Slate Property Group Names Brian Kraut as Its New CFO
Slate Property Group has tapped Brian Kraut as its new chief financial officer, Commercial Observer can first report.
Kraut joins New York City-based Slate from Sentinel Real Estate Corporation, where he was senior vice president for finance and global head of debt capital markets. Prior to Sentinel, Kraut was responsible for the underwriting, structuring and placement of commercial real estate debt and equity at Ackman-Ziff Real Estate Group.
“I’m thrilled to be a part of Slate, particularly in a time when they’re aiding our city’s new development and recovery,” Kraut said in a statement. “Slate is one of the largest residential and commercial real estate developers in the area, and I was drawn to its diverse portfolio of properties and investments. This will be an exciting new challenge for me, and I’m ready to get started.”
Prior to his commercial real estate career, Kraut held accounting, finance and corporate strategy roles in Cendant Corporation’s travel distribution services division. He was also a manager in the assurance and business advisory practice of Arthur Andersen.
“We are incredibly excited to have Brian as our CFO,” Martin Nussbaum, Slate’s co-founder and principal, said in a statement. “He has a wealth of experience in real estate investment management and will be a crucial asset to expanding our portfolio in the upcoming year.”
Slate has purchased more than $4 billion in real estate assets totaling more than 3,000 units across roughly 50 investments during the last decade. It recently nabbed $90 million of construction financing for a mixed-use development at 69-65 Yellowstone Boulevard in Forest Hills, Queens.
Kraut holds a Bachelor of Science in accounting from Binghamton University, and a Master of Business Administration from Fordham University with a concentration in finance and strategic management.