Latitude Boosts Senior Leadership

LOS ANGELES—Latitude Management Real Estate Investors has hired R.J. Richter as a principal at the firm, in a move to expand its senior leadership team. Richter will be focused on origination, structuring and closing of debt and equity investments for all property types.

In joining the firm, Richter brings 14 years of experience in commercial real estate and an extensive value-add background, which was especially attractive to Latitude Management. “R.J. brings an impressive depth of both debt and equity experience,” but most of all, we love adding such a seasoned real estate professional with a reputation for integrity and creativity,” says Glenn Sonnenberg, president of Latitude Management and one of the program committee members of the annual USC Gould Real Estate Law and Business Forum.

Richter previously served as VP of the Chicago-based real estate management firm, Heitman. While there, he was involved in either the origination or asset management of $840 million in debt and equity transactions throughout the US. While at the firm, he worked on all property types nationwide.

Heitman has also recently made GlobeSt.com headlines. The firm formed a joint venture with NexCore Group LP to acquire a 671,811-square-foot medical office portfolio for $114 million. The portfolio has 13 buildings in California and Arizona, and included several buildings occupied by Dignity Health.