Team
Robert M. Stern
Robert Stern, Founder and Managing Partner of Castle Hill Investors, has a 27-year 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.
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. A significant portion of his time at Kemper was devoted to resolving operating company, joint venture and property specific financial, marketing, legal and operating issues. 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 currently serves on the Management Committee of GHC Housing, one of the five largest affordable housing companies in the U.S, on the Investment Committee of Cocke Finkelstein Inc, a national multifamily owner/operator with over 40,000 units under management and ownership, 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, a founding member of Columbia University’s Business School Real Estate Circle, an Advisory Board member of The Paul Milstein Center for Real Estate at Columbia University, Past Chairman of Columbia Business School’s Real Estate Symposium and a frequent speaker at national and international conferences. Mr. Stern holds a BA from Connecticut College and an MBA from Columbia University.