The Palladius Team

Nitin Chexal is the Founder & CEO of Palladius Capital Management. In this role, Mr. Chexal oversees all aspects of the firm, including leading a team of investment and asset management professionals focused on making real estate equity and debt investments across the US.

Previously, Mr. Chexal was a Partner and Managing Director at Nimes Real Estate, where he led the real estate team and oversaw the acquisition, management, and disposition of several thousand multifamily and student housing units. Prior to joining Nimes, Mr. Chexal was the VP of Corporate Business Development at Counsyl (acquired NASDAQ: MYGN), a successful Silicon Valley start-up. Before that, he worked at Marathon Asset Management as part of the firm’s real estate team. During his time at Marathon, Mr. Chexal acquired and managed multifamily, hospitality, office, retail, and for-sale residential investments in the U.S. and international markets. Mr. Chexal began his career at JP Morgan, in the firm’s real estate investment banking group.

Throughout his career, Mr. Chexal has invested into, managed, and divested over $4 billion of commercial real estate assets. Mr. Chexal received a BS in Neuroscience from UCLA and a JD/MBA from the University of Chicago.

Education: 
University of Chicago JD/MBA
University of California at Los Angeles (UCLA)

Manish Shah is a Senior Managing Director at Palladius Capital Management, where he focuses on real estate investment origination and management and oversees legal matters for the firm. Mr. Shah is also a member of the firm’s investment committee and helps to lead the debt and income funds for Palladius.

Mr. Shah has decades of experience investing in real estate across the capital stack. Previously, Mr. Shah served as a principal and manager of numerous real estate investments, including control equity, preferred equity, mezzanine and senior debt investments. His prior experience includes the turnaround of a publicly traded company (acquired NYSE: EMR), where he was responsible for business and real estate acquisitions and divestitures. He began his career in the investment banking divisions of Bear Stearns and Morgan Stanley.

Mr. Shah has served on or currently serves on the Board of Advisors for Yale’s Jackson School of Global Affairs, Harvard’s Real Estate Alumni Board and the boards of public and private technology companies.

Education:
Harvard Law School
Yale University

Afshin Kateb is the CFO at Palladius Capital Management. In this role, he oversees the firm’s finance, accounting and risk management departments as well as its asset management team. Mr. Kateb is also a member of the firm’s investment committee and heads the hospitality investment arm of Palladius and its sister funds. Mr. Kateb has decades of experience investing in and operating multifamily and hospitality properties, as well as other assets.

Previously, Mr. Kateb was the CFO of Nimes Real Estate, where he oversaw the finance department and served as a senior member of the firm’s investment committee, overseeing a portfolio of multifamily, student housing and hospitality assets. Prior to joining Nimes, Mr. Kateb was CFO and principal at SBE; Senior Vice President and Fund Portfolio Manager at Lowe Enterprises Investors; and founding CFO of The KOR Group’s hotel, multifamily and mixed-use development companies. He also served as a Senior Management Consultant at Ernst & Young, where he worked on national and international commercial real estate projects, and Corporate Controller at Maruko Inc., where he oversaw a large portfolio of multifamily, hotel, office and retail properties.

Mr. Kateb currently serves on the boards of Woodbury University, Cal Poly Pomona Collins School of Hospitality Management and Mogul Recruiter.

Education:
Grenoble Ecole de Management (France), PhD
Pepperdine University, MBA
Woodbury University, BS Accounting

Stuart Hepler is a Director of Credit Investments at Palladius Capital Management. In this role, Mr. Hepler supports the firm’s lending platforms, and focuses on fund raising, origination, execution, syndication, and portfolio management for various lending vehicles.

Previously, Mr. Hepler was an Associate at HFF/JLL on the capital markets team in Houston, TX. There, he focused on debt and equity placement across all commercial property types and helped to build out the firm’s national SFR/BTR team. Prior to joining HFF, Mr. Hepler was a financial analyst at Boxer Property in Houston, TX focused on portfolio management, financial reporting, and supporting property sales/financing activities for the firm’s various office, retail, and hospitality holdings across the country.

Throughout his career, Mr. Hepler has 7+ years of commercial real estate/lending experience and has collectively worked on over $2 billion of real estate transactions.

