CHEE KIAN LEE
Mr. Lee joined the firm in 2004 and is responsible for acquisition, asset management, value enhancement and realization activities.
Prior to joining the firm, Mr. Lee spent two years with Prudential Asset Management Asia (“PAMA”) and was responsible for evaluating and executing investment opportunities in the Southeast Asia region. Prior to PAMA, Mr. Lee spent four years with GIC Special Investments, the private equity investment arm of GIC. While at GIC Special Investments, Mr. Lee was responsible for sourcing, evaluating, negotiating, processing and closing private investments in Asia. Prior to GIC Special Investments, Mr. Lee spent three years at PricewaterhouseCoopers in its Singapore and Melbourne offices in the Corporate Recovery and Insolvency Division and Utilities Advisory Group, respectively.
Mr. Lee received a Bachelor of Commerce (Honors Degree) from the University of Melbourne in 1992 and a Master of Science in Economics and Finance from the University of Warwick, England in 1995. Mr. Lee is also a CFA charter-holder.
Mr. Chan joined the firm in 2019 and is responsible for acquisition, asset management, value enhancement and realization activities.
Prior to joining the firm, Mr. Chan was at GIC Private Limited (“GIC”) where he amassed over 16 years of real estate investment management experience in Japan and China, investing across the real estate capital spectrum via debt and equity within multiple asset classes. At GIC, Mr. Chan held senior roles as Deputy Head of Real Estate in Japan, and Senior Vice President in both Tokyo and Shanghai.
Mr. Chan holds a Bachelor’s Degree in International Development Engineering (with a focus on Electrical Engineering) from the Tokyo Institute of Technology.
SCORE+ Fund Manager
Ms. Ramchandani joined the firm in 2019 with over 18 years of experience, including 14 in real estate, primarily focused on fund management in Asia. She is the fund manager of the SCORE+ fund and is responsible for the acquisition, asset management, value enhancement, realization activities, and the operations of the Fund.
Prior to joining the firm, Ms. Ramchandani worked at Lendlease Asia from 2011-2018 as the Managing Director and Head of Investment Management in Asia. In her previous role, she was responsible for driving performance across Lendlease’s $6 billion funds’ platform with a multi-disciplinary investment management team of over 20 employees covering fund management, investment and asset management, and legal and finance. As part of the senior management team, she was responsible for evaluating new opportunities to grow the investment management platform. In addition to this, Ms. Ramchandani was a member of several company-wide steering committees involving strategic decision making for projects under development and new business improvement initiatives. Prior to her appointment to Head of Investment Management, Ms. Ramchandani was the Fund Manager of two unlisted real estate funds in Lendlease Asia. In this role she was responsible for all aspects of fund management, including fund establishment and structuring, fund performance, budgetary control, implementing initiatives to maximize returns and portfolio divestment. Prior to joining Lendlease Asia, Ms. Ramchandani was a Fund Manager with ING Real Estate Select from 2007 – 2011 , where she was responsible for investing and managing third party capital in real estate funds across a range of investment strategies in the Asia Pacific region.
Ms. Ramchandani holds a Master of Arts and Bachelor of Arts (Honors in Economics) from Peterhouse, Cambridge University.
SCORE+ Deputy Fund Manager
Ms. Massey joined the firm in 2018 with over 17 years of experience in the real estate industry, primarily focused on the transactional side of the business. She is the deputy fund manager of the SCORE+ fund and is involved in the acquisition, asset management, value enhancement, realization activities, and the operations of the Fund.
Prior to joining the firm, Ms. Massey was Regional Director of Acquisitions at LaSalle Investment Management in Sydney, Australia, where she was responsible for driving and managing transactions. In this position, Ms. Massey played a lead role in the acquisition of 15 assets across 10 transactions in the retail, commercial and industrial sectors over the core, core plus and opportunistic risk spectrums, and was also responsible for steering the divestment program for LaSalle’s core plus fund. Prior to LaSalle Investment Management, Ms. Massey held a senior position at Lend Lease Investment Management (Australia), where she played a key role in the company’s transactional activities across the retail and commercial sectors. Ms. Massey is also a registered valuer who started her career at Savills, and subsequently, Colliers International.
