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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 2002, the company has closed $3 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 Boca Raton, Florida. Hudson is a Minority Business Enterprise (MBE), reflecting a rich diversity within its leadership.

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Hudson Realty Capital LLC
250 Park Avenue South · Third Floor · New York, New York · 10003
Facts 2009

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 fund's 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, Hudson is a Minority Business Enterprise (MBE), reflecting a rich diversity within its leadership.

Since the formation of its initial two funds in 2002, the company has closed $3 billion in transactions. Hudson's objective is to create and manage a diversified portfolio of loans and real estate, with a long-range goal of generating high, risk-adjusted returns for its investors.

Headquartered in Manhattan, Hudson also maintains regional offices in Portland, Maine and Boca Raton, Florida.

Today's Market
At the core of Hudson's success is its due diligence, asset management and financial controls. Subscribing to a conservative, hands-on approach, the firm is focused primarily on acquiring or financing the purchase of distressed assets or portfolios of distressed assets. 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 in a rapidly changing real estate and business 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 in January 2003, overseeing new loan originations, business development and business relations. Mr. Garfield has been instrumental in spearheading the company's rise and dominance within the middle-market, opportunistic real estate investment arena. Before joining Hudson, Mr. Garfield spent 12 years in the real estate industry focusing on real estate investment and finance. 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, joined Hudson in March 2006 and is responsible for overseeing the company's in-depth underwriting and due diligence for all transactions. Previously, she was the founder and managing member of Questor, which has provided due diligence and underwriting services for more than $30 billion in non-performing and performing real estate loans, as well as real estate services to HUD, the GSA, FDIC, the U.S. Army and the State of Maine. 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.

Key Personnel
Sarah Suther, Director, joined Hudson in July 2007 and was instrumental is establishing the company's Florida branch office, which recently relocated from Miami to Boca Raton. She is responsible for sourcing, underwriting and conducting due diligence on debt and equity investments, with an emphasis on transactions in the southeastern United States. Previously, she served as Senior Portfolio Manager for Midland Loan Services, heading the firm's due diligence department and managing non-performing assets. She also served as a Senior Investment Analyst at Principal Commerce Acceptance. Ms. Suther received her B.A. degree, Cum Laude, from Jamestown College.

Website:  www.hudsonrealtycapital.com