Chatham Financial, the industry leader in debt and derivatives solutions for commercial real estate investors, announced John Kjelstrom has joined Chatham as the Debt Valuation Practice Leader. This addition signifies continued commitment to Chatham’s debt valuation services, which currently values over $250 billion in debt. Kjelstrom will focus on directing Chatham’s market leading independent debt valuation offering for open-ended real estate funds.
With the heightened importance investors are placing on independent fair value reporting, it is now more critical than ever for open-ended fund managers to have their valuations performed by an impartial third party expert that provides clear, explainable results. Under Kjelstrom’s direction, the debt valuation practice will continue to serve fund managers while working with standards organizations and the audit community to ensure clarity and precision in its methodologies and providing transparent valuations.
Kjelstrom brings significant knowledge and experience to bear for Chatham’s clients. He currently serves as the Co-Chair of the Reporting Standards Debt Valuation Taskforce jointly supported through the National Council of Real Estate Investment Fiduciaries (NCREIF) and the Pension Real Estate Association (PREA). He is also the incoming Chair of NCREIF’s Valuation Committee. Kjelstrom brings 14 years of valuations experience to Chatham, having previous experience with National Valuation Consultants’ Real Estate Advisory Services division, leading the debt valuation service, and with Pricewaterhouse Coopers’ Real Estate Business Advisory Group.
“I’m excited to join Chatham and its team of real estate capital markets experts,” said Kjelstrom. “I look forward to partnering with our clients and maintaining Chatham’s reputation in bringing clarity and consistency to marking debt to market for financial reporting.”
Patrick Tully, Managing Director and Chief Financial Officer for Clarion Partners, understands first-hand the challenges and needs for debt valuation accuracy and expertise. “Chatham’s capabilities in this area are industry-leading,” said Tully. “Their debt valuation services provide the independence and transparency that our clients seek and deserve.”
Matt Henry, Managing Director, Global Real Estate at Chatham, added, “We’re very pleased to have John join us as we continue to deliver trusted results and stay at the forefront of debt valuation, an area of critical importance for our clients and their investors.”
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