Ed Marron named president of Related residential division.Edward W. Marron mar·ron n. See Spanish chestnut. [French; see maroon2.] Jr., one of the backing industry's top real estate finance specialists, has been named president of Related Residential Realty Investors, a newly formed division of The Related Companies, L.P. In announcing the appointment, Related president Stephen Ross Stephen Ross may refer to:
In his new post, Marron will direct Related's unit that concentrates on developing, acquiring and/or managing luxury housing as well as residential properties financed conventionally or with tax exempt bonds. Marron, who joined Bankers Trust The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. It was originally set up when banks could not perform trust company services. company in 1976, was a managing director of BT Securities Corporation and a member of the firm's Partnership Group, He was responsible for the Real Estate Fnance Group's direct investments, equity-linked debt and servicing businesses. The group had purchased in excess of $1.5 billion in property and non-performing real estate debt since mid-1992. Consistent with his unusually broad financial background, Marron has held a wide range of positions within Real Estate Finance, including debt swaps Debt swap A set of transactions in which a firm buys a country's dollar bank debt at a discount and swaps this debt with the central bank for local currency that it can use to acquire local equity. Also called a debt-equity swap. with REIT's, direct debt, and the acquisition of performing and non-performing debt pools. Prior to joining Bankers Trust, he was witht he Chase Manhattan Mortgage and Realty Trust, a real estate investment trust. He also has a background in property development and construction. A 1967 graduate of the University of Pennsylvania's Wharton School of Finance and Commerce, Marron holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies Degree in Economics. He is a member of the Urban Land Institute, 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 , the Mortgage Bankers Association, and the Young Men/Women's Real Estate Association. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion