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New Belfonti subsidiary enters NYC arena.



Michael Belfonti, President 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 Belfonti Associates, announced that his group has created a subsidiary, Belfonti Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, which will be based in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
.

The new company has just signed a lease with Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank  AG for office space at 31 West 52nd Street and will take occupancy immediately.

Belfonti Capital Partners, LLC will focus on acquiring larger real estate assets in conjunction with various institutional partners.

"In the past we have always funded transactions using our own capital," said Michael Belfonti, "but the move to 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
 arena and our new focus on acquiring significantly larger assets will require us to partner with institutions. Belfonti Capital Partners will also be seeking a wider array of product, including high-rise office buildings, commercial retail centers, and the conversion and development of luxury condominiums."

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Belfonti, the timing for his company's expansion into the New York Metropolitan real estate market is fortuitous. "Although we have owned properties in 14 states nationwide, including the East Coast, the Midwest, and the Southeast, the time is right to move into larger MSAs [Metropolitan Statistical Areas]. What better place to start than one of the largest, New York City? We are very excited about our new venture."

Belfonti will serve as the President and CEO of Belfonti Capital Partners, located in midtown Manhattan at the former headquarters of Deutsche Bank. The building is across from the newly renovated Museum of Modern Art and within walking distance of the 21 Club.
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Title Annotation:Finance
Publication:Real Estate Weekly
Geographic Code:4EUGE
Date:Mar 9, 2005
Words:250
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