Greenbacker Capital Management (GCM), a New York City-based renewable energy asset manager, has hired David Zackowitz as head of real estate investments.
In his new role, Zackowitz will lead GCM’s fourth sustainability driven investment strategy, focused on acquiring commercial and residential property where the company can reduce greenhouse gas emissions and energy use intensity, as well as add additional sources of renewable power. He will also oversee deal origination and deploy capital to improve energy efficiency and support the expansion of electric vehicle fleet charging and rooftop community solar across the real estate assets acquired.
Zackowitz brings 22 years of experience in principal investments, asset management, and portfolio company oversight across the real estate asset class, including acquiring and implementing value-add strategies for $25 billion of commercial properties throughout his career. Prior to GCM, he was a managing director at Blackstone, the world’s largest alternative assets manager.
“David perfectly complements Greenbacker’s existing investment expertise and expands our ability to invest across the clean energy and sustainability focused asset class,” said Charles Wheeler, CEO of Greenbacker. “His experience and track record with some of the country’s leading real estate investment platforms will bolster Greenbacker’s capabilities within sustainable real estate—a sector with significant opportunity for investment to drive a clean energy future.”