NEW YORK CITY—Madison International Realty has promoted Christopher Mendez and Evan Cohen to director from VP, assuming joint responsibility for Madison's investment sourcing and business development activities in the US., in addition to their existing roles in investment underwriting and execution.

Mendez joined Madison as an associate in 2009 and was named VP 2011.  Cohen joined Madison as an analyst in 2007 and was appointed VP in 2013.  Both have been involved for some time in all aspects of transaction sourcing, underwriting and execution in Madison's target U.S. investment markets, says Ronald Dickerman, Madison founder and president.

“I am delighted to formally recognize two highly talented executives who have shown unusual proficiency in moving our investment business forward while maintaining the key elements of Madison's class A direct secondary strategy, which focuses on replacing capital partners seeking exit strategies and providing joint venture equity to sponsors,” he says.

Before joining Madison, Mendez worked for Morgan Stanley Real Estate, where he was engaged in both investment banking and investing transactions. He also served with IBM Business Consulting Services, formerly PricewaterhouseCoopers, where he specialized in financial and risk modeling for federal government agencies, including the Federal Housing Administration and the United States Postal Service. 

Prior to Madison, Cohen was an analyst with Metropolitan Real Estate Investors, where he was responsible for the underwriting analysis, due diligence and assistance in structuring of over $700 million of office acquisitions in Midtown. Previously, at Rockrose Development Corp., he worked on the acquisition and disposition of over $860 million of office buildings in New York City and Washington, DC.  

Madison International Realty specializes in acquiring partial ownership and joint venture interests in class A properties and portfolios in primary markets in the US, UK and Western Europe. The firm also provides joint venture equity to owners, sponsors and investors who are seeking to monetize existing equity positions, restructure balance sheets, or to replace existing capital partners. 

Madison recently announced the final closing of its latest fund, Madison International Real Estate Liquidity Fund V, LP (Madison V) with $825 million of equity commitments from a global roster of international investors, exceeding its $750 million target. Madison V has already deployed approximately 40% of its capital commitments, about $340 million, in prime assets including One California Plaza in Los Angeles, the Saks Fifth Avenue retail store in San Francisco, Songbird Estates Plc, which controls London's Canary Wharf, and the Statoil Office Complex in Oslo, Norway.