Josh Volen

Co-Founder and Managing Principal at Cire Equity

Speaker

Josh Volen is the Co-Founder and Managing Principal at CIRE Equity, a values-driven, vertically integrated real estate private equity firm. With a contagious passion for the commercial real estate industry, Joshua currently steers the strategic vision and growth of the company, taking the lead in acquisitions and investor relations.

Josh’s journey in real estate began with his tenure at a national commercial brokerage firm, where he achieved Rookie of the Year in his first year and quickly climbed to the position of Vice President and National Director, specializing in office and industrial properties. His outstanding performance ranked him among the top 30 agents nationwide, completing over 137 transactions with a total volume exceeding $1 billion.

Since co-founding CIRE Equity in 2010, the company has completed more than $1.5+ billion in 200+ transactions and accumulated a current portfolio AUM exceeding $800+ million. Initially, assets were acquired deal by deal until May of 2019 when a significant portion of these assets were contributed to a private, non-traded REIT, known as OpCo/CREIT. The company has consistently delivered remarkable returns, with historical realized returns boasting a 35% IRR and 2.4x realized equity. The open-ended REIT investment vehicle, CREIT, has maintained an impressive average net IRR of over 16% and average dividend yield of 6% for investors, including strong performance during the challenges of the COVID-19 pandemic and continued market volatility seen today.