LOS ANGELES, Aug. 3, 2011 /PRNewswire/ -- Resmark Equity Partners, LLC (Resmark) announced today the introduction of a new business name and the establishment of three related business divisions. Operating as The Resmark(SM) Companies, the organization will be comprised of Resmark Land and Housing, Resmark Apartment Living and Resmark Shopping Centers.
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The rebranding reflects Resmark's role as a full-service, fully integrated institutional real estate investment advisor, and the expansion of its activities across multiple platforms. Robert N. Goodman, the founder of Resmark, will serve as Chairman and Chief Executive Officer of The Resmark Companies.
Resmark Land and Housing, Resmark Apartment Living and Resmark Shopping Centers will finance, acquire, develop and manage real estate in California, the Western United States and other select major metropolitan markets nationwide.
Resmark Land and Housing activities include direct investments and joint ventures with high-quality homebuilder/developer partners in single-family attached and detached residential communities in the Western United States and select major metropolitan markets. R. Kent Grahl, formerly Executive Vice President and Chief Investment Officer at Resmark and an integral part of its success for many years, has been elevated to President of Resmark Land and Housing.
Resmark Apartment Living acquires, develops, owns and manages multifamily investments in select major metropolitan markets in California and the Western United States. The company develops new apartment communities in joint ventures or as direct investments, and opportunistically acquires and repositions existing properties. Ziv Cohen, Resmark's former Senior Vice President, has been appointed Chief Operating Officer of Resmark Apartment Living.
The newly formed Resmark Shopping Centers division will focus on the acquisition, development and redevelopment of power centers, an underserved niche asset class. Jack McGrory will lead the company as President. He is the former Chairman and CEO of Price Legacy and former CEO and Board Member of Price Enterprises, both publicly traded REITs. Mr. McGrory shares a 12-year working history with Goodman that includes co-investments in over 80 real estate ventures.
"Throughout one of the most volatile market cycles in history, Resmark has earned an impeccable reputation grounded in enduring partner alliances, superior products and strong financial performance. Our diligence, agility and passion for quality position The Resmark Companies and these newly defined operating divisions to more fully realize the goals of our investors and partners," said Goodman.
"We attribute this reputation to the strong relationships that we have built over the past 15 years, and appreciate our partners' role in our expansion into the multifamily and retail arenas. Today, our new company structure and branding better articulate the capabilities of Resmark's robust and accomplished team and we are confident that The Resmark Companies will continue realizing our partners' goals as the decade continues."
About The Resmark Companies
Founded in 1995, Resmark is a leading national private equity firm focused on real estate and powered by core foundational discipline and focus. A fully integrated real estate investment group, The Resmark Companies' divisions—Resmark Land and Housing, Resmark Apartment Living and Resmark Shopping Centers—finance, acquire, develop and manage real estate in California and the Western United States and other select major metropolitan markets nationwide. Resmark currently manages over $950 million in capital and has participated in more than 130 deals, encompassing more than 21,900 single-family and multifamily residential units and representing over $6 billion in cumulative and anticipated revenues. Headquartered in Los Angeles, Resmark also maintains corporate offices in San Diego and La Jolla. For additional information please visit www.resmark.com.
SOURCE Resmark Equity Partners, LLC
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