NEW YORK, Jan. 21 /PRNewswire/ -- A Kuwait-based public company sponsored by one of the largest merchant families in the Middle East, with annual sales in excess of U.S. $5 billion, in partnership with several global investment professionals, has announced the formation of Eastbridge Al Mal Holdings Ltd.
With offices in New York City, Dubai and Kuwait, Eastbridge Al Mal's real estate activities will principally be focused on opportunistic investments in high quality, income producing commercial real estate assets in major U.S. cities with local operating partners who require additional equity capital for direct real estate investments, debt and securities.
Rick H. Singer, a 25-year veteran of the real estate industry and a founding partner of Eastbridge Al Mal, will serve as chief executive officer of all real estate-related entities. Throughout his distinguished career, Singer has served in senior leadership positions at several investment firms, including 10 years as the head of global real estate at Salomon Brothers Inc.
"We are excited to announce this venture at a time of tremendous opportunity in the real estate marketplace," said Singer. "While the current global capital dislocation and re-pricing of assets have forced many firms to restructure and curtail investments, this new venture will position our firm as one of the most active investors in the marketplace."
Edward E. Hamilton, also a principal of the firm, will head business development and capital efforts from Eastbridge Al Mal's New York City office. Eastbridge Al Mal will additionally be focused on investments in the energy sector. This effort will be lead by Walter F. Brandhuber and Nabil Al-Sabih out of the Middle East.
About Eastbridge Al Mal Holdings Ltd.
Eastbridge Al Mal Holdings Ltd., capitalized by a Kuwait public company, is a venture between senior real estate and energy investment professionals and the Al Mal Investment Company – a listed corporation whose controlling shareholder is one of the largest conglomerates in the Middle East and North Africa (MENA) region.
For more information please visit the Web site at www.eastbridgealmal.com.
SOURCE Eastbridge Al Mal Holdings Ltd.