December 20, 2022
Hires Industry Veteran Brendan McCormick as Managing Principal to lead the Firm’s Growing Credit Platform
December 20, 2022 (Providence, RI) – Procaccianti Companies, one of the nation's premier real estate investment and services firms, today announced the hiring of Brendan McCormick, to lead Procaccianti’s private credit platform, Smith Hill Capital, LLC (“Smith Hill”).
Smith Hill has been formed to invest in opportunities across the entire commercial real estate debt capital structure and to be a provider of liquidity in this market. “I am extremely pleased to join the Procaccianti Companies and to lead Smith Hill Capital” states Brendan McCormick, Managing Principal of Smith Hill Capital. “I have enjoyed a longstanding relationship with principals of Procaccianti Companies and look forward to representing the firm as we build a best-in-class commercial real estate debt investment management business”.
McCormick joins Smith Hill Capital following an over twenty-year career having held positions with Axonic Capital, where he ran the commercial real estate loan business, Guggenheim Structured Real Estate Advisors, Related Capital and Rockwood Realty. Mr. McCormick and Procaccianti Companies have collaborated on multiple successful transactions throughout their tenured relationship. Mr. McCormick earned a BA from Hamilton College. Mr. McCormick maintains leadership roles within the commercial real estate industry and is currently on the Commercial Real Estate Finance Council’s Board of Governors.
“We’ve worked with Brendan for many years and we’re thrilled to have him join our team to lead Smith Hill Capital” states Rob Leven, Chief Investment Officer for Procaccianti Companies. “Brendan is highly respected throughout the industry and his experience aligns perfectly with our growth plans for our credit platform”.
About Smith Hill Capital, LLC. and Procaccianti Companies (procaccianti.com)
Procaccianti Companies is one of the largest privately-held real estate investment and services firms in the United States. Founded in 1958, our successful track record spans over six decades and our experience includes thousands of transactions representing more than $15 billion of diversified (debt/equity) real estate investments. We are a vertically integrated alternative asset manager with a broad national platform having owned, developed, managed or financed investment real estate in over 300 cities across 41 states. Smith Hill has been formed to invest in opportunities across the entire commercial real estate debt capital structure and to be a provider of liquidity in this market.