Two new principals named at Ackman-Ziff RE Group.The Ackman-Ziff Real Estate Group announced that Russell Schildkraut and Patrick Hanlon were recently named principals of the firm. The two represent the firms first new principals since Simon Ziff was named principal over 10-years ago. With more than 15 years of experience at Ackman-Ziff, Patrick and Russell represent the new wave of investment which Ackman-Ziff has been making in its most valuable asset--its people. The firm has recently grown to over 30-professionals and strives to be the most team oriented real estate capital advisor in the industry. 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. the firm's president, Simon Ziff, "We continue our unique approach of leveraging off the firms 80 year rich history by attracting high value-add team professionals with the qualities to become a Principal. This allows us to consistently arrange the most cutting edge financing in the marketplace." Russell Schildkraut joined Ackman-Ziff in 1997. Russell is head of underwriting and loan placement and serves as a member of the firm's Executive Committee. Since joining the firm, Russell has successfully closed more than 160 transactions and over $4 billion of debt, mezzanine and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. . In March 2002, the Real Estate Board 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 presented Russell with its "Most Promising Commercial Salesperson of the Year" award for sound moral character and high ethical behavior, for demonstrating the ability to originate, analyze, negotiate and close deals, and for making a significant contribution to his firm's success. In 2004, Russell received the Real Estate Board on New York's "Most Ingenious Financing Deal of the Year" award for the financing of The Doral Park Avenue Hotel. Patrick Hanlon joined Ackman-Ziff in 2000. Patrick serves as a member of the firm's executive committee and is currently leading the firm's equity division. Patrick has successfully arranged in excess of $4 billion of joint venture equity, mezzanine 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 on 47 transactions throughout the 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. . Following in the footsteps of Principals Simon Ziff and Russell Schildkraut, Patrick was awarded the Real Estate Board of New York's Most Promising Salesperson of the Year Award in 2004, and along with Simon Ziff, was the recipient of the Edward S. Gordon Memorial Award for the financing of 522 5th Avenue. In addition to his position at Ackman-Ziff, Patrick is an Adjunct Professor at the New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the Real Estate Masters Program. The Ackman-Ziff Real Estate Group, 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. , is a national firm with offices in New York, Boston, Washington D.C., Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and Miami, specializing in debt, mezzanine and equity financing for commercial real estate. In 2005, the firm successfully arranged $4.2 billion of debt, mezzanine and equity capital for real estate transactions. |
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