Insignia forms new division.In a strategic move to enhance the real estate finance capabilities of its Capital Advisors Group, Insignia/ESG has launched a separate division called the Finance & Capital Markets Group. Newly promoted executive managing director Paul C. Dougherty, based in Insignia in·sig·ni·a also in·sig·ne
n. pl. insignia or in·sig·ni·as
1. A badge of office, rank, membership, or nationality; an emblem.
2. A distinguishing sign. ! ESG's Washington, D.C. office, will spearhead the new initiative as the group's national director.
The new group will raise capital for institutions, real estate investment trusts (REITs), real estate operating companies operating company
A business that engages in transactions with outsiders. (REOCs) and private investors. This will be achieved by initiating, negotiating and structuring joint ventures for public and private companies, and by raising equity and debt capital for clients through private offerings. Insignia is already providing these services to clients 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 , Washington, and major West Coast markets.
"The synergies that are generated through the efforts of Insignia! ESG's Finance & Capital Markets Group professionals, when combined with Insignia's Capital Advisors Group, which specializes in the sale of office, multifamily, retail, hospitality, and industrial properties, will provide our professionals extensive and unmatched internal and external reach," said Dougherty. "Our success will be further augmented by cross marketing opportunities with our leasing, property management, facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. and consulting divisions located in more than 50 United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. markets. Over the next two years, we plan to increase the size of the Finance & Capital Markets Group through strategic acquisitions of personnel and companies as well as internal growth."
Dougherty's immediate responsibilities will be to oversee and grow Insignia! ESG's financing activities across the country, to recruit additional professionals for this specialty, to seek new business opportunities, and to expand the firm's influence among lenders, developers and investors.
"We are very pleased to launch this new finance division which will greatly enhance the wide array of services we already offer clients," said Ron Uretta, president and chief operating officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Insignia/ESG, "Paul has over 15 years of experience in this specialty. We are confident he is the right person to head up, rollout and grow the Finance & Capital Markets Group throughout the U.S."
Formerly a senior managing director of Insignia's Capital Advisors Group, Dougherty specializes in the structuring and placement of joint venture equity and debt financing Debt Financing
When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay for investment-grade investment-grade
Of, relating to, or being a bond suitable for purchase by institutions under the prudent man rule. Investment-grade is restricted to those bonds graded BBB and above by Standard & Poor's and graded Baa3 and above by Moody's. , income-producing properties. He has been engaged in all aspects of real estate capital markets in the Washington D.C. metropolitan area since 1988. During his commercial real estate career, Dougherty has arranged over $4 billion in equity, and debt placements. Clients include regional and national real estate developers and institutional investors Institutional Investor
A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , national publicly-traded real estate companies, private real estate operating companies as well as individual investors.