EQUITY PLAYS; THE DEAL SHEET

May 10, 2011 | 8:00 am ET Staff Reporter

Ackman-Ziff has been active in arranging JVs throughout cycles, including plays on cap rate, financial engineering, and value-add operations. While cap rate plays are fewer and financial plays still possible, most investors are looking for distress and operational plays, says president Simon Ziff, who'll be speaking at Bisnow’s NY Investment Summit on May 17.

These strategies include repositioning assets, leasing up buildings, and cleaning up the debt stack, Simon says. Much of the equity placement has been in multifamily and hospitality: Ackman-Ziff recently conducted a $30M equity raise for a multifamily project in Pennsylvania and arranged $44M of equity for a Florida hotel. In NY, it’s placed acquisition loans for land, unsold condos, and even a deal for fellow panelist Billy Macklowe, CEO of William Macklowe Co. To hear about these deals and more, join Simon, Billy, Ladder Capital Finance prez Greta Guggenheim, Wheelock Street Capital managing partner Rick Kleeman, Meridian Capital Group CEO Ralph Herzka, MetLife head of real estate strategic initiatives Ken McIntyre, Dune Real Estate Partners partner Greg Rush, SL Green co-CIO David Schonbraun, Kirkland & Ellis senior partner Stephen Tomlinson, and NAI Bluestone Real Estate Capital chair Matthew McManus. Great networking too! Register here.

EQUITY PLAYS; THE DEAL SHEET

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