Delal Ali has been appointed head of West Coast for Harbor Group International, with responsibility for capital raising and institutional client relations in the West Coast region.
Based in the $12.5 billion firm’s San Francisco office, Ali joins an active effort in the region that follows the 2018 decision to open an office in Los Angeles led by Greg Heller, senior vice president of acquisitions.
Norfolk, Virginia-headquartered HGI has made several investments in the West Coast market, including the recently announced $24 million preferred equity investment in Silicon Beach Live Apartments, the firm’s $227 million joint venture purchase of 111 Sutter Street in San Francisco and the $3 million preferred equity investment in a West Hollywood apartment community.
“As HGI continues to grow its focus on the West Coast, Delal will play a crucial role in capital raising and working with investors to determine how the firm’s offerings in real estate debt and equity can help their portfolios,” said Richard Litton, president of Harbor Group International.
Ali spent the last five years at CIM Group, where she focused on fundraising for real asset funds, including real estate, credit and infrastructure. Prior to CIM she was a derivative specialist at Wells Fargo where she spent six years working with institutional, high-net-worth and retail clients to construct portfolio hedging, as well as working with the firm to launch a credit relative value hedge fund strategy.
“Harbor Group International has been off to a fast start acquiring properties in the California and Arizona markets, and I’m looking forward to helping the firm cultivate meaningful relationships with investors who are excited about future development in the area while accessing Harbor Group’s international platform,” said Ali.