Elmar Schoonbrood. Credit: Multi

Elmar Schoonbrood to become Co-CEO at Multi Corporation

Multi Corporation announces the appointment of Elmar Schoonbrood as full time Board Member and Co-CEO, alongside current Board Member Steven Poelman, with immediate effect.

Schoonbrood previously served as Managing Director at Blackstone in London where he managed Blackstone’s European and Turkish retail investments. He was also responsible for overseeing Multi Corporation for Blackstone since joining the firm in 2014.

Elmar Schoonbrood commented: “The business is in a very strong position and I’m excited to help build on the success achieved to date. I also look forward to working alongside my long-standing Multi colleague and Co-CEO, Steven Poelman, whom I have worked with for over 8 years.”

Adam Shah, Head of Real Estate Asset Management Europe at Blackstone, commented: “Elmar has played a pivotal role in the growth and success of Multi Corporation in recent years, helping it become a business which today actively manages over 80 properties in 13 countries across Europe.”

Elmar Schoonbrood was appointed as Board Member of Multi Corporation in June 2021. He has more than 17 years’ experience in the European real estate and real estate debt industry. Before joining Blackstone in 2014, Elmar headed up the European non-performing loan workout team at Oaktree Capital Management and prior to that he headed up the European loan workout team at Morgan Stanley (CMBS Special Servicing). In addition, Elmar worked in a variety of real estate and structured finance positions at Credit Suisse, Fitch Ratings, and IPD. All functions were based in London. Elmar holds an MA in Real Estate from Kingston University and a BA in Business Administration from Fontys University of Applied Science.

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