In order to maximize their engagement with the commercial market, LPE has recruited Eric Goldfarb, previously of Goldfarb Properties in New York, to head the fully funded platform. Senior VP Adam McNutt sees this collaboration as
"When we started thinking about this new line of investment we knew we needed to bring in someone with an extensive knowledge of the industry. Eric's 25+ years of commercial real estate experience will be key in allowing us to quickly and accurately evaluate the liquidation options of the hundreds of partners we hope to work with over the next several years. It's critical that we get our investors comfortable with the assets we acquire, and industry knowledge becomes key at that point; you simply can't survive in the minority acquisition market unless you can confidently understand the structure of each partnership and the value of the underlying assets."
Eric Goldfarb has said the following regarding this new collaboration with LPE:
"I am honored and excited to be a part of LP Equity for three primary reasons: first, LP Equity has a reputation for honor and integrity that is without repute; second, it is always satisfying and rewarding to be able to provide a service which offers real benefits to so many people; and third, the company has put everything in place, financially, to ensure a complete follow-through with this new venture. I believe success is best achieved by aligning yourself with the right people and I think we have done that here."
Although LPE has continually expanded the focus of its investment, the effort to bring opportunities to a diverse array of limited partners has remained constant, an effort that is facilitated by LPE's ever-growing and increasingly diverse portfolio. Summing it all up, Adam McNutt had this to say:
"You have to believe in your knowledge of a particular market, accept the risks, and then make meaningful proposals; we're not in the business of making frivolous offers, we're in the business of acquiring interests."
About LP Equity
LP Equity, LLC was formed in 2005 with the aim of creating a secondary market for otherwise illiquid limited partner interests. In the past 11 years LPE has completed transactions involving more than $50M in over 300 different partnerships, helping thousands of limited partners to simplify their finances and escape ongoing tax liabilities. With over 25 years of industry experience, the principles at LPE have become experts in the complex tax, government regulatory, and partnership issues that traditionally govern these transactions. With our extensive industry knowledge and long-term investment horizon, and with two modern offices run out of Washington, DC, and Wilmington, NC, respectively, we have never been in a better position to help LPs regain agency in their partnerships and realize immediate value on their decades-old investments.
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Adam McNutt [Senior Vice President]: email@example.com
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SOURCE LP Equity, LLC