RMZ appoints Ankit Samdariya to lead $35 billion expansion drive

RMZ Corp has appointed Ankit Samdariya as managing director of equity capital markets, as the real estate firm looks to raise capital for a $35 billion expansion plan over the next five years. The company plans to fund the growth through debt, equity and an initial public offering (IPO), two people familiar with the matter said. Samdariya will focus on raising large-scale institutional equity capital through global partnerships with pension funds, sovereign wealth funds and asset managers across North America, West Asia and Asia Pacific.

Samdariya joins RMZ from logistics firm LO-GOI Group, where he spent five years and helped sell around 5 million sq ft of warehousing assets to Blackstone for about $200 million. RMZ has a history of global capital tie-ups: Canada's CPP Investments has invested over $210 million in its projects, and Japan's Mitsui Fudosan partnered in a $1 billion equity deal in 2019. The company is also in talks to raise $400-500 million from global investors as part of its larger fund-raising plans.