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AllianceBernstein Completes Spin-Off of R.E. Private Equity Group into New JV

Prospect Ridge Advisors will be led co-chief investment officers Brahm Cramer and Jay Nydick. Both Cramer and Nydick were most recently partners at AllianceBernstein and founded its US Real Estate Investments group in 2009 and its Commercial Real Estate Debt Group in 2013.

Brahm Cramer, co-chief investment officer, Prospect Ridge Advisors, LLC Brahm Cramer, co-chief investment officer, Prospect Ridge Advisors, LLC

NEW YORK CITY—The previously announced spinoff of AllianceBernstein’s Real Estate Private Equity Group into a separate joint venture has been finalized with the formation of the national real estate private equity firm Prospect Ridge Advisors, LLC.

Last July, AllianceBernstein announced the planned spinoff of its Real Estate Private Equity Group into a new joint venture. Prospect Ridge Advisors will be led co-chief investment officers Brahm Cramer and Jay Nydick. Both Cramer and Nydick were most recently partners at AllianceBernstein and founded its US Real Estate Investments Group in 2009 and its Commercial Real Estate Debt Group in 2013 after previously holding executive positions at Goldman Sachs.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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