CCREI is an unlisted, closed-end fund registered under the Investment Company Act of 1940.
CCREI intends to invest throughout the real estate capital structure to offer investors access to a diversified portfolio of commercial real estate (CRE) and real estate-related investments, such as CRE securities, CRE debt and CRE equity. Additionally, the portfolio will extend to multiple property types and geographic regions throughout the U.S.
Colony Capital, Inc. (Colony Capital), an affiliate of CCREI’s advisor,* is one of the world’s largest real estate investors, owners and operators. Colony Capital brings decades of real estate experience and considerable deal sourcing and execution capabilities to this investment opportunity.
Mr. Traenkle has been Chairman, an Interested Trustee, Chief Executive Officer and President of CCREI and the Funds since December 15, 2017, and a member of the Advisor’s investment committee since January 2017.
Mr. Traenkle is the Executive Vice President and Chief Investment Officer of Colony Capital, Inc. In addition, Mr. Traenkle serves as Chief Executive Officer and President, and as a member of the Board of Directors, of Colony Credit Real Estate, Inc. (NYSE: CLNC), a position he has held since January 2018. In his roles at Colony Capital, Inc. and its predecessors, he has been involved in many facets of the businesses, including business strategy, product development, global client relations, oversight of individual investment and divestment decisions, as well as portfolio construction and risk management.
Prior to rejoining the Colony Capital business in 2002, Mr. Traenkle worked for a private equity investment firm, where, among other responsibilities, he focused on the firm’s real estate-related investment and management activities. Prior to originally joining Colony Capital in 1993, Mr. Traenkle worked in the municipal finance department for the investment bank First Albany Corporation in Albany, New York.
Mr. Traenkle received a B.S. in Mechanical Engineering in 1992 from Rensselaer Polytechnic Institute in Troy, New York.
Mr. Saracino is the Managing Director, Chief Financial Officer – Retail Companies of Colony Capital, Inc. (Colony Capital), a position he has held since January 2017. Mr. Saracino has served as the Trust’s and the Master Fund’s Chief Financial Officer and Treasurer since inception. Mr. Saracino has also served as the Chief Financial Officer and Treasurer of CC Real Estate Income Fund-T since December 2015.
Mr. Saracino has served as Chief Financial Officer of NorthStar/Townsend Fund since inception and has served as a Director of the REIT subsidiary since February 2017. Mr. Saracino has served as Chief Financial Officer and Treasurer of NorthStar Corporate Income Fund and NorthStar Corporate Income Master Fund since July 2015 and Chief Financial Officer and Treasurer of NorthStar Corporate Income Fund-T since November 2015. In addition, Mr. Saracino has served as Chief Financial Officer and Treasurer of NorthStar Healthcare Income, Inc. since August 2015.
Prior to joining a predecessor of the Colony business in 2015, Mr. Saracino was a managing director with Prospect Capital Corporation (Prospect) where he concentrated on portfolio management, strategic and growth initiatives and other management functions. In addition, during his tenure at Prospect, Mr. Saracino served as Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary of each of Priority Income Fund, Inc. and Pathway Energy Infrastructure Fund, Inc., and their respective investment advisers, and served as a Managing Director of Prospect Administration, LLC. Previously, Mr. Saracino was a Managing Director at Macquarie Group, and Head of Finance from August 2008 to June 2012 for its Americas non-traded businesses which included private equity, asset management, lease financing, private wealth, and investment banking. From 2004 to 2008, he served first as Controller and then as Chief Accounting Officer of eSpeed, Inc. (now BGC Partners, Inc.), a publicly-traded subsidiary of Cantor Fitzgerald.
Prior to that, Mr. Saracino worked as an investment banker at Deutsche Bank advising clients in the telecom industry. Mr. Saracino started his career in public accounting at Coopers & Lybrand (now PricewaterhouseCoopers) where he earned a CPA and subsequently worked in internal auditing for The Dun & Bradstreet Corporation. He holds a Bachelor of Science degree from Syracuse University.
William Hughes, III is the Chief Operating Officer, Managing Director and Investment Management at Colony Capital, Inc. Mr. Hughes is responsible for liquid investment strategies. He is the Portfolio Manager of the Colony Capital Focus Fund and the firm’s Commercial Real Estate Securities portfolio.
Prior to joining Colony Capital in 2017, Mr. Hughes managed the Focus Fund within Kayne Anderson. Prior to that, Mr. Hughes was a portfolio manager for the Condorcet Opportunity Fund, an event driven hedge fund controlled by Societe Generale. Mr. Hughes has been engaged in value and event driven investing as an analyst and portfolio manager since 1998, and he previously managed similar strategies at Allen & Company and Pequot Capital Management. He began his career as an investment banking analyst at Goldman, Sachs & Co. in the financial institutions group.
