Senior Vice President, Originations | New York
Stephen Kennelly is a Senior Vice President at ACRE, where he will be responsible for originations, underwriting, and portfolio management. Prior to joining ACRE, Mr. Kennelly spent more than seven years at Basis Investment Group, a $4 billion multi-strategy credit investment platform focused on bridge and mezzanine debt, preferred equity, and CMBS/CLO b-piece acquisitions. Most recently, a Senior Vice President, Mr. Kennelly, was instrumental in the successful raise, management, and deployment of the firm’s first closed-end credit fund, with over $400 million in equity commitments and over $1 billion in transaction volume. Previously, he worked at AST Development, a multifamily development company where he was responsible for acquisitions, underwriting, and oversight of luxury multifamily development projects. Mr. Kennelly is a Certified Public Accountant and graduated summa cum laude with a B.S. in Business from Montclair State University.