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November 03, 2023 11:21 AM

Oxford Properties appoints heads of development, U.S. asset management

Palash Ghosh
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    Shapiro_Shieh_combo_i.jpg
    Dean Shapiro and Diana Shieh

    Global real estate investor Oxford Properties Group has appointed Dean Shapiro as global head of development and Diana Shieh as head of U.S. asset management.

    Both New York-based positions are newly created roles, according to a Nov. 2 release.

    Shapiro will manage Oxford's global development platform activity which currently has 70 active projects. Shapiro has worked at Oxford for more than 12 years. Shapiro most recently served as head of strategic partnerships, said an Oxford spokesperson. He will not be replaced and his "former duties will be spread across a number of business leaders," a spokesperson added.

    Shieh will "provide oversight to portfolio-wide strategies, further develop the long-term vision, and drive asset-level value for Oxford's U.S. portfolio," the release noted.

    Shieh formerly served as global co-head of portfolio and asset management at Madison International Realty, a New York-based real estate investment firm.

    A spokesperson for Madison International Realty said Kim Adamek, managing director, who was co-head of portfolio and asset management, has assumed the role of head of portfolio and asset management, reporting to the chief investment officer Carey Flaherty.

    Adamek will continue to lead the global portfolio and asset management team with oversight of the firm’s investment positions in real estate assets, the spokesperson added.

    Oxford and its portfolio companies manage approximately C$85 billion ($61.6 billion) of assets.

    Oxford is owned by Ontario Municipal Employees' Retirement System, Toronto, the Canadian defined benefit pension plan which had net assets of C$127.4 billion as of June 30.

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    October 23, 2023 page one

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