| Team Experience |
The Parallel senior management team has extensive experience in four key disciplines:
|
 |
Asset Management and Workouts
|
| |
Recent assignments include more than $1 billion of whole loans, B notes, mezzanine loans, real property and projects under development
Previously managed distressed asset resolution of more than $1.7 billion including REO, debt restructures and distressed debt sales
|
|
Ownership and management
|
| |
Ownership and/or management of real estate including:
| 5,000+ apartment units |
| 5.7 million square feet of office space |
| 6.5 million square feet of industrial and telecom space |
| Numerous hotel, retail and student housing projects |
|
| |
Full project development experience including management of the approval process, delivery of completed projects, major renovations, environmental remediation and project finance
|
|
Investment Management
|
| |
Acquired in excess of $14 billion of commercial real estate (44% North America, 32% Europe, 12% Australasia, 11% UK)
Invested over $7 billion of equity
Established and managed a real estate investment management business at a financial institution with over $1.5 billion in committed equity invested in
$3 billion of commercial real estate
|
|
Lending and Capital markets
|
| |
Formulated and executed acquisition strategy of a major financial institution; resulted in highly profitable purchase of over $750 million of undervalued CMBS
Provided consulting, valuation and underwriting services on over 1,000 loans to CMBS lenders and the purchasers of the most junior tranches of CMBS (“B Piece” buyers), with a value in excess of $20 billion
Originated and purchased over $2.5 billion of loans and CMBS through creation and ownership of one of the first CMBS conduits
Structured and underwrote over $3 billion of financings for local operators, private equity firms and institutional owners of real estate
|
