Douglas R. Veasey
Douglas R. Veasey joined SREA to serve as Chief Investment Officer of the investment platform, leading the firm’s first investment, the $76 million acquisition of 1515 Market Street, a 510,000 square foot office building in the Philadelphia, Pennsylvania CBD and directing subsequent investments in office, industrial and mixed-use properties and debt-acquisitions.
Prior to joining SREA, Mr. Veasey served as Senior Vice President – Office and Industrial at Stoltz Real Estate Partners, a national real estate investment firm, leading the acquisition and asset management functions for office and industrial assets within the portfolio. While at Stoltz, Mr. Veasey led the acquisition and subsequent asset management of a 1.5 million square foot office, manufacturing and distribution facility in suburban Chicago, Illinois and the disposition of office and industrial properties in Las Vegas, Nevada and Philadelphia, Pennsylvania aggregating approximately 1 million square feet. Additional asset management responsibilities included the direction of leasing, construction and property management for a 2 million square foot portfolio of office and industrial assets in Philadelphia, Pennsylvania and Atlanta, Georgia.
Before joining Stoltz, Mr. Veasey served as Senior Vice President – Capital Markets at the Kevin F. Donohoe Company, a regional real estate investment and development firm, where he managed the acquisition and capital markets functions of the firm. While at Donohoe, Mr. Veasey closed acquisition and recapitalization transactions for value-added office buildings, mixed-use and retail investments in Washington, DC, Philadelphia, Pennsylvania, Baltimore, Maryland and New England, aggregating in excess of $208 million.
Prior to his tenure with Donohoe, Mr. Veasey served as Vice President for Banque Paribas, a French merchant bank, where he originated high-yield real estate transactions and managed an internationally syndicated loan portfolio. Specifically, Mr. Veasey closed mezzanine investments with an aggregate deal size of $55 million. Transactions included distressed note acquisitions with simultaneous senior debt syndications, as well as senior financings structured with equity interests. Portfolio responsibilities included the management of a diversified funded loan portfolio aggregating $301 million, including the agency role in 2 international bank syndicates totaling $560 million among 12 banks for class “A” office properties in Boston, Massachusetts and Philadelphia, Pennsylvania.
Mr. Veasey began his career as a banker with Chemical Bank (subsequently acquired by J.P. Morgan), where his primary real estate responsibilities were the marketing, underwriting and execution of commercial and investment banking products to clients in Pennsylvania, Maryland and Washington, DC.