Richard Mack Mr. Mack co-founded Mack Real Estate Group (MREG) in 2013 and MRECS, its affiliated credit business, in 2014. He serves as Chief Executive Officer and is a member of the Investment Committee of each of MREG and MRECS. Mr. Mack also serves as Chief Executive Officer and Chairman of 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 its Global Investment Committees. For 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 at Shearson Lehman Hutton in the Real Estate Investment Banking Department. Mr. Mack currently serves on The Wharton School of Business Board of Advisors and previously served on the school’s Undergraduate Advisory Board. Mr. Mack created a course on Real Estate Disruption, which he co-teaches with Professor Gilles Duranton, at The Wharton School of Business. Mr. Mack serves on the Board of Trustees of Northwell Health, as well as on the Board of Directors of the Child Mind Institute. He is president emeritus of the HES Community Center in Canarsie, Brooklyn and a member of the Robin Hood Foundation’s Housing & Homelessness Committee. Mr. Mack also serves as Chair of the Board of Directors of the Met Council, which serves impoverished New Yorkers. 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.