Cadre brings on former Four Seasons CEO as president

Allen Smith left the luxury hotel brand in 2018 after five years

National /
Jan.January 30, 2020 11:30 AM
Cadre founder Ryan Williams and Allen Smith

Cadre founder Ryan Williams and Allen Smith (Credit: Michael McWeeney)

Real estate investment startup Cadre has hired Allen Smith, the former CEO of Four Seasons, as its president.

Smith spent four years at the hotel company, departing in 2018. Before then, he was the CEO of Prudential Real Estate Investors, the Prudential Finance subsidiary that was recently rebranded as PGIM Real Estate.

In an interview with Forbes this month, he said he wanted to move more into the tech space, and described Cadre’s business model as “unique.”

“When I was at Four Seasons, we had a number of digital initiatives that exposed me to how tech was driving the marketplace and I wanted to do something that had a tech dimension,” he said.

Ryan Williams, who founded Cadre in 2014 with Joshua and Jared Kushner, will remain CEO.

This month, The Real Deal reported that the company planned to scale back its Opportunity Zone investments. This month, the Treasury Department said it would investigate the federal program.

Cadre plans to invest in only one to three projects in 2020, according to people familiar with the matter. They said the firm invested more than $200 million across five Opportunity Zone projects last year.

[Forbes] — Sylvia Varnham O’Regan


Related Articles

arrow_forward_ios
"Taxi king" Gene Freidman dead at 50
“Taxi king” Gene Freidman dead at 50
“Taxi king” Gene Freidman dead at 50
Pershing Square Capital Management CEO Bill Ackman and 787 11th Avenue (Getty, Rafael Viñoly Architects)
Ackman wants $630M for Hell’s Kitchen office building
Ackman wants $630M for Hell’s Kitchen office building
Deconstruct Podcast
This week on ‘Deconstruct’: The death of the cubicle
This week on ‘Deconstruct’: The death of the cubicle
Silverstein Chairman Larry Silverstein, CalSTRS CEO Cassandra Lichnock and 1177 Sixth Aveneut (Silverstien, Getty, CalSTRS)
$450M refi reveals what tenants pay at Silverstein’s 1177 Sixth Avenue
$450M refi reveals what tenants pay at Silverstein’s 1177 Sixth Avenue
The price of a new home in China’s largest cities fell for the first time since 2015
New home prices in China’s largest cities fall for first time since 2015
New home prices in China’s largest cities fall for first time since 2015
Real estate powers Blackstone’s best quarter ever
Real estate powers Blackstone’s best quarter ever
Real estate powers Blackstone’s best quarter ever
Terreno Realty CEO W. Blake Baird and an aerial of the property (Google Maps)
Terreno Realty pays $44M for NJ industrial site
Terreno Realty pays $44M for NJ industrial site
Madison Realty Capital Co-Founders Josh Zegen and Brian Shatz with a rendering of the River North development (Madison Realty Capital, FXCollaborative)
Madison Realty’s altered plans for SI complex approved
Madison Realty’s altered plans for SI complex approved
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...