Landmark Partners has promoted James Sunday to partner of its real estate group, the firm revealed today.
The Simsbury, Connecticut-based group also named Ira Shaw vice president of the real estate arm of the fund of funds and secondaries firm. Michelle Creed was also promoted to senior associate in 2010, the firm added.
Sunday, who is responsible for sourcing, underwriting and managing secondary and primary real estate investments, joined Landmark from Citigroup’s global real estate and lodging group in 2006, where he focused on M&A transactions. Prior to Citigroup, Sunday was a senior research analyst at Institutional Property Consultants managing commingled real estate fund investments.
Shaw joined Landmark’s real estate group in 2008 from AEW Capital Management’s direct acquisitions group. Creed has been with Landmark since 2002.
Landmark also announced the promotion of three private equity professionals, including Ian Charles to partner, Ibrahim Majeed to vice president and Joseph Nasr to senior associate.
In December, Religare, an Indian financial services company, agreed to pay up to $171.5 million to buy a 55 percent stake in Landmark. The private equity and real estate investment firm is currently raising its latest real estate vehicle, Landmark Real Estate Fund VI, targeting $750 million. The firm is believed to have held a first close. Earlier in 2010, Landmark closed its 14th private equity secondaries fund, reportedly on about $1.9 billion.