DENVER and MUNICH, Aug. 7, 2018 — Deutsche Finance Group (the “Company”) announces the formation of Deutsche Finance America which will be based in Denver, CO and headed by longtime real estate executive Jason Lucas as a shareholder and partner. Deutsche Finance Group is a leading global financial services firm and institutional investment manager founded in 2005 and based in Munich. Today the Company has €1.5Bn in assets under management, comprised of 24,500 individual investors and six institutional investment mandates. Deutsche Finance America was set up to execute on direct real estate investments, which will complement the Company’s successful indirect investment activities.
Dr. Sven Neubauer, CIO for Deutsche Finance Group commented, “The United States has always been a very interesting investment market for us and we think it will continue to offer attractive opportunities. This new platform will provide our investors with direct real estate investments through a company under joint control. I have known Jason for eight years and am excited to be partnering with a person of his caliber. His excellent track-record in growing platforms will enable us to fulfil the ambitious growth targets we have for the United States.”
Lucas added, “I am thrilled to be joining forces with my longtime business associates and leading this newly formed company. Deutsche Finance Group has a stellar reputation in the marketplace and we plan to take advantage of the synergies that exist between all of the group companies.” Lucas was most recently President of Amstar, a Denver-based real estate private equity company where he was employed for 11 years. He also held positions at Morgan Stanley and Broadreach Capital after graduating from Brown University.
Two weeks ago Deutsche Finance America closed on its first direct investment in the U.S. with the acquisition of more than 100,000 sq ft of vacant office space in the iconic “Gucci Building” at 685 Fifth Avenue with plans to redevelop the asset.
For further information please contact:
Deutsche Finance America LLC, Jason Lucas (Email: [email protected]), +1-720-252-2300
