Allianz Real Estate appoints two senior hires to its growing U.S. business

Allianz Real Estate has appointed Michael Cale as co-head of debt investments and Karen Horstmann as head of equity acquisitions.

Both roles will focus on the company’s U.S. business and report to Christoph Donner, CEO of Allianz Real Estate of America.

Bringing 18 years of expertise and joining the company in July, Cale will be based in Atlanta and lead the national origination team to cover Atlanta, New York and Los Angeles. Alongside him, his co-head Mike Krawiec will focus on underwriting and structuring, overall portfolio allocation and investor management for the $13 billion commercial real estate loan business. Cale comes to Allianz from Voya Investment Management, where he held the position of senior vice president, head of capital markets.

In September 2019, Allianz Real Estate will also welcome Horstmann to lead the equity acquisitions team from the New York office. Horstmann will join the team shortly after the announcement of Allianz Real Estate’