NEW YORK, Sept. 28, 2016 /PRNewswire/ -- Amherst Capital Management LLC, a BNY Mellon investment boutique specializing in U.S. real estate, today announced the expansion of its commercial real estate ("CRE") lending business with the addition of Gabriel ("Gabe") Boyar to its Originations team. Boyar will serve as a Managing Director with a focus on sourcing senior loan opportunities on CRE assets nationwide.
Amherst Capital's vertically-integrated lending platform is led by a team of deeply experienced CRE professionals, the majority of whom have worked together for nearly a decade. This deep bench of industry expertise is underpinned by rigorous investment guidelines and enhanced by the firm's proprietary data and analytics platform.1 Boyar, who brings 26 years of real estate experience, will support and amplify the growth of Amherst Capital's CRE lending business.
"We welcome Gabe as a seasoned player in the commercial real estate space and someone who is able to hit the ground running," said Chris Kelly, Head of Commercial Real Estate Lending at Amherst Capital. "The expansion of our Originations team, with the strategic addition of Gabe, is intrinsic to our ability to establish meaningful relationships and grow our CRE loan portfolio."
Boyar most recently served as Founder and Managing Principal of Columbia River Capital Advisors, where he advised a large family office and third parties on equity and debt transactions. He previously held senior positions at CapitalSource and UBS.
"I am thrilled to join Amherst Capital and work with Chris and Abbe again," said Gabe Boyar, Managing Director, CRE Originations. "I look forward to fostering strategic partnerships with borrowers and the mortgage brokerage community in a collective effort to bolster Amherst Capital's growth."
Boyar will report to Abbe Franchot, Managing Director and Head of Originations, and will be based in New York City.
About Amherst Capital's CRE Lending Business Amherst Capital announced the launch of its CRE lending business in November 2015 when Chris Kelly and Abbe Franchot joined with four other professionals to oversee development of a vertically-integrated platform. Under the leadership of Kelly and Franchot, the platform is fully operational and active in the CRE lending space, with a focus on flexible senior debt solutions for experienced owners and investors of all commercial real estate assets. We offer a unique approach to evaluating and pricing CRE credits by linking our deep knowledge of fundamental real estate analysis and management with differentiated data and quantitative analytics. For more information on the CRE lending team, please contact Chris Kelly at [email protected] or 212-303-1597.
About Amherst Capital Management Amherst Capital Management LLC is a real estate investment specialist with approximately $6.3 billion2 of assets under management. Amherst Capital was established in 2014 as a majority-owned subsidiary of BNY Mellon, and is minority-owned by Amherst Holdings, LLC a financial services holding company with more than 10 year history of utilizing its mortgage expertise to assist clients in navigating the real estate capital markets. Amherst Holdings is not an affiliate of BNY Mellon. Texas Treasury Safekeeping Trust Company is a founding seed investor of Amherst Capital.3 Amherst Capital offers traditional and alternative real estate investment strategies to private and institutional investors globally. Amherst Capital's investment strategies are grounded in deep intellectual capital and proprietary technology designed to help clients meet their portfolio needs. For more information please visit www.amherstcapital.com
About BNY Mellon BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2016, BNY Mellon had $29.5 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
All information source BNY Mellon as of June 30, 2016. This press release is qualified for issuance in the US only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance.
1 Data and analytics provided by Amherst Insightlabs ("AIL"). Amherst Capital has an exclusive license with AIL in the asset management industry. AIL is an affiliate of Amherst Holdings, LLC
2 As of June 30, 2016. This amount includes $5.1 billion assets pertaining to certain discretionary multi -sector fixed income clients of our affiliate Standish Mellon Asset Management Company, LLC ("Standish"), for which certain Amherst Capital employees provide advice acting as dual officers of Standish. In addition, discretionary portfolios with approximately $447 million are managed by certain of our employees in their capacity as dual officers of The Dreyfus Corporation. AUM includes gross assets managed in the single family equity strategy, which includes $245 million of leverage.
3 Seed capital Investor. It is not known whether the listed client approves or disapproves of the adviser or the advisory services provided. BNY Mellon is not a guarantor of any investment managed by Amherst Capital.