Carmel Partners names David McWhorter Head of Investor Relations

San Francisco, California ? Effective July 8, 2013, Mr. David (?Mac?) McWhorter will join the real estate investment management firm of Carmel Partners (? Carmel ?) as Managing Partner, Head of Investor Relations, the firm announced today. Mr. McWhorter will be based in the firm?s San Francisco headquarters.

In this capacity, Mr. McWhorter, 53, will also serve as a member of the firm?s investment committee. Carmel specializes in multifamily real estate investment strategies in the U.S. and currently manages approximately $5 billion in gross asset value through a series of four closed-end funds.

Mr. McWhorter has over 30 years of institutional real estate investment experience. He comes to the firm from AEW Capital Management, where he served for over 10 years as a Director in Investor Relations. Mr. McWhorter was directly responsible for building and maintaining strong client relationships with U.S. institutional investors, including public and corporate pension plans, endowments and foundations.

?We are very excited to have a professional of Mac?s caliber join the Carmel team. He has a broad set of skills and experience, and he is a proven leader in managing institutional investor relationships. I have no doubt he will expertly serve our investor base that includes many of the nation?s top real estate fund investors,? said Ron Zeff , founder and Chief Executive Officer of the firm.

About Carmel Partners
Based in San Francisco , Carmel is a premier, full-service real estate investment firm specializing in multifamily real estate investment strategies within the United States . Founded in 1992 by Ron Zeff , Carmel also has offices in New York , Irvine , Denver , Seattle , Washington , D.C., and Honolulu . Carmel currently employs 605 professionals and manages 16,907 apartment units.

The Company pursues a proven strategy of opportunistic and value-add investing in multifamily properties in targeted U.S. supply-constrained markets with high barriers to entry. Carmel also invests in new development and high-yielding multifamily debt opportunities with compelling risk-adjusted returns. Carmel ?s core markets currently include Northern and Southern California, New York , Seattle , Denver , Washington , D.C., and Hawaii.

The firm is currently investing its $820mm Carmel Partners Investment Fund IV (?Fund IV?). Exceeding its original $700mm target, Fund IV was oversubscribed and closed in 2012 at its hard cap. The fund is the fourth in a sequential series of discretionary real estate investment vehicles raised and managed by Carmel .

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