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| Michael Harper |
ATLANTA, GA, April 8, 2024 – Peachtree Group ("Peachtree")
announced the elevation of three senior executives, expanding their roles to
strengthen the firm’s executive leadership team.
The promotions include
Michael Harper to president of hotel lending, Jared Schlosser to
executive vice president of hotel lending and head of CPACE and Michael Ritz
to executive vice president of investments.
"These
appointments underscore Peachtree's commitment to its core growth initiatives
in hotel lending, as well as fostering talent from within our own ranks, with
an eye toward further diversifying its allocation strategies as it taps into
new investment opportunities," said Greg Friedman, Peachtree's CEO
and managing principal.
Since
joining Peachtree in 2014, Harper has distinguished himself through a
succession of leadership roles, directing the company's credit business,
particularly in loan originations and strategic acquisition of credit
portfolios.
Jared Schlosser
Since joining,
he has led the team through over 500 investments totaling over $6 billion. As
president, he is responsible for the entirety of Peachtree's credit platform
for hotels, guiding all facets of the credit business.
Schlosser's
promotion to executive vice president of hotel lending and head of CPACE
reflects his exceptional performance and extensive knowledge of the hotel loan
origination processes and the firm's Commercial Property Assessed Clean Energy
(CPACE) program.
His significant
contributions since joining the firm in 2019 have been crucial in advancing
Peachtree's CPACE program, which now exceeds $800 million in transactions and
has become one of the largest in the U.S.
Michael Ritz
Furthermore,
since taking over hotel originations at the start of 2022, Peachtree has
completed more than $1.5 billion in hotel loans, further demonstrating his
expertise and effectiveness in these dual roles.
Ritz
has been elevated to the position of executive vice president of investments
and will oversee Peachtree's credit and equity investments across commercial
real estate and other ventures.
He joined Peachtree in 2017, and his
promotion recognizes his expertise in successfully managing and growing a
portfolio of investments that is now approaching $10 billion in transaction
asset value.
Peachtree
was recently ranked as the tenth largest U.S. commercial real estate hotel
lender, its third consecutive year in the top ten, by the Mortgage Bankers
Association ("MBA") 2023 loan origination rankings.
CONTACTS:
Charles Talbert
678-823-7683
Chris
Daly
President
DG
Public Relations
(703)
864-5553
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