President, Dermody Capital
Steven A. Karpf is the President of Dermody Capital. He is a member of the firm’s Board, Executive Committee and Management Committee and chairs the Investment Committee. He oversees asset management, all institutional capital raising activities, structuring of commingled funds and joint ventures.
From 1997 to 2012 Mr. Karpf was a Managing Partner of Fremont Realty Capital. Mr. Karpf was also a Managing Director and partner of the Fremont Group. Fremont Realty Capital is the real estate private equity division of the Fremont Group, a private investment firm. Prior to joining Fremont Mr. Karpf was co-founder and President of Karpf, Zarrilli & Co., a real investment and advisory firm. Karpf, Zarrilli & Co. initiated and structured equity and equity-linked mezzanine investments in growth-oriented real estate companies. Mr Karpf has been a board member of Leggat McCall Properties, a Boston-based company that developed, owned and managed office properties; Hearthstone Assisted Living, a Houston-based company that owned and managed assisted living properties; and Educational Properties Trust, a Memphis-based company that owned and managed purpose built student housing apartments.
Mr. Karpf is an executive committee member of the University of Pennsylvania's Zell/Lurie Real Estate Center Advisory Board. He received a B.S. from the University of Pennsylvania and an M.B.A. from the Wharton School.