Sujan Patel was named managing director and head of real estate at distressed debt and private equity manager Strategic Value Partners.
The Greenwich, Conn.-based position is new, a spokesman said. Mr. Patel reports to Victor Khosla, founder and chief investment officer.
The hiring is part of the manager's expansion into the real estate sector, according to a news release.
Mr. Patel was managing director and co-head of U.S. investment management at Colony Capital. Officials at that firm could not be immediately reached for further information.
Strategic Value Partners has about $10 billion in assets under management.