NEW YORK-Carlton Group has formed an international investment sales team to provide investment sales and services to its worldwide clientele.
Carlton Chairman Howard Michaels announced the move on Wednesday. The investment sales group will focus on Manhattan and other major cities throughout the United States and Europe. Assignments of $100 million or greater will be the focus of the investment sales division.
Joining Michaels on the investment sales team will be Carlton Hospitality president John Bralower, a top hospitality investment sales expert. In addition, senior investment banker, Javier Beltran, who runs Carlton's Iberian franchise will be a leader of the international investment sales team.
The trio has completed well over $100 billion of investment real estate sales and highly structured debt and equity offerings. Beltran has also just launched the exclusive sale of a seven hotel portfolio in the Canary Islands which generates close to $133 million (€100M) in revenues. Bralower is the exclusive sales adviser on two large European transactions representing over 3,000 hotel keys including Portugal's most famous hotel.
“We believe that we can provide a solid viable alternative for property owners who are looking for a totally independent and objective sales advisor which presently doesn't exist in the Manhattan market place today,” said Carlton Partner, Michael Campbell.
Several of the senior, elite Carlton capital raising specialists include: European specialist Mads Loewe, who speaks five languages; Frenchmen, Clement Guy, who formerly worked at Archon in Paris; Brian LeBlanc, who formerly worked at Alliance Bernstein; Robert Mudry, who previously worked at Drexel Burnham; and Jeff Kosow, who is a former developer with tremendous development expertise. Rounding out the team is Chase Chehade, who is Lebanese and covers UAE, Andrew Manton previously at Walter & Samuels and Chad Roberson.
The Carlton New York unit benefits from a worldwide practice which regularly transacts business throughout Europe and Asia connecting international investors who want to invest in Manhattan. The purpose of formalizing the international sales team is to provide the marketplace with a highly aggressive, sophisticated independent investment sales option to sellers who are looking to maximize proceeds through Carlton's 24/7 work ethic, access to its international relationships and its excellent negotiating prowess.
Michaels is one of the top advisory deal makers in Manhattan, having completed well over 40 million square feet of Manhattan transactions and is regularly on the shortlist to complete some of New York's biggest and highest profile transactions.
The Carlton Group Europe is an international real estate investment banking firm with offices throughout the United States and Europe. Founded in 1991, Carlton has consummated in excess of $100 billion in transactions. The Carlton European Division has one of the largest real estate private equity real estate capital markets intermediary teams in the world, whose executives have executed over $26 billion (€20B) in transactions throughout Europe.
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