Managed by Experienced Professionals

The management team brings a wealth of industry experience to its leadership of PREDEX.

Both the leadership team and the funds in which PREDEX is invested have long, well-established track records of up to 45 years in length. The principals bring a broad range of real estate investment experience to PREDEX, including the creation and management of other institutional real estate funds.

Leadership Team, PREDEX Capital Management, LLC

J. Grayson Sanders Chief Investment Officer

J. Grayson Sanders

  • Formerly President of CNL Fund Advisors; Managing Director, AIG Global Real Estate; Executive Managing Director, CB Richard Ellis Investors; Director-Real Estate, Ameritech Pension Trust; President, Lend Lease Investments; Co-Founder, The Landsing Corporation
  • Served on Board of Directors for Pension Real Estate Association (PREA) and National Association of Real Estate Investment Trusts
    (NAREIT); President, Stanford Business School Alumni Association
  • MBA, Stanford Graduate School of Business; BA, University of Virginia

Michael D. Achterberg, CAIA Portfolio Manager

  • Formerly CFO for more than two years at CITIC Securities International Partners which conducted investment banking and private equity from offices in Los Angeles, New York, Hong Kong and Beijing
  • Prior to that, he was a partner for fifteen years at Strome Investment Management which managed hedge funds with assets in excess of $1 billion. As CFO he managed the operations of their private funds, was a member of the investment risk and valuation committees, and participated in the due diligence and allocation of capital to other managers
  • Former CPA and Audit Manager with Big 4 Accounting Firm, working exclusively in the investment industry with advisers and funds. He served on their national quality review program for the Investment Company practice

Sharon P. Linnik Executive Vice President

  • Formerly Executive Vice President for 27 years at Bailard, Inc. in Foster City, CA. A global investment firm with assets in excess of $4 billion
  • Experience includes executive leadership, business development and client service
  • Distributed global asset allocation and alternative products (real estate, hedge funds, emerging life sciences, technology exchange fund) to institutional investors, financial intermediaries, family offices and fund-of-funds
  • Served on Board of Directors for the Western Pension and Benefits Conference and started the Silicon Valley chapter

Fabio J. Dicecca, CFA Investment Analyst

  • Formerly the Director of Investment Operations and head of the Portfolio Management Committee for a wealth advisor team in Los Angeles with $300 million in client assets
  • Prior to that, served as the Manager of the Wealth Management department of a nearly $200 million investment advisory firm where he oversaw the firm’s investment models and client portfolios including the due diligence and placement of private funds for qualified investors
  • Chartered Financial Analyst with MA in Economics from California State University, Long Beach and BA in Economics from the University of Michigan, Ann Arbor

Valerie Y. Pierrat Chief Compliance Officer

  • Director of ’40 Act Compliance, LLC, an independent compliance company located in Los Angeles serving private advisor clients as CCO
  • Formerly, Chief Compliance Officer for Wealth Management Division of City National Bank and its proprietary mutual funds with $5B in AUM
  • Previously, 6 years with The Capital Group, including managing compliance for an institutional closed-end interval fund and two retail balanced funds with over $30B in AUM
  • Prior to relocating to Los Angeles, 10 years with Morgan Stanley, New York, managing board reporting for 14 closed-end funds, five mutual funds and several off-shore funds

Independent Trustees of the Fund

Addison (Tad) Piper

Addison Piper

  • Formerly Chairman, Vice-Chairman and CEO at Piper Jaffray Companies in Minneapolis; Joined Piper Jaffray in 1969 and served as Assistant Equity Syndicate Manager, Director of Securities Trading, and Director of Sales & Marketing
  • Currently a Senior Regent at St. Olaf College, and Chair of Minnesota Comeback. He also serves as board member of Minnesota Public Radio, EdAllies, Educators for Excellence, and The Leuthold Group
  • Served as Chair of Abbott Northwestern Hospital; Chair of Washburn Child Guidance Center; Vice-Chair of the Minneapolis Downtown Council, Board of Governors of the Securities Industry Association; Chair of the NYSE Regional Firms Advisory Group; Trustee of the Stanford University Business School Trust
  • MBA, Stanford Graduate School of Business; BA, Economics, Williams College

Carol Broad

Carol Broad

  • Formerly Director, Private Real Estate, Russell Investments; Principal & Director of Research, Institutional Property Consultants; Vice President, Public Storage Inc.
  • Experience includes running Russell’s discretionary multi-manager private real estate business with $3.2 B in AUM; leading Institutional Property Consultants’ real estate asset class research, manager selection and due diligence processes
  • Served as a member of the Pension Real Estate Association (PREA), the European Association for Investors in Non-listed Real Estate Vehicles (INREV), & the Editorial Board of the Institutional Real Estate Letter
  • MBA, University of California, Los Angeles; BS, Biochemistry, University of California, Los Angeles

Dr. Kerry Vandell

Dr. Kerry Vandell

  • Professor Emeritus, University of California-Irvine
  • Former Director, Center for Real Estate and Professor Real Estate Finance at the Merage School of Business, UC Irvine
  • Former Chair of the Department of Real Estate and Urban Land Economics at the University of Wisconsin
  • Former Co-Editor of Real Estate Economics
  • His recent research on real estate illiquidity provides institutional investors with important tools to ascertain proper allocations to real estate in mixed-asset portfolios
  • PhD, Real Estate Finance, Massachusetts Institute of Technology; BS, MS, Engineering, Rice University; MS, City and Regional Planning, Harvard University