Cedar Pacific Investment Management is pleased to announce the appointment of David Hill in the newly created role of Chief Investment Officer. Mr. Hill is an experienced living sector specialist with more than 12 years in commercial real estate capital markets and advisory, previously holding the role of Senior Director of Alternative Investments for Australia & New Zealand at JLL.

Mr Hill has advised on over $4bn of Living Sectors transactions including the sale of the Atira Student Living platform, Journal Student Living portfolio and the University of Canterbury leasehold portfolio, which was acquired by Cedar Pacific in 2021. 

Mr. Hill will initially be focusing on completing the capital raise for Cedar Pacific’s Build to Rent fund as well as raising new capital for additional purpose-built student accommodation (PBSA) funds including both on-campus and off-campus accommodation.“

This is a special opportunity to build on the success that Cedar Pacific has had to date, establishing the first and only PBSA fund spanning both Australia and New Zealand, together with the second PBSA fund which currently has 1,772 beds under operation and an additional 1,408 under construction. 

“The addition of the new build to rent fund, future PBSA funds and the opportunity to explore additional opportunities in the living and alternative sectors will continue to grow both Cedar Pacific’s position in the market, as well as the UniLodge and Essence brands” Hill said.

 “I am excited to be joining a team with a proven track record in delivering strong, stable returns to our institutional investors while contributing to the company’s expansion into the living sector.

Cedar Pacific CEO, Bernie Armstrong, said “we’re excited to have been able to attract someone with the immense sector experience that David brings to the Cedar Pacific team in the CIO role as we continue to expand our investment and capital function. 

Cedar Pacific continues to be a leader in the living sectors offering our investors diversified risk-adjusted returns that address a critical need for the future: professionally managed purpose-built housing.”

About Cedar Pacific Cedar Pacific Investment Management is a leading specialty developer and investment manager founded by Pamoja Capital in 2015. 

Cedar Pacific has a proven track record in developing, owning and managing large purpose-built residential communities throughout Australia and New Zealand.

Cedar Pacific currently manages over 10,000 PBSA beds across 16 assets in Australia and New Zealand, with an additional two assets currently under construction.