Driftwood Capital Names Co-CIOs to Unify Strategy

Driftwood Capital has restructured its leadership by naming David Resnick partner and co-chief investment officer alongside David Steiner, co-founder of the firm’s credit arm, Lodging Magazine reported [1]. The appointments consolidate the private equity real estate company’s equity and lending arms under a joint team, accompanied by the hire of Andrew Dykeman as senior vice president of equity investments [1].

Who are Driftwood Capital's new co-CIOs?

Driftwood Capital appointed David Resnick and David Steiner to lead its joint investment arm [1]. According to Lodging Magazine, Resnick joins as a partner and co-CIO after serving as chief investment officer at 13th Floor Investments [1]. Steiner, who joined the firm in 2020, earns a promotion to co-CIO after co-founding Driftwood's lending division [1].

Together, Resnick and Steiner will direct all investment operations across both arms [1]. Their shared remit covers firmwide strategy, deal origination, underwriting, transaction structuring, capital allocation, and portfolio management [1]. Driftwood leadership created this joint post to establish a coordinated process across equity and debt deployment while keeping individual investment mandates intact [1].

What background does David Resnick bring to the firm?

David Resnick brings an extensive background in complex residential, income-producing, and specialized real estate projects [1]. During his tenure as chief investment officer at 13th Floor Investments, Resnick oversaw more than $850 million of capitalized developments [1].

He also expanded 13th Floor Investments' forward pipeline to surpass 7,500 units [1]. That expansion represented roughly $5.5 billion in total capitalization across alternative asset classes, income-generating real estate, and residential construction [1]. Resnick noted that growing digital habits make differentiated physical experiences more valuable, placing hospitality investments at the center of commercial real estate opportunities [1].

What track record does David Steiner have at Driftwood?

David Steiner built Driftwood's dedicated credit platform after joining the Coral Gables firm in 2020 [1]. As co-founder of that debt vehicle, he directed credit fund I's participation as a co-lender [1].

Through October 2025, Steiner's platform participated as a co-lender in roughly $2.3 billion in aggregate credit transactions [1]. Steiner explained that joining the equity and debt arms allows Driftwood to evaluate deals from both seats simultaneously, structuring capital solutions across the entire capital stack as transaction sizes expand [1].

Who is Andrew Dykeman and what is his role?

Andrew Dykeman joins Driftwood Capital as senior vice president of equity investments [1]. In this post, Dykeman takes charge of underwriting and structuring new equity transactions across the company's platform [1].

Dykeman arrived from The Witkoff Group, where he served as senior vice president of acquisitions and capital markets [1]. In that role, he led site selection, business planning, and capital raising for the Shell Bay brand across $10 billion of global master-planned transactions [1]. Dykeman also oversaw asset management and underwriting for approximately $7 billion in development pipelines and $3 billion in asset financings [1].

What deals will the unified leadership team target?

The unified investment group will pursue larger, more complex real estate developments, according to Carlos Rodriguez Jr., co-founder and chief executive officer of Driftwood [1]. Driftwood structures its investments across equity, credit, and development [1].

The company plans to deploy capital into lifestyle and luxury hospitality assets, mixed-use destinations, ground-up construction, and branded residential properties [1]. Combining equity and lending capabilities gives the executive team the flexibility to structure complex capital stacks for these asset classes [1].