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August 30, 2010

Alvarez and Marsal appoints real estate advisory director

Alvarez & Marsal (A&M) has appointed Joel Mostrom as a senior director of its US real estate advisory service.

Mostrom was previously an executive vice president and chief financial officer of Chesapeake Corporation, a publicly-traded international supplier of packaging products.

Mostrom has work for A&M in the past as a senior director of the firm’s private equity services operations group in New York.

A&M real estate advisory services global head Michael Camp said commercial real estate investors will face mounting challenges as billions of dollars of debt come due over the next few years.

“Mostrom’s financial and operational real estate expertise coupled with his private equity experience makes him a valuable addition to our growing team,” Camp said.

Mostrom’s appointment follows the appointments of Scott Morey as the London-based head of A&M’s European real estate practice and Klaus Kretschmann, who was appointed practice leader for distressed real estate based in New York.

Mostrom will be based A&M’s Atlanta office.

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