NEW YORK, Jan. 26, 2012 /PRNewswire/ -- Guterman Westwood Partners LLC, a joint venture of Guterman Partners LLC, Westwood Capital Holdings LLC, and Miller Analytics, LLC is pleased to announce the launch of a community conversion resource, www.stpcvfacts.org, for the tenants of Stuyvesant Town & Peter Cooper Village. This resource will help empower residents as they seek to protect the long-term stability and affordability of their community as it is transformed to resident ownership. Most importantly, it will provide an informative, educational, and transparent exchange of ideas as the residents of Stuyvesant Town & Peter Cooper Village debate the nature of that transformation.
Guterman Westwood Partners aims to foster a successful working relationship with the residents of Stuyvesant Town & Peter Cooper Village. The co-op conversion plan proposed by Guterman Westwood Partners details and addresses many of the concerns that residents have about the future of Stuyvesant Town & Peter Cooper Village. The firm's goal is to work with the tenants, as well as the broader public, in continuing the tradition of reasonably priced housing and strong community atmosphere that has been present at the property since its founding.
The www.stpcvfacts.org website offers straightforward answers to the tough questions that community residents have been raising and talking about for years. It provides background information on Guterman Westwood Partners and provides a forum for resident and public inquiry regarding the conversion process, and the firm's intended participation therein. Guterman Westwood Partners believes that no conversion of the community can or should occur without the support of the vast majority of its current residents.
Gerald Guterman, Managing Partner of Guterman Partners and one of the most experienced residential property professionals in the City of New York, notes, "When the details of our plan are objectively compared with plans suggested by others, residents will recognize that our firm aims to produce the best value possible for the community in an orderly and efficient conversion process." "Of course, no one other than the mortgagees control the property at this stage. But when the mortgagees' disposition process proceeds later this year, we will be deeply involved as a strong voice for the residents of the Stuyvesant Town & Peter Cooper Village community, with the backing and commitment to see an acquisition and conversion through for the mutual benefit of our firm and the residents," Guterman added.
Guterman Partners LLC, together with predecessors and affiliates, is one of most experienced cooperative and condominium converters of New York City multi-family rental properties. The firm and its predecessors have converted approximately 11,000 apartments to cooperative and condominium ownership and have owned or directed the management of more than 60,000 New York cooperative, condominium, and rental units over the course of its history. The majority of its, and Gerald Guterman's, operational background has been in rent stabilized housing and middle-market condominium and cooperative developments.
Westwood Capital Holding, LLC is the parent company of a group of financial services affiliates, including Westwood Capital, LLC (member FINRA), Westwood Capital (Asia) Limited, Westwood Capital Advisors, LLC, and others. The Westwood group was founded in 1995 and provides investment banking and financial advisory services in the Americas, East Asia, the Middle East, and Europe. The group is headquartered in New York City.
Miller Analytics, LLC is a company controlled by residential real estate expert Jonathan J. Miller, a partner in Miller Samuel Inc., a real estate appraisal firm established in 1986. Miller Samuel provides appraisal and consulting services on residential property throughout the New York City area to financial institutions, law firms, developers, co-op and condo boards, real estate firms, and others.
Walek & Associates
SOURCE Guterman Westwood Partners LLC