Industry Veteran Jon Cohen Joins George Industries as President

 
 

Industry Veteran Jon Cohen Joins George Industries as President

August 17, 2018 08:00 AM Eastern Daylight Time

ENDICOTT, N.Y.--(BUSINESS WIRE)--George Industries LLC ("George"), a leading manufacturer of engineered aerospace, defense and industrial components and a portfolio company of Orangewood Partners ("Orangewood"), today announced it has named Jon Cohen, an industry veteran with more than 35 years of experience across the aerospace, defense and industrial sectors, as President. In this new role, Mr. Cohen will be responsible for all operations, including manufacturing sites in Endicott, NY and Wheeling, IL, and finance.

Shankar Kiru, George’s Chief Executive Officer, will focus on leading strategy, business development and external partnership relationships to accelerate both organic and acquisition growth.

Mr. Kiru said, “I’m delighted to be working with Jon and couldn’t be more excited about what we can accomplish together. Jon brings significant operational expertise, a proven track record of building businesses and will help us further improve our execution to continue to meet or exceed the expectations of our customers.”

Mr. Cohen added, “I am a product of this industry and passionate about what we are doing at George Industries, serving a blue chip customer base. I am excited about the company’s potential and look forward to continuing to develop our team and accelerate our growth.”

Alan Goldfarb, Founder and Managing Partner of Orangewood and Director of George Industries, said, “I’ve known and worked with both Shankar and Jon for over a decade, and I’m confident their complementary strengths will make a tremendous impact as we work to grow our enterprise further.”

Throughout his career, Mr. Cohen has held senior leadership and operational roles across several large companies, including Lockheed Martin, and several private equity-owned and operated companies including businesses recently owned by The Carlyle Group.

ABOUT GEORGE INDUSTRIES

George Industries is a recognized leader in the development, manufacture and testing of mission critical engineered components for the aerospace, defense, transportation and industrial sectors. Core manufacturing capabilities include dip brazing, vacuum brazing, CNC machining, fabricating, welding, painting, artwork, photography, silk screening, chem film, laser cutting and mechanical assembly. George Industries was founded in 1954 and proudly remains headquartered in Endicott, NY. George Industries also owns Numerical Precision, based in Wheeling, IL, highly respected over fifty years, with manufacturing close-tolerance, high-reliability components for satellites, aircraft and defense programs. Core engineering and machining capabilities include extreme tolerance, complex geometry and exotic material machining, EDM and assembly. For more information, please visit WWW.GEORGEINDUSTRIES.COM

ABOUT ORANGEWOOD

Orangewood Partners (“Orangewood”) is a New York-based private investment firm that pursues a long-term approach and invests in companies with great management teams and sustainable growth characteristics. The firm seeks to partner with businesses in the consumer, services and industrial sectors and helps provide them the additional capital, resources, and operational capabilities to accelerate performance. Orangewood makes equity and credit investments in both public and private companies. For more information, please visit WWW.ORANGEWOODPARTNERS.COM

Contacts

Media
Gasthalter & Co.
Nathaniel Garnick, 212-257-4170

Peaceable Street Capital Opens Chicago Office; Names Robert Nadler Executive Vice President & Managing Director

 
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Peaceable Street Capital Opens Chicago Office; Names Robert Nadler Executive Vice President & Managing Director

CHICAGO--(BUSINESS WIRE)--Peaceable Street Capital (“PSC” or the “Company”), a specialty finance platform focused on providing preferred equity capital to small and mid-sized income producing real estate in North America backed by Orangewood Partners and SunBridge Capital Management, today announced it has opened a Chicago office and named Rob Nadler as Executive Vice President and Managing Director. Mr. Nadler, based in Chicago, joins PSC's executive team alongside Co-Founder David Henry and Chief Executive Officer Fred Kurz.

“I am thrilled to be back working with both Dave and Fred and look forward to contributing to growth of our client and investor base. There is a real void in the marketplace that PSC is filling and the opportunities are bountiful.”

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Mr. Nadler has over 37 years of real estate experience and spent the last 20 years at Kimco Realty (NYSE: KIM), where he was the President of the Central Region, responsible for acquiring, developing and/or managing approximately 200 assets with over 30 million square feet and net operating income in excess of $180 million. Prior to Kimco, Mr. Nadler was with JMB Realty Corporation as Executive Vice President and Managing Director.

David Henry, Co-Founder of Peaceable Street, said, “I have worked closely with Rob for more than 15 years, and I am excited to have Rob join us in helping to grow Peaceable Street.”

Rob Nadler added, “I am thrilled to be back working with both Dave and Fred and look forward to contributing to growth of our client and investor base. There is a real void in the marketplace that PSC is filling and the opportunities are bountiful.”

Since launching in January 2016, PSC has completed 16 preferred equity real estate transactions in 28 unique properties across the U.S. and Canada with a combined value of almost $500 million across various sectors, including multi-family, self-storage, retail and RV parks.

