NEWS ROOM
HOME
ABOUT US
SERVICES
OUR CLIENTS
RESOURCES
CONTACT US

 

Hudson Realty Capital LLC

Hudson Realty Capital LLC (Hudson) is a real estate fund manager with more than $2 billion of assets currently under management. Since the formation of its initial two funds in 2003, the company has closed $3.5 billion in transactions. Activities include originating, participating in, servicing, restructuring and/or acquiring high-yield, special situation debt and mezzanine loans. In addition, the company invests directly in real estate and the acquisition of under-performing real estate assets and other real estate-related instruments. Based in New York, the company maintains regional offices in Portland, Maine and Fort Myers, Florida. Hudson was established as a Minority Business Enterprise (MBE), reflecting a rich diversity within its leadership.

+ News Releases

+ Fact Sheet

Hudson Realty Capital LLC
250 Park Avenue South • Third Floor • New York, NY 10003
www.hudsoncap.com
Facts 2012

Media Contact:   Carin McDonald / (201) 796-7788 / carin@caryl.com

Company Description
Hudson Realty Capital LLC (Hudson) is a real estate fund manager with more than $2 billion of assets currently under management. The company's business strategy focuses on originating, purchasing, participating in, servicing and restructuring special-situation debt. In addition, Hudson invests directly in real estate and acquires under-performing assets and other real estate-related instruments.

Since the formation of its initial two funds in 2003, the company has closed more than $3.5 billion in transactions. In each investment, Hudson employs a disciplined risk management strategy in order to protect the downside and realize outsized risk-adjusted returns. The company invests in primary and secondary domestic markets and considers most asset types, including office, retail, industrial and multi-family.

Hudson was established as a Minority-Owned Business Enterprise (MBE) to reflect its rich diversity. Widely recognized within the commercial real estate, finance and business industries, the company has been named among the New York Area's largest privately held companies and largest minority-owned companies, as well as one of the Top 25 lenders nationally.

Headquartered in Manhattan, Hudson also maintains regional offices in Portland, Maine, and Fort Myers, Florida.

Today's Market
At the core of Hudson's success is its due diligence, asset management and financial controls. Subscribing to a conservative approach, the firm is focused primarily on acquiring or financing the purchase of distressed debt assets as well as originating middle-market bridge loans for value-added real estate transactions. By concentrating on fundamentals, Hudson is well-positioned to maximize the potential of its portfolio to achieve the highest value and performance, even in the most unpredictable economy.

Hudson's Professionals
Hudson Realty Capital's key executives are industry veterans who have experienced a wide range of real estate lending and investment cycles. Operating nationally in key geographic markets, and in an array of real estate disciplines, the firm's professionals continue to demonstrate expertise and flexibility while maintaining a disciplined investment strategy in a rapidly changing real estate climate. The firm's managing principals and key personnel each have a minimum of 15 years of experience.

Principals

Sanford Herrick, Managing Director and founding member, is responsible for raising capital, maintaining and developing relationships with investors, and overseeing Hudson's asset management. Prior to the formation of Hudson, Mr. Herrick was a co-founder and principal of SWH Funding Corp., as well as co-founder and principal of Realty Holdings of America, a real estate advisory firm engaged in asset management and the purchase of corporate sale/leaseback transactions. With more than two decades of experience, he also served as Senior Vice President at Integrated Resources, Inc. and as Vice President and Regional Manager at Citibank. Mr. Herrick, who received a Master of Architecture degree from Columbia University and a B.A. degree from Michigan State University, has originated, structured and managed over $5 billion of assets.

David Loo, Managing Director and founding member, focuses on transactions, business relations and operations, ensuring the origination of profitable business and strong partner relationships. Mr. Loo, an industry veteran, was a co-founder of Newbridge Realty Capital, one of Hudson's predecessor companies.  He was also a Managing Director at Credit Suisse First Boston (CSFB) where he co-established the Portfolio Bids Group, which acquired and managed over $3 billion of real estate assets. Previously, he served as CSFB's primary commercial mortgage whole loan trader and was an original member of the Praedium Recovery Funds/CSFB. He received his M.B.A. degree from the Wharton School at the University of Pennsylvania and his B.A. degree from Wesleyan University.

Richard Ortiz, Managing Director and founding member, concentrates on real estate valuation and acquisition analysis, business relations and portfolio management. Together with David Loo, he founded Newbridge Realty Capital and, as a Director at Credit Suisse First Boston (CSFB), co-formed the Portfolio Bids Group, which acquired and managed over $3 billion of real estate assets. Before joining CSFB, Mr. Ortiz was a Vice President at Kidder, Peabody & Co. and a Senior Consultant for Kenneth Leventhal & Co. He received his M.B.A. degree from the Stern School of Business at New York University and his B.S. degree from the University of Connecticut.

Michael Arman, Managing Director & Chief Financial Officer and founding member, is responsible for financial operations and oversight at Hudson. Prior to establishing the firm, he also was a founding member of Newbridge Realty Capital; served as a Vice President at Credit Suisse First Boston (CSFB); and as a member of CSFB's Portfolio Bids Group. In addition, he served as Portfolio Financial Manager for the J. E. Robert Companies and Operational Manager for a regional residential Re/Max broker. He began his career with Deloitte & Touche as a Staff Accountant. Mr. Arman received his M.B.A. degree from the University of Connecticut and his B.B.A. degree from Iona College. He is a Certified Public Accountant and a member of the AICPA.

Spencer Garfield, Managing Director, joined Hudson at its inception, overseeing all new loan originations, business development and business relation activities. Mr. Garfield has been instrumental in spearheading the company's rise and dominance within the middle-market, opportunistic real estate investment arena and has been directly responsible for closing originations in excess of $3.5 billion during his tenure. Prior to joining Hudson, he held the titles of Managing Director and President at a high-yield debt platform and a boutique investment banking firm, respectively. He received his Master's Degree in Real Estate Investment and Finance from New York University and his B.S. degree from the University of Colorado.

Renee Lewis, Managing Director, has been associated with Hudson Realty Capital LLC since its inception in 2002 and joined the firm as a principal in March 2006. Ms. Lewis spearheads the Asset Management Department where she is responsible for strategy and execution oversight on all of Hudson's debt and equity positions. Prior to joining Hudson, Ms. Lewis was the founder and president of Questor, where she spearheaded due diligence and underwriting services for more than $30 billion in non-performing and performing real estate loans involving thousands of individual properties and real estate portfolios on behalf of institutional investors. In addition, Questor provided adjunct asset management services for FDIC loan contracts as well as real estate consulting services to HUD, GSA and the U.S. Army. Prior to forming Questor, Ms. Lewis was a Marketing Manager for Fleet Financial's RECOLL division. She received her B.A. degree from Duke University.

###

+ Events

Website:  www.hudsonrealtycapital.com