LOXAR
Our team

Institutional experience.
People you work with directly.

LOXAR is led by partners and co-founders Diego Losada and Felipe Nazar. Their backgrounds connect institutional analytics, investment judgment, and hands-on operating experience.

Diego Losada
Education

Graduate degrees in Applied Economics, Johns Hopkins, and Finance, George Washington University. BA in Economics, Universidad de los Andes, Bogotá. Executive education at Harvard Business School and MIT Sloan.

Partner & co-founder

Diego Losada

Investment decisions · Strategy · Real estate execution

A senior executive and real estate operator with more than 25 years of experience spanning analytics, enterprise risk, and commercial real estate investment.

Diego’s experience includes Vice President roles at Fannie Mae and principal-owned real estate activity through Invest Proxima. He connects institutional analysis with the practical realities of ownership, operations, and implementation.

Read the full professional background

At Fannie Mae, Diego held multiple Vice President roles across enterprise risk analytics, strategic analysis, and operational performance. He led the development of enterprise-wide risk analytics and reporting frameworks used by senior management and the Board, including oversight of risk across a $3T+ book of business, establishing risk limits, forward-looking scenario analysis, and strategic risk monitoring systems.

In parallel, Diego is the Founder of Invest Proxima, a commercial real estate investment firm focused on value-add and community-driven development. He has acquired, repositioned, and operated a diversified portfolio of mixed-use, office, residential, and short-term rental assets, direct exposure to the operational, financial, and market risks real estate investors face.

His combined experience lets him bridge institutional-grade risk frameworks and real-world investment execution, ensuring that risk management systems are both rigorous and practical.

View Diego’s LinkedIn profile
Felipe Nazar
Education

M.S. Finance, George Washington University. Executive education at Harvard Business School and MIT, risk management, corporate governance, and organizational design.
BA Business Administration, Universidad Nacional de Cuyo, Argentina

Partner & co-founder

Felipe Nazar

Risk analytics · Enterprise risk · Governance

A senior risk and analytics leader with more than 30 years of experience building risk frameworks, analytical capabilities, and decision support within complex financial institutions.

Felipe’s experience at Fannie Mae includes leadership in risk analytics, risk identification, risk appetite, scenarios, and reporting for senior management and Board committees.

Read the full professional background

At Fannie Mae, Felipe held senior leadership roles within Enterprise Risk Management, including Director of Risk Analytics and interim Vice President responsibilities supporting the Chief Risk Officer and Board-level reporting. He played a central role in building and enhancing the firm’s enterprise risk framework, risk taxonomies, top and emerging risk processes, risk appetite frameworks, and risk limit structures.

His work directly supported board and management committee decision-making, translating complex quantitative analysis into clear, actionable insights. He led efforts across credit, operational, strategic, and reputational risk, and contributed to stress testing, scenario analysis, and economic capital frameworks while establishing standardized processes for risk identification, monitoring, and reporting across the enterprise.

Beyond risk management, Felipe has deep expertise in business analytics, forecasting, and operational performance optimization, having built and led analytics teams focused on improving organizational decision-making and efficiency.

Meet the analytical side of the team

Four curious minds.
One connected discipline.

Meet Wilma, Deedee, Magnum, and Wilbert: LOXAR’s named analytical assistants, developed by Felipe Nazar around our research and modeling methods.

They help the partners organize evidence, investigate alternatives, and test assumptions across a wider set of questions. The tools extend our capacity. The partners own the judgment.

Wilma symbol: a compass for market direction
LOXAR analytical assistant

Wilma

The market scout

“Where should we look next?”

Wilma starts with the place. She helps compare local economies, separating durable structural strength from the conditions that may create a current investment opportunity.

Training

  • Market evaluation
  • Census & employment data
  • Economic structure & scoring
How Wilma works with the team

The work

Brings demographic, employment, income, housing, and economic-base indicators into a structured market assessment. The score is a starting point for investigation, with source dates and data limitations kept in view.

The handoff

Passes promising markets and open questions to Deedee for a closer look. For consulting assignments, her market context helps frame the right local questions.

The value

A more disciplined starting universe. More attention for the markets that warrant deeper research.

Deedee symbol: a research lens above a wave
LOXAR analytical assistant

Deedee

The curious researcher · Deep Dive

“Does the evidence still support the story?”

Deedee goes beyond the score. She investigates what is changing on the ground and whether current evidence confirms, weakens, or challenges the original market signal.

Training

  • Current-evidence research
  • Housing supply & demand
  • Economic-development research
How Deedee works with the team

The work

Connects employment and household trends with housing inventory, affordability, development pipelines, absorption, local policy, and infrastructure. She examines the mechanisms behind the numbers and keeps unresolved evidence visible.

The handoff

Turns Wilma’s broad market context into more specific research questions and underwriting considerations. Her findings help Magnum focus its investigation and Wilbert test assumptions.

The value

A clearer local picture for investment decisions, housing strategies, and public-sector assignments.

Magnum symbol: a building with an investigative lens
LOXAR analytical assistant

Magnum

The property investigator

“Interesting market. Which property, and why?”

Magnum brings the investigation closer to the asset. He helps build a named-property universe, organize available evidence, and identify what deserves a closer look.

Training

  • Property identification
  • Property-evidence checks
  • Alternatives & tradeoffs
How Magnum works with the team

The work

Supports property identification and preliminary screening against the investment question. He helps organize asset characteristics, ownership leads, information gaps, and alternatives for review. Preliminary leads still need title, operating, and physical diligence.

The handoff

Connects market research to the property questions Wilbert must test. In strategic assignments, the work can also help organize competing pathways and their tradeoffs for partner review.

The value

A focused investigation plan, with a clearer distinction between a promising lead and an underwritten opportunity.

Wilbert symbol: a distribution curve on analytical axes
LOXAR analytical assistant

Wilbert

The economics specialist

“What has to be true for this to work?”

Wilbert works through the economics. He connects property facts and explicit assumptions to cash flow, financing, value, downside exposure, and price discipline.

Training

  • Cash-flow valuation
  • Debt, CapEx & reserves
  • Scenario & Monte Carlo analysis
How Wilbert works with the team

The work

Models property operations, capital expenditure, reserves, simplified senior debt, and exit assumptions. Scenario and Monte Carlo analysis help examine how uncertain inputs change value, returns, and the price the analysis can support.

The handoff

Uses reconciled property evidence and the assumptions informed by Wilma, Deedee, and Magnum. The partners review the outputs, challenge the assumptions, and decide what the results mean for the assignment.

The value

A clearer view of economic tradeoffs and downside risk. Results remain conditional on data, assumptions, and the model’s scope.

From a place to a decision

Different specialties.
A shared chain of evidence.

  1. WilmaFind the market signal
  2. DeedeeTest it against current evidence
  3. MagnumFocus the property investigation
  4. WilbertTest the economics and downside

The partnersChallenge the evidence. Apply judgment. Own the recommendation.

Four analytical tools, guided by the partners. “Training” means the research and modeling disciplines built into each workflow. The partners review outputs in the context of the data, assumptions, and assignment.

Explore our approach Bring us a decision
Experience, with clear attribution

The background behind
the judgment.

The principals’ institutional work was performed in their prior roles. Invest Proxima activity is principal-owned investment and operating experience. Neither should be read as a completed LOXAR client engagement.

LOXAR applies that experience through its own advisory work, analytical methods, and direct principal involvement.

Explore how we work
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