American Express and The Moinian Group Announce First-Ever Program for Card Acceptance for Condominium Down-Payments; Building on Success in the Rental Industry, American Express Acceptance is the Latest Amenity for Luxury Homes in New York.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 -- American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. today announced that it would begin to pilot Card acceptance for condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. down-payments. The Moinian Group, one of the industry's most active development firms, boasting a portfolio totaling more than 20 million square feet of office, residential, retail and hotel properties throughout the U.S. and abroad, including 13 million square feet in Manhattan alone, will be the first to roll out the new program. E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]In 2003, American Express announced its program of Card acceptance for recurring payments at luxury rental properties. Soon after the program was announced, The Moinian Group began accepting the Card for rent payments across its luxury rental portfolio. Based on the success of the automatic rent payment program with Moinian and in the industry overall, American Express is now expanding its program to enable Cardmembers to enjoy the convenience and rewards of paying for condominium down-payments on the American Express(R) Card. E[acute accent]"Our Cardmembers around the country have embraced the benefits of monthly rental payments on the Card," said Kyle Curtin, vice president of Strategy and Business Development, American Express Establishment Services. "Down-payments on the Card bring the convenience and rewards to an entirely new level." E[acute accent]"We are extremely gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that American Express has once again selected The Moinian Group to roll out this new program in the New York market," said Joseph Moinian, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , The Moinian Group. "Amenities are a key factor in a buyer's decision to purchase a home in a Moinian Group property. For American Express Cardmembers, the ability to charge their down-payment and earn rewards is incredibly appealing. We're delighted to offer such a convenient option that insures on-time payment and customer satisfaction." E[acute accent]The Atelier, a 46-story, 478-unit condominium development under construction on Manhattan's Far West Side, has already begun to accept the American Express Card for down-payments. E[acute accent]About The Moinian Group E[acute accent]The Moinian Group, one of the country's largest privately held real estate firms, owns and manages over $8 billion in assets additionally controlling the rights to develop 5 million square feet of space on undeveloped land. Currently, The Moinian Group holds a portfolio of more than 20 million square feet of office, residential, retail and hotel properties throughout the U.S. and abroad, including 14 million square feet in Manhattan. Its extensive acquisitions include trophy buildings like the Downtown Club in lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North , formerly known as the Downtown Athletic Club The Downtown Athletic Club was an athletic club in a 35-story building located at 19 West Street in Lower Manhattan, New York City, USA. It was founded in 1926. By 1927, it had purchased this site next to the Hudson River to construct its own building. and home to the Heisman Trophy Heisman Trophy Annual award given to the outstanding college gridiron football player in the U.S. The trophy was instituted in 1935 by New York City's Downtown Athletic Club and was officially named the following year for the club's first athletic director, the player-coach , the Sears Tower Sears Tower, Chicago, the world's third tallest building. Until the opening of the 1,483-ft (452-m) Petronas Towers (1997) in Kuala Lumpur, Malaysia, it was the world's tallest building. Constructed from 1970 to 1974 for Sears, Roebuck & Co. in Chicago and Continental Towers at 180 Maiden Lane in Downtown Manhattan. The Moinian Group aims to transform long-underutilized areas into dynamic, transit-oriented urban centers by integrating a mix of medium- and high-density residential, commercial, entertainment and cultural land uses. Striving for excellence, it sustains its leadership in the industry with a focus on creating new environments in which to grow, work and live. For more information, please visit www.moiniangroup.com. E[acute accent]About American Express E[acute accent]American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, business services, insurance and international banking. Establishment Services is the merchant network of American Express, which acquires and maintains relationships with millions of merchants around the globe, which welcome American Express-branded Cards. E[acute accent]For more information, please visit www.americanexpress.com. |
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