Richard Ackerman is the Founding Chairman and Senior Managing Principal of Big Rock Partners (BRP), which he formed in 2004. Prior to BRP, Mr. Ackerman was the Head of the Los Angeles office of Apollo Real Estate Advisors, a global private equity firm that has invested over $7 billion of equity. Mr. Ackerman oversaw all investments in the West Coast of the United States and in Japan.
From August 1999 to April 2001, Mr. Ackerman was appointed by Apollo as Chief Executive Officer in order to restructure Atlantic Gulf Communities Corporation (an Apollo portfolio company), a publicly traded development and asset management company whose primary operations included the development and sale of home sites and land tracts and the construction and sale of oceanfront condominiums.
From September 1996 to August 1999, he was President and co-founder of Crocker Realty Trust, a private REIT (an Apollo portfolio company) specializing in the ownership and development of office space in the southeastern United States. Crocker Realty Trust raised additional capital from affiliates of Fidelity Management and Morgan Stanley.
Prior to 1996, he was president and co-founder of Crocker Realty Investor, a publicly traded REIT (a portfolio company of the first Apollo Real Estate Investment Fund) specializing in the ownership and development of office space, until its sale to Highwoods Properties, Inc.
Mr. Ackerman is currently a member of the Dean's Advisory Board for Tulane Law School as well as serving as Adjunct Professor of Law. Mr. Ackerman is also a former Director of Summerville Senior Living, Inc., which is one of the largest assisted living companies in the nation.
Fall - Commercial Real Estate Practice
Advanced Commercial Real Estate Practice