Veteran Real Estate Executive Mike Daly Joins Rafferty Holdings to Launch Rafferty Real Estate
New York, NY
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November 12, 2024 01:00 PM Eastern Standard Time
Michael Daly, a veteran real estate executive with over 35 years of experience, is joining Rafferty Holdings to help guide and launch an opportunistic real estate investment strategy, Rafferty Real Estate.
In his new role, Daly will be responsible for designing the portfolio, evaluating market opportunities, structuring deals, and managing investments.
Daly brings an extensive and varied background in the real estate sector, marked by successful stints in acquisitions, development, and operations. As Co-President of Gemdale USA, he spearheaded acquisitions and large-scale developments in the New York and Seattle markets, overseeing high-profile projects such as mixed-use and high-rise residential towers.
Prior to Gemdale, Daly transformed Jonathan Rose Companies into a scalable partnership, doubling the firm’s portfolio of affordable and mixed-income housing. Earlier in his career, Daly led the development of major urban projects at Forest City Enterprises, including a 9,000-acre master-planned community in Albuquerque, as well as founding Sterling Glen Communities, which grew into a premier developer of luxury senior housing.
Rafferty Holdings is a diversified private investment firm with a significant presence in asset management and fintech. The firm is committed to identifying and capitalizing on high-value opportunities across various industries, with operating companies such as Direxion Investments (~50bn AUM) and Hilton Capital Management (~3bn AUM) under its umbrella.
With Rafferty Real Estate, Rafferty aims to strategically expand its investment portfolio into opportunistic real estate, creating a strategy that maximizes returns for its investors while leveraging its broader market expertise.
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Rafferty Real Estate
Mike Daly
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