Pembrook Actively Seeking to Deploy Up to $500 Million

Fri Jul 10, 2009 7:50am EDT
 
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The Pembrook Group Is Actively Searching for Lending Opportunities in
Commercial Real Estate

NEW YORK, July 10 /PRNewswire/ -- The Pembrook Group, LLC ("Pembrook"), a
commercial real estate debt investment management company with a core focus on
community-based real estate finance, is seeking to deploy up to $500 million
over the next 24 months for commercial real estate debt opportunities within
primary, gateway, and urban markets, and other infill locations with high
barriers to entry.

"The ongoing credit market dislocation has created compelling opportunities
for lenders," said Stuart Boesky, Founder and CEO of Pembrook. "I believe that
Pembrook can capture extraordinary value for our investors, while maintaining
stringent underwriting and core investment parameters." 

Pembrook originates and acquires commercial real estate debt in the form of
first mortgages, participating first mortgage loans, B-notes, and mezzanine
loans in major markets across the United States. Target asset classes are
multifamily, retail, and multi-tenant office, medical office and warehouse /
distribution properties with well-diversified tenancy. Pembrook also
participates in the distressed debt markets and will venture with developers
buying back their own debt or third-party debt. 

Mr. Boesky went on to add, "The prolonged credit crisis is putting intense
pressure on owners of fundamentally sound commercial real estate, as they deal
with problematic capital structures resulting from tighter credit standards
and falling real estate values. We foresee tremendous opportunities for those
investors who are patient and well-capitalized."  

Pembrook, founded in March of 2007, has approximately $260 million of assets
under management and has made investments in CA, FL, GA, LA, NY, NJ, PA, and
WI, the majority of which have community development attributes. 

The Pembrook Group is a commercial real estate investment management and
development company that provides capital to developers and owners of real
estate on a national basis through the acquisition and/or origination of real
estate debt and equity. The company also seeks to serve as a pioneer in
community investments, providing capital to underserved property sectors and
underserved geographic locations such as assets in urban locations, and
affordable housing. Through Pembrook Community Capital, Pembrook also focuses
on additional community-related opportunities such as New Market Tax Credits
and Clean Energy Finance. The firm was founded by Stuart J. Boesky, the former
Chief Executive Officer of CharterMac (now Centerline Capital Group), who led
that firm to become one of the largest real estate financial services firms in
the nation. Pembrook is engaged in an ongoing strategic partnership with
Mariner Investment Group, LLC, a major institutional Investment Advisor
focused primarily on alternative investment strategies that along with its
affiliates manages more than $10 billion in assets.

    Contact:

    John Garth
    Managing Director
    T: 646-388-5938
    F: 646-388-5907
    jgarth@pembrookgroup.com
    http://www.pembrookgroup.com



This release was issued through eReleases(TM).  For more information, visit
http://www.ereleases.com.  

SOURCE  The Pembrook Group, LLC

John Garth, Managing Director of The Pembrook Group, LLC, +1-646-388-5938, or
Fax, +1-646-388-5907, jgarth@pembrookgroup.com

 

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