4A — May 13 - 26, 2016 — M id A tlantic
Real Estate Journal
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M id A tlantic R eal E state J ournal Part of master of science, finance & investment program Castle Lanterra Properties’ Rieder addresses NYU class N EW YORK , NY — Elie Rieder of Castle Lanterra
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P r o p e r - ties (CLP) , offered his investment insight to a Real Estate Capital Mar- kets class at New Yo r k University
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Elie Rieder
(NYU). The class, taught by Adjunct Professor Constan- tine “Tino” Korologos, is part of NYU’s Schack Institute of Real Estate’s Master of Science, Finance and Invest- ment program.
“This class deals with capi- tal markets and deal struc- turing, and I was pleased
to be able to interact with the real estate investment industry’s leaders of tomor- row,” said Rieder, founder and CEO of the New York- based CLP. “I offered my insight on our firm’s recent transactions, focusing on deal metrics and investment over- views, followed by a question- and-answer session in which we discussed everything from CMBS loans, to preferred equity and creative ways to structure deals.” Rieder’s presentation fo- cused on such properties as 222 Saratoga in Baltimore; Watergate Pointe in Annapo- lis, MD; Stonegate Apart- ments and Villas Tech Ridge in Austin, TX; Harbor Pointe in Bayonne, NJ; Heights at Skyland in Tuscaloosa, AL.; River Park in Raritan, NJ; and Trantor Place in Staten Island, NY. For each, he pro- vided an overview, insight on the investment opportunity, the business plan and initial performance. And for Trantor Place (a fully realized deal), he recounted exit returns. “I invited him to share the practical perspective of eq- uity investors and how they access the capital markets,” said Korologos, who also serves as managing direc- tor of Situs , a diversified real estate organization. “He was very generous with his time—what was initially to be a one-hour presentation continued for more than two hours. “One of the highlights of the discussion was his candor in sharing not only his ‘wins,’ but also telling the students ‘what I did wrong and how I learned from it,” said Korolo- gos. “For the students, that really optimizes the learning experience. It’s all about in- tegrity and reputation, and those are the kinds of things students in a program like this need to hear.” n
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