Education: 
Texas A&M University, BBA Finance

Eric Savir has over 10 years of commercial real estate experience in multifamily investment and debt origination, and currently serves as the Director of Acquisitions at Palladius Capital Management. In this role, Eric’s responsibilities include sourcing and underwriting potential acquisition opportunities, leading all diligence and closing processes, assisting in asset management transition, and supporting debt placement efforts across the firm’s growing multifamily portfolio.

Prior to Palladius, Eric oversaw multifamily acquisitions, debt placement, and assisted in capital raising for One Real Estate Investment, a Miami-based commercial real estate private equity firm. During his tenure, the firm’s portfolio successfully grew from 700 units to over 9,000 units under management.

Eric began his career at Berkadia Commercial Mortgage where he underwrote and led the closing process across 170 commercial real estate transactions exceeding $4.2B in deal volume.

George Knight is a Vice President at Palladius Capital Management, where he leads sourcing, underwriting, and execution of investments with a primary focus on student housing. Beyond transaction execution, Mr. Knight plays a central role in portfolio operations, including business plan implementation, capital markets coordination, lender relations, and investor reporting.

Mr. Knight previously served as an Associate at Nimes Real Estate, where he focused on value-add multifamily and student housing investments, with responsibilities spanning underwriting, diligence, and execution.

Mr. Knight began his career as an Analyst at Westbrook Partners, where he focused on the underwriting and acquisition of residential development opportunities across California.

Education: Georgetown University, BS Finance

Dalton Berry is a Vice President of Asset Management – Student Housing at Palladius Capital Management, where he oversees the strategic direction and operational performance of the firm’s student housing portfolio. His responsibilities include driving revenue growth, managing operating performance, and executing asset-level business plans.

Prior to joining Palladius, Mr. Berry served as a General Manager with Asset Living at Mirage San Marcos, a property within the Palladius portfolio, where he drove rent growth and improved operating efficiency at the property level.

Previously, he was a Senior Property Manager with PeakMade Real Estate at the same asset, where he oversaw property operations and delivered consistent performance.

Education:
Texas State University

Bio:

Alex Lister is the Vice President of Asset Management – Multifamily at Palladius Capital Management where he oversees all of the conventional multifamily properties. Alex brings over eight years of property management experience, both in the conventional and student sectors, across multiple markets in Texas and Georgia. Previously, Alex served as a regional manager with Greystar, the nation’s largest multifamily property management firm, and has been recognized by the National Apartment Association as a 20 in their twenties nominee. Alex focuses on a process-driven approach to drive occupancy, manage expenses, and deliver overall value to the assets in his portfolio.

Education:
University of Georgia
Harvard Business School

Wayne Tung is VP, Corporate Controller at Palladius Capital Management. In this role, Mr. Tung focuses on all accounting, finance and internal/external financial reporting functions across all business verticals.

Previously, Mr. Tung was the Director of Finance at Relevant Group, a real estate company with portfolio of multifamily and hospitality assets, where he oversaw the accounting, finance and asset management. Prior to joining Relevant Group, Mr. Tung was Corporate Controller at Barfresh Food Group Inc. (OTCQB: BRFH), where he managed accounting, finance, external audit and SEC reporting/compliance. Before that, he worked at LT Global Investment, Chin Chin Restaurant and LABite.com as Controller.

Mr. Tung began his career at SBE, a company with portfolio of hospitality and office assets.

Education:
Cal Poly Pomona, MBA
University of California Irvine, BA Economics

Frank Jimenez is Vice President of Facilities & Construction Management at Palladius Capital Management, where he leads capital improvement execution and facilities oversight across the firm’s portfolio. His responsibilities include project underwriting, budget development, GC and construction manager relationships, vendor sourcing, and cost control — ensuring projects are delivered on time, on budget, and to standard.

Mr. Jimenez previously served as a Regional Facilities Manager at Trinity Property Consultants, where he oversaw capital improvement and renovation programs across a large multifamily and student housing portfolio.

Previously, Mr. Jimenez was Director of Facilities at Asset Living, where he supported facilities operations across a national student housing platform.

Mr. Jimenez brings over 20 years of experience in construction and capital improvement management across both in-house and third-party platforms.

Education: 
Texas State University

Kirsten Stainer is a Capital Markets Manager at Palladius Capital Management, where she focuses on managing institutional and private investor relationships, structuring fundraisers and driving capital formation across the firm’s debt and equity strategies.

