**California People and Company News – Week of October 3, 2025**
**KHP Capital Partners**
KHP Capital Partners, a real estate private equity firm specializing in lifestyle hotel acquisitions and development, has announced that co-founder and managing partner Ben Rowe has officially taken on the role of CEO. This transition is part of a planned succession strategy. Rowe co-founded KHP in 2015 alongside Mike Depatie and Joe Long, with all three previously serving as co-managing partners. Under their leadership, the firm has grown to $1 billion in equity under management and holds a current portfolio of 20 lifestyle hotel investments.
**Colliers**
Colliers has expanded its San Diego brokerage team with the addition of top-tier multifamily and land broker Aaron Bove and the Bove Investment Team. The group includes Executive Vice President Aaron Bove, Senior Associate Emily Jones, and Senior Client Service Specialist Casey Sanders. Renowned for their record-breaking sales and client-focused approach, the team transitions to Colliers from Marcus & Millichap.
**Western Alliance Bank**
Todd Popovich, a seasoned veteran in commercial real estate, has joined Western Alliance Bank as Managing Director for Institutional Commercial Real Estate Finance in California. In his new role, Popovich will be responsible for strategic growth and navigating the evolving landscape of CRE finance.
**Fidelity Bancorp Funding**
Fidelity Bancorp Funding has named William Hughes as Executive Managing Director. Hughes is a respected figure in the capital markets and real estate finance sectors, having previously led Marcus & Millichap’s Capital Markets team. He played a crucial role in strategy development and oversaw billions in structured financing before retiring in 2018.
**Preservation Equity Fund Advisors**
Preservation Equity Fund Advisors has successfully closed its latest affordable housing fund, Preservation Equity Fund 3, L.P., with a total raise of $156 million. This is the third in a series of closed-end funds aimed at preserving affordable housing in high-rent, high-growth markets across the United States. The fund attracted 17 investors, including many returning stakeholders.
**Kay Properties & Investments**
Kay Properties & Investments, a national leader in Delaware Statutory Trust (DST) investments, has launched a new educational publication, “The 1031 Exchange Times.” This tabloid-style newspaper is designed to help real estate investors navigate tax-deferred transactions and has been distributed to tens of thousands of investors nationwide.
