Posted by admin on Aug 1, 2014
Island Capital Group is a leading real estate merchant bank, which specializes in real estate securities, real estate operating businesses and real estate investing. Island Capital Group is headquartered in New York City and was founded in May 2003 by Andrew Farkas. Farkas now serves as a Managing Member, Chairman, and Chief Executive Officer of Island Capital Group.
Island Capital Group controls different groups of real estate services companies. A few of these companies includes C-III Capital Partners, Anubis Advisors and Island Global Yachting. C-III Capital Partners is Island Capital Group’s largest subsidiary. C-III Asset Management LLC is a subsidiary of C-III Capital Partners. Applied Technology & Management, Inc. is a subsidiary of Island Global Yachting.
C-Bridge Capital was created in 2013 by Island Capital Group in order to expand ICG’s real estate business into the Asia Pacific region. ICG Realty LLC is a subsidiary of Island Capital Group, which provides real estate brokerage services.
Island Capital Group deals with a variety of different real estate related investments that offer the opportunity for risk-adjusted returns. This includes investments that are in equity and debt securities, real estate operating companies and real property.
Prior to founding Island Capital in 2003, Farkas was Chairman and CEO of Insignia Financial Group. Insignia Financial Group is a global real estate services company, which Farkas established in 1990. In July 2003, Insignia merged with CB Richard Ellis to create CBRE. The two companies together created the largest commercial property company in the world at the time.
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Posted by admin on May 19, 2014
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.
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Posted by admin on Apr 1, 2014
According to the Commercial Observer, Andrew Farkas ranks 13th on the list of the 50 Most Important People in Commercial Real Estate Finance. Farkas, who had an outstanding year, is the CEO of the versatile financial real estate firm C-III Capital Partners. C-III is based in Irving, Texas and is an affiliate of Island Capital Group, also run by Farkas. C-III nearly doubled its invested capital in 2012, upping the total to $3.6 billion through recent expansion efforts.
C-III Capital Partners has a full-service, multifamily management company called U.S. Residential Group LLC. Its management services area expanded into four new states this year, while its portfolio increased by more than 25 percent in the same period. C-III also boasts a fully invested Recovery Fund I, an oversubscribed $310M investment fund specializing in distressed assets. Lastly, according to surveys run by the Mortgage Bankers Association, C-III ranks near the top of several commercial and multifamily servicing lists.
Andrew Farkas founded Island Capital in May 2003 and continues to serve as both CEO and Chairman. He also currently serves as CEO at Anubis Advisors and Chairman at Island Global Yachting. Before founding Island Capital, Farkas served as Chairman and CEO of Insignia Financial Group, Inc., a global real estate services company that was merged with CB Richard Ellis in 2003. The merger resulted in the world’s largest commercial real estate services company at the time.
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