NEW YORK, Oct. 19 /PRNewswire-FirstCall/ -- AllianceBernstein L.P. today announced that Adam Brooks has joined the firm as a managing director in the real estate investment group. He will work closely with group co-heads Brahm Cramer and Jay Nydick on the group's opportunistic investment strategy and other initiatives.
"We are delighted to have Adam on board," said Cramer. "He brings more than 15 years of diverse experience across a broad range of real estate debt and equity investment products, and his talents are a welcome addition to our team."
Prior to joining AllianceBernstein, Brooks was a managing director in the Real Estate Principal Investment Area at Goldman Sachs, where he was responsible for directing the real estate mezzanine debt investment platform, which invested more than $4.5 billion across multiple investment vehicles since 1998. He began his career as an analyst in the investment banking division of Salomon Brothers Inc. Brooks graduated from Princeton University with a bachelor's degree in economics.
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private clients in major world markets.
At September 30, 2010, AllianceBernstein Holding L.P. (NYSE : AB ) owned approximately 36.7% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 63.0% economic interest in AllianceBernstein.
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SOURCE AllianceBernstein Holding L.P.