Mitch Pleis, who recently retired as co-head of real estate at the $344.9 billion CalSTRS, has joined the advisory board of IHP Capital Partners, a real estate investment firm that provides equity financing for residential development projects, particularly in the Western U.S., said a Sept. 18 news release.
As a member of IHP’s advisory board, Pleis will “play a pivotal role in shaping the company’s strategic direction and accelerating its growth,” the news release said, adding that “he will contribute to high-level decision-making at board meetings, guide financial strategy, and support project capitalization efforts.”
Since its inception in 1992, IHP has invested in more than 250 individual residential projects valued at more than $20 billion, according to the firm’s website.
Pleis is not replacing anyone on IHP’s board, said a spokesperson for IHP.
A spokesperson for CalSTRS confirmed that Pleis retired in July as a portfolio manager in real estate. He had served as interim co-director of real estate from February through June 30, 2023, before Julie Donegan was hired as director of real estate, the spokesperson added.
