A founder of Cresset Real Estate Partners, Michael currently serves as a Executive Managing Director, leading the real estate team in creating and managing the over $3 Billion development portfolio. Michael brings more than 35 years of experience in all aspects of commercial real estate to Cresset, including acquisition, development, finance, management, and ownership.
Michael, along with Jeff Cherner, acquired Baird & Warner Real Estate Capital in 1997, leading a management buyout of one of the nation’s leading commercial mortgage banking firms. After tripling the size of the company’s mortgage servicing portfolio and seeing a dramatic increase in commercial loan production, the team sold the company at a significant gain to a national real estate platform.
In 2003, Miller and Cherner joined with Larry Levy to form Diversified Real Estate Capital. Diversified provides a full range of real estate services to a group of ultra-high net worth family office investors. From 2003-2020, Diversified invested over $1.5 Billion to acquire, develop or own 25 institutional quality assets, executing on a variety of value-add, opportunistic and development strategies to create significant alpha for investors. Diversified’s assets include Salesforce Tower, 321 Clark Street and Cassidy Tire in Chicago, as well as The Victor in Dallas.
Chicago | Atlanta | Austin | Denver | Greenwich | Houston | Los Angeles
Menlo Park | Minneapolis | Naples | Nashville | New York City | Phoenix
San Francisco | Santa Barbara | Sioux Falls | Washington D.C. | West Palm Beach
Cresset refers to Cresset Capital Management and all of its subsidiaries and affiliates. Cresset Asset Management, LLC, also conducting advisory business under the name of TRUE Cresset Sports and Entertainment, provides investment advisory, family office, and other services to individuals, families, and institutional clients. Cresset Partners, LLC, provides investment advisory services strictly to investment vehicles investing in private equity, real estate and other investment opportunities. Cresset Asset Management, LLC, and Cresset Partners, LLC, are SEC registered investment advisors.