RLJ Development, LLC today announced the promotion of two senior executives, Leslie D. Hale as Chief Financial Officer and Senior Vice President, and Kate B. Henriksen as Senior Vice President of Investment Analysis and Portfolio Management.
INFO SOURCES
RLJ Development, LLC
FIRMS
RLJ Development, LLC, ("RLJ") is one of The RLJ Companies' portfolio companies controlled by Robert L. Johnson. RLJ Development is a privately-held real estate investment company founded in 2000 and led by Robert L. Johnson and Thomas J. Baltimore, Jr. RLJ Development is the largest African-American hotel investment company in the U.S. with 136 hotels, more than 19,000 guestrooms and $3.6 billion in investments.
The RLJ Companies, founded by Robert L. Johnson, founder of Black Entertainment Television, provides strategic investment and direction in and for a diverse portfolio of companies in the financial services, real estate, hospitality/restaurant, professional sports, film production, gaming and recording industries. The RLJ Companies' core businesses include: RLJ Development, a privately-held hotel real estate investment company, RLJ Urban Lodging Fund, RLJ Lodging Fund II and RLJ Real Estate Fund III, all of which are private equity real estate funds; the four together have $3.6 billion in combined assets; RolloverSystems, a financial services company providing retirement planning services based in Charlotte, North Carolina; RLJ Equity Partners, a private equity fund that seeks expansion capital and buyout investment opportunities in six core industries; RLJ Select Investments, a multi-strategy hedge fund of funds platform; Urban Trust Holdings, a company that holds Urban Trust Bank, a federal thrift institution with operations in Florida, Washington, D.C., and Maryland, and a nationwide credit card operation; the NBA Charlotte Bobcats and Charlotte Arena Operations; Our Stories Films, a film production company based in Los Angeles; Caribbean Gaming and Entertainment (C.A.G.E.), a video lottery gaming company based in Puerto Rico with operations in St. Kitts and The Turks and Caicos Islands; RLJ-McLarty-Landers Automotive Group; and Three Keys Music, a jazz recording company.
www.rljcompanies.com
PEOPLE
Thomas J. Baltimore, Jr., President of RLJ Development
RLJ Development, LLC, is controlled by Robert L. Johnson, founder of Black Entertainment Television and owner of the NBA Charlotte Bobcats
Newly appointed Chief Financial Officer and Senior Vice President, Leslie D. Hale has responsibility for the company's financial matters and manages the acquisition and disposition of real estate assets. She will be involved in raising capital from institutional investors. Hale previously served as Vice President of Real Estate and Finance for the company, where she was responsible for securing financing for each hotel asset, managing the execution process for all transactions and overseeing treasury functions. She also designed, built and directed the portfolio management arm of the company. Prior to joining RLJ in 2005, she was an Associate Director in the GE Real Estate - Strategic Capital Group, where she provided structured finance products to institutional clients. She also served as a Vice President in the Mergers & Acquisitions Group of GE Commercial Finance, responsible for managing the strategic review and due diligence process for prospective transactions. Before rejoining GE, Hale was an investment banker at Goldman, Sachs & Co., advising clients across industries on mergers, acquisitions, and corporate finance matters. Hale received her undergraduate degree in Finance from Howard University and earned her MBA from Harvard Business School.
Kate B. Henriksen, a veteran RLJ executive, has been appointed Senior Vice President of Investment Analysis and Portfolio Management. She will be responsible for managing the underwriting process on RLJ's potential hotel and mixed-use investments, tracking the performance of the company's investment portfolios, assisting with capital raising efforts and managing relationships with investors in RLJ's investment funds. Henriksen recently served as Vice President of Investment Analysis, where she was primarily responsible for underwriting and due diligence on potential hotel investments. Since joining RLJ, Henriksen has overseen the underwriting on completed transactions totaling over $2.5 billion. Prior to joining RLJ in 2002, Henriksen served as a Director of Development Planning and Feasibility at Marriott International. Henriksen's experience also includes consulting on and appraising over $4 billion in existing and proposed lodging facilities for HVS International. Henriksen graduated from the Cornell University School of Hotel Administration with a B.S. degree with a concentration in Real Estate and Property Asset Management.
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