DALLAS, Feb. 12, 2013 /PRNewswire/ -- Encore Enterprises, Inc., a Dallas-based real estate investment, development and management firm, is pleased to announce that Raymond Garfield, Greg Garfield and Stephen Moffett have joined Encore as leaders of Encore Garfield Public/Private, LLC. They will direct the firm's national public/private development and financing activities.
Prior to joining Encore, Ray and Greg Garfield were co-founders of Garfield Corporation and principals of Garfield Traub Development, LLC, a leading developer of public and public/private facilities. Steve Moffett was president of Garfield Traub's Hospitality Division. All are leaders in the development of essential public/private facilities, having led the development of convention centers, conference centers and headquarters hotels, performing arts centers, courthouses, schools, parking facilities and many other vital public/private buildings. Over the next three years, several public/private conference center hotel developments already awarded to Garfield Traub will be invested in by Encore Enterprises, Inc. and Encore's capital partners.
Encore Garfield Public/Private, with the collaboration of Encore Enterprises, will bring private equity and debt to cities, counties, states, universities, hospitals and K-12 schools to facilitate the efficient delivery of essential new capital projects. Encore Garfield will deliver these facilities using turnkey, streamlined development and financing methods.
"Our board of directors and management team has searched for the past three years to find a high-level entry for Encore into the public/private sector of the real estate business," said Patrick Barber, president and CEO of Encore Enterprises. "Having this experienced, respected and seasoned national team join us provides Encore the opportunity to invest its substantial capital assets in joint ventures with the public sector, and enables the Encore Garfield Public/Private Division the opportunity for unbridled growth."
Ray Garfield has held senior positions at Salomon Brothers, Merrill Lynch, Vista Properties and Cushman & Wakefield, completing over $5 billion in real estate financings and developments. Greg Garfield has led and participated in the development or planning of 30 properties and the negotiation and structuring of more than $570 million in debt and equity for creative public/private developments. Steve Moffett, formerly a financial officer with Trammell Crow Company, has led numerous public/private hotel financings and developments over the past 20 years, and will continue to lead the public/private hospitality initiative for Encore Garfield.
About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a privately owned national real estate investment company founded in 1999 with offices in Dallas, Texas, Denver, Colorado and Hong Kong. Encore develops, acquires, and manages hotels, multifamily communities, retail shopping centers, commercial offices, and public/private mixed-use developments. For more information about Encore Enterprises, Inc., visit www.encore.bz or call (214) 259-7000.
SOURCE Encore Enterprises, Inc.