New York Life Real Estate Investors Hired Thomas Hwang as Senior Director.
NEW YORK, September 17, 2014—New York Life Real Estate Investors announced today the hiring of Thomas Hwang as Senior Director, Asset Management. Based in the firm’s San Francisco office, Mr. Hwang is primarily responsible for running a portfolio of institutional assets throughout the western United States. He reports to David Cumming, Head of Asset Management for the division’s Madison Fund. Mr. Hwang started at the firm in July.
“Thomas’ extensive experience with managing diverse and complex portfolios is a terrific addition to New York Life Real Estate Investors as we continue to execute our long-term oriented investment strategy,” said Mr. Cumming. “We’re excited to welcome Thomas to our team and we look forward to his many contributions.”
Prior to joining New York Life, Mr. Hwang was Senior Vice President of Asset Management for IndCor Properties, where he was responsible for a West Coast portfolio of over 10 million square feet. Prior to IndCor, he was Senior Vice President at WCV Commercial Properties, which was acquired by The Blackstone Group to become a part of IndCor. Mr. Hwang has also held senior asset manager positions with JP Morgan and Prudential Real Estate Investors. He is a graduate of the University of California at Berkeley.
About New York Life Real Estate Investors
New York Life Real Estate Investors is a division of New York Life Investments* and NYL Investors, LLC, wholly-owned subsidiaries of New York Life Insurance Company.
New York Life Real Estate Investors is a full service, fully-integrated real estate enterprise with more than 100 professionals. The division has market-leading capabilities in origination, underwriting, and investment in real estate equity products and related debt, including real estate equity investments, commercial mortgage loans, commercial mortgage backed securities, and unsecured REIT bonds. With over $37 billion in assets under management as of June 30, 2014, New York Life Real Estate Investors is actively seeking to acquire additional properties throughout the U.S.
*New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary New York Life Investment Management LLC. New York Life Investment Management LLC is a wholly-owned indirect subsidiary of New York Life Insurance Company.
About New York Life
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s & (AA+).** Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.
* Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/16/14. For methodology, see http://fortune.com/fortune500/.
**Individual independent rating agency commentary as of 8/13/13.
***New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.
For New York Life
For New York Life