BNY Mellon’s US real estate investment boutique, Amherst Capital Management, has hired Gabriel Boyar as a managing director of its CRE lending originations team.
Boyar, previously founder and managing principal of Columbia River Capital Advisors, will focus on sourcing senior loan opportunities in the US, according to a statement from the firm.
Boyar, who brings 26 years of real estate experience, held senior positions at CapitalSource and UBS prior to his time at Columbia, where he advised on equity and debt transactions.
Based out of New York City, he will report to Abbe Franchot, head of originations, who along with Chris Kelly joined in November 2015 with four other professionals to oversee the development of Amherst’s lending business. The platform’s focus remains on senior debt solutions for experienced owners and investors.
“I look forward to fostering strategic partnerships with borrowers and the mortgage brokerage community in a collective effort to bolster Amherst Capital’s growth,” Boyar said in prepared remarks.
Amherst has approximately $6.3 billion of assets under management. It is a majority-owned subsidiary of global investment firm BNY Mellon and minority-owned by Amherst Holdings, a financial services holding company, which is not a BNY Mellon affiliate.
As of June 30, 2016, BNY Mellon had $29.5 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management, according to the firm.