Richard Mack
Co-Founder & Chief Executive Officer
,
Mack Real Estate Group
Mr. Mack co-founded MREG in 2013 and MRECS, its affiliated credit business, in 2014. He is Chief Executive Officer and a member of the Investment Committee of each of MREG and MRECS. He is also Chairman and Chief Executive Officer of Claros Mortgage Trust, Inc. (CMTG). Mr. Mack was one of the initial employees of AREA Property Partners (founded in 1993 as Apollo Real Estate Advisors), and prior to founding MREG was the Chief Executive Officer of AREA’s North American business and a member of that firm’s Global Investment Committee. Over 20 years, Mr. Mack was involved in the investment of billions of dollars of equity capital in debt and equity real estate transactions on behalf of AREA’s primarily institutional investors and was specifically responsible for creating new business lines to capitalize on evolving market trends, including an in-house development business, a subordinate debt business, and a special servicing and CMBS investment and trading business. Earlier in his career, Mr. Mack worked in the Real Estate Investment Banking Department at Shearson Lehman Hutton. Mr. Mack serves on the Board of Advisors of the Wharton School of the University of Pennsylvania, previously served on its Undergraduate Executive Board, and created a course, Real Estate Disruptions, which he teaches with Professor Gilles Duranton. Mr. Mack serves on the Board of Trustees of Northwell Health and as a member of the Board of Directors of the Child Mind Institute. Mr. Mack is Chair of the Board of Directors of the Met Council, a member of the Housing & Homelessness Committee of the Robin Hood Foundation, and President Emeritus of the HES Community Center in Canarsie, Brooklyn. Mr. Mack holds a B.S. in Economics from the Wharton School of the University of Pennsylvania and a J.D. from Columbia Law School.