3368
- chris.hedberg@carval.com
John Brice
Mr. Brice is president and chief investment officer of CarVal Investors, responsible the leading the firm’s investments and operations globally. Mr. Brice joined Cargill in 1996 where he worked on the European equity arbitrage desk for the Global Capital Markets group. In 1998, he transferred to the firm, and was named senior partner in 2005, responsible for leading the Corporate Securities business and managing the firm’s global investments. In 2008, he was named president of CarVal, and he currently serves on the firm’s board of directors. Prior to joining the firm, Mr. Brice worked for the private equity and quoted asset management division of Friends Provident, a major United Kingdom life assurance company. He holds a B.Sc. in economics and accounting from the University of Wales, Cardiff. Mr. Brice is a qualified chartered accountant.
Joseph Graf
Mr. Graf is a senior managing director for CarVal Investors. He is responsible for managing Corporate Securities investments in emerging markets, focusing on trades in distressed assets, high-yield assets, structured products and equities. Prior to joining CarVal in 2006, Mr. Graf was a director at Credit Suisse First Boston, focusing on emerging markets distressed, high-yield and structured product investments. Mr. Graf holds a B.A. in economics from Ramapo College of New Jersey.
Matthew Bogart
- 1 952 984 3967
- matthew.bogart@carval.com
Matthew Hanson
- 1 952 984 3632
- matthew.hanson@carval.com
Paul Mullaney
Peter Vorbich
Mr. Vorbrich is chief financial officer of CarVal Investors and a member of the firm’s board of directors. He is responsible for leading CarVal’s global operations and serves on all investment committees. Mr. Vorbrich joined Cargill’s Law Department in 1994 where his practice supported Cargill Value Investment. He transferred to the firm in 1997 and relocated to Japan in 1998 to help establish the Japan Value Investment business. He returned to the U.S. in 2003 as a senior managing director responsible for managing the firm’s real estate investments. Prior to joining Cargill, Mr. Vorbrich practiced law in Minneapolis with the Banking/Commercial Group of Faegre & Benson. Mr. Vorbrich received his MBA with a concentration in finance from the Carlson School of Management at the University of Minnesota, his J.D. from the University of Michigan Law School and his A.B. from Dartmouth College.