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Pivotal Group appoints Scott Knauer managing director of real estate

Pivotal Group, a Phoenix-based investment company focused on private equity and real estate investment and development, has appointed Scott Knauer as managing director of real estate.

Knauer, a long-time Phoenix real estate executive, brings to Pivotal more than 25 years of experience in real estate acquisitions, advisory services, development and management.

He has been involved in properties valued at more than USD2bn, which include Scottsdale Waterfront, a USD240m mixed-use development; the Biltmore Mountain Estates, a prestigious residential community in Phoenix; and Legend Trail, a master-planned community in North Scottsdale.

“Scott is providing the leadership for our real estate platform as we advance a robust acquisition strategy,” says F. Francis Najafi, founder and chief executive of Pivotal Group. “His broad national experience in all areas of real estate and proven track record are tremendous assets for Pivotal.”
Pivotal’s acquisition strategy targets underperforming and/or distressed property types that include full-service hotels and resorts, office, multifamily, mixed-use projects and master-planned communities across the nation.

“The current market offers a once-in-a-lifetime opportunity to acquire well-located, quality real estate at deep discounts,” Knauer says. “Pivotal Group, with its access to capital, track record and talented professionals, has the ideal platform for opportunistically acquiring real estate assets during this market cycle.”

Prior to joining Pivotal Group, Knauer was principal and chief investment officer of Orion Residential in Scottsdale, Arizona, a residential real estate investment organisation. While at Orion, Knauer led the acquisition efforts of more than USD1.2bn of multifamily properties in markets across the country.
 

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