DWS Ramps Up US Real Estate Credit Team with 4 JP Morgan Hires

Jay DeWaltoff has joined asset manager DWS Group as head of U.S. real estate debt, with the goal of accelerating the expansion of the company’s existing U.S. real estate credit business and expanding its global private credit platform. He will report directly to Todd Henderson, co-global head of real estate and head of real estate for the Americas.

DeWaltoff has over two decades of experience in origination and structuring, having previously led J.P. Morgan Asset Management’s commercial mortgage loan group within its alternatives platform.

At J.P. Morgan, DeWaltoff was responsible for capital raising, constructing tailored portfolios and approving all new investments. He led the team in building a commercial mortgage lending platform, growing commitments from less than $2 billion to over $13 billion. Prior to that, he held roles at Citigroup global markets and Cushman & Wakefield.

He is joined by three other J.P. Morgan colleagues: Daniel Sang, Catherine Millane, and Khrystyna Bazylyak.

“DWS has cultivated longstanding strategic relationships with investors seeking access to private real estate, infrastructure, and liquid real assets,” said Henderson. “We are seeing increased opportunities in the debt market due to the macroeconomic and regulatory environments which should deliver attractive risk-adjusted return potential to investors.”

Germany-based DWS has nearly $ trillion in assets, $116 billion across its alternatives platform. The firm has managed corporate credit portfolios for over 25 years, with over €100 billion ($110 billion) in dedicated investment grade, hybrid, high yield and direct lending portfolios.

Pictured: Jay DeWaltoff – Courtesy, DWS