Mr. Hughes is an honors graduate of the University of Chicago with a concentration in economics. He is a Chartered Financial Analyst (CFA) and a member of the New York Society of Security Analysts.
Ms. Forman has served as the Trust’s and the Master Fund’s General Counsel and Secretary since October 2016 and Chief Compliance Officer since October 2015. Previously, Ms. Forman served as the Trust's and the Master Fund’s Associate General Counsel and Assistant Secretary from October 2015 to October 2016. Ms. Forman has served as CC Real Estate Income Fund-T’s General Counsel and Secretary since October 2016, and Chief Compliance Officer since October 2015, having previously served as Associate General Counsel and Assistant Secretary from December 2015 to October 2016.
Ms. Forman has served as Chief Compliance Officer of NorthStar Corporate Income Fund, NorthStar Corporate Income Master Fund and NorthStar Corporate Income Fund-T since October 2015 and General Counsel and Secretary since January 2017. Previously, Ms. Forman served as Associate General Counsel and Assistant Secretary of NorthStar Corporate Income Fund and NorthStar Corporate Income Master Fund from October 2015 to January 2017 and Associate General Counsel and Assistant Secretary of NorthStar Corporate Income Fund-T from November 2015 to January 2017. Ms. Forman has served as Chief Compliance Officer and Secretary of NorthStar/Townsend Fund since inception. Ms. Forman also serves as Chief Compliance Officer for the registered funds, a position she has held since February 2017.
Ms. Forman currently serves as Deputy General Counsel at Colony Capital, Inc. (Colony Capital), a position she has held since January 2017. Ms. Forman previously served as Senior Counsel for a predecessor of the Colony business from October 2015 to January 2017. Previously, Ms. Forman was Senior Counsel at Proskauer Rose LLP from July 2014 to October 2015, where she represented investment companies, including registered closed-end funds and business development companies and REITs regarding legal, corporate governance and compliance issues. In addition, from August 2004 to June 2014, she served as General Counsel, Chief Compliance Officer and Director of Human Resources and from January 2009 to June 2014 as Secretary of Harris & Harris Group, Inc., a publicly traded business development company. From January 2012 to June 2014, she served as General Counsel, Chief Compliance Officer and Secretary of H&H Ventures Management, Inc., a wholly owned subsidiary of Harris & Harris Group, Inc.
Ms. Forman began her legal career in the Investment Management Group at Skadden, Arps, Slate, Meagher & Flom LLP. She holds a Bachelor of Arts from New York University in New York, New York, and a Juris Doctor from the University of California Los Angeles in Los Angeles, California.
Mr. Traenkle has been Chairman, an Interested Trustee, Chief Executive Officer and President of CCREI and the Funds since December 15, 2017, and a member of the Advisor’s investment committee since January 2017.
Mr. Traenkle is the Executive Vice President and Chief Investment Officer of Colony Capital, Inc. In addition, Mr. Traenkle serves as Chief Executive Officer and President, and as a member of the Board of Directors, of Colony Credit Real Estate, Inc. (NYSE: CLNC), a position he has held since January 2018. In his roles at Colony Capital, Inc. and its predecessors, he has been involved in many facets of the businesses, including business strategy, product development, global client relations, oversight of individual investment and divestment decisions, as well as portfolio construction and risk management.
Prior to rejoining the Colony Capital business in 2002, Mr. Traenkle worked for a private equity investment firm, where, among other responsibilities, he focused on the firm’s real estate-related investment and management activities. Prior to originally joining Colony Capital in 1993, Mr. Traenkle worked in the municipal finance department for the investment bank First Albany Corporation in Albany, New York.
Mr. Traenkle received a B.S. in Mechanical Engineering in 1992 from Rensselaer Polytechnic Institute in Troy, New York.
Ms. Hurley has been the lead Independent Trustee since March 3, 2016. Ms. Hurley has also served as an independent director and audit committee member of NorthStar/RXR New York Metro Income, Inc. since February 2015, and as an independent director and audit committee chair of Griffin-American Healthcare REIT IV, Inc. since February 2016. Ms. Hurley also serves as an independent director of NorthStar Realty Europe Corp., a position she has held since August 2016.
