Andrew Smith has joined Bayview Asset Management as managing director and head of commercial real estate debt.
A spokesperson for Bayview confirmed Smith is taking on a newly created role.
Smith will focus on “expanding the firm's capabilities in response to increasing market opportunities,” said an Oct. 2 news release.
"This is a pivotal time in the real estate debt markets and a unique opportunity to join Bayview as it looks to increase its presence in the CRE space," said Smith in the release.
Most recently, Smith served as senior managing director and head of real estate debt at Kayne Anderson Real Estate.
In July, Kayne Anderson named Lee Levy as senior managing director and head of real estate debt.
Bayview has been investing in CRE debt for over 25 years, and its CRE credit business comprises 40 professionals in North America and 25 professionals in Europe across loan originations, underwriting and valuation and includes a rated commercial mortgage special servicer, the release added.
Bayview has a total of approximately $19 billion in assets under management.