Rob Wrzosek named President of new subsidiary
New York, NY - December 5, 2013 - Hunt Companies, Inc. announced today that Robert A. Wrzosek has been named President of the mortgage lending business of Centerline Holding Company, a recently acquired subsidiary of Hunt.
Previously, Mr. Wrzosek served on the Board of Directors of Walker & Dunlop a commercial real estate finance company, and held senior leadership positions in the Agency lending and tax credit syndication businesses of Credit Suisse Securities (USA) LLC. Prior to joining Credit Suisse, Mr. Wrzosek was a partner at Eichner & Norris PLLC, a Washington, D.C. based law firm.
Mr. Wrzosek received an LL.M. in taxation from Georgetown University Law Center, a J.D. from Duke University School of Law, and B.S. (finance) and B.A. (philosophy) degrees from Ithaca College.
"I am pleased to have someone with Rob`s skills and capabilities heading this newly acquired platform for Hunt," said Chris Hunt, President and COO of Hunt Companies, Inc. "Rob`s experience within the industry will provide great value as we integrate Centerline with the Hunt family of companies."
Mr. Wrzosek will serve on several Hunt governance boards and committees. Mr. Wrzosek is based in New York City.
About Centerline Capital Group
Centerline Capital Group, a real estate finance and asset management company, provides financing, investing and asset management services for affordable and conventional multifamily housing throughout the United States. Centerline is organized around three business units: Mortgage Banking, Affordable Housing Debt and Affordable Housing Investments. Under the Mortgage Banking and Affordable Housing Debt businesses, Centerline partners with developers, owners, and investors to provide them with capital to develop, acquire or redevelop their real estate assets. Centerline`s core debt products consist of Fannie Mae, Freddie Mac, or HUD/FHA financing. In addition, through several strategic alliances, Centerline offers various CMBS executions for multifamily and other commercial properties, bridge loans and select joint venture equity products. Today the firm`s lending platform manages and services more than $12.2 billion in loans, of which affordable housing makes up $3.1 billion. A leading sponsor of Low-Income Housing Tax Credit (LIHTC) funds, Centerline`s third business focuses on identifying and investing in affordable housing properties and managing those assets as a fiduciary for the fund investors throughout the asset`s and fund`s lives. Since inception, the firm has raised more than $10 billion in equity across 137 funds, and invested in over 1,600 assets spanning 47 states. Founded in 1972, Centerline is headquartered in New York City, with 221 employees in fourteen locations throughout the United States. To learn more about Centerline, visit www.centerline.com.
Hunt Companies, Inc. is a national developer, investor and manager of real assets. Founded in 1947 and headquartered in El Paso, Texas, Hunt has more than 1,200 employees across the United States. Together, Hunt and its affiliates have $24.8 billion in assets under management, including 278,408 multifamily units and 5.7 million square feet of office, retail and industrial properties. Hunt has also developed 89,000 housing units, over 1 million square feet of commercial space and thousands of acres of land.
Hunt has offices throughout the United States, including in Atlanta, Boston, Chicago, Columbia (SC), Dallas, Denver, El Paso, Honolulu, Los Angeles, Memphis, Miami, New York, Philadelphia, Sacramento, San Francisco and Washington D.C., and international offices in Abu Dhabi, London and Mexico City. To learn more about Hunt, please visit www.huntcompanies.com.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Centerline Holding Company (CharterMac) via GlobeNewswire