Ms. Hurley has been the Chief Operating Officer of Stonecourt Capital, a middle-market growth private equity firm, since September 2016. From August 2015 to September 2016, Ms. Hurley consulted as the Chief Operating Officer of Imperial Companies, a startup real estate private investment firm and from January to June of 2015 she was the startup Chief Administrative Officer of RedBird Capital Partners, a growth private equity firm. Previously, Ms. Hurley served from November 2011 to January 2015 as Managing Director of SG Partners, an executive search firm, where her responsibilities included business development and execution of private equity, hedge fund and real estate recruiting efforts. From September 2009 to November 2011, she served as the Chief Operating Officer, Global Distribution, of Credit Suisse Asset Management, where she was responsible for overall management of the sales business, strategic initiatives, financial and client reporting, and regulatory and compliance oversight. From 2004 to September 2009, Ms. Hurley served as the founding Chief Administrative Officer of TPG-Axon Capital, where she was responsible for investor relations, fundraising, human capital management, compliance policy implementation, joint venture real estate investments and corporate real estate.
Prior to 2004, Ms. Hurley served in the Office of the President at the Rockefeller University, where she provided staff analysis and direction for all major administrative projects, including real estate development. Earlier in her career Ms. Hurley worked in real estate and corporate finance at Edison Schools Inc. and in the real estate department at Goldman Sachs.
Ms. Hurley holds a Bachelor of Arts from Harvard University in Cambridge, Massachusetts and a Master of Business Administration from Yale School of Management, New Haven, Connecticut.
Mr. Altobello has been an Independent Trustee since March 3, 2016. Mr. Altobello has also been an independent director and member of the audit committee of NorthStar Healthcare Income, Inc. since June 2011. As Chairman of Altobello Family LP since October 2000, he has extensive private investment experience in public securities, gas and oil, mutual funds and private equity ventures.
From September 1995 until October 2000, Mr. Altobello was the Chairman of Onex Food Service, Inc., a subsidiary of private equity investor Onex Corp., where he was responsible for board meetings and special client relations. From December 1989 to September 1995, Mr. Altobello served as Chairman, President and Chief Executive Officer of Caterair International Corporation, an in-flight food service provider that was acquired by Onex Food Service, Inc. in September 1995. From November 1979 to December 1989, he held various managerial positions with the food service management and in-flight catering divisions of Marriott Corporation (NYSE: MAR), including Executive Vice President of Marriott Corporation and President of Marriott Airport Operations Group.
Mr. Altobello began his management career at Georgetown University as Vice President of Administration Services. He is a member of the boards of directors of Arlington Asset Investment Corp. (NYSE: AI), a principal investment firm that invests in mortgage-related and other assets, DiamondRock Hospitality Company (NYSE: DRH), a lodging focused real estate company, Mesa Air Group, Inc., a regional airline and MamaMancini’s Holdings, Inc., a wholesale food manufacturer. Mr. Altobello also served on the advisory board of Hidden Creek Partners until February 2013 and is a trustee of Loyola Foundation, Inc.
He holds a Bachelor of Arts in English from Georgetown University in Washington, D. C. and Master of Business Administration from Loyola University in Baltimore, Maryland.
Mr. Samay has been an Independent Trustee since March 3, 2016. Mr. Samay has also been an independent director and a member of the audit committee of NorthStar Healthcare Income, Inc. since June 2011. Mr. Samay previously served as Chief Investment Officer for the Fairfax County Retirement Systems consisting of three public pension systems with a combined $6 billion of assets from July 2013 (having previously served as an Investment Officer since July 2011) to July 2016.
Mr. Samay served as Executive Director and Chief Investment Officer for Arlington County Employees’ Retirement System, a $1.3 billion public pension plan, from August 2005 to September 2010. Mr. Samay served as Assistant Treasurer for YUM! Brands, Inc. (NYSE: YUM), a quick service restaurant company, from 2003 to 2005. From 1998 to 2002, he served as Vice President and Treasurer of Charles E. Smith Residential Realty, Inc., a publicly traded REIT that merged with Archstone Communities of Denver in 2001 to form Archstone-Smith Trust, a publicly-traded REIT until acquired by Tishman Speyer and Lehman Brothers Holdings Inc. in October 2007. Mr. Samay served as Senior Manager, Capital Markets and Investments, for MCI Corporate from 1996 to 1998. From 1987 to 1996, he held various positions, progressing from Senior Financial Advisor-Corporate Treasury to Assistant Treasurer-Corporate Treasury, for COMSAT Corporation, a global telecommunications company.
Mr. Samay holds a Bachelor of Science in Engineering from Pennsylvania State University in University Park, Pennsylvania, and a Master of Business Administration from the Darden School of Business, University of Virginia in Charlottesville, Virginia.
