Rich Grimaldi is a seasoned real estate executive with over 25 years of experience in senior roles in the real estate industry. He has held various positions in the Commercial Real Estate Division at GE Capital, including Managing Director of Institutional Accounts, Managing Director - Canadian Real Estate, and Managing Director - Large Transaction Group. He has extensive experience in financing public and private companies, structuring debt, equity and joint-venture new business opportunities.
As the Managing Director of GE Real Estate National Accounts from 2001 to 2004 (in New York), he was responsible for all debt investments in North America covering a customer base that consisted of Opportunity Funds, REITs and Public Companies. National Accounts consisted of a $4 billion portfolio and closed approximately $3 billion of new business during that term.
Mr. Grimaldi was Managing Director of GE Capital Commercial Real Estate Financing and Services (CREFS) operations in Canada from 1997 to 2000. The Canadian Division of CREFS consisted of ownership interests in 189 properties and a combined base of loans and owned properties exceeding $2 billion.
Prior to his appointment in Canada, Rich was based in Stanford, CT, as the Managing Director of CREFS Large Transaction Group (LTG). In his capacity as Managing Director, he spent four years valuing, acquiring and lending on more than 100 transactions worldwide totaling in excess of US$28 billion.
Mr. Grimaldi was initially recruited by GE Capital for its Financial Management Program (FMP) in 1980. From 1983 to 1988, he specialized in structuring joint venture transactions with GE Real Estate. In 1988 he joined CREFS where he focused on traditional core lending and portfolio acquisitions until his appointment as Managing Director of the LTG in 1993.
Mr. Grimaldi holds an MBA from the University of Miami.