Annaly Capital Management announced today that Kevin Riordan, previously commercial mortgage securities group managing director at TIAA-CREF, has joined the company.
Riordan will focus on exploring CMBS and other commercial real estate opportunities as part of FIDAC, Annaly's wholly-owned registered investment advisor.
"Kevin Riordan is an excellent addition to our investment and research team," Michael A.J. Farrell, chairman, CEO and president of Annaly said. "The depth and breadth of his experience in commercial mortgages will complement our current areas of expertise and will allow us to expand our FIDAC business."
In his 25 years of experience, Riordan held various positions in the financing, investing and securitization of commercial real estate.
At TIAA-CREF, he was responsible for the oversight of their $22 billion commercial real estate securities portfolio that included CMBS and CDO securities, REIT debt, REIT common and preferred stock, and the origination of small balance commercial mortgage loans. He is a member of the Commercial Mortgage Securities Association and now serves as chair of the government relations committee.