Amherst Capital adds real estate lending exec

Damon Pitler will manage CRE lending and US single-family portfolios. 

Amherst Capital Management has hired a former Texas pension director to lead its real estate debt and equity portfolios, the company said on Monday.

Damon Pitler, most recently a senior investment manager for real assets at the Teacher Retirement System of Texas, has joined Amherst as a managing director, according to a statement.

Pitler will lead the company’s US Single Family Equity and Commercial Real Estate Lending portfolios. He will be based in Austin, Texas, where he will report to Sean Dobson, chief executive officer and chief investment officer.

Prior to joining Amherst, Pitler was a senior investment manager for real assets at the Teacher Retirement System of Texas. He previously served as director of real estate and infrastructure investments at OAS Investimentos in Sao Paulo, Brazil. He has also held investment and structuring roles with Brookfield Asset Management, Credit Suisse, and Clifford Chance.

Amherst’s commercial real estate lending strategy originates first lien loans on transitional properties, according to its website. On top of private debt, the firm invests in private equity for single-family rentals and public securities. The firm had $5.7 billion of assets under management as of 31 December.

The firm is an affiliate of the financial giant BNY Mellon, which had $1.7 trillion in assets under management as of 31 March.