SOURCE: Binswanger

Binswanger

March 10, 2011 15:24 ET

Binswanger Announces the Formation of Binswanger Capital Group, LLC

NEW YORK, NY--(Marketwire - March 10, 2011) - Binswanger, the Philadelphia-based global real estate services firm, has announced the formation of Binswanger Capital Group, LLC for the purpose of acquiring real estate assets on a national and international basis.

Binswanger Capital Group, LLC ("BCG") will be headquartered in New York, NY and will be headed by David Binswanger as President and Chief Executive Officer. Jonathan Stern has been appointed to the position of Chief Operating Officer and Bob Boyle and Andrew Harris have been appointed to the positions of Managing Directors of BCG.

BCG is backed by a diverse group of investors ranging from high net worth individuals to family trusts and equity funds. BCG's initial acquisition criteria will be for all major asset types with a location criteria in or near metro US markets as well as commercial, industrial, and residential properties in Latin America with particular focus on Brazil.

"It is an opportune time for us to utilize the resources and experiences of our 80-year-old global organization to create value through strategic acquisition. We are excited about the advantages we can bring to bear for our capital sources," said Binswanger.

Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia.

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