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Alternative Assets  + Real Estate  | 
A Fresh Look: USAA Real Estate, Square Mile Capital Rebrand as Affinius Capital

A Fresh Look: USAA Real Estate, Square Mile Capital Rebrand as Affinius Capital

USAA Real Estate, which acquired the remainder of Square Mile Capital in 2021, has announced the integration of the two investment management platforms under a new corporate brand name – Affinius Capital.

The company will continue to provide strategic equity and debt capital, leveraging its technology-driven real estate assets, structured credit and flexible deal structures.

“You may not yet recognize our new name, but you certainly know our firms and our people,” said Len O’Donnell, who will remain as CEO and chairman. “We are the same committed partners, advisers, investors and stewards we have always been.”

Craig Solomon, the former CEO of Square Mile, will now serve as CIO and Vice Chairman of the combined company.

USAA Real Estate was a wholly owned affiliate of USAA from 1982 to 2020, when O’Donnell and a group of investors bought a controlling interest in the company. Solomon joined as a partner in 2021 when the company acquired his remaining interest in Square Mile.

The company will continue to have home offices in San Antonio and New York.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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