Director - Credit | New York
Stephen Kennelly is a Director 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, 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.