Ackman-Ziff Real Estate Group.The Ackman-Ziff Real Estate Group announced that Russell Schildkraut and Patrick Hanlon were recently named principals of the firm. Schildkraut joined Ackman-Ziff in 1997. He is head of underwriting and loan placement and serves as a member of the firm's executive committee. Since joining the firm, he has successfully closed more than 160 transactions and over $4 billion of debt, mezzanine and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. . In March 2002, the Real Estate Board of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of presented him with its "Most Promising Commercial Salesperson of the Year" award and in 2004 he received the "Most Ingenious Financing Deal of the Year" award. Hanlon joined Ackman-Ziff in 2000. He serves as a member of the firm's executive committee and is currently leading the firm's equity division. He has successfully arranged in excess of $4 billion of joint venture equity, mezzanine and debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay on 47 transactions throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . He was awarded the Most Promising Salesperson of the Year Award in 2004, and was the recipient of the Edward S. Gordon Memorial Award for the financing of 522 5th Avenue. In addition to his position at Ackman-Ziff, Patrick is an Adjunct Professor at the New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the Real Estate Masters Program. |
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