Pritzker Family Office Geolo Hires CIO for Multifamily Push

Geolo Capital, the private equity arm of John Pritzker’s family office, hired Hector Calderon as chief investment officer to spearhead the firm’s growth into multifamily real estate.

Calderon, 42, will lead Geolo’s hunt for opportunities developing and investing in residential and multifamily properties, including in satellite towns outside America’s midsize cities. The firm is planning to invest $500 million in the sector over the next five to 10 years, he said in an interview.

The shift comes at a frenzied time for the U.S. residential market. The cost of construction materials has skyrocketed and rents for single-family homes are ...