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Germans form US platform, seek $100M to capitalize first deal

Deutsche Finance Group, a Munich-based financial services firm and institutional investment manager, announced the formation of Deutsche Finance America

The newly formed asset manager focused on private equity real estate and real estate investments in the US, is based in Denver, CO, and headed by longtime real estate executive Jason Lucas as a shareholder and partner.

“I am thrilled to be joining forces with my longtime business associates and leading this newly formed company,” said Lucas.

“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.”

JASON LUCAS

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.

In a joint venture with BLG Capital, Deutsche Finance America closed on its first direct investment in the U.S. last month with the acquisition of more than 100,000 s/f of vacant office space in the Gucci Building at 685 Fifth Avenue with plans to redevelop the asset as luxury apartments.

The joint venture — which includes developer Michael Shvo — is seeking $100 million in debt financing, according to RE Finance & Investment.

Founded in 2005, Deutsche Finance Group has nearly $2 billion 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 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.”

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