ACRE Arrow R1.png

Meet Our Team

Our team brings together decades of experience in real estate private equity, acquisitions, asset management, and corporate finance in a range of asset classes. 


Andrew Hananel
Managing Partner

Andrew Hananel is the Managing Partner of Acre Valley and its co-founder. From 2010 to 2015, Mr. Hananel served as a Principal of WHI Real Estate Partners (WHIREP), a middle market real estate private equity firm. Mr. Hananel focused his efforts at WHIREP on both capital formation and acquisitions, and was responsible for sourcing and executing transactions representing ~$750 million of total capitalization. From 2005 to 2010, Mr. Hananel was an attorney in the Chicago office of Mayer Brown LLP, where he concentrated on real estate private equity transactions. Prior to law school, Mr. Hananel was a member of Credit Suisse’s Private Fund Group in New York, where he coordinated the placement of equity interests on behalf of financial sponsors.

Mr. Hananel is currently a member of the Duke Annual Fund Advisory Board and the Shirley Ryan AbilityLab Pediatric Therapy Task Force. He previously served in various capacities for the Jewish United Fund, including as Chair of the Real Estate Division and member of the National Youth Leadership Cabinet. Mr. Hananel holds a B.S. in Economics from Duke University and a J.D., magna cum laude, from Georgetown University Law Center.


Joshua Hostetter

Joshua A. Hostetter is a Partner of Acre Valley and its co-founder. From 2011 to 2015, Mr. Hostetter served as a senior member of the acquisitions team at WHIREP. During his tenure Mr. Hostetter focused on acquisitions, equity, debt origination, and he was involved in the acquisition and asset management of real estate with a total capitalization of ~$750 million. 

Mr. Hostetter is on the Auxiliary Board of MetroSquash, where he also serves as a Mentor. Mr. Hostetter holds a B.A. with honors from the University of Chicago.


Eric Gordon

Eric Gordon is the COO/CFO of Acre Valley. From 2012 to 2017, Mr. Gordon served as CFO of Adreima, a national revenue cycle services provider. Responsible for corporate finance, capital markets, and acquisitions, he helped the company double its revenue during his tenure. From 2008 to 2012, Mr. Gordon was a Vice President at a Chicago-based middle-market private equity firm. From 2002 to 2006, Mr. Gordon was Manager of Real Estate Investments at Ventas (NYSE:VTR) - the country’s foremost healthcare REIT - where he helped acquire assets totaling +$500 million of capitalization. Prior to Ventas, Mr. Gordon was an investment banker in Merrill Lynch’s Leveraged Finance Group in New York.

Mr. Gordon is a former member of the Board of the Chicago Chapter of Israel Cancer Research Fund. Mr. Gordon holds a B.S. in Economics and Mathematics from Duke University and an M.B.A. from Harvard Business School, where he was a Baker Scholar, Henry Ford II Scholar, and Wolfe Scholar.



Alex Rosenberg is an Associate at Acre Valley. From 2015 to 2017, Mr. Rosenberg was an Associate at The Carlyle Group, a multinational private equity corporation. His focus was on U.S. real estate opportunities, analyzing office, hospitality, student housing, residential, and for-sale residential investments, with a total value of +$1 billon. From 2014 to 2015, Mr. Rosenberg was an acquisitions analyst at Oak Residential Partners, a fully-integrated real estate investment firm based in Chicago. 

Mr. Rosenberg holds a B.B.A. from the University of Wisconsin-Madison. 


Richard A. Hadar

Richard Hadar is the Chairman of Acre Valley and its co-founder. He is a premier real estate investor, entrepreneur and philanthropist. Following two years in the Army, Mr. Hadar worked briefly as a salesman for Scott Paper before founding and managing two multimillion-dollar direct marketing businesses (liquor import and jewelry) in quick succession. Both companies were widely recognized for their efficiency and innovative marketing strategies. When Mr. Hadar sold the jewelry business, the company was ranked as one of the most profitable direct marketing companies in the country. Using the proceeds from the sale, he began investing in real estate in the 1990s, making numerous notable acquisitions and overseeing the renovation of several buildings. Mr. Hadar co-founded Allied Partners, a real estate development and management company in 1993 and served as Chairman until 2003. Among many other properties, his portfolio has included the Citicorp Center, 1 East 57th Street (now the LVMH building), Studio 54; and most recently, 915 Broadway.