NEW YORK, May 5, 2014 /PRNewswire/ -- Madison International Realty, a leading real estate private equity firm, announced that Christopher Mendez and Evan Cohen have been promoted to Director from Vice President, assuming joint responsibility for Madison's investment sourcing and business development activities in the U.S., in addition to their existing roles in investment underwriting and execution.
Mendez joined Madison as an associate in 2009 and was named Vice President in 2011. Cohen joined Madison as an analyst in 2007 and was appointed Vice President in 2013. Both have been involved for some time in all aspects of transaction sourcing, underwriting and execution in Madison's target U.S. investment markets, said Ronald M. Dickerman, Madison founder and president.
"I am delighted to formally recognize two highly talented executives who have shown unusual proficiency in moving our investment business forward while maintaining the key elements of Madison's class A direct secondary strategy, which focuses on replacing capital partners seeking exit strategies and providing joint venture equity to sponsors," Dickerman said.
Madison International Realty specializes in acquiring partial ownership and joint venture interests in class A properties and portfolios in primary markets in the U.S., U.K. and Western Europe. The firm also provides joint venture equity to owners, sponsors and investors who are seeking to monetize existing equity positions, restructure balance sheets, or to replace existing capital partners.
Madison recently announced the final closing of its latest fund, Madison International Real Estate Liquidity Fund V, LP (Madison V) with $825 million of equity commitments from a global roster of international investors, exceeding its $750 million target. Madison V has already deployed approximately 40% of its capital commitments, about $340 million, in prime assets including One California Plaza in Los Angeles, the Saks Fifth Avenue retail store in San Francisco, Songbird Estates Plc, which controls London's Canary Wharf, and the Statoil Office Complex in Oslo, Norway.
Prior to joining Madison, Mendez worked for Morgan Stanley Real Estate, where he was engaged in both investment banking and investing transactions. He also served with IBM Business Consulting Services, formerly PricewaterhouseCoopers, where he specialized in financial and risk modeling for federal government agencies, including the Federal Housing Administration and the United States Postal Service. Mendez received his BS from the School of Hotel Administration at Cornell University and his MBA from the Wharton School at the University of Pennsylvania. He is a CFA charterholder, CIPM certificant, and a member of the New York Society of Securities Analysts.
Prior to Madison, Cohen was an analyst with Metropolitan Real Estate Investors, where he was responsible for the underwriting analysis, due diligence and assistance in structuring of over $700 million of office acquisitions in Midtown Manhattan. Previously, at Rockrose Development Corp., he worked on the acquisition and disposition of over $860 million of office buildings in New York City and Washington, D.C. Cohen received a BA degree in Business Administration from Muhlenberg College.
About Madison International Realty
Madison International Realty (www.madisonint.com) is a leading liquidity provider to real estate investors worldwide. Madison provides joint venture and preferred equity capital for real estate owners and investors that are looking to de-lever their properties; seek an exit strategy; or where existing sponsors seek to sell a portion of their ownership position. The firm provides equity for recapitalizations, partner buyouts and capital infusions; and acquires joint venture, limited partner and co-investment interests as principals. Madison invests only in secondary transactions and focuses solely on existing properties and portfolios in the U.S., U.K., and Western Europe. Madison has offices in New York, London and Frankfurt, Germany, where the firm operates under the name of Madison Real Estate Beteiligungsgesellschaft mbH.
SOURCE Madison International Realty