2008 CPN Goldbook - (Page 52) FINANCIAL SERVICES other real estate-related debt securities and investments. In September 2007, it closed a $1.2 billion European real estate securitization transaction, managed by a subsidiary. It was RAIT Financial’s second euro-denominated securitization to be backed primarily by subordinated and senior debt issued by European real estate companies. It was the company’s 13th securitization transaction overall. UBS Global Asset Management Real Estate—U.S. UBS Global Asset Management Real Estate invests in properties in Australia, Europe, Japan, the United Kingdom and the United States and in publicly traded real estate equities worldwide. The company offers core, core-plus and value-add strategies; real estate securities; and agricultural investments on a global, country or regional basis. The U.S. business is the company’s largest segment, employing 180 people in Hartford, New York City, Dallas and San Francisco. As of the third quarter of 2007, it had more than $17 billion worth of assets invested in commingled funds and individual client mandates. The business also includes UBS Realty Investors L.L.C., UBS AgriVest L.L.C. and UBS Global Real Estate Securities. RCG|Longview RCG|Longview manages a series of high-yield debt and equity real estate opportunity funds. During 2007, the group originated more than $500 million through over 70 high-yield debt transactions. The company operates nationwide and focuses on core-plus and value-add opportunities in multifamily, retail, office and industrial real estate. It has also partnered with Fannie Mae to provide mezzanine financing to customers of the multi-family JAY ANDERSON Designated Underwriting and ServicFounding Partner RCG|Longview ing program in the form of DUS Plus mezzanine loans and CI Mezz-Mod Rehab loans, a program launched in 2007 to provide capital for the rehabilitation and preservation of affordable multifamily housing. Wells Fargo Wells Fargo provides more than $50 billion in commercial real estate originations annually. Its products include recourse and non-recourse, fixed- and variable-rate financing on incomeproducing commercial properties. The firm also offers construction, interim and permanent loans to investors and developers, construction-loan advisory services to commercial banking customers, and Freddie Mac, Fannie Mae and Federal Housing Administration multi-family, healthcare and affordable housing financing. Its mortgage loan-servicing operation is one of the counLARRY CHAPMAN try’s largest, with more than $140 billion in Head-Commercial Real Estate Wells Fargo loans owned through CMBS, institutional investors, life companies and government-sponsored enterprises. George Smith Partners Inc. George Smith Partners Inc. arranges financing for commercial and residential properties, including acquisition, construction, bridge, permanent, mezzanine and highly leveraged participating loans, as well as joint-venture equity. The firm estimates that it completed 195 transactions totaling more than $3.4 billion in 2007. Notable projects included the arrangement of a $210 million construction loan for the development of the Anaheim Garden Walk in DAVID RIFKIND Principal & Managing Director California; $72 million in senior and George Smith Partners Inc. mezzanine loans for the recapitalization of a Culver City, Calif., shopping center; and a $58 million construction loan for a luxury townhouse and condominium project in Scottsdale, Ariz. The firm is headquartered in Los Angeles. Wrightwood Capital Wrightwood Capital has completed more than 400 transactions totaling over $4 billion. The company aims to provide creative structuring, reliable execution and competitive pricing to real estate operators and developers while offering riskadjusted real estate returns to investors. It offers enhanced opportunities through structured finance and equity products, including bridge, construction and mezzanine financing. The firm works with borrowers and investors nationwide. BRUCE COHEN CEO Wrightwood Capital 52 Commercial Property News 2008 Goldbook
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