Qualitas promotes internally

The alternative real estate investment manager has promoted Mark Power to a newly created position within its investment team.

As head of income credit, Power will report to the firm's global head of real estate and co-founder Mark Fisher.

Power joined the firm in 2017 from the National Australia Bank, where he served as director of corporate property for 16 years.

This role included the origination and execution of complex property transactions to a client base of ultra-high-net-worth private family groups.

Earlier, he worked in corporate finance transactions at ANZ and Commonwealth Bank.

"I am excited to take up this appointment, particularly at a time when the commercial real estate financing market in Australia is rapidly developing and look forward to steering strong investment outcomes for our clients," Power said

Meanwhile, Fisher said: "Mark is a highly regarded industry expert as well as an outstanding leader of people and has a strong commercial vision for our income credit business."

Fisher said the newly created role recognises the firm's growth and the increasing sophistication of its operation.

"It will be a key element in the delivery of Qualitas' growth strategy," Fisher added.

"We foresee tremendous opportunities in the income credit business as commercial real estate owners seek more flexible financing options and investors continue to search for defensive strategies and stable income," he said.