Real Estate Capital Partners of New York City has added Thomas Etzel as managing director and head of strategy and business development.
Etzel will split his time between New York and Germany, leading the firm’s expansion into European real estate investments. He will chair RECAP’s newly formed management committee driving the firm’s strategy and day-to-day operational activity, and will also serve on the executive committee.
Etzel brings 22 years of global real estate and private equity investment and product development experience to RECAP, having served most recently as managing director of BHF/BANK and head of alternative investments. He has had responsibility for many global BHF real estate, private equity, and mezzanine funds, as well as residential and commercial real estate developments in Germany.
In a related move, RECAP has promoted two of its longtime executives to join the management committee with Etzel.
Paul Doocy has been promoted from executive vice president to chief investment officer.
Andre Kinney has been promoted to chief operating officer, while retaining his previous role as head of asset management. -Business Wire