Two Sigma launches real estate investment business
Two Sigma Ventures announced that it has launched Two Sigma Real Estate, a new business focused on making investments in private real estate assets. As part of this initiative, Rich Gomel has joined Two Sigma as Managing Director and Chief Investment Officer of Two Sigma Real Estate. Two Sigma Real Estate will be a part of Two Sigma’s private investment business, which includes Two Sigma Impact, Two Sigma Ventures, and Sightway Capital. The team will initially concentrate on real estate assets in North America across multiple segments.
Tom Hill will serve as CEO of Two Sigma Real Estate, in addition to his role as Chairman of Two Sigma’s private investment business. He will be joined on the leadership team by Rich Gomel as Managing Director and Chief Investment Officer of Two Sigma Real Estate and Drew Conway as Head of Data Science for Two Sigma Real Estate.
“Real estate is the largest asset class globally and is ripe for innovation and advancements, specifically by taking a data driven and technology-enabled approach to both investing and asset management. Two Sigma was founded 20 years ago with the belief that the integration of technology and data science brought immense potential to investment management. Two Sigma Real Estate will have data science embedded in the investment process from day one as a core philosophy, with investment professionals and data scientists working hand-in-hand to inform and guide key investment decisions. Rich Gomel is a leading real estate investor and operator and has long been a believer in the competitive advantage a data science led investment approach can have in achieving differentiated returns. He is the ideal person to lead our investment efforts at Two Sigma Real Estate and I am excited to partner with him and welcome him to the Two Sigma family.” – Tom Hill, Chairman of Two Sigma’s private investment business and CEO of Two Sigma Real Estate.
“When you think of the leaders in data science and technology enabled investing, Two Sigma is one of the first companies that comes to mind. I am excited to work alongside Tom and Drew to build this new business and pair my real estate investment experience with the data science and technology resources and expertise of Two Sigma.” – Rich Gomel, Managing Director and Chief Investment Officer of Two Sigma Real Estate.