National commercial real estate investment firm Black Salmon announced that Grant Peterson has joined the company as senior associate of acquisitions. In this new role, he will focus on asset allocation strategies, researching venture and investment opportunities, as well as asset management of the firm’s investment portfolio.
Peterson brings to Black Salmon nearly a decade of experience in institutional acquisitions and asset management. His addition is a strategic next step in the company’s expansion plan, falling on the heels of the firm’s $28 million purchase of Bentley Commons at Keene, a high-performing senior housing asset in Keene, New Hampshire, in December 2018.
“We are thrilled to welcome Grant Peterson to the Black Salmon team, as he will bring added value to our acquisition model,” said Jorge Escobar, CEO and Managing Partner of Black Salmon. “Equipped with an impressive background, Grant’s expertise complements the firm’s bullish portfolio growth, which encompasses approximately $600 million in existing and planned assets throughout the U.S.”
Peterson’s career most recently includes a tenure at Crocker Partners, a vertically-integrated real estate and management firm, where he was responsible for identifying, pursuing and executing investment grade opportunities throughout the southeast U.S. During this time, he worked with some of the world’s most sophisticated capital partners, accumulating a total transaction volume of more than $500 million and $5 billion in opportunities evaluated.
Prior to joining Crocker Partners, Peterson was involved in the asset management of LNR Partners’ southeastern portfolio, which consisted of Real Estate Owned (REO) properties valued in excess of $400 million. Additionally, he contributed to the underwriting of more than $1.6 billion in both performing and non-performing commercial real estate debt across all property types, deepening his knowledge and expertise in the industry.
Peterson is a graduate of the University of Florida, where he received a master’s degree in real estate and a bachelor’s degree in management.