STEVEN J. SKAAR
10 New Burlington Street London W1S 3BE email: [email protected] tel: +44 203 214 1165
Experience: CENTERBRIDGE PARTNERS London, UK
2016 – Present Partner / Senior Managing Director
Senior real estate professional leading Centerbridge's real estate team in Europe.
- Corporate Investment: Together with partner Goldman Sachs, led take-private of Robyg SA, a Polish homebuilding business. Member of the company's board of directors.
- Various Other: Led acquisition of a hotel platform; established joint venture with Grupo Lar to be exclusive development partner for industrial assets in Spain; established a joint venture with Panattoni to develop logistics assets in UK; led refinancing of M7's corporate loan facility and follow on acquisition of light industrial and logistics assets throughout Europe.
BROOKFIELD ASSET MANAGEMENT London, UK
2010 – 2016 Senior Vice President
Led European real estate team responsible for sourcing and executing real estate investments. Select transaction experience as follows:
- Leveraged Buyout: Led acquisition of Center Parcs UK for GBP 2.45 billion. Joined the board of directors.
- Platform Acquisition: Led acquisition of a pan European logistics development company, Gazeley. Joined board of directors and investment committee.
- Debt for Control: Used junior debt position in €625 million syndicated loan to take control of Interhotels from Blackstone. Executed a joint venture with Starwood Capital.
CITIGROUP London, UK
2005 – 2010 Citi Property Investors – Director
Responsible for evaluating and executing principal real estate investments on behalf of CPI Capital Partners Europe, a real estate opportunity fund. Select transaction experience as follows:
- German Residential Joint Venture:Established joint venture with German partner to acquire residential real estate throughout Germany. Acquired approx. 6,600 units valued at c. €435 million.
- Debt Acquisition: Identified distressed public company, reviewed potential for take-private (dismissed) and negotiated the purchase of two B-piece loan positions.
- Thames Court: Acquired highly-reversionary City of London office building.
- 2000 2005 Real Estate & Lodging (IBD & Fixed Income) – Vice President New York, NY & London, UK Involved in evaluating and executing real estate transactions including financings, restructurings, sale & leasebacks, take privates and public security offerings. Select transaction experience as follows:
- Financing: Advised Shurgard Europe on raising capital in early stages of the company. Later, negotiated €310 million bridge facility and initiated first ever securitization of the asset class in Europe.
- Initial Public Offering: Advised Spirit Finance on positioning, offering documentation, capital structure, and raising \$330 million in initial public offering of the REIT on the NYSE.
- Sale & Leaseback: Advised American Express on \$540 million sale leaseback of substantially all of its North American office assets.
CCI MECHANICAL, INC. Salt Lake City, UT
1994 – 98 Finance and Accounting
- Supervised accounting and finance functions for privately-held design/build commercial contractor.
- Selected by company's board of directors to become partner within three years of employment.
Education: CORNELL UNIVERSITY Ithaca, NY
Johnson Graduate School of Management Master of Business Administration, with Distinction; 2000
UNIVERSITY OF UTAH Salt Lake City, UT
David Eccles School of Business Bachelor of Science, Finance; 1995 Established real estate investment partnership while undergraduate college student and purchased four assets.
Other: Dual citizenship: USA and UK.