Key Takeaways
- • RCLCO Fund Advisors (RFA), a Los Angeles-based institutional real estate advisory and investment management firm, appointed Shawn Veldhouse as Managing Director, based in its New York City office.
- • Veldhouse most recently served as Deputy Director of Real Estate Investments at the New York State Common Retirement Fund, where he deployed capital through discretionary real estate investment programs.
- • RFA advised on approximately $122 billion in client advisory assets as of July 2026, per the company.
- • Veldhouse will focus on institutional clients and business development across the East Coast, Canada and Europe.
- • RFA did not disclose financial terms of the appointment or announce new client mandates or asset growth targets.
Summary
RCLCO Fund Advisors (RFA), a Los Angeles-based institutional real estate advisory and investment management firm, has appointed Shawn Veldhouse as Managing Director, expanding its client relationship management and business development capabilities in New York and international markets. Veldhouse will be based in RFA's New York City office and will focus on serving institutional investors, expanding client relationships and identifying new business opportunities across the East Coast, Canada and Europe.
The appointment comes as RFA continues developing its institutional advisory platform, which oversaw approximately $122 billion in client advisory assets as of July 2026, according to the company. RFA provides real estate investment advisory and management services to pension funds, sovereign wealth funds, endowments, insurance companies and family offices, and states that it operates exclusively on behalf of investors without product or investment manager relationships that would compromise that mandate.
Veldhouse brings experience on both the limited partner and general partner sides of institutional real estate. Most recently he served as Deputy Director of Real Estate Investments at the New York State Common Retirement Fund, where he evaluated investment opportunities and allocated capital within an institutional portfolio. Earlier he held positions at a family office and at investment management firms including The Milestone Group and RREEF. RFA CEO Taylor Mammen said Veldhouse's investment experience will strengthen the firm's ability to serve existing clients and develop relationships with prospective investors, describing him as a "highly strategic and creative investor."
Veldhouse said he has spent the past decade on the allocator side, with prior experience as a direct investor, and that he understands what institutional investors need from an advisor. From 2018 through 2024 he served as Co-Chair of the Alternative Real Estate Investments Affinity Group at the Pension Real Estate Association, and he is a member of the Industrial and Office Park Development Council (Blue Flight) at the Urban Land Institute. He holds a bachelor's degree in business finance from the University of Utah and an MBA from Loyola University Chicago.
RFA was established in 2011 as the institutional real estate advisory and investment management affiliate of RCLCO Real Estate Consulting, and has been registered with the SEC as an investment adviser since 2014. The company did not disclose financial terms of the appointment or announce specific new client mandates or asset growth targets.
The appointment comes as RFA continues developing its institutional advisory platform, which oversaw approximately $122 billion in client advisory assets as of July 2026, according to the company. RFA provides real estate investment advisory and management services to pension funds, sovereign wealth funds, endowments, insurance companies and family offices, and states that it operates exclusively on behalf of investors without product or investment manager relationships that would compromise that mandate.
Veldhouse brings experience on both the limited partner and general partner sides of institutional real estate. Most recently he served as Deputy Director of Real Estate Investments at the New York State Common Retirement Fund, where he evaluated investment opportunities and allocated capital within an institutional portfolio. Earlier he held positions at a family office and at investment management firms including The Milestone Group and RREEF. RFA CEO Taylor Mammen said Veldhouse's investment experience will strengthen the firm's ability to serve existing clients and develop relationships with prospective investors, describing him as a "highly strategic and creative investor."
Veldhouse said he has spent the past decade on the allocator side, with prior experience as a direct investor, and that he understands what institutional investors need from an advisor. From 2018 through 2024 he served as Co-Chair of the Alternative Real Estate Investments Affinity Group at the Pension Real Estate Association, and he is a member of the Industrial and Office Park Development Council (Blue Flight) at the Urban Land Institute. He holds a bachelor's degree in business finance from the University of Utah and an MBA from Loyola University Chicago.
RFA was established in 2011 as the institutional real estate advisory and investment management affiliate of RCLCO Real Estate Consulting, and has been registered with the SEC as an investment adviser since 2014. The company did not disclose financial terms of the appointment or announce specific new client mandates or asset growth targets.
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