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Bank of America Adds John Perkins For Real Estate Investment Banking
NEW YORK, July 23 /PRNewswire/ -- Bank of America today announced that
John Perkins will join its market leading Real Estate Investment Banking
Group in September as a managing director with senior client coverage
responsibility. Perkins will be based in New York and will report to Ron
Sturzenegger, Global Head of the Real Estate Investment Banking Group.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050720/CLW086LOGO-b )
"John represents a continuation of our commitment to hiring the top
real estate investment banking talent in the industry and we look forward
to welcoming him," said Sturzenegger. "He brings a tremendous breadth of
real estate industry and regional market knowledge as well as product
expertise, and will serve an important senior leadership role on our New
York-based team."
Perkins joins Bank of America from JP Morgan Securities, where he has
worked for the last 12 years on a broad spectrum of M&A, equity and debt
capital-raising transactions for clients across the real estate, lodging
and gaming industries. Prior to beginning his investment banking career,
Perkins was an architect at Pei Cobb Freed & Partners in New York.
Perkins holds a master of science degree in real estate from the
Massachusetts Institute of Technology as well as architecture degrees from
Yale University and Pennsylvania State University.
Bank of America was the leading M&A advisor for announced U.S. real
estate M&A transactions in 2006, according to SDC. The firm's Real Estate
Group is also the leading M&A advisor year-to-date* on announced U.S. real
estate transactions based on dollar volume, according to SDC. Underscoring
its industry leadership, Bank of America served as an advisor to Blackstone
Real Estate Partners on its acquisition of Equity Office Properties Trust
for approximately $39 billion; to CNL Hotels & Resorts, Inc., on its
acquisition by Morgan Stanley Real Estate and sale of 51 hotel properties
to Ashford Hospitality in a transaction valued at $6.3 billion; and to
Inland Retail Real Estate Trust on its acquisition by Developers
Diversified Realty Corp. for approximately $6.2 billion.
* as of 7/13/07
Bank of America (NYSE: BAC) is one of the world's largest financial
institutions, serving individual consumers, small and middle market
businesses and large corporations with a full range of banking, investing,
asset management and other financial products and services. The company's
Global Corporate and Investment Banking group (GCIB) focuses on companies
with annual revenues of more than $2.5 million; middle-market and large
corporations; institutional investors; financial products and services. The
company's Global Corporate and Investment Banking group (GCIB) focuses on
companies with annual revenues of more than $2.5 million; middle-market and
large corporations; institutional investors; financial institutions; and
government entities. GCIB provides innovative services in M&A, equity and
debt capital raising, lending, trading, risk management, treasury
management and research. Bank of America serves clients in 175 countries
and has relationships with 98 percent of the U.S. Fortune 500 companies and
80 percent of the Global Fortune 500. Many of the bank's services to
corporate and institutional clients are provided through its U.S. and UK
subsidiaries, Banc of America Securities LLC and Banc of America Securities
Limited. For additional information, visit http://www.bankofamerica.com/
SOURCE Bank of America
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