NEW YORK, July 11, 2016 /PRNewswire/ -- Madison Realty Capital (MRC), an institutionally backed real estate private equity firm focused on real estate equity and debt investments in the middle markets, has announced the hiring of Andrew Salomon as Managing Director, Commercial Development. In this position, Mr. Salomon will oversee the management and expansion of MRC's growing pipeline of real estate development projects.
Brian Shatz, Co-Founder and Managing Member of MRC, made the announcement.
"The continued growth of our project pipeline in new and existing markets is crucial to the long-term success of the MRC brand. Andrew is the right person to lead this effort," said Mr. Shatz. "He brings knowledge and experience from all perspectives of commercial real estate development and is going to strengthen an already exceptional group of professionals at MRC. We are fortunate to add him to our team."
About Andrew Salomon
Mr. Salomon has over 15 years of experience in the commercial real estate development and investment profession. Prior to joining MRC, he served as Vice President of Development and Construction at Jamestown where he was responsible for the planning and implementation of strategic value enhancement and repositioning capital improvement projects within the firm's NYC portfolio. His project work included the 300,000 SF vertical expansion of Chelsea Market and the Milk Studios Building extension, as well as work on other key projects including One Times Square and 325 Hudson. Andrew has also held positions with Madison Equities, Massey Knakal, and The Athena Group throughout his career and has served as Principal at Fayer Capital since 2009.
He holds a BA in International Relations from the University of Wisconsin-Madison and a Masters, Real Estate Development, from Columbia University.
About Madison Realty Capital (MRC)
MRC is a New York-based real estate investment firm that pursues real estate equity and debt investments in the middle market. Founded in 2004, MRC has invested in approximately $4.5 billion of transactions in the multifamily, retail, office, industrial and hotel sectors.
SOURCE Madison Realty Capital