Daniel J. Steinberg
Daniel J. Steinberg
Chief Investment Officer
Dan Steinberg is an experienced real estate executive with over 25 years’ experience in the acquisition, financing, development and management of over $3 billion of real estate transactions. He is the Chief Investment Officer of Besen Partners. He also serves on Besen’s Management Committee and is Co-Chair of the Investment Committee. He is responsible for the strategic direction of Besen's capital markets and principal investment activities. He oversees all facets of fund strategy, acquisition and asset management activities, including transaction negotiation and execution, as well as operational oversight of Besen's operating partner relationships. He has an extensive background in real estate development, property underwriting and investment, asset management, and creating real estate products to meet the requirements of substantial private investors. His activities as an investor, both in the context of a significant opportunity fund and a major international financial institution, give him a unique perspective on investment objectives and allocation requirements of a broad range of private and public investors.
Prior to joining Besen, Mr. Steinberg was the managing partner of F3 Capital Group LLC, a Connecticut based merchant banking firm that undertakes property investment, asset management, and investment banking activities on behalf of private clients, families, trusts, foundations, and other private investment groups.
Prior to F3, Mr. Steinberg was a co-founder and Managing Director of The Prescott Group, LLC and of its two principal operating subsidiaries, Prescott Capital Management, LLC and Prescott Capital Advisors, LLC. He had direct responsibility for all acquisition and operational matters and also served on Prescott’s Management, Operating, and Investment Committees. He was involved in all phases of the firm’s development since joining the firm in 2003 and approved all capital commitments by the firm and its subsidiaries. Mr. Steinberg was successful in creating a broad mix of unique investment products at Prescott including the formation of a retail management subsidiary, the creation of two discretionary funds, and growing the business to nearly $600 million of property acquisitions in his time at Prescott.
Mr. Steinberg was Director and Head of Real Estate Advisory - Americas for UBS AG, the largest private wealth sponsor in the world, prior to joining Prescott. While at UBS, he was responsible for the development and implementation of real estate investment products for high net worth individuals globally, including the launch of property investment vehicles for clients to pool equity to invest in direct real estate assets, the creation of single asset acquisition opportunities, and the implementation of a diversified portfolio transaction program. He also was instrumental in working with UBS’ investment center to adopt investment in the real estate sector as a significant part of the firm’s overall portfolio allocation models.
Prior to joining UBS, he served as a Vice President of Blackstone Real Estate Advisors, one of the preeminent real estate private equity firms in the U.S. While at Blackstone, he was involved with all phases of property acquisition, financing and asset management and led the firm’s commercial development initiative. Prior to Blackstone, he served in various capacities with Ares Realty Capital, a subsidiary of Mutual of New York, and Kenneth Leventhal & Company (now Ernst & Young). He began his career in the real estate industry as a construction project sponsor for Structure Tone Inc.
Mr. Steinberg graduated from the Boston University School of Management with a B.S. degree in Business Administration. He is active in various real estate industry organizations.