CGI+ Names Salim Abboud Head of Capital Markets/Middle East
Abboud to manage and grow L.A. real estate investment firm's investor base of high-net-worth-individuals and family offices in the Middle East
By: CGI+ Real Estate Strategies
With more than two decades of real estate sales and marketing experience in both the United States and the Middle East, Abboud joins CGI+ after having led the Sales & Marketing teams for the region's top real estate master developers including Abu-Dhabi-based Eagle Hills and Dubai-based Majid Al Futtaim Properties and Emaar.
Over the course of his career, Abboud has worked on more than $10 billion worth of real estate projects including multi-billion-
"Many of the region's high-net-worth individuals tend to diversify their investments, and a significant part of that strategy is in U.S. real estate, which is viewed as a safer environment offering favorable returns," said Abboud. "My goal is to leverage the success CGI+ has had with major investors in order to capture a greater share of Middle East capital with an appetite for U.S. real estate."
CGI+ Plus is already a year ahead of its aggressive business plan to increase assets under management from $1 billion to $5 billion within the next five years.
"While we have been traveling to the Middle East for years to meet with our investors, Salim now gives us a permanent presence there, which was the natural next step at this time in our evolution," said CGI+ founder and CEO Gidi Cohen.
The firm also has announced that Jon Shapiro has joined the firm as Director of Business Development and Investor Relations, in the firm's Los Angeles headquarters. Previously, Shapiro was Managing Director with West Hollywood, CA-based private investment management firm Skylark Capital Management where he was the primary point-of-contact with the firm's equity partners.
CGI+ Real Estate Investment Strategies (http://www.cgiplus.com) is a Los Angeles-based multifamily investment and development firm with more than $1.6 billion in assets under management. Our portfolio of multifamily and mixed-use assets represents approximately 3,000 apartment units located primarily in Los Angeles, New York, Atlanta and Florida.
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