Mr. Stelzer is Head of Real Estate Debt, overseeing Cerberus’ investments in commercial real estate-related loans, commercial mortgage-backed securities (CMBS), and other commercial real estate securities. Since joining the Firm in 2008, Mr. Stelzer has overseen investments of over $10 billion of asset value.

Mr. Stelzer has more than 25 years of experience and joined Cerberus from Morgan Stanley, where he spent almost a decade in various senior roles. Most recently at Morgan Stanley, he was a Managing Director in the Global Proprietary Credit Group, where he managed CMBS and other commercial real estate securities and loan trading activities. He also held the position of Head of CMBS Trading in the Securitized Products Group at Morgan Stanley, where he lead all proprietary and flow trading of cash and synthetic CMBS, real estate CDOs, Fannie Mae DUS, and GNMA project loans. From 1996 to 1998, Mr. Stelzer held roles at Salomon Smith Barney and JMB Real Estate Investment Group.

Mr. Stelzer graduated from the University of Pennsylvania and received an M.B.A. from the University of Pennsylvania’s Wharton School of Business. He is a member of the Cerberus Real Estate Debt Committee and Financial Risk Management Sub-Committee.