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TH Real Estate strengthens Debt team with appointments of Mike Jameson and Rick Dugoff

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TH Real Estate has appointed two senior executives to its Debt team, in newly created roles. Mike Jameson, Managing Director based in San Francisco, is responsible for originating commercial real estate debt transactions in the western US, and Rick Dugoff, Managing Director based in New York City, is a Senior Portfolio Manager responsible for real estate debt.

Prior to joining TH Real Estate, Mike was a Managing Director with Prudential Mortgage Capital Company. He spent 26 years at the firm, acting in various capacities including managing the firm’s third-party commercial mortgage asset management business. Prior to that role, Mike was responsible for loan originations across a number of western states.

Mike earned a BA in Economics from the University of California at Davis and an MBA from the Haas School of Business at the University of California at Berkeley. He also holds several FINRA licenses and is a previous Chair of the San Francisco District Council of the Urban Land Institute.

Rick has over 27 years of commercial real estate investment experience. Prior to joining TH Real Estate, he was Managing Director and Head of Real Estate Debt at JP Morgan Asset Management. Rick was responsible for strategy, portfolio management, originations and asset management for the firm’s flagship open-ended real estate debt fund as well as a series of separate accounts and other pooled vehicles. Earlier in his career, Rick worked at Related Companies and Chemical Bank where his responsibilities included acquisitions, development and structured finance, as well as lending and workouts.

Rick holds a BS from Cornell University and an MBA from Columbia Business School. He is also member of Commercial Real Estate Finance Council, Pension Real Estate Association and the Urban Land Institute.

"Mike and Rick are seasoned industry veterans and have extensive experience with launching and growing third party institutional real estate debt products," said Jack Gay, TH Real Estate’s Global Head of Debt. "Their backgrounds, industry relationships and skill sets will be extremely valuable as we enhance our debt product offerings and expand our global real estate debt platform."

TH Real Estate ended 2016 with a commercial loan portfolio of $20.4bn across the industrial, office, retail, and multifamily/student housing sectors. The firm has also launched a floating-rate commercial real estate lending program with a target size of $500m to compete with the growing CMBS market. Loans are primarily made to opportunistic borrowers who plan to acquire stabilized properties and hold them for a short term. TH Real Estate’s mezzanine debt program, also targets core assets in major markets and includes JVs with foreign investors such as the Korean Teacher’s Credit Union.

TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. TH Real Estate is an investment affiliate of Nuveen, LLC (“Nuveen”), the investment management arm of TIAA Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. COMP201700289