Elan Sippel-Feldman

Managing Partner

Elan Sippel-Feldman is a real estate investment, development, and advisory executive with 15 years of experience across both private and public markets. His work spans major U.S. cities and premier global retail destinations. In early 2025, he founded CRED Advisors, Inc. to help clients optimize, expand, and de-risk their real estate portfolios.​

Elan specializes in navigating complex real estate situations on behalf of owners, investors, and lenders—including LP/GP realignments, lender takebacks, project stabilization, and organizational or pipeline resets. He leads the repositioning of retail assets for higher and better uses and advises national retailers on international expansion, market entry, and portfolio optimization. His expertise includes platform building, capital pipeline management, governance structuring, and contingency planning. Through strategic asset optimization and operational execution, he has created billions of dollars in real estate value.​

Prior to founding CRED, Elan served as Managing Director and Executive Committee Member at Raider Hill, where he led the firm’s development and construction platform as well as its complex asset management mandates. He oversaw a $6 billion development pipeline, asset managed more than 25 shopping malls, facilitated $2 billion in retail dispositions, led construction and tenant coordination for a 2 million square foot power center portfolio, and helped redevelop an additional 2 million square feet of retail space.​

Previously, he held senior roles at Unibail-Rodamco-Westfield, where he led over $1.2 billion in redevelopment projects across the West Coast and managed operations for a portfolio of flagship assets.​

Elan holds a BA in Economics from Claremont McKenna College and an MBA from the UCLA Anderson School of Management. He is an active member of ICSC, where he was named a CenterBuild Leader Under 40, and ULI, serving on the national Commercial and Retail Development Council (Blue Flight) and the Philadelphia Capital Markets Committee. He lives in Philadelphia with his husband, three children, and their goldendoodle.

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David Ortner

Partner

David Ortner is a real estate executive with over 15 years of experience managing complex development projects across the retail, residential, and commercial property sectors. His proven leadership, management skills, and strategic approach has resulted in the integration of hundreds of new tenants at retail centers throughout the country, the creation of over 1000 new residential units and over $2 billion of construction and development.

In 2024, David founded ABMO Development Group, a development, project management and real estate advisory firm focused on retail, residential and mixed-use projects.

Before founding ABMO, David served as the Senior Vice President of Development and Construction for RPT Realty, a national retail REIT (acquired by Kimco). In that role, David was responsible for the firm's Development, Design, Construction, and Tenant Coordination teams - overseeing all redevelopment, remerchandising, new development and new tenant deliveries across the portfolio. David also led marketing and property management efforts at the RPT's new acquisitions and trophy properties. As a member of the senior leadership team, David oversaw various firmwide initiatives, spearheaded the Investment Committee approval process for all new development and redevelopment projects, and provided quarterly reporting to the Board of Trustees.

Prior to joining RPT, David oversaw Development, Construction and Operations for Brookfield Properties Retail Group (formerly Rouse) East Coast portfolio of regional malls, leading over $1 billion in development projects. David managed mixed-use and urban infill development projects for Advance Realty and acted as the Senior Director of Real Estate for Brick City Development Corporation, Newark's economic development agency.

David holds a BS in Finance from the University of Wisconsin-Madison and a law degree from the Benjamin N. Cardozo School of Law.

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Raphael Maranda-Desprez

Associate

Raphael Maranda-Desprez is a real estate investment professional with three years of experience spanning asset transactions and global portfolio construction.

Raphael is involved in all aspects of the CRED Advisors' investment and advisory services, with a particular focus on financial analysis, capital markets, and market research.

Prior to joining the firm, Raphael worked in the investment team at Raider Hill Advisors in New York City, where he underwrote over $500mm of retail transactions across the U.S. and played a key role in advisory mandates for 3mm sf of retail properties. His work spanned distressed asset repositioning, high street retail valuation, and publicly traded debt acquisitions.

Earlier in his career, Raphael was part of CDPQ’s real estate portfolio construction and transaction management team, where he supported capital allocation initiatives for a $50bn+ global portfolio and contributed to the implementation of a $14bn strategic investment plan. During this time, his team was recognized with the PERE Portfolio Construction Award in 2022. He also participated in market research initiatives and advised on global equity and structured credit strategies, helping evaluate arbitrage opportunities across the firm’s investment platforms.

Raphael received a BA in Business Administration from HEC Montréal, is a CFA Charterholder, and a member of ICSC. Outside of work, he is an avid outdoors enthusiast and scuba diving devotee. He currently lives in Montreal with his wife and their cat, Charlie.

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