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C&W enhances real estate/capital markets capability.

In a substantial move to enhance its capital markets and real estate investment banking capability, Cushman & Wakefield has announced that the real estate investment banking team led by Jeffrey Cooper and Jeffrey Baker has joined the firm.

Effective immediately, Cooper and Baker will hold the titles of senior directors of the firm's Financial Services Group.

With more than 35 years of combined real estate investment banking experience, Cooper and Baker have completed over $6 billion in transactions during their careers, and $450 million over the last 12 months alone.

The team of Cooper and Baker will work with a mandate to originate and execute large and more complex real estate transactions and organize the firm's acquisition, securitization and investment banking efforts.

"This move clearly demonstrates Cushman & Wakefield's commitment to remain a dominant full services real estate firm at a time when securitization and global capital markets access are becoming increasingly critical," said Thomas P. Falus, president of Cushman & Wakefield of New York, Inc. "Jeff Cooper and Jeff Baker are among the top real estate investment banking professionals in the industry, and will provide a new level of service to meet the needs of our clients into the 21st Century."

The team of Cooper and Baker have handled some of the largest and most complex transactions in real estate investment banking, including most recently the leveraged buy-out of Bell Atlantic's real estate investment subsidiary and the formation of a private UPREIT as the successor company. During their careers, they have completed a number of leading edge transactions, including the first retail offering of U.S. commercial mortgage-backed securities in Japan and the development of a sale-leaseback program with debt and attached warrants as a capitalization technique for leveraged buyouts.

Other recently completed assignments included the acquisition of CIGNA's former corporate headquarters in Philadelphia and the disposition of the Hyatt Regency Westshore Hotel in Tampa, FL on behalf of Dean Witter.

Jeffrey Cooper

Cooper is well known for his 18 years at Eastdil Realty, Inc., a real estate investment banking firm, where he most recently served as Executive Vice President and member of the management committee. He was responsible for initiating and overseeing Eastdil's venture with the Nomura Securities Company of Japan, which generated over $6 billion of securitized and syndicated financings. In addition, Cooper spearheaded Eastdil's efforts in the European capital markets through the firm's joint venture with Germany's Bayerische Vereinsbank.

As the former head of Eastdil's project finance group, Cooper was also responsible for overseeing the firm's financing and sale assignments.

As CEO of Eastdil's investment management activities, Cooper had overall responsibility for a $4.5 billion real estate portfolio in the U.S. and Europe. He also launched Eastdil Corporate Panners, a commingled pension fund investment vehicle, which provided sale-leaseback financing to companies involved in leverage buy-outs and invested in the equity of those companies.

Cooper's notable transactions involving the capitalization, sale or acquisition of real estate companies completed while at Eastdil included the corporate liquidation of Amterre Development Inc., a shopping center development company, and Food Fair Inc., a shopping center owner/operator; as well as real estate transactions and joint ventures with Paine Webber, Blyth Eastman Dillon, Nomura Securities Co., and O'Connor Realty Advisors, Inc.

Previously, he served as Executive Vice President and Chief Operating Officer of O'Connor Realty Advisors, Inc., a major real estate investment advisor for pension funds.

Cooper is a cum laude graduate of Columbia University School of Law and received an A.B. from Colgate University, where he was elected to Phi Beta Kappa. He is a member of the Urban Land Institute, the New York Real Estate Board, the American Bar Association, and the NYU Real Estate Round Table. He served to the rank of Captain in the United States Marine Corps Reserve.

Jeffrey Baker

Baker previously served as a Senior Vice President and shareholder of Eastdil Realty, where he was a senior member of the origination/structuring team which was responsible for conventional and securitized debt and equity acquisitions and financings aggregating more than $6 billion, completed in conjunction with Nomura Securities.

Some of his most notable transactions while at Eastdil included: Reverse Dual Currency Financing for Tower B, World Financial Center; debt and equity financing for 53 State Street, Boston; securitized participating debt financing for the Credit Lyonnais Building, 1301 Avenue of the Americas; securitized participating debt financing for the Chicago Mercantile Exchange complex; convertible mortgage financing for 919 Third Avenue, New York; Price Waterhouse's New York headquarters relocation; and the tax-free exchange in connection with the disposition of Unilever's Lipton Tea subsidiary headquarters building.

Baker also served as a senior officer of the real estate and commercial mortgage division of Nomura Securities International Inc., with responsibility for originating and structuring conventional and securitized debt and equity financings. Baker was a member of Nomura's REIT underwriting team, with responsibility for credit facility and secured/unsecured debt and equity commitments for public and private real estate operating companies.

Notable transactions completed on a principal basis while at Nomura included: MD II securitized REMIC financing; debt financing for Greenway Plaza, a 4.5 million square-foot suburban Houston office complex; secured debt financings for REITs including TriNet, First Washington and Kranzco Realty Trust; and credit facility commitments for public and private real estate operating companies.

Baker received his M.B.A. from the Wharton Business School; Masters degrees in Architecture and City Planning from the University of Pennsylvania; and a Bachelor of Environmental Design, magna cum lande from Miami University. Baker is a member of the Urban Land Institute and the New York Real Estate Board, and has been a frequent guest lecturer.
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Title Annotation:Cushman and Wakefield Inc.
Publication:Real Estate Weekly
Article Type:Company Profile
Date:Dec 10, 1997
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