Andrew Farkas Named to Commercial Observer’s Power 100

Posted by 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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Commercial Observer Names Andrew Farkas to Top 50 List

Posted by on Mar 5, 2013

Andrew Farkas was listed seventh on the Commercial Observer’s list of the top 50 most important people in commercial real estate finance. Farkas is CEO of C-III Capital Partners and was recognized for the acquisition of NAI Global, which was completed in January 2012. This acquisition gave C-III access to an additional 5,000 real estate professionals.

C-III Capital Partners offers real estate equity and debt solutions by engaging in a wide range of activities, including loan origination, primary and special loan servicing, principal investment and fund management. C-III has offices in Texas, New York, South Carolina, Virginia, Illinois and Tennessee.

The Observer considered brokers and lenders, but the majority of the professionals listed are lenders because they ultimately control the money and make the final deal happen. The list was compiled by speaking to people in the industry, consulting lists of top producers and looking at banks that are most active. Although not everyone on the list is based in New York, the focus is on the New York tristate region.

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