NEW YORK, Nov. 29, 2012 /PRNewswire/ -- United Realty announced today the appointment of Craig Eastmond - who has 20 years experience in originating, structuring, underwriting and executing commercial real estate and related transactions - to United Realty Capital as the Managing Director. He will be based in New York and report to Barry Funt, the president of United Realty Capital.
Having done over $10 billion of commercial real estate and related finance deals in numerous capacities, he has a demonstrated track record of executing all manner of real estate transactions from simple fixed rate permanent loans to complex highly structured transactions, such as preferred equity, CDOs and swaps. In addition to providing advisory, placement, corporate finance and investment banking services to United Realty, its affiliates, joint ventures and/or related third party accounts, Mr. Eastmond is responsible for originating and executing arbitrage opportunities in the commercial real estate and finance space.
"We are excited to grow United Realty Capital with the addition of Craig Eastmond," said Mr. Eli Verschleiser, Founder and President of United Realty Partners. "His successful track record of real estate transactions execution speaks for itself, and we feel his experience satisfies important criteria as we continue to move our group forward."
Prior to joining United Realty Capital, Mr. Eastmond was one of the founding Principals of Allegiance Investment Advisors, a boutique private equity and structured finance shop that executed over $750 million of commercial real estate and related debt transactions, and a Senior Vice President in charge of the Northeast Region of Deutsche Banks' Real Estate Mortgage Conduit.
About United Realty Partners
United Realty Partners was formed in January 2012 by veteran real estate investors Jacob Frydman and Eli Verschleiser. Based in New York, the firm advises on and invests in commercial real estate projects in markets poised to benefit from favorable demographic trends including growing populations and household incomes. The firm and its affiliates also seek opportunistic investments in distressed or underperforming properties that can benefit from repositioning, redevelopment and other value-enhancing initiatives. United Realty, through its affiliates, also sponsors SEC-registered Real Estate Investment Trusts (REITs) that allow outside investors to participate in the firm's investments.
Mr. Frydman and Mr. Verschleiser have invested in numerous types of commercial real estate from urban office buildings to suburban retail shopping centers and large apartment projects. They are responsible for over $7 billion in commercial real estate transactions including some of the most complex projects in the eastern U.S. For more information visit www.urpa.com or follow us on Twitter @United_Realty.
SOURCE United Realty Partners