Mr. Mandel is responsible for the overall development and operation of Ramsfield Hospitality Finance. He has a specific focus on new deal origination and capital formation. Richard founded Ramsfield Hospitality Finance as a joint venture with CarVal Investors (f.k.a.-Cargill Value Investment).
Prior to the founding of Ramsfield, Richard was Director and Founder of Kennedy-Wilson Japan. From 1995 to 2002 Kennedy-Wilson Japan grew from a start-up to a full service real estate investor and advisory firm. The company entered the public markets in Japan with a successful IPO in 2002 and now has a market cap of close to $2 billion.
From 1993 through 2002, Mr. Mandel held various senior positions at Kennedy-Wilson USA. His most recent post was President of the Commercial Investment Sales Group. Under his leadership, Kennedy-Wilson completed eleven hotel transactions totaling approximately $300 million. In addition to running the Investment Sales Group, Mr. Mandel originated and oversaw over $500 million of principal investments for Kennedy-Wilson.
Mr. Mandel was previously a Director at Jones Lang Wootton USA and was involved with all aspects of real estate investment banking from disposition, analysis, marketing, negotiations and closing. While at JLW, Mr. Mandel was a “link partner” to JLW Asia where he was responsible for all cross border U.S./Asian investment.
Mr. Mandel received his Masters degree from the J.L. Kellogg School of Management at Northwestern University and a BA degree from Washington University in St. Louis, Missouri.