Prior to Palladius, Kirsten led strategic GTM efforts at Founders Fund and Battery Ventures backed startups, where her growth initiatives helped secure Series A and B raises, scaling enterprise revenue with teams at JPMorgan Chase and Clearwater Analytics.

Ms. Stainer was an Associate at Sweetwood Ventures, a Fund of Funds where she conducted due diligence on emerging managers and managed family office relationships across the EU.

She began her investment career as an Analyst at Millennium Partners, supporting FICC trading strategies within the firm’s multi-manager hedge fund platform.

Education:
New York University 

Nancy Ngai is a Senior Acquisitions Associate at Palladius Capital Management, where she plays a central role in underwriting, due diligence, and transaction execution across the firm’s multifamily and student housing portfolio. Beyond deal execution, Ms. Ngai is actively involved in business plan implementation, capital markets coordination, lender relations, and investor reporting across the portfolio.

Previously, Ms. Ngai served as an Assistant Project Manager at K. Wah International Holdings Limited (HKEX: 0173), where she managed large-scale development projects across major cities in China. Notable assignments included a RMB 10 billion mixed-use development in Nanjing spanning nearly 477,000 square meters, a life science and residential development in Shanghai’s Xuhui District, a residential project in Suzhou’s National Hi-Tech District, and a large-scale phased development in Guangzhou spanning nearly 579,000 square meters — each integrating residential, retail, office, and hotel components across major Chinese markets.

Ms. Ngai is co-author of a research paper titled “Developing an Analytic Hierarchy Process-based Decision Model for Modular Construction in Urban Areas.

Education:
Harvard Graduate School of Design, Master in Real Estate
The University of Hong Kong
The Hong Kong Polytechnic University

Michael Khan is a Credit Associate at Palladius Capital Management, where he leads underwriting efforts, due diligence, and closing of debt transactions across the United States. Previously, Michael served as an asset manager at Trinity Investors, a Dallas-based private equity platform, overseeing a portfolio of multifamily, industrial, senior living, and retail assets. Prior to Trinity Investors, Michael worked as an asset manager and an underwriting manager at Broadmark Realty Capital in the Pacific Northwest.

Education:
Central Connecticut State University

Mauricio Danache is an Associate in Corporate Finance at Palladius Capital Management. In this role, Mr. Danache is directly responsible for maintaining budget and costs-to-date for both multifamily and student housing acquisitions, cash flow analyses, and budget forecasting.

Previously, Mr. Danache held a role as a Project Coordinator at Nimes Real Estate, a private equity real estate investment platform, where he focused on establishing and maintaining project organization and accounts payable.

Education: 
University of Texas at Austin, BA Economics

Bryson Shelist is an Investment Associate at Palladius Capital Management, where he plays a central role in supporting the firm’s real estate debt platform. His responsibilities span underwriting, due diligence, pipeline management, loan servicing, investor reporting, and platform operations — including credit facility management across a nationwide portfolio spanning multiple property types.

Previously, Mr. Shelist served as a Commercial Real Estate Underwriter and Credit Analyst at Stronghill Capital, where he analyzed debt and small balance mortgages on investment properties nationwide, with experience spanning multifamily, office, retail, industrial, mobile home parks, and self-storage.

Mr. Shelist holds a Bachelor of Arts in Economics from the University of Wisconsin-Madison.

Education: 
University of Wisconsin – Madison, BA Economics & Business Entrepreneurship

Shane Ndeda is a Senior Analyst at Palladius Capital Management, where he supports fund-level multifamily & student housing investment efforts as well as critical financial decision-making for the overall PCM platform. Previously, Shane served as an analyst at Catellus, a mixed-use real estate developer, helping support horizontal & vertical development efforts across the national portfolio. Prior to Catellus, Shane served as an analyst at J.P. Morgan in New York on the Real Estate Corporate & Investment Banking team

Eric Miller serves as Regional Facilities Manager at Palladius Capital Management, where he oversees facility operations and maintenance standards across the firm’s portfolio. His responsibilities include property inspections, deferred maintenance tracking, systems-level capital needs, and evaluating property-level maintenance staff.

Prior to joining Palladius, Mr. Miller served as a Senior Maintenance Supervisor with PeakMade Real Estate in San Marcos, Texas, where he supported operations across a large student housing portfolio.