BOUTIQUE CALL

EdgeRock Realty recently launched as an independent investment bank dedicated exclusively to the real estate sector, with David Lazarus as senior managing director. It's advising global real estate companies, owners, and institutional investors worldwide on M&A and divestiture transactions, private capital raising, and IPO and other capital markets strategies. David tells us when times were good, advice was not valued. With dramatic change, the idea of creating a boutique became more appealing.
Co-CEOs Bruce Schonbraun (above) and Stephen Waters merged their respective FTI Consulting and Compass Advisers expertise to start EdgeRock. When you’re not a Wall Street institution, David—a Lehman alum—says people feel more confident that their interests are being kept in mind. In the few weeks since its launch, it’s already in half a dozen engagements in the pre-IPO, general advisory, and private realm, he notes; adding, real estate is being recapitalized in the public market, and now we’re in the modern REIT era. He sees quite a few companies going public and dynamics at play again, similar to the early ‘90s.

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