Chief Executive Officer
Etienne Locoh is founder and CEO of the Urban Century Group. He also acts as Managing Partner for Urban Century Capital Partners and Infinity Urban Century, the firm's two primary investment vehicles. With over 20 years of industry experience, Mr. Locoh brings the Company unique insights into asset selection, deal structuring, and investment management in up or down cycles. He has closed and managed directly over $3.5 billion in real estate related investments, including value-added property acquisitions and development ventures, distressed entity recapitalizations, and corporate private equity transactions. His experience spans nearly all property sectors, with a particular focus on mixed-use urban renewal and development.
Prior to forming Urban Century Group, he was one of the founding members of Citigroup Property Investors North America, a private equity real estate fund management unit of Citigroup that was later acquired by Apollo Management L.P.. His duties included investing capital for the bank and some of its largest institutional investors. Mr. Locoh led a team focused on high yield private equity investments in real estate assets and companies across all property types in the U.S., Canada, and Mexico. He served as board director for private investee companies and managed several key joint ventures of the CPI North America Fund.
Before joining Citigroup Property Investors, Mr. Locoh was vice president at JP Morgan Investment Management responsible for originating and executing value-added real estate investments on behalf of the JP Morgan Special Situation Property Fund.
Mr. Locoh received an MBA with a finance concentration from Harvard Business School, and an M.S. from Ecole d'Architecture Paris-La-Seine, with a major in architecture and a minor in urban economics. He is a member of the Urban Land Institute and sits on ULI's Urban Mixed-Use Development Council. He lives in the New York metropolitan area, with his wife Suneeta and their three children.
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Executive Board Member
Mr. Rini is a senior adviser to Urban Century Group, and a member of its Executive Board. Mr. Rini has over 25 years of real estate investment experience in urban residential development, and he has been an industry leader in tax credit finance. He brings UCG tremendous insights into affordable housing and urban multi-family housing development. He provides strategic direction to the investment team and sits on the company's Investment Committee.
Tom Rini is currently managing a private pool of high-net-worth investor capital focused on start-up ventures ranging from real estate to energy. Prior to this, Mr. Rini served as CEO and President of Apollo Housing Capital, the affordable housing investment company that he founded in 1997 and sold successfully to The Royal Bank of Canada in 2006. Apollo focused on multifamily residential project investments in deep urban markets including Chicago, Los Angeles, Washington, Philadelphia, and Boston.
Under Mr. Rini's direction, Apollo sponsored over $1.5 billion in private equity investments in partnerships with institutional investors such as Fannie Mae, Citicorp, Bank of America, Aegon Insurance, Nationwide Insurance and several California based banks. By the time of its sale to RBC, Apollo had invested in 325 properties representing over 24,000 rental apartment units. The most notable among them was North Town Village, a pioneering new development which sparked the substantial redevelopment of the entire Cabrini Green neighborhood in Chicago, Illinois. The project was widely recognized as an example of Apollo's ability to spur a vibrant urban housing renewal where public policy had previously failed to create momentum.
Before forming Apollo Housing Capital, Tom Rini held senior banking positions at McDonald & Company Securities, an Ohio-based regional investment company later sold to KeyBank. He also worked for several years as a Certified Public Accountant with Deloitte. Mr. Rini received an MBA from Case Western Reserve University in Cleveland, OH, and a BBA from The University of Michigan in Ann Arbor, with a major in finance.
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Executive Board Member
Mr. Busaidy is a senior adviser to Urban Century Group, and a member of its Executive Board. He brings an exceptional depth of expertise to UCG in large scale urban real estate investment, management and capitalization. He provides portfolio management and strategic direction to the investment team and sits on the company's Investment Committee.
Most recently, Mr. Busaidy was the Managing Director and acting Global Head of Real Estate for UBS AG's Global Wealth Management business. He joined UBS in 2004 as Global Head of Portfolio Management. In this role, he was responsible for managing approximately $18 billion of real estate investments for discretionary and non-discretionary high net worth accounts of the bank.
Prior to joining UBS AG, Mr. Busaidy was a founding partner of T.S. Quinn Associates, LLC, a real estate investment management firm specializing in property investments for family offices and private investors. This unit was ultimately integrated into UBS's Global Wealth Management group in 2004. Before founding TSQA in 2002, Mr. Busaidy worked as a Vice President within J.P. Morgan's Real Estate Investment Group, managing real estate private equity investments as a fiduciary, on behalf of governments, corporations, endowments, and foundations. In this role, he was most recently based in New York where he was responsible for sourcing, pricing, structuring and executing core and value-added property investments. He initially joined J.P. Morgan in 1995, in its International Corporate Real Estate Group, where he was involved in the management and development of the firm's owner-occupied real estate portfolio worldwide.
Prior to 1995, Mr. Busaidy worked for CS First Boston's Principal Transactions Group in New York, providing acquisition, restructuring and disposition support to a high-yield closed-end funds invested in non-performing loans and distressed real estate assets. Mr. Busaidy received a Master of Science in Real Estate from Columbia University, and a Bachelor of Science in Land Development & Planning from the University of Miami.
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Our principals receives the strategic advice of a five-member advisory board made up of senior real estate capital market professionals with current or past experiences managing some of the largest and most successful real estate investment funds and organizations in North America. This board meets with the team bi-annually to review the Urban Century Group's investment activity and its portfolio. Its members typically review all investment opportunities proposed for acquisition prior to closing.