As President of Real Estate Recovery Capital, Mr. Stenseth’s responsibilities include all company operations, including new deal origination, underwriting, due diligence, value creation and disposition. Mr. Stenseth’s background includes several decades of diverse experience in real estate investment, capital placement, property redevelopment, asset management and disposition of all types of real estate properties. His expertise is structuring transactions that benefit investors and property sellers as well as providing benefit to communities.
For the last 20 years, he has specialized in the acquisition and redevelopment of Brownfield properties including urban mixed-use, residential and commercial assets. He has served in various executive positions throughout his career, including as a partner and managing director of a $2 billion international Brownfield investment fund and redevelopment company where he was responsible for the acquisition and redevelopment of Brownfield sites across the US, Europe and Canada. He has directed the acquisition or disposition of over $1 billion of real estate assets.