Fundrise’s RSE Capital has named Allan Sternberg as senior vice president of real estate. Previously, Sternberg worked at at Angelo Gordon. RSE Capital is the real estate arm of online investment platform Fundrise.
September 10, 2019 — RSE Capital, the real estate arm of leading online investment platform Fundrise, announced today that Allan Sternberg has joined the company as Senior Vice President of Real Estate. With his deep expertise in large-scale acquisitions and asset management, Sternberg will be tasked with continuing Fundrise’s fast-paced growth in all major West Coast markets.
“Adding an all-star with institutional experience like Allan to our team is a huge win for us,” said co-founder and CEO Ben Miller. “Allan brings with him a wealth of experience, and his expansive investment track record in the real estate industry will be critical as we move into our next phase of growth.”
Prior to joining RSE Capital, Sternberg spent 11 years at Angelo, Gordon & Co., L.P, a $33 billion alternative investment firm. There, he was responsible for acquisitions, asset management and dispositions for the firm’s real estate assets in Denver, Phoenix, Las Vegas, and Southern California. Before Angelo Gordon, Sternberg worked for Lehman Brothers Real Estate Partners, where he focused on real estate fund acquisitions and mezzanine debt investments.
“This was an opportunity to join a company that is truly at the cutting edge of the real estate industry,” Sternberg said. “In a relatively short time, they’ve proven to be one of the most forward-thinking firms in the country. While I’d heard of their growth and been exposed to their pioneering platform, I was surprised to learn of the scale at which they’re deploying capital — currently investing $50 million of equity a month. I truly believe in the mission and in the disruptive potential of the technology, and I couldn’t be more eager to begin working with the team at RSE and Fundrise.”
About RSE Capital
RSE Capital Partners is the real estate investment arm of Fundrise, the leading online real estate investment platform. Headquartered in Washington, DC and with more than $800 million of equity under management, the firm provides flexible and competitive preferred and joint-venture equity across multifamily acquisition and development, as well as land and commercial bridge loans. For more information, visit www.rsecap.com.