Keith Hall and Peter McMillan III have formed Pacific Oak Companies, comprised of Pacific Oak Capital Advisors LLC, Pacific Oak Capital Markets Group LLC and Pacific Oak Holdings LLC. Pacific Oak will create, advise and distribute commercial real estate investment opportunities to individual investors via investment advisers. Hall and McMillan were two of the co-founders of KBS Capital Advisors.
IRVINE, Calif., Nov. 13, 2018 /PRNewswire/ — Keith Hall and Peter McMillan III, two of the co-founders of KBS Capital Advisors, have formed Pacific Oak Companies, comprised of Pacific Oak Capital Advisors LLC, Pacific Oak Capital Markets Group LLC, and Pacific Oak Holdings LLC.
As a group, the companies plan to work together to facilitate the acquisition, disposition and management of commercial real estate and commercial real estate related investment products, as well as the distribution of financial products designed to provide individual investors with the benefits that can accrue from the ownership of commercial real estate. Investment offerings may include a perpetual life real estate investment trust, private placements including tax-advantaged Delaware statutory trusts (DSTs), a single-family rental housing REIT, qualified opportunity zone funds (QOZFs), private equity, and other value-add alternative investment products.
“There are a host of exciting opportunities in the thriving alternative investments arena,” said Hall. “Pacific Oak will leverage our well-established relationships and industry expertise to continue to deliver these opportunities to financial advisors and their clients throughout the United States. Pacific Oak is dedicated to the independent broker-dealer channel, and when an advisor is in need of value-add products, we want to provide the solution.”
Hall and McMillan are joined at Pacific Oak by the core executive team that previously led KBS Capital Markets Group, including: Michael “Mick” Manning, who will serve as president and chief executive officer; Hans Henselman, chief operating officer; Jeff Kremin, national sales manager; and Lee Bastidas and Emily Gallagher, who will oversee key accounts throughout the independent broker-dealer and registered investment advisor channels.
“We are in the process of staffing Pacific Oak Capital Markets Group and we are fortunate to welcome an exceptionally talented and experienced group of executives upon which we will quickly build,” explained McMillan. “This group is respected and trusted throughout the wealth management arena and will form the core of a powerful sales and distribution team that will provide the highest level of professionalism to investment advisors throughout the country.”
Prior to co-founding KBS Capital Advisors in 2005, Mr. Hall served as a managing director with Credit Suisse First Boston, where he managed distribution strategy and business development for the Principal Transaction Group’s real estate securities portfolio. In this capacity, his two primary business unit responsibilities were mezzanine lending and commercial real estate development. Before joining CS First Boston in 1996, Hall served as a director in the Real Estate Products Group at Nomura Securities. He was responsible for the company’s distribution and trading of fixed-income commercial mortgage-backed securities. Hall spent the 1980s as a senior vice president in the high-yield department of Drexel Burnham Lambert’s Beverly Hills office where he was responsible for the distribution and trading of the group’s high-yield real estate securities.
Mr. McMillan previously served as the executive vice president and chief investment officer of SunAmerica Investments, Inc., which was later acquired by AIG. As CIO, he was responsible for more than $75 billion in assets, including residential and commercial mortgage-backed securities, public and private investment-grade and non-investment-grade corporate bonds and commercial mortgage loans and real estate investments. Before joining SunAmerica in 1989, he served as assistant vice president for Aetna Life Insurance and Annuity Company with responsibility for the company’s $6 billion fixed-income portfolios.
Mr. McMillan received his Master of Business Administration degree in finance from the Wharton Graduate School of Business at the University of Pennsylvania and his Bachelor of Arts degree with honors in economics from Clark University. Mr. McMillan is a director of TCW/MetWest Mutual Funds.
About Pacific Oak Companies
Pacific Oak Companies is comprised of Pacific Oak Capital Advisors LLC, Pacific Oak Capital Markets Group LLC, and Pacific Oak Holdings LLC. Collectively, Pacific Oak will create, advise and distribute commercial real estate investment opportunities to individual investors via the independent broker-dealer and registered investment advisor channels. Pacific Oak was founded by Keith Hall and Peter McMillan III, two of the co-founders of KBS Capital Advisors LLC. Over the course of their careers, they have collectively participated in the acquisition and disposition of more than $175 Billion in transactions. For more information regarding Pacific Oak Companies, please visit www.pac-oak.com.