Black Creek Group has named Raj Dhanda as its first CEO.
Dhanda was previously president of the firm, before the CEO position was created.
The real estate investment management firm is based in Denver and has nine offices across North America.
According to a press release, the creation of the CEO position and promotion of Dhanda signals Black Creek Group’s move to develop new products and investment vehicles.
“Over the last two-and-a-half decades, we’ve refined a deliberate and repeatable investment process while still fostering a nimble, entrepreneurial operating culture,” said Black Creek Group co-founder Jimmy Mulvihill. “With his significant executive experience at a leading investment bank and deep understanding of key distribution channels, we know Raj is the right person to tie it all together into a world-class commercial real estate firm.”
Dhanda was at Morgan Stanley for 26 years before joining Black Creek Group in late 2016. He said he expects the firm to continue creating and managing institutional-quality commercial real estate investment products.
However, Dhanda wants to make them more accessible to individual investors.
“I’m inspired by the opportunity set ahead of us—both in this phase of the market cycle and at this firm,” said Dhanda.