Real Estate Journal — Owners, Developers & Managers — June 23 - July 13, 2017 — 19B
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M id A tlantic
O wners , D evelopers & M anagers
ew Y o r k , N Y — Eastern Union Funding ’ s equi ty Raise more funds in a shorter timeframe using the same network of investors Eastern Union’s equity servicing division launches commission-free service to help owners raise equity N IRR for the same investment without having to take on more financial risk, making the in- vestment more attractive.
(LPs) the ability to syndicate their investments to their net- work of accredited friends and family, thereby maximizing investment potential. The commission-free service allows owners—acting as gen- eral partners (GPs)—to raise more funds in a shorter time- frame using the same network of investors with which they have an established relation- ship. Additionally, the LPs stand to profit more while in- vesting with their network of accredited friends and family rather than going solo. That means LPs can achieve a higher
investment thresholds. And, the accredited investors get to in- vest alongside an LP they know and trust, and with whom they share “skin in the game”. For the GP, LP Servicing can help bring in more equity through their current LPs with minimal effort and no additional costs. LP Servicing walks LPs through the entire process start to finish. Using its net- work of lawyers, LP Servicing provides detailed information and explanations about all legal issues, helps determine when to seek counsel, and makes legal compliance easier.
It also assists in establishing an LLC, drafting subscription agreements, managing Form D and state “blue sky” filings, and distributing returns. All third-party costs are shared proportionally with the accredited investors based on the dollar amounts invested. Accredited friends and family in the investment pay LP Servic- ing an annual administrative processing fee. When the ac- credited investors receive their principal back, LP Servicing will reduce the annual fee and the LP receives a 20% promote from the accredited investors. n
ELA Group, Inc. hires Madzelan as a sr. transportation manager Butler, PA — ELA Group, Inc. , engineers and landscape architects, of Lititz, State College and Butler, PA, welcomes Michelle Mad- zelan of York as a senior transportation manager in the Traffic and Transportation Services Division. Madzelan credited with expertise as a project manager, project marketing and budget man- agement, will focus on design and PennDOT permitting of community development projects, and transportation and highway improvement projects. Madzelan graduated from the University of Dayton (OH), with a B.S. in Civil Engineer- ing. She is a registered Profes- sional Engineer (PE) in PA, MD, OH and VA. Madzelan is a current events committee co-chair of the Central PA En- gineers Week Council and cur- rent director of membership services and section CPEWC representative for the Ameri- can Society of Civil Engineers, Central PA Section. n Benchmark promotes Abele Brownstown, PA — Benchmark Construction Company, Inc. has promoted Dan Abele to the position of project manager. Abele will oversee the daily operations of select projects including the Dickinson College High Street Residence Hall. Abele will be responsible for coordinating field and administrative activi- ties as well as ensuring all par- ties involved in the construc- tion process are working to serve the clients’ best interests. Abele holds a Bachelor of Civil Engineering degree from Penn State n servicing di- vision is in- troducing LP Servicing, an industry-first service that works hand- in-hand with r ea l es t a t e owners to give their current limited partners Ira Zlotowitz
“The service is a win-win-win for each party involved,” said Ira Zlotowitz , president of Eastern Union. “It also minimiz- es the difficulty and discomfort that can arise when doing busi- ness with friends and family.” Through LP Servicing’s structure, the LP gets another revenue stream, a strong in- vestment and better IRR. The accredited investors can ac- cess deals that may have been inaccessible due to minimum
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