- Mr. Cherry is a principal and co-founder of Eightfold Real Estate Capital. He has more than 29 years of real estate financing and structuring experience.
Prior to forming Eightfold, Mr. Cherry served for 16 years as an executive with LNR Property, most recently as Chief Investment Officer (CIO), a position he held for eight years. As CIO, Mr. Cherry was responsible for establishing domestic investment strategy for real estate debt products and approving the purchase of more than $4.8 billion of subordinated CMBS, as well as $1.4 billion of B-Notes and mezzanine debt for LNR and the Archetype Real Estate Debt Fund, a real estate debt fund managed by LNR. Earlier in his career at the company, he served as a Vice President with LNR and Lennar, responsible for sourcing and evaluating CMBS, B-Notes, and distressed debt; repo and structured financings collateralized by these debt products; and third-party joint venture partners.
Prior to joining Lennar, Mr. Cherry was a Vice President of G. Soros Realty Advisors/Quantum North America Realty Fund, a $500 million offshore hedge fund specializing in opportunistic real estate investments, where he was responsible for equity and securitized debt underwriting. Prior to that, he was a senior analyst in the Structured Finance Group at Moody's Investor Service, where he was responsible for rating debt backed by commercial real estate. Before joining Moody's, Mr. Cherry was an associate with Sullivan & Cromwell, specializing in real estate and securitized commercial real estate financings, and was with EQK Partners, a joint venture between Equitable and Kravco, where he analyzed commercial real estate investments for placement into a NYSE-listed partnership.
Mr. Cherry graduated magna cum laude from the Wharton School at the University of Pennsylvania with a Bachelor of Science degree in Economics and received a J.D. from the UCLA School of Law.
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