Ms. Massey holds a Bachelors’ Degree in Land Economics from the University of Technology in Sydney.
Portfolio Manager & Executive Director
Mr. Sabom joined the firm in 2018 with over 10 years of experience in real estate. He is responsible for portfolio management, value enhancement, realization activities, and the operations of the Fund.
Prior to joining the firm, Mr. Sabom worked at Invesco Real Estate from 2014-2017 as the Head of Underwriting and South East Asia Acquisitions, where he was responsible for ensuring the integrity and consistency of the regional underwriting process as well as sourcing investment opportunities across Southeast Asia. From 2012-2014, he was Senior Vice President at Fine Grain Property in Singapore, where he sourced new deals and managed existing investments, the most notable of which was the ground-up development of a 300-room, S$180 million hotel. Prior to this, he worked for PM Realty Group in Houston, Texas, where he helped to establish the firm’s new investment platform. Mr. Sabom began his career in the real estate industry as an apprentice carpenter before working his way up to project manager for a developer of high-end energy efficient homes.
Mr. Sabom received his Masters of Business Administration degree from the Tepper School of Business at Carnegie Mellon University in Pittsburgh, and a Bachelor of Arts in Biology from Occidental College in Los Angeles . After college, Mr. Sabom spent two years in Micronesia as a volunteer with the United States Peace Corps.
Mr. Lane joined the firm in 2009 and is involved in the acquisition, value enhancement and realization activities of real estate investments primarily in the Greater China region.
Prior to joining the firm, Mr. Lane worked for four years as an Asset Manager at Morgan Stanley Real Estate Fund (“MSREF”) in Shanghai where he was responsible for managing approximately $500 million in real estate equity investments, including office, retail, residential, hotel, and operating company platforms. From 2004 to 2005, Mr. Lane was a Partner and co-founder of Pangu Investments, a real estate investment fund focused on China investments, as well as a Research Analyst at Cushman & Wakefield. Mr. Lane started his career at Merrill Lynch working as an Associate Financial Advisor from 2001 to 2003 for a high-net worth wealth management group, managing $500 million in investable assets.
Mr. Lane graduated from Pomona College in Claremont, California with a Bachelor of Arts in International Relations and a Minor in Economics. He is also a CFA Charterholder.
Mr. Aoki joined RECAP in 2010 and is involved in the acquisition, value enhancement and realization activities of real estate investments primarily in Japan.
Prior to joining RECAP he was a Director at Tokyo Venture Gear, providing real estate investment and M&A advisory in Japan. He was a Finance Director at Creative Renovation Group in Tokyo, which successfully led the Nippon Hotel Fund Investment Corporation to be listed at Tokyo Stock Exchange in June 2006 as a large shareholder of its asset management company, Japan Hotel REIT Advisors. Prior to Creative Renovation Group, Mr. Aoki was a Vice President at Ripplewood Lodging, the hotel investment sector at Ripplewood Holdings LLC in New York, mainly serving the turnaround of Phoenix Seagaia Resort, a large resort complex in Miyazaki Japan, after it filed a corporate rehabilitation in 2001. Prior to Ripplewood Lodging, Mr. Aoki was a corporate valuation analyst at Arthur Andersen in Tokyo after he completed post-acquisition management integration at Ingersoll-Rand when it acquired a company from Bosch in Tokyo. Before Mr. Aoki came back to Japan he was an internal auditor at Ingersoll-Rand Company in New Jersey after working as an auditor at Deloitte & Touche LLP in New York City.
Mr. Aoki received a Bachelor of Science in Commerce from the McIntire School of Commerce at the University of Virginia in the United States in 1993. He holds a United States Certified Public Accountant license issued in New York State and a real estate broker license in Japan.
Mr. Hennen joined the firm in 2013 with over 28 years of experience in real estate, including 12 years based in Asia. He is responsible for directing and managing development projects for the firm throughout the region.
