San Francisco, CA (PRWEB) September 19, 2010
The Prado Group, a privately-held real estate development and investment firm, today announced that Will Hu has joined the company as a Senior Associate. Among Hu’s primary responsibilities in this position will be to source and execute acquisitions of both existing properties and land for new developments. In addition, he will play a key role in guiding the focus of the firm, as well as raising equity and debt capital.
Hu joins Prado after recently receiving his MBA from the Haas School of Business at the University of California, Berkeley this past May. At Haas, he was a member of two 1st place real estate competitions, including the “Golden Shovel,” sponsored by NAIOP and the National Real Estate Challenge at UT Austin, sponsored by Goldman Sachs.
Prior to entering business school, Will was an Associate at Stanford University’s Real Estate Office, helping manage the university’s commercial real estate holdings of 10 million square feet. At Stanford, he worked on over $300 million of acquisitions / dispositions and participated in the development of the Rosewood Sand Hill in Menlo Park and the Olmsted Terrace Faculty Homes in Santa Clara. Prior to Stanford, Will worked for Lehman Brothers, making venture capital investments in technology start-ups. He holds a B.A. in Economics and Philosophy from Columbia University.
“We are thrilled to have Will as part of our team,” said Dan Safier, President of Prado Group. “Will brings tremendous analytical abilities, great industry contacts and a real passion for real estate. He will undoubtedly assist our firm in identifying, analyzing, and executing on investment opportunities that generate attractive risk –adjusted returns.”
“I’m excited to be joining Prado Group,” said Hu. “I very much share in Prado’s investment philosophy and greatly appreciate their institutional-level approach to deals while still being nimble enough to operate quickly and efficiently. I’m looking forward to adding value and contributing to their continued success.”
About Prado Group
The Prado Group (“Prado”) (http://www.pradogroup.com) is a San Francisco-based real estate development and investment management firm founded in 2003. Prado develops and invests in residential, retail, and mixed-use properties with a primary focus on supply-constrained, infill sites within the San Francisco Bay Area. As a fully integrated company with property and asset management, Prado focuses on hands-on strategies that create value for its residents, commercial tenants, and its investment partners: asset management, redevelopment, repositioning, and property enhancement. Prado invests in markets and sites with a history of high performance, physical and regulatory supply constraints, and strong future demand drivers. Members of the Prado team have successfully developed and managed thousands of residential units and mixed-use properties.