LaTerra Development Hires VP of Capital Markets and Investor Relations to Spearhead Self-Storage ExpansionLaTerra Development Hires VP of Capital Markets and Investor Relations to Spearhead Self-Storage Expansion

October 2, 2024

1 Min Read

LaTerra Development, a real estate investment and development company specializing in multi-family and self-storage assets, has hired Ben Grosberg as vice president of capital markets and investors relations. He’ll focus on acquisitions and ground-up development, according to a press release.

Grosberg has worked with registered investment advisors, high-net-worth individuals and private family-office investors in Australia and the United States for the past 15 years. He recently served as director of capital markets for Los Angeles-based real estate investment bank Dekel Capital. While there, he helped establish a joint-venture and equity platform, and raised private capital for the bank and its advisory businesses.

Prior to joining Dekel, Grosberg worked for Spotlight Group, a private high-net-worth family office in Australia. He managed the group’s diverse investment holdings and helped grow its U.S. investment portfolio.

“Bringing a well-known and respected executive onboard to lead our new capital-markets initiatives is a major step in LaTerra's expansion strategy,” said Charles Tourtellotte, CEO of LaTerra. “Ben's experience and contacts will be invaluable in expanding our investor base.”

“Private investors are acutely aware of the current market opportunity of buying institutional-quality assets below replacement cost,” Grosberg said. “Investing with a proven operator like LaTerra gives investors direct access to these deals, so they can build portfolios of steady, cash-flowing assets.”

Headquartered in Los Angeles, LaTerra focuses on multi-family and self-storage investments in the U.S. Sun Belt. It currently has 1 million square feet of self-storage under development.

Source: Access Wire, LaTerra Development Names Ben Grosberg to Spearhead Capital Markets and Investor Relations, Reinforces Strategy to Buy Existing Multi-Family and Self-Storage Assets

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