Bridge Development Partners hired Sean Zasche as chief financial officer. Zasche joins the firm from CA Ventures, where he worked as vice president of investment management. Former CFO John Maduros moved into the role of chief accounting officer.
Bridge Development Partners announced today that it has welcomed Sean Zasche, formerly of CA Ventures, as its new chief financial officer. As CFO, Zasche will play a crucial role in leading all capital management of the company, including raising and managing strategic equity programs and debt relationships. He will play a key role as BRIDGE continues to grow its national portfolio, and proceeds with plans to open its London office by the end of 2020.
The addition of Zasche to BRIDGE’s executive team is a key step in the company’s evolution as it complements its expertise and successful track record with expanded access to capital and investment management capabilities. BRIDGE has been a leading developer of industrial properties in its core markets with over $7 billion of assets with Banner Oak Capital Partners (“Banner Oak”), Teacher Retirement System of Texas (“Texas Teachers”) and others since 2013.
“Sean’s years of experience are invaluable to our mission of infusing new outside capital to BRIDGE’s acquisition and development efforts, as we continue to expand both domestically and across the globe,” said Steve Poulos, CEO at Bridge Development Partners. “As our portfolio grows, and we prepare to establish our presence in London at the end of this year, it has become increasingly crucial for us to monitor and continue to participate even more aggressively in the capital markets. We are extremely confident Sean is the right choice to successfully lead us into a new era as one of the world’s leading industrial real estate platforms.”
Zasche was previously executive vice president of investment management at CA Ventures, where he helped the company to grow from $500 million to over $14 billion of assets over the last six years. In addition to leading investor relations and equity raising efforts, Zasche also oversaw portfolio and asset management of funds and joint ventures formed with global institutional investors.
“Joining the team at BRIDGE offers me the opportunity to apply my years of expertise and knowledge of the capital markets to fuel BRIDGE’s ongoing acquisition efforts, and to ensure our growing portfolio continues to generate significant returns for our investors,” said Zasche. “I look forward to working with our existing partners in Banner Oak and Texas Teachers, as well as tapping additional sources of capital that can power our entry into new markets, forging a new, even more successful chapter in our company’s history.”
Prior to CA Ventures, Zasche was a vice president at M3 Capital Partners, where he closed over $13 billion of strategic advisory transactions, including in the industrial sector. Zasche began his career at PricewaterhouseCoopers. Zasche holds a bachelor’s degree in Business, Finance & Accounting from Indiana University’s Kelley School of Business and earned his CPA in 2004.
His predecessor, John Maduros, will remain a member of BRIDGE’s executive team and has been named its new chief accounting officer. As chief accounting officer, Maduros will oversee all internal accounting, audit and reporting functions at BRIDGE. Maduros will also continue to manage all real estate and debt transaction closings.
About Bridge Development Partners
Bridge Development Partners, LLC (www.bridgedev.com) is a privately-owned firm that focuses on the acquisition and development of Class A industrial real estate in the supply constrained core industrial markets of the Bay Area, Southern California, Chicago, Miami, New Jersey/New York, and Seattle. Since its inception in 2000, BRIDGE has successfully acquired and developed more than 44 million square feet of industrial buildings/projects valued at more than $7.3 billion. Currently, BRIDGE has a strategic joint venture with investment partnerships managed by Banner Oak Capital Partners, L.P., a Dallas-based investment advisor.