Carlton thrives in biggest year ever.Completing its biggest year ever, The Carlton Group closed over $6 billion in debt, equity and loan sale transactions in 2004. The full service real estate investment bank witnessed a surge in its equity and debt advisory business and has affirmed its position as one of the preeminent dealmakers in the real estate industry. Chairman Howard L. Michaels believes Carlton's success is a testament to the dedication and talent of the company's staff. He said, "Without our superior capital placement, strong analytical abilities and swift execution, I don't think we would have been able to eclipse our goals for 2004 the way we did." Michaels himself has emerged as one of the nation's top brokers closing numerous high profile deals in 2004 and early 2005 including the $1.7 billion recapitalization of the General Motor's building and he closed 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. Carlton's primary services include debt and equity placement, loan sale advisory, investment sales, hospitality financing and the recently created principal acquisitions group, Carlton Strategic Ventures. These business lines are largely responsible for Carlton's success in 2004 and the following represent some of their most significant accomplishments over the past year: * Increased Access to Overseas Capital. The firm has shown an impressive ability to access relatively inexpensive overseas capital including German, Asian, Israeli and other "off the radar" equity sources. * Significant Growth in Equity Recapitalizations--Carlton arranged the recap of number of high profile assets, 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
* Breakout Year for Hotels and Condo Conversions--Since the formation of Carlton's Hospitality Group in the 1st quarter of 2004, the division has prospered, winning over $1 billion in exclusive 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. and hospitality projects. Loan Sale Group Continues to Excel--The division sold nearly one billion dollars in loans and REO reo Noun NZ a language [Maori] assets in 2004 and is anticipating an even busier year for 2005. * Closes Over 16 Million Square Feet on Large Trophy Assets--This year alone, Carlton closed over $5 billion of senior, mezzan'ine 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. on over 16 million square feet of prime office assets in some of the largest markets in the nation. * Formation of Carlton Strategic Ventures--Real estate veteran and former Kushner 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. Charles S. Ramat partnered with Mr. Michaels in the end of 2004 to form Carlton's principal acquisitions group, Carlton Strategic Ventures. The newly created division is now actively looking to raise capital for the creation of a real estate investment fund. |
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