Prior to joining the firm, Mr. Hennen led numerous high profile developments across the US, Australia and most recently in Indonesia. Mr. Hennen’s management prowess extends across various sectors of real estate while with Agung Podomoro Land, one of Indonesia’s largest developers, and includes the direct involvement and responsibility for the planning, tendering and construction of the following projects: The 570,000 sq ft Sofitel Bali Nusa Dua Beach Resort Hotel; the 8.5mm sq ft Central Park mixed use development complex in West Jakarta; the 2.5mm sq ft CBD Pluit mixed use development complex in North Jakarta; the Kamal Muara sport stadium that sits on 6.5 hectares of land in North Jakarta; The Peak at Sudirman, a 1.3mm sq ft luxury apartment complex in Jakarta’s CBD; the Bandung Convention Center and Hotel; and the Apartemen Eksekutif Menteng in the exclusive Menteng district of Jakarta. Mr. Hennen has partnered in several land development projects in Gold Coast, Australia as well as in San Francisco and Seattle. Substantial exposure to Agriculture and Silviculture compliment this land development background. Mr. Hennen is a trained civil engineer and started off his career as a structural designer for San Francisco-based engineers Martin, Middlebrook & Nishkian.
Mr. Hennen received a Bachelor of Science, majoring in Civil Engineering and Structures with a minor in Computer Science from the University of Minnesota in 1986.
SCORE+ Executive Director
Ms. Wakizaki joined the firm in 2019 and is responsible for acquisition, value enhancement and asset management activities for the SCORE+ fund.
Ms. Wakizaki has over 18 years real estate investing and banking experience in Japan and China. She was most recently with Macquarie Capital, responsible for the establishment and operation of real estate investment platforms in Asia. Prior to this, Ms. Wakizaki was Executive Director with Ping An Real Estate playing a key role executing investment strategies in Japan. Emi also spent five years as Director at Forum Partners covering Japan investments and leading portfolio management of Forum Asia Funds. Ms. Wakizaki began her career as an investment banker at Morgan Stanley’s Real Estate Group, where she covered Asia real estate companies, REITs and funds during her eight-year tenure with the Group.
Ms. Wakizaki earned a Master of Arts in International Relations from the University of Chicago and a Bachelors’ Degree in Economics and Psychology from the University of Michigan.
Ms. Zhao joined RECAP in 2011 and is involved in various acquisition, asset management, value enhancement and realization activities of the firm.
Prior to joining RECAP, Ms. Zhao spent four years in infrastructure investments in Asia, from being an advisor in KPMG’s Global Infrastructure and Project Advisory team to being an active member of the principal investment team of Babcock & Brown and John Laing Investments. During that period of time, she built a solid foundation in constructing cash flow models and evaluating investment returns. She was also involved in developing deal structures, preparing investment committee papers and negotiating with lenders for project financing.
Ms. Zhao received her Master of Management in Hospitality degree jointly from Cornell University and Nanyang Technological University. She also graduated with a Bachelor in Accountancy (First Class Honors) degree from Nanyang Technological University, Singapore in 2005. In addition, Ms. Zhao is a CFA charter holder.
YEW HOCK TAN
Mr. Tan joined the firm in 2018 and is responsible for asset management, value enhancement and acquisition activities for the SCORE+ fund.
Prior to joining the firm, Mr. Tan spent two years with Wing Tai Holdings Group as a Senior Investment Manager under the Investment & Development team, responsible for direct investments into new markets in Australia and Japan. Prior to his appointment as Senior Investment Manager, Mr. Tan was Head of Asset Management of Wing Tai’s fund management arm, WT Fund Management. During his time at Wing Tai, he led the acquisitions and asset management initiatives of two data centres and an office joint-venture property in Australia. Before joining Wing Tai, Mr. Tan was the Head of Asset Management at SEB Asset Management (which was later re-branded as Savills Investment Management) where he managed a portfolio of Australia, Japan, Singapore and China-based properties. Prior to joining SEB Asset Management in 2013, Mr. Tan was with GIC Real Estate for approximately seven years. During his tenure at GIC, he was responsible for several real estate portfolios, which included Australian office buildings, serviced apartments in Tokyo, and a mixed-use portfolio in Hong Kong. He was also actively involved in the privatization of the ASX‐listed Charter Hall Office REIT, which was valued in excess of $1 billion.
Mr. Tan holds a Master of Science in Investment Management and a Bachelor of Science in Actuarial Science from the Cass Business School.
