New York, NY (PRWEB) August 26, 2008
Glenmere Capital Partners, LLC in collaboration with Katz Mortgage / Cunningham and Real Estate Advisory, has arranged a joint venture between the Companies Kibel, LLC and Toll Brothers, Inc. for the development of the East 303, rue 33e, a condominium of 12 storey green located in Manhattan’s Murray Hill neighborhood at the corner of Second Avenue.
Kibel chose to partner with Toll Brothers, which was compiled by Glenmere, due to its financial strength, experience and vast resources. Kibel assembled on site of approximately 17,500 square feet in recent years, and delivered to the joint venture fully prepared for construction to begin. Toll Brothers has been attracted by the will of the occasion.
construction has already begun and completion is expected in autumn 2009. The units will be marketed through Cantor Pecorella, Inc. beginning in summer 2008. For more information about visiting www.303e33.com property.
About Glenmere Capital Partners
, LLC
Glenmere Capital Partners, LLC advises commercial real estate owners, operators, developers and investors regarding the execution of all types of structured finance transactions. Glenmere Capital works in tandem with clients to understand the details of each transaction, and responds by engineering and implementing tailored capital solutions designed to increase yields and value. Glenmere Capital provides a single source for the underwriting, structure and property markets. longstanding relationships Glenmere Capital both debt and sources of equity financing to ensure prompt execution at the best conditions possible.
Glenmere Capital is currently capitalizing a private equity fund private equity investor in commercial real estate assets, side by side with its advisory services clientele. Glenmere Capital is the training in order to institutionalize the sponsor equity component of the capital stack, making the capital market more efficient. The resource unique leverage Glenmere Capital, including access to: many of the world’s largest real estate owners, operators and developers, real estate investment opportunities are not readily available on the market in general, and sources funding for all levels of real estate capital stack. The fund will invest primarily in the form of venture capital and preferred common. The fund’s investment objective is to maximize capital appreciation over time.
For more information about Glenmere Capital Partners, LLC, please contact Bryant Bernhardt or Ruth Barone at 212-542-8162, or visit www.glenmerecapital.com.
Contacts:
Ruth Barone
Ruth@glenmerecapital.com
212-542-8162 ext.11
D. Bryant
Bernhardt
Bryant@glenmerecapital.com
212-542-8162 ext.10
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