11North Partners Welcomes Ekta Patel as New COO
11North Partners has made a significant move by appointing Ekta Patel as Chief Operating Officer. This decision comes as the firm prepares for a new chapter in its operational journey. Based in New York, Patel will play a crucial role in overseeing firmwide operations and enhancing coordination across various sectors, including asset management and platform infrastructure.
Strategic Growth for 11North Partners
Patel's appointment aligns with 11North's recent success in raising $1.6 billion in capital alongside Bain Capital. This capital raise signifies the firm's unwavering commitment to establishing a well-structured operating platform, especially in the grocery-anchored and necessity-based open-air retail sectors. The emphasis on institutional-quality operations reflects the firm's strategic growth ambitions.
Leadership Vision
At the helm of this transition is Brian Harper, Founder and Managing Partner of 11North Partners. Harper expressed enthusiasm about Patel joining the team, stating, "Ekta brings deep operating experience and a collaborative leadership style that aligns with our culture and long-term vision." This partnership between Harper and Patel is expected to drive the firm towards a thoughtful and precise scaling of its operations.
Ekta Patel's Background and Experience
With decades of experience under her belt, Ekta Patel has proven her mettle in real estate operations, investment management, and institutional platform building. Before her role at 11North, she played a pivotal role at Bain Capital Real Estate, contributing significantly to the development of its strategy and personalizing its initial investments. Her expertise also extends to key leadership positions at AEW and Brookfield, where she oversaw operational strategy and investor reporting.
A Vision for the Future
Patel expressed her excitement about joining 11North at such a transformative time. "The firm has built a differentiated platform rooted in discipline, partnership, and long-term value creation," she remarked. This perspective underscores her commitment to not only strengthen the operational foundation of 11North but also to aid in the firm's ongoing expansion and evolution within the retail landscape.
About 11North Partners
11North Partners is revolutionizing the real estate investment sector by implementing disciplined execution and forging strategic partnerships. The firm has successfully built a diversified portfolio of retail assets across various geographies, concentrating on quality and sustainable returns. This strategic approach is geared toward fostering long-term value creation that benefits all stakeholders involved.
Frequently Asked Questions
Who is the new Chief Operating Officer of 11North Partners?
Ekta Patel has been appointed as the Chief Operating Officer of 11North Partners.
What is Ekta Patel's background?
Ekta Patel has extensive experience in real estate operations and investment management, previously serving at Bain Capital Real Estate, AEW, and Brookfield.
What recent achievement is highlighted in conjunction with Patel's appointment?
11North Partners successfully raised $1.6 billion in capital alongside Bain Capital, indicating the firm's strategic growth initiatives.
What is the main focus of 11North Partners?
The firm primarily focuses on grocery-anchored and necessity-based open-air retail strategies, emphasizing quality and sustainability.
How does Brian Harper describe Ekta Patel's leadership style?
Brian Harper describes Patel’s leadership style as collaborative and aligned with the firm’s long-term vision, highlighting her operational expertise.
