Mesirow Financial Direct Real Estate Expands Team and Presence in Denver
CHICAGO, May 2, 2019 – Mesirow Financial announced today the addition of Michael “Mike” Grippi to its Direct Real Estate (“MFDRE”) group. Mr. Grippi will serve as a Managing Director specializing in acquisitions. He will be responsible for overseeing all aspects of the acquisition process, including managing sourcing, financial analysis, due diligence and underwriting procedures. Mr. Grippi will be located in Denver, where Mesirow Financial has been expanding their presence over the past year, and will report to Alasdair Cripps, CEO and Co-Chief Investment Officer for MFDRE.
“Mike will play a strategic role in the continued success of our business, specifically around enhancing our acquisition process,” said Alasdair Cripps. “His presence in Denver will provide us with additional opportunities locally as well as nationwide.”
Mr. Grippi has nearly 20 years of real estate investment experience. Prior to joining Mesirow Financial, Mr. Grippi was a Senior Vice President at JLL/Moran & Company and President of Investment Management at Holland Partner Group where he specialized in acquisitions, dispositions, recapitalizations and asset management. Mike earned a BS in business economics at the University of Oregon.
Over the last five years, the MFDRE team has raised approximately $1.7 billion in equity and has invested in approximately 15,000 multifamily units in 23 cities nationwide. Assets are diversified across suburban and urban properties and U.S. geographic regions, as well as by construction type and vintage year. By design, the properties acquired share close proximity to public transit and are all located in areas with significant differentials between costs-to-own and costs-to-rent.
About Mesirow Financial
Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their specific objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions designed to deliver measurable results. For more information about Mesirow Financial, visit mesirowfinancial.com.