A growing investment shop has hired a chief investment officer to help build out its joint venture platform.
MSM Equities of Short Hills, N.J., last month added Igor Der-Baremdiker as a partner. He’s tasked with expanding the firm’s reach by helping it invest via joint ventures and other structured partnerships with larger shops across the country.
MSM typically has raised money from individual investors and invested in long-term, lower-risk holdings. Derbaremdiker comes from a more institutional background, having spent the past 10-plus years at Morristown, N.J., fund operatorHamp-shire Cos. Before that, he was a principal at Lucid Realty and had stints at GE Capital Real Estate and JP Morgan Chase. Executive recruiter Rhodes Associates arranged his hire.
MSM was founded in 2017 by Moishe Samet, head of strategy and vision, and chief operating officer Ari Florh. Last year, MSM hired Adhish Lal from Ashkenazy Acquisition.
The firm targets returns of 8% to 12%. Its portfolio largely comprises office, industrial, and flex properties in Connecticut, New Jersey, New York, and Pennsylvania.