Based in Bangkok, Chaiwat Mahatdetkul joined SC Capital in 2014 and is involved in acquisition, asset management, value enhancement and realization activities of real estate investments in Southeast Asia, and particularly in Thailand.
Prior to joining the firm, Mr. Mahatdetkul was working since 2005 as a Director in UOB Asset Management (Thailand) Co., Ltd. (“UOBAM”), responsible for acquiring and managing properties under Thailand’s property fund structure (similar to a REIT). Prior to UOBAM, Mr. Chaiwat was the Head of Property Fund Department of Aberdeen Asset Management Co. Ltd., where he was responsible for the management of private property funds. He has also worked for KPMG Business Advisory Ltd. and Cushman & Wakefield (Thailand) Ltd. as a property advisor.
Mr. Chaiwat graduated from Assumption University in Bangkok, Thailand with a Bachelor of Business Administration in 1993 and received his MBA in Real Estate Finance from the University of Denver, USA.
Mr. Tan joined the firm in 2018 as a Director with the Development Team. He is responsible for directing and managing development projects for the firm throughout the region.
Mr. Tan has 20 years of real estate development experience, covering various asset classes such as residential, hotel, commercial office, retail and industrial in the Asia Pacific Region. Prior to joining the firm, he was the Director of Projects for World Class Global Ltd, involved in real estate developments in the Asia Pacific Region. Some of the notable projects which he was responsible for were the 55-storey Avant residential tower in Melbourne, two 91-storey towers at 30 Albert Street and 240 Margaret Street in Brisbane as well as the 1,100-residential unit mixed use development in Cairns, Australia. From 2008 to 2012, Mr. Tan worked at Pramerica Real Estate Investors as Vice President of Project Development. There, he was responsible for the development and enhancement of projects in the region.
Mr. Tan received his Bachelor of Architecture and Bachelor of the Arts (Architectural Studies) from the National University of Singapore in 1998.
Ms. Hwang joined the firm in May 2015 and is involved in acquisition, asset management, value enhancement and realization activities of real estate investments in both the private and capital markets.
Prior to joining RECAP, Hwang Yu spent four years at Goldman Sachs, Singapore in the Asia Real Estate Investment Banking team. She was involved in all Asian real estate M&A and capital markets transactions, including some of the largest REIT IPOs in Singapore. Prior to Goldman Sachs, Ms. Hwang spent four years in DBS Bank in the M&A and Capital Markets Departments. There, she was involved in several listed company takeovers in Singapore, as well as REIT IPO transactions. Ms. Hwang started off her career as a Management Consultant at BDO Raffles. During that period of time, she was involved in SME fundraising and strategic business advisory.
Ms. Hwang received a Bachelor of Arts in Business Economics from the University of California, Los Angeles in 2004.
JING YANG LEE
Mr. Lee joined the firm in 2012 and is involved in various acquisition, asset management, value enhancement and realization activities of the firm.
Prior to joining RECAP, Mr. Lee spent two years at APN Funds Management, serving as Analyst. He was in charge of the trading and research for the fund where he covered listed Asian real estate stocks. The fund which he worked for was nominated for best emerging manager/smaller fund in the annual AsiaHedge awards 2012 organised by Euromoney. The fund was also nominated for best long term performance (3 years) in the HFMWeek Asia Performance Awards 2012. Prior to joining APN Funds Management, Jing Yang worked at KPMG Corporate Finance, serving as Associate in the infrastructure projects and valuation departments.
Mr. Lee received an Honors Degree in Accountancy and Honors Degree in Business Management majoring in Finance from the Singapore Management University in 2009.
TAN JUN KANG
Mr. Tan joined the firm in 2018 and is involved in various acquisition, asset management, value enhancement and realization activities of the firm.
Mr. Tan originally worked with SC Capital from May 2013 to February 2017 and re-joined in April 2018. Between March 2017 and March 2018, Tan was the Vice-President of the Global Real Estate platform at CreditEase Asset Management and led the formation of the co-investment platform which successfully made two office investments in Hong Kong. During his tenure in SC Capital, he successfully executed and asset-managed five transactions in the residential and commercial sectors in Australia with a total transaction value in excess of US$500 million. Prior to SC Capital, Tan spent two years at LaSalle Investment Management, serving as an Acquisition Analyst. He was responsible for deals in all real estate asset types across Southeast Asia and was part of the regional hotel specialist team for Asia Pacific.
