SAN FRANCISCO–Matthew C. McCormick has beenhired as senior vice president of The Roxborough GroupLLC, a real estate private equity firm. A veteran realestate executive with vast experience in the institutional realestate investment business, McCormick is responsible for sourcingand managing investment opportunities across the West.

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McCormick tells GlobeSt.com: "The Bay Area is a top targetedmarket for the Roxborough Group as it continues to outperform thevast majority of metropolitan areas in the US economic fundamentalsremain strong with continued growth in employment, wages, homeprices and consumer spending. All of these factors have contributedto rising rental rates across all products types over the lastseveral years. With interest rates at historic lows and asignificant amount capital looking for opportunities in the BayArea, real estate values have risen considerably. As such,opportunities to capture outsized returns have become scarcer. Atthe Roxborough Group, we will continue to be prudent in ourdeployment of capital for new investments."

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As senior vice president of acquisitions and capital marketsgroup for Stockbridge Capital Group—a real estateinvestment firm with more than $8 billion in gross assets undermanagement—McCormick co-led the firm's acquisition and capitalmarket efforts for the West. Before that, McCormick was anassociate director for Cushman & Wakefield'sinvestment banking group in New York from 1999 to 2005.

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"Likely targets will be investment opportunities that areshorter in duration or superior in quality and location that canwithstand a market correction or slowdown. These investments mayinclude properties that are underutilized, situations in which anowner is in need of liquidity, or assets that exhibit near termgrowth prospects," says McCormick. "To source these opportunitieswe will continue to rely on our relationships with local partners,brokerage firms, and landlords. In terms of targeted locations, wewill continue to cover all submarkets to uncover investments thatexhibit superior risk adjusted returns. In short, the Bay Arearemains on the top of our list for targeted metro areas and willcontinue to do so for the foreseeable future."

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The Roxborough Group invests in all real estate asset classes,including office, industrial, multifamily, retail, hospitality andresort. Roxborough Fund I's focus will be to provide flexiblecapital and operational know-how to reposition real estate assetsand real estate-related operating companies to generatesuperior-risk adjusted returns to its investors.

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“I'm delighted to have Matt join me in this senior role atRoxborough,” said managing partner Marc Perrin,who founded The Roxborough Group in 2013. “Matt brings tremendousenergy and drive to the firm, and his previous success investing onbehalf of Stockbridge Capital Group as well as his capital marketsexperience will be invaluable as he helps grow The Roxborough Groupplatform and team.”

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.