About Peaceable Street Capital

Peaceable Street Capital (PSC), based in Philadelphia, PA and with offices in New York City, Toronto and Chicago, is a specialty finance platform focused on small and mid-sized income producing real estate in the United States and Canada. PSC is led by David Henry, former CEO of Kimco Realty Corporation (Kimco), and Fred Kurz, former General Manager of preferred equity investments at Kimco, and is backed by Orangewood Partners and SunBridge Capital Management. PSC targets preferred equity investments ranging from $1-$20 million per transaction across a broad range of real estate assets, including multi-family, office, self-storage, industrial, retail, mobile home parks, parking, health care and hotels. For more information, please visit www.peaceablestreet.com.

About Orangewood Partners

Orangewood Partners (“Orangewood”) is a New York-based private investment firm that pursues equity and credit investments in both public and private companies. Orangewood takes a long-term approach and invests in companies with great management teams and sustainable growth characteristics. The firm seeks to partner with businesses to help provide them the additional capital, resources, operational capabilities and expertise to generate long-term performance. For more information, please visit www.orangewoodpartners.com.

About SunBridge Capital Management, LLC

SunBridge Capital Management, LLC (“SunBridge”) is a privately held multi-strategy investment management firm formed with permanent capital and strategic support from the Bainum family. SunBridge employs a thematic research-based approach to investing in public and private companies across industries and verticals. SunBridge is focused on partnering with high-caliber management teams to invest in growth oriented businesses. With a base of permanent capital, SunBridge collaborates with management teams to grow companies that create long-term shareholder value. For more information, please visit www.sunbridgecap.com.

Contacts

Media:

Gasthalter & Co.
Jonathan Gasthalter/Nathaniel Garnick
212-257-4170

Orangewood Partners and ABDD Capital Acquire 24 Taco Bell Stores in Greater Louisville, Kentucky Market

 
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Orangewood Partners and ABDD Capital Acquire 24 Taco Bell Stores in Greater Louisville, Kentucky Market

LOUISVILLE, Ky.--(BUSINESS WIRE)--Orangewood Partners ("Orangewood") and ABDD Capital (“ABDD”) today announced they have formed a partnership and have acquired 24 Taco Bell Stores in the Greater Louisville, KY market. Financial Terms of the transaction were not disclosed.

Founded in 2009 and led by Judd and Erica Wishnow, ABDD currently operates 86 quick service restaurants in the United States. Under the partnership, ABDD’s management team will operate the stores. Orangewood and ABDD also intend to open new stores in existing markets and acquire additional stores in other markets.

Judd and Erica Wishnow, co-Founders of ABDD, stated, “We are thrilled to enter the Louisville market, which has deep ties to YUM! and Taco Bell. This is a high-quality portfolio of Taco Bell stores that has a fantastic team in place with a long track record of success, and we plan to deliver best-in-class service and true value to our customers for many years to come. We look forward to working with Orangewood to capture the tremendous opportunities ahead.”

Alan Goldfarb, Founder and Managing Partner of Orangewood added, “For nearly a decade, Judd and Erica have demonstrated the ability to successfully acquire and efficiently operate restaurants, and we are excited to partner with them and the entire ABDD team to grow the business. We are also excited to work with Taco Bell - a great company and an incredibly strong brand that has broad appeal and a very loyal customer base.”

Ropes & Gray LLP, Thompson Hine LLP, Fried, Frank Harris, Shriver & Jacobson LLP and Paris Ackerman LLP provided legal advice on this transaction.

About ABDD

Judd and Erica Wishnow Co-Founded ABDD Capital in 2009. The Company focuses on generating stable and consistent returns through the acquisition, development and operation of Quick Service Restaurants (“QSR”). ABDD Capital’s current QSR portfolio includes 86 Dunkin’ Donuts and Taco Bell locations in New York, New Jersey, Arizona and Kentucky.

About Orangewood

Orangewood Partners (“Orangewood”) is a New York-based private investment firm that pursues equity and credit investments in both public and private companies. Orangewood takes a long-term approach and invests in companies with great management teams and sustainable growth characteristics. The firm seeks to partner with businesses to help provide them the additional capital, resources, and operational capabilities and expertise to generate long-term performance. Orangewood was founded in 2015 by Alan Goldfarb, former Managing Director of Special Situations at Senator Investment Group and former Principal at The Carlyle Group. For more information, please visit www.orangewoodpartners.com.

Contacts

Gasthalter & Co.
Jonathan Gasthalter/Nathaniel Garnick
212-257-4170

George Industries Acquires Numerical Precision

 
 

George Industries Acquires Numerical Precision

January 17, 2018 08:00 AM Eastern Standard Time

ENDICOTT, N.Y.--(BUSINESS WIRE)--George Industries LLC ("George"), a leading designer and manufacturer of engineered aerospace, defense and industrial components and portfolio company of Orangewood Partners ("Orangewood"), today announced it has acquired the assets of Numerical Precision ("NP") from QCC, LLC (“QCC”). The acquisition of NP enhances George Industries' engineering and machining capabilities including complex geometry and exotic material machining.

Based in Wheeling, IL, NP has a 50 year history of manufacturing close-tolerance, high reliability components for satellites, aircraft and other aerospace and defense programs. NP will operate as a division of George, continuing its focus on engineering and machining excellence. NP’s management team and employees will all continue with the company going forward.

Shankar Kiru, CEO of George Industries, stated, "The acquisition of Numerical Precision represents an important step for the business as we continue to execute on our strategic plan to grow both organically and through acquisition to better service our customers. NP’s expertise in complex