Profile

Robert Stern
Managing Partner
Castle Hill Investors, LLC

Robert Stern, Founder and Managing Partner of Castle Hill Investors, has a 30 year plus real estate background, encompassing finance, investments, portfolio and asset management, workouts, development and general management. He has invested in all property types throughout the Americas, Europe and Asia.

Castle Hill serves along the continuum between a pure real estate operating company and an investment management firm. The firm frequently serves on its own as an investor/operator/developer, and also invests as a co-GP alongside local and product based operators. Castle Hill connects capital to real estate in ways that bridge the capital/operator divide — providing investors access to deal flow and an asset management capability that limited partners often lack, a fiduciary overlay that may not exist at the operator level, and industry, capital markets and business skills to augment those of its operating partners - thereby delivering a true value proposition to all constituents. The firm is an owner and investor in market rate and subsidized multifamily properties, having invested in approximately 18,000 multifamily units across the country since 2010. Castle Hill also owns and operates manufactured home parks, and additionally is an owner and investor in the self-storage sector, having acquired and/or developed over 10,000 self-storage units.

Previously, Mr. Stern was a Managing Partner of Perry Capital, a multi-billion dollar hedge fund. At Perry, he was co-founder and Managing Partner of Perry Real Estate Partners, a global real estate private equity vehicle designed to make equity investments in real estate assets, portfolios and operating companies, purchase discounted notes and sub/non-performing debt and securities, and provide mezzanine and bridge financing. Prior to that, Mr. Stern served as a Managing Director of Blackacre Capital Management, the real estate arm of Cerberus Capital Management, a multi billion dollar private investment management firm. Earlier, he was Director of Asset Services at BDG, Ltd., a privately held, Long Island based commercial real estate firm, where he was responsible for the Asset Management division. Before that, he was associated with Kemper Corporation where he served as a Director and Senior Asset Manager in Chicago, and Barcelona, Spain, with responsibility for the financing, management, administration and disposition of real estate investments, as well as a real estate development business unit. Over his career, Mr. Stern has invested in and financed several billion dollars of real estate assets and companies globally.

Mr. Stern has been a member of the Board of Directors for several privately held real estate companies. He has been affiliated with and served on the Management Committee of GHC Housing, one of the five largest affordable housing companies in the U.S, and on the Investment Committee of Peninsula Investments Group, a Latin America investment fund focused on workforce and middle-class housing development. He is a full member of the Urban Land Institute where for over 20 years he has served on various product councils, a founding member of Columbia University's Business School Real Estate Circle, and an Advisory Board member of The Paul Milstein Center for Real Estate at Columbia University. Mr. Stern holds a BA from Connecticut College and an MBA from Columbia University.


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