MINNEAPOLIS, May 15, 2023
/PRNewswire/ -- Proterra Investment Partners LP ("Proterra") today
announced that Mark O. Decker, Jr.
will be joining the firm to lead Proterra Real Estate Partners, a
newly formed partnership to invest in real estate opportunities.
Mr. Decker is joining Proterra after stepping down as CEO of
Centerspace (NYSE:CSR), where he substantially repositioned the
company from a diversified real estate company to a focused owner
operator of apartments over the last six years.
Mr. Decker has over 25 years of experience in real estate and
capital markets. He was named Chief Executive Officer of
Centerspace in April of 2017 after joining in August 2016 as President and Chief Investment
Officer. Mr. Decker led the reconstitution of the executive team,
board of directors, balance sheet and portfolio, including a
renaming of the Company.
In addition to vastly improving the Company's earnings quality
and financial flexibility, Mr. Decker and his team built an
outstanding culture of performance that was recognized as a Top
Workplace by the Star Tribune, the Honor Roll for Women in
Leadership by the Twin Cities Business Journal, and in 2022
received the National Apartment Association's Inaugural Award for
the Leading Organization in Diversity, Equity, and Inclusion. Prior
to joining Centerspace, Mr. Decker spent his career as an
investment banker serving the needs of real estate owner-operators,
real estate services companies, lodging, and private equity. In his
last role, Mr. Decker was Group Head for US Real Estate Investment
Banking for BMO Capital Markets. During Mr. Decker's banking career
he built several successful practices and worked on over 300
capital markets and advisory transactions valued at over
$93 billion.
"We are thrilled to have Mark join Proterra. His considerable
experience, knowledge, and network will be incredibly valuable to
our team as we navigate the launch of a real estate investment
strategy that leverages the substantial success we have had
investing in both private credit and real assets," said Proterra
Managing Partner Rich Gammill.
Mr. Decker commented, "I am excited to join such an outstanding
firm. This is a great time to launch a real estate investment
strategy given the dislocations that are occurring across the
broader real estate debt and equity markets. I feel my
background is tailor made for the moment. I've known and respected
Rich for many years and I'm excited to be part of driving the
business forward."
About Proterra: Proterra Investment Partners is an alternative
investment manager focused on private capital investments in both
companies and real assets across the food value chain with over
$4 billion in assets under
management. Proterra has offices in Minneapolis, London, Sao
Paulo, Singapore,
Shanghai, and Sydney.
Contact Mark Decker with
questions:
MDecker@ProterraPartners.com
+1 612 225 2586
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SOURCE Proterra Investment Partners