Civitas Capital Group, a Dallas-based alternative investment manager offering opportunities in U.S. real estate, has hired Marisa Lizak as managing director, investments.

In this role, Lizak will focus on managing the credit strategy of the firm and expanding the firm’s equity and debt investor base across the Civitas lodging platform, as well as growing Civitas’ credit business across the firm’s other target asset classes, including multifamily and niche opportunistic investments. Lizak brings more than two decades of experience leading the investment strategy, underwriting, structuring, fundraising, investor relations and portfolio/asset management of transitional CRE assets. Lizak most recently held positions as COO of Global Hospitality Investment Group and as CIO of Axle Companies. She was previously senior vice president and head of underwriting as Starwood Property Trust.