US property investor PeerStreet hires real estate chief

By Emily Nicolle on 1st May 2018

Property

It’s uncharted territory for PeerStreet’s new CREO.

US property investor PeerStreet hires real estate chief

Property investment firm PeerStreet has today announced the appointment of John Devereux as its new chief real estate officer, or CREO, to be based in its Los Angeles headquarters.

PeerStreet says that Devereux will be responsible for “strategic oversight and management” of the loans offered on the platform for investment, including business development, account management, servicing and portfolio management. He brings more than 28 years of experience in real estate equity and debt, including six years as head of commercial real estate at OneWest Bank and nine years as principal at Colony Capital. 

“Following our Series B funding, PeerStreet has entered a new state of expansion and deepening our reach within the industry.” said Brew Johnson, CEO of PeerStreet. “John has unparalleled experience and is an industry leader at what he does; we are extremely pleased to have him on board.”

Backed by Andreessen Horowitz, the firm hopes to use Devereux’s past experience to aid PeerStreet’s continued scaling efforts, and further expand the real estate debt investment opportunities available on the platform. The hire comes after PeerStreet recently closed a $29.5m Series B, as well as $900m in loans funded.

“The high-energy culture and the calibre of talent at PeerStreet attracted me to the business and the more I dig into the company and its mission, the more I find the business to be extremely compelling,” said Devereux. “My experience and skills are a great fit at this stage of the company's evolution, and I look forward to applying them here.”

 

Comments

AltFi Amsterdam Summit 2018

AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.

5th November 2018


Companies in this Article:

PeerStreet