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Firm announces formation of new investment arm.

Structure Tone, Inc., one of the nation's largest full-service construction management firms, announced the formation of Structure Tone Equities, a division of the company that co-invests equity in real estate private equity investment opportunities alongside its clients and experienced real estate investors and developers.

James Donaghy, chairman of the 35-year-old, privately held company privately held company

A firm whose shares are held within a relatively small circle of owners and are not traded publicly.
, made the announcement.

"Structure Tone approaches every project as an opportunity to partner with our clients, and Structure Tone Equities enables us to truly align our goals for the success of the project," Donaghy said. "We have the capital, the experience, the management team, the relationships and the property expertise to be the value-added partner of choice."

The value of Structure Tone Equities, Donaghy said, is in the company's ability to leverage its 35 years of industry-leading construction management expertise and relationships to bring unique contributions to the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , planning, scheduling, pricing, purchasing, and construction of value-add investment opportunities.

Structure Tone Equities will focus on co-investment in situations involving the development, renovation and/or reposition of assets.

Donaghy also announced the appointment of Geoffrey R. Smith as vice president and executive-in-charge of identifying, evaluating and overseeing the company's investment activity.

Most recently, Smith served as vicepresident of Boston Properties Boston Properties, Inc. (NYSE: BXP) is a self-managed real estate investment trust (REIT) based in Boston, Massachusetts. Its primary focus is "Class A" office space which it acquires, develops, and manages in the major markets of Boston, New York City, Washington, D.C. , Inc., where he managed the company's development activity in the 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
 region, including the development of 5 Times Square and Times

Square Tower, totaling over 2.3 million square feet of Class A office space. Smith holds an MBA MBA
Master of Business Administration

Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration
 from the Kenan-Flagler Business School The Kenan-Flagler Business School at the University of North Carolina at Chapel Hill serves the community as a world-renowned business education institution. History  at University of North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures

Area, 52,586 sq mi (136,198 sq km). Pop.
, and a Bachelor of Arts in Economics from University of North Carolina.

"Geoff brings excellent investment, management and analysis skills to his leadership role at Structure Tone Equities," Donaghy said. "He and I will work closely to make Structure Tone Equities a valuable investment partner for our clients."

"I look forward to working with the Structure Tone team and clients to identify investment opportunities across all product types that will allow us to use our many strengths to enhance the properties and our relationships," Smith said
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Title Annotation:FINANCE
Author:Smith, Geoffrey
Publication:Real Estate Weekly
Date:Oct 4, 2006
Previous Article:$17m closed by ARCS.
Next Article:Private equity company relocates to Stamford.

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