Carlton forms new division to work with 1031 and TIC investors.The Carlton Group's Chairman, Howard L. Michaels announced the formation of Carlton's new 1031 Investment Division, which will work with 1031 and tenant-in-common (TIC) investors to help originate and structure high quality, cash flowing commercial and residential real estate investments. Carlton's 1031 Division will be part of the principal transactions group, Carlton Strategic Ventures (CSV (1) (Comma Separated Value) Same as comma delimited. (2) (Computer System Validation) See software validation. CSV - comma separated values ), and will be headed by Edward C. Yu, managing director and president of Carlton Strategic Ventures, and Marc S. Brodsky, managing director and general counsel of The Carlton Group, Ltd. Carlton has distinguished itself as the preeminent real estate investment bank for large, complex acquisition and capitalization structures. Within the last 18 months, Carlton has arranged the equity and debt capital for some of the largest deals in the country including The General Motors Building in 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 , The Bank of America Center There are two Bank of America Centers
 “Louisville” redirects here. For other uses, see Louisville (disambiguation). , among numerous others. Through its parent, The Carlton Group, Ltd., Carlton's 1031 Investment Division has a tremendous pipeline of high quality income generating commercial properties with stable cash flows, and value appreciation, ideal for 1031 TIC exchange investors. Properties targeted shall be in markets with strong fundamentals, and conservatively underwritten to the highest standards. "In addition, Carlton has unsurpassed capital markets expertise, a stellar track record and an excellent reputation. We have access to more capital for acquisitions and more expertise in closing transactions than most of our competitors. Equally important, Carlton and its professionals have a proven track record in owning and asset managing real estate," said Michaels. "Carlton has significant relationships with the top financial institutions in the world, including Wachovia Securities Wachovia Securities, located in Richmond, Virginia (soon to be moved to St. Louis), is the third largest brokerage firm in the United States as of 2006 with $689 billion retail client assets under management. It is a subsidiary of Wachovia Corporation. , Credit-Suisse, Lehman Brothers and Goldman Sachs, to name a few. Our relationships with these lenders provide us with virtually unlimited access to capital. This enables investors to have up-to-the minute local capital markets pricing of property asset values, and the lowest possible real estate debt and equity costs of capital, which will help drive investment returns," Michaels said. Carlton is a national real estate investment banking firm prominent in debt and equity placement, investment sales and commercial loan sales. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion