As Executive Vice President of Finance for KBS, one of the largest owners and operators of premier commercial real estate in the nation, Mr. Durand is responsible for overseeing the KBS financing team, developing lending relationships, and negotiating the financing for all KBS real estate assets. Mr. Durand is also a member of the Investment Committee, where he applies his twenty-five years of commercial real estate experience to the evaluation and approval of all new investment opportunities for the company.
Prior to joining KBS, Mr. Durand was a vice president in JP Morgan Real Estate’s CMBS group and was responsible for the origination, structuring and negotiation of CMBS, construction, bridge and mezzanine loans. He also spent more than 10 years at Babson Capital Management, a subsidiary of Massachusetts Mutual Life Insurance Company, most recently as a managing director charged with sourcing, underwriting and closing commercial real estate loans. Mr. Durand’s transaction experience totals more than $21 billion and includes office, industrial, retail, multifamily and hotel properties, fixed- and floating-rate loan structures, first trust deed, mezzanine/structured finance, bridge loans and large portfolio financings.
Mr. Durand is a native of Southern California and holds an economics degree from the University of California, Los Angeles. He has also been awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute, is a NAIOP member, and serves as a ULI Advisory Board Member and the co-chair of the Orange County/Inland Empire ULI Capital Markets Initiative Council.
