Plotnick, who formerly was a vice president at City National Bank's real estate group, will be responsible for originating new investments for Legg Mason, which recently closed a $600-million mezzanine real estate fund that focuses on value-added assets.
At City National, Plotnick was responsible for originating new acquisition and construction loans and managing a portfolio of existing loans. Before City National Bank, he oversaw the development and sellout of a 468-unit, $40-million condominium conversion that was a joint venture between ING Realty Partners and Golub & Co.
Legg Mason Real Estate Investors Inc. provides commercial real estate financing to fund entrepreneurial multifamily, office, retail, industrial and other properties. Its products include high leverage bridge loans, stabilized mezzanine loans, value-add mezzanine loans and preferred equity.
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