Andrew Farkas, founder and CEO of Island Capital Group, was recently recognized for his excellence in managing the versatile international real estate merchant bank. Ranking 16th on Commercial Observer’s 7th Annual Power 100 list, Farkas has clearly come a long way since his days of buying up distressed properties in the nineties. In February he was ranked #13 in Mortgage Observer’s “50 Most Important People in Commercial Real Estate Finance” and is also the chairman and chief executive of C-III Capital Partners. C-III Capital is a Texas-based affiliate of Island Capital Group and its largest subsidiary.
C-III Capital nearly doubled its invested capital in 2013 (to $3.6 billion) and controls one of the largest commercial mortgage servicers in the country, C-III Asset Management. It also ranked highly on several commercial and multifamily servicing volume surveys conducted by the Mortgage Bankers Association. According to The National Multi Housing Council, U.S. Residential Group LLC, a fee-based multifamily management company affiliated with C-III, is one of the top apartment management companies in the country.
In 2012, C-III Capital Partners acquired NAI Global, the world’s largest network of owner operated commercial real estate firms. Just two years later, NAI was ranked fifth in the 2014 Lipsey Survey of Top 25 Commercial Real Estate Brands. Through other subsidiaries, Island Capital Group oversees more than $3.7 billion of assets under management in real estate-related investment funds.Read More