Roch Capital Announces Carl Kruelle as Senior Vice President & Director of Acquisitions
GLEN MILLS, PA, January 8, 2014 -
Roch Capital announces Carl Kruelle as Senior Vice President & Director of Acquisitions. Kruelle, who transitioned from an affiliate in the fall, will source and execute acquisitions across all real estate asset classes including hospitality, office, retail, flex/industrial, multi-family, student housing, mixed-use, single tenant net lease properties and corporate sale leasebacks.
Roch Capital, formerly RAA Management, is one of the region's fastest growing private equity/investment companies. Roch invests in high quality, performing real estate, hotels and sound middle market companies that have sustainable competitive advantages with a compelling value proposition. Real estate investments are concentrated in office, hotel, multi-family and retail assets. Portfolio Companies include Applied Bank and Applied Card Systems.
Kruelle was the former Chief Lending Officer for Applied Bank (affiliate of Roch Capital) and led their Commercial Banking Group, which he instituted in 2007. He has extensive knowledge and experience providing funding solutions and consulting services to hoteliers, commercial real estate investors/developers and operating companies, resulting in more than $1 billion in transactions. He served on Applied Bank's Credit Committee, Asset/Liability Management Committee (ALCO) and Risk Committee, Council Member of Community Bankers Council -- American Bankers Association and Board Member of Delaware Bankers Association. He graduated from the University of Delaware and Stonier Graduate School of Banking with honors. His thesis on commercial mortgage securitization was published by the American Bankers Association and is part of the permanent library collection at Harvard and the University of Delaware.
For additional information, please contact:
Carl H. Kruelle, III
SVP & Director of Acquisitions