Palisades Capital Realty Advisors Lands Senior Executive Scott Lyle

Joaquin de Monet, founder and managing principal of Palisades Capital Realty Advisors, LLC, has announced that Scott Lyle, another former Arden Realty/GE Capital senior executive, has joined the firm’s executive team as Principal and Chief Operating Officer. With his operational expertise, Lyle will provide executive oversight for the company’s operations including property management, asset management, leasing and sustainability practices for Palisades’ growing portfolio of core plus and value-add assets in suburban office markets across the western region.

“We are pleased to have Scott join us as a principal with Palisades Capital Realty,” said de Monet. “He is committed to the firms’ strategic growth, and his expertise in investment, leasing, operations and management is virtually unmatched in the suburban office asset class,” he added. “With the addition of Scott to the PCRA team, we are ideally positioned to actively source and acquire both marketed and off-market suburban office properties as well as quickly assess and implement a thoughtful and comprehensive business plan to create value in select Western U.S. markets.”

Formerly the CEO at Arden Realty/GE Capital, de Monet was able to move quickly and strategically to attract Lyle, Arden/GE’s COO, when he became available on the heels of the recent disposition of GE’s real estate portfolio to Blackstone. Now, at a great time in the market and the firm’s growth, de Monet is once again, expertly building a hand-chosen team that together, has a successful history and track record of growing a $5 billion portfolio comprised of 27 million square feet of office and industrial space in suburban office markets across the Western U.S. De Monet anticipates hiring other key team players with plans to replicate their previous success and track record by focusing on acquiring known properties in known markets and through the expanded development of existing relationships.

Lyle’s background includes:

   o Expansion and reorganization of operations during transition from Southern California-based office REIT into a national landlord, expansion into eight major    markets, execution of more than $6 billion in real estate transactions

   o Creation of consistent operational standards resulting in $16 million in operational savings

   o Implementation of a proprietary tenant and customer service program and operational strategy with a capital improvement program resulting in a 9%    occupancy improvement and 25% increase in tenant satisfaction

   o Achieved tenant scores that outperformed the Kingsley benchmark in overall tenant satisfaction, quality of asset and management o Recognized expert in real    estate energy efficiency

Lyle’s appointment comes at a highly strategic time for Palisades’, which will soon close its $150-million Palisades Income and Growth Fund II while ramping up its acquisitions and separate accounts pipeline. Palisades Income and Growth Fund II, which will close at the end of January 2016, includes commitments from high net worth investors and Family Offices in the U.S. and Mexico that are seeking alternative investments in U.S. commercial real estate that provide both strong in-place cash flow with long-term appreciation.

The launch of PCRA’s second fund came on the heels of two highly successful joint ventures and Fund I, which together de Monet anticipates will generate $1 billion in assets under management for the firm within the next six to 12 months. Palisades Capital’s investment strategy focuses on growing suburban markets, identifying opportunities to acquire high-quality real estate assets well below replacement cost and improving their operational performance and return.