Max Capital Management Corp. announces acquisition.Adam C. Hochfelder, president and chief executive officer of Max Capital Management Corp., announced his acquisition 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 City's premier independent commercial real estate ownership and investment company. Max Capital, co-founded by Hochfelder, has a portfolio which includes more than 7 million SF of premium Manhattan office buildings valued in excess of $2.5 billion, and a corporate infrastructure of more than 300 full-time professional employees. Hochfelder, who will now be the chairman and 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. of Max Capital, bought out his long-time partner N. Richard Kalikow (who previously served as the company's chairman.) The entire portfolio will remain with Hochfelder and Max Capital. "I am proud of what we have created in the last six years," Hochfelder said. "We will continue to look for prime acquisitions with the goal of enhancing value utilizing our institutional quality management. I have a clear vision for Max Capital, and I am committed to building on our successful track record." Max Capital was founded by Hochfelder and N. Richard Kalikow in 1996. Starting with a management portfolio of approximately 2,000 residences, Hochfelder leveraged long-standing relationships with RMB RMB Right Mouse Button RMB Regional Management Board (USACE) RMB Rolf Maier Bode (musician, band) RMB Ren Min Bi (currency of People's Republic of China) Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. , Inc., of Fort Worth Texas, Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and J.P. Morgan Chase to support Max Capital's artful art·ful adj. 1. Exhibiting art or skill: "The furniture is an artful blend of antiques and reproductions" Michael W. Robbins. 2. , aggressive commercial property acquisition campaign. Focused exclusively on key Manhattan office buildings, Max Capital's portfolio today includes the landmark 230 Park Ave., 237 Park Ave., 1440 Broadway, 450 West 33rd St. and 350 Madison Ave. Commenting on the change of ownership, an RMB Realty spokesperson said, "Adam has showed an ability to find value in under-performing assets, which fits well with our contrarian strategy of investing." |
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