2008 CPN Goldbook - (Page 47) FINANCIAL SERVICES The Ackman-Ziff Real Estate Group L.L.C. The Ackman-Ziff Real Estate Group L.L.C. arranges debt, mezzanine and equity financing for commercial real estate and closed more than $7 billion worth of financing in 2007. Recent transactions include $904 million in acquisition and reposition financing for seven apartment communities totaling 3,937 units in the continental United States, $82 million in acquisition financing for eight retail properties in the Southeast and joint-venture equity for Phase I of an $800 million Boston mixed-use developSIMON ZIFF ment. The firm is headquartered in New President The Ackman-Ziff York City and also has operations in Real Estate Group L.L.C. Boston, Miami and Los Angeles. Buchanan Street Partners Buchanan Street Partners provides real estate capital and advisory services for owners and developers, as well as investment management for institutional and high-networth investors. The firm’s advisory services include debt and structured financing and investment sales work for commercial and multi-family properties. Its investment management business invests equity and structured-debt ROBERT BRUNSWICK capital nationally through local operatPresident & CEO Buchanan Street Partners ing partners. The firm is affiliated with The TCW Group Inc. and operates autonomously from offices in Chicago, Atlanta, Los Angeles, San Francisco and Newport Beach, Calif. Arbor Commercial Mortgage L.L.C. Arbor Commercial Mortgage L.L.C. established a new presence in Washington in December 2007 when it opened a sales office in Kirkland, Wash. The company offers Fannie Mae Delegated Underwriting and Servicing, Federal Housing Administration, CMBS and bridge and mezzanine products and services more than $3 billion in loans. It also manages Arbor Realty Trust Inc., a REIT that invests in real estate bridge and JOHN CAULFIELD Executive Vice Presidentmezzanine loans, preferred equity investSales and Operations ments and other real estate-related assets. Arbor Commercial Mortgage L.L.C. Arbor is headquartered in Uniondale, N.Y CBRE Capital Markets CBRE Capital Markets completed more than $140 billion in real estate sales, acquisitions and financings across six continents during 2006. It provides capital solutions and investment sales services to the real estate investment community, offers integration of the mortgage banking and investment sales disciplines and coordinates its activities on a global basis, providing services to clients around the world. Centerline Capital Group, a subsidiary of Centerline Holding Co., provides fund management services and manages more than $18 billion worth of assets. Centerline Capital lends, invests and manages capital for the commercial real estate and affordable housing industries. It is headquartered in New York City and employs more than 500 people in nine offices in the United States. BRIAN STOFFERS President CBRE Capital Markets Bear, Stearns & Co. During 2007, Bear, Stearns & Co. underwrote $2.5 billion in common and preferred stock and convertible offerings for REITs and real estate finance companies. It also had another active year as an advisor and financing source for real estate mergers and acquisitions and as an underwriter of REIT-securities offerings. Recent assignments include advising The Blackstone Group L.P. on and providing financing for its $26 billion acquisition of Hilton Hotels Corp., representing Highland Hospitality LONNY HENRY L.P. in its sale to JER Partners, financing Senior Managing Director Bear, Stearns & Co. Beacon Capital Partners L.L.C.’s $6.5 billion and Tishman Speyer Properties’ $1.7 billion purchases of Equity Office Properties Trust portfolios and selling Extended Stay Hotels for $8 billion on behalf of Blackstone while providing financing to the buyer, The Lightstone Group L.L.C. Centerline Capital Group MARC SCHNITZER CEO Centerline Capital Group CIBC World Markets CIBC World Markets is the wholesale banking arm of CIBC. CIBC World Markets’ U.S. real estate finance group provides capital for commercial property transactions throughout North America and is an active principal underwriter of property finance. The group is headquartered in New York City and has regional offices in Chicago, Los Angeles, Atlanta and Salt Lake City. CIBC’s Canadian real estate investment banking group underwrites real estate MICHAEL HIGGINS debt and equity financings and provides Managing Director & Headthe services of a real estate merchant U.S. Real Estate Finance Group CIBC World Markets bank. In addition to its financial expertise, CIBC World Markets offers crossborder execution, providing two-way access between North American investors and the Canadian marketplace. Commercial Property News 47 Boston Capital Corp. Boston Capital Corp. specializes in real estate and tax-advantaged investments. Its holdings include almost 2,800 multi-family properties in 48 states and Washington, D.C., totaling more than 164,000 units and a development cost of $11.5 billion, making it one of the largest apartment owner/investors in the country. The company offers taxcredit investments, equity for market-rate multi-family housing and equity and debt for affordable multi-family development. JACK MANNING President & CEO Boston Capital Corp. 2008 Goldbook
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