The team will be located in the firm's New York City office and will report to Jonathan Geanakos and John Schoenfeld, co-heads of the real estate, lodging and leisure group. While at JP Morgan, Gordon and his team were primarily responsible for middle market investment sales and debt and equity real estate activity for non-public companies.
Geanakos tells GlobeSt.com that the company has worked with Gordon and his team for many years, pointing to an example when Houlihan co-advised JP Morgan as its client in two sale-leaseback transactions totaling nearly $800 million. "Gary and his colleagues possess unique expertise in both property and entity level real estate M&A, and a myriad of corporate finance assignments involving large, complex transactions."
Geanakos continues that "since they've been involved in investment sales, corporate real estate monetization, raising joint venture equity, and placing debt they perfectly combine with our existing real estate group professionals to expand our band width and accelerate Houlihan's objective of creating a diversified global real estate investment banking platform specifically targeting the middle market."
Geanakos tells GlobeSt.com that "the new team members will work on a variety of assignments. They will expand our coverage capabilities both in the US and Europe and allow us to expand our origination and execution capabilities. In addition, as further distress occurs in the real estate sector, our ability to expand our existing efforts in the restructuring sector with Houlihan Lokey's globally recognized and market leading Financial Restructuring Group, will expand our footprint and hopefully lead to further market share expansion."
Gordon joins Houlihan from JP Morgan where he was a managing director overseeing the real estate advisory group within real estate and lodging investment banking. He and his team were recently responsible for a number of marquee transactions including the sale of 650 Madison Ave. and 75 Wall St. in New York, as well as the sale of Newscorp's 23 acre mixed-use development site in Boston's financial district. He has also advised the Port Authority of New York on strategic options for the World Trade Center. Over the course of his career at JP Morgan, Gordon has advised on transactions in excess of $20 billion.
Kenyon, also from JP Morgan, was vice president of the group and has been involved in the execution of $12 billion of public and private real estate advisory assignments. Gillan was most recently a vice president at JP Morgan and has more than 20 years of experience in real estate in which he has advised on more than $5 billion in real estate transactions and portfolios. Mehta joins from JP Morgan where she was an associate with the group.
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