Mr. Tan received an Honours Degree in Business Administration majoring in Finance from the National University of Singapore in 2010. He is also a CFA charter-holder.
Mr. Leo joined SCORE+ in 2015 and performs acquisition, asset management and realization activities.
Prior to joining the firm, Mr. Leo had undertaken an internship with GIC Real Estate’s Corporate Investments and Debt teams where his responsibilities included an in-depth study of China’s hotel and office industries through analysis of the underlying assets and corporate structure of a REIT. Prior to GIC, Mr. Leo interned at both Allianz Real Estate’s Fund Selection team and CapitaMall Trust’s Investment and Asset Management team.
Mr. Leo is a double degree holder with a Bachelors in Real Estate and Accountancy from the National University of Singapore. He also represented his university in the University of Southern California’s International Real Estate Case Competition, where his team placed first.
Mr. Mak joined the firm in March 2016 and performs acquisition, asset management, value enhancement and realization activities.
Prior to joining the firm, Mr. Mak worked at ARA Asset Management (Prosperity) Limited since 2010 as an Assistant Manager, Investments & Research responsible for conducting market research and feasibility studies, performing financial due diligence and analysis, and participating in financial models for potential acquisition target. He was also responsible for performing financial analysis for asset enhancement projects, thereby providing financial analysis support for budgeting rental projection and leasing strategy.
Mr. Mak graduated from York University of Canada with a Bachelor of Arts with Honors in Economics.
Mr. Lim joined the firm in 2017 and is involved in various asset management, value enhancement and realization activities.
Prior to joining the firm, Mr. Lim spent three years in Deloitte Real Estate (London) as a Senior Associate, responsible for providing real estate development consultancy as well as valuation advisory services for a number of high profile institutional clients. At Deloitte, his work included creating bespoke financial models for complex joint venture structures, multi-phase development appraisals, value optimization, strategic and master-planning, and financial viability testing.
Mr. Lim received his Master of Science in International Real Estate & Planning from the University of London in 2014 and graduated with a Bachelor of Science in Neuroscience from King’s College of London in 2013.
Mr. Choe joined the firm in 2015 and focuses on asset management, value enhancement and realization activities.
Prior to joining RECAP, Mr. Choe was based in Chicago, IL working for various real estate ventures including Property Markets Group, a private equity development firm. At Property Markets Group he focused on acquisitions and asset management for a distressed asset fund.
Mr. Choe received his Masters Degree from Cornell University’s Baker Program in Real Estate in 2014. He also graduated with a Bachelor’s Degree in Management from Indiana University, Bloomington in 2006.
Ms Hwangkuntham joined the firm in 2007 as an Executive Assistant to the Chairman. She now focuses on asset management, value enhancement and realization activities.
Prior to joining the firm, Ms Hwangkuntham spent two years at Kasikornbank Thailand as Senior Employee in Overseas Office Management and Correspondent Relations Department (China Project). She was responsible for organizing activities to create and enhance the investment opportunities for the customers, with an aim to increase bank’s business transaction volume.
Ms Hwangkuntham received an Honors Degree in Business Administration majoring in International Business Management from Assumption University, Thailand in 2002. She also graduated from Mahidol University, Thailand in 2008 with Master of Management in Innovation in Management.
Ms. Chin joined the firm in 2018 as an Analyst with the Portfolio Management Team and is involved in various asset management, value enhancement and realization activities.
Prior to joining the firm, Ms. Chin spent two years in OCBC Bank as a Manager, responsible for providing financing for local and overseas residential real estate projects as well as business development activities. Her other experiences in OCBC Bank include managing external relations with real estate developers, agencies, valuation firms as well as completing the Graduate Management Training Program. The 1-year program consisted of rigorous training in secured lending and account management. In addition, she was heavily involved in the bank’s FinTech initiatives and spearheaded multiple digital initiatives that focus on the real estate industry.
Ms. Chin received a First Class Honours, Double Degree in Accountancy and Business Management from the Singapore Management University in 2015.