Cadre brings on former Four Seasons CEO as president

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

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

Knotel CEO Amol Sarva 

Another huge round of layoffs for Knotel

Miki Naftali, Steven Witkoff and Ryan Freedman

TRD Talks: How developers are contending with coronavirus

Governor Andrew Cuomo (Photo by Spencer Platt/Getty Images; iStock)

Cuomo’s foreclosure, mortgage moratorium has no teeth

Rodrigo Niño, 17 John Street and 85 West Broadway (Credit: Prodigy Network, Google Maps)

Crowdfunding firm seeks $30M bailout for second commercial building

From left: Realogy's Ryan Schneider, Cushman & Wakefield's Brett White and Newmark Knight Frank's Barry Gosin (Credit: iStock)

Brokerage stocks plunge amid market turmoil

Mayor Bill de Blasio halted ULURP, stalling projects like 960 Franklin Avenue, Rikers Island and Industry City 

These projects could be held up by New York’s rezoning freeze

Eric Garcetti orders a moratorium on LA commercial evictions (Photo credit: iStock photo)

LA mayor orders a moratorium on commercial evictions

Mayor Bill de Blasio and Westchester Square Hospital in the Bronx (Credit: Lev Radin/Pacific Press/LightRocket via Getty Images; Google Maps)

New York City seeking sites for coronavirus triage centers