Michael Casey Joins Skyrise Development Group as CFO of Real Estate Capital Fund.Skyrise Development Group Retains Michael Casey as CFO See Chief Financial Officer. of Florida-based, Real Estate Capital Fund, L.P. (SREC SREC Sri Ramakrishna Engineering College ) FORT LAUDERDALE, Fla. -- Michael Casey has joined Skyrise Development Group as Chief Financial Officer, according to David Houri houri (h  `rē, hou`–) [Arab.,=black-eyed], one of the beautiful maidens said by some Muslims to dwell in paradise for the enjoyment of the faithful. ,
President of the Florida-based real estate firm that owns, develops and
manages international commercial and residential properties. Mr. Casey
will direct the marketing, placement and management of private equity
funds of the parent corporation's recently launched real estate
equity fund - Skyrise Real Estate Capital, L.P. (SREC).
SREC has already begun a $30 Million minimum, $50 Million maximum raise, and is in discussions with several pension funds and institutional investors throughout North America and Canada. Although The Fund has preliminary commitments for the minimum raise amount, it is actively seeking additional partners. It will continue to partner with tier-one financial institutions in order to optimize 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 on an ongoing basis for development and permanent exit financing. SREC focuses on three areas of the market still experiencing high growth: new commercial office, multi-family / affordable housing and mixed-use developments. The parent company has also taken the lead in the use of "green friendly" technology in all of its new construction projects. The Fund's primary geographic focus is the Central and North Florida region, an area in which Skyrise has extensive experience. Mr. Casey brings to SREC more than eighteen years of senior finance and investment advisory experience. Prior to joining Skyrise, he was the CFO of Pioneer Commodities, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a successful energy trading firm that traded retail accounts on the NYMEX See New York Mercantile Exchange. NYMEX See New York Mercantile Exchange (NYM). and COMEX COMEX A division of the New York Mercantile Exchange (NYMEX). Formerly known as the Commodity Exchange, COMEX is the leading US market for metals futures and options trading. COMEX See New York Mercantile Exchange (NYM). exchanges in the crude oil, RBOB RBOB Reformulated Blendstock for Oxygenate Blending (gasoline production) and heating oil markets, as well as a variety of other markets. He has also served as Finance Member of HealthPrime Inc.'s Acquisitions & Due Diligence team, involved in acquisitions of approximately $60M over a two year period. Today, Skyrise Development Group's real estate properties and holdings span the nation. The Company's scope encompasses financing, acquisition, rezoning and conversions, development and construction. In addition to the U.S. activities, Skyrise Development Group operates active subcontracting divisions in Shanghai, China and Indore, India. For additional information on Skyrise Real Estate Capital contact Michael Casey at 954-712-9555. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion