LOS ANGELES-CityView, the urban investment firm founded by former HUD secretary Henry Cisneros, has named two new execs recently, one to lead the company’s global capital raising efforts and another to focus on acquisitions and dispositions, including distressed assets. Brad Barsily joins the firm as senior vice president of capital development after two and a half years as a principal with Greenwich, CT-based Atlantic-Pacific Capital. Bruce Crane joins CityView as a vice president to oversee acquisitions and dispositions, including the recent acquisition of the 147-unit Venue at Warner Center Apartments in Woodland Hills.

Cisneros said in a prepared statement that CityView “has enjoyed strong relationships with several highly regarded institutional investors and invested capital for them with great results” since its inception. However, the firm believes that now is an ideal time to expand the scope and breadth of its relationships throughout the institutional capital markets, Cisneros said.

Barsily will have primary responsibility for identifying capital partners to invest alongside CityView in connection with several of its various urban-based investment strategies, including those focused on value-add multifamily acquisitions, distressed for-sale housing, and sourcing, structuring and marketing uniquely structured mezzanine debt associated with financing urban infrastructure investments. He will also lead CityView’s effort to establishing a co-investment joint venture that will allow investors the opportunity to invest alongside CityView in funding sponsor equity in carefully selected real estate transactions while paying no fees on committed capital and retaining discretion on investments. Additionally, Barsily will establish the company’s initial presence in New York City, expanding the Los Angeles-based company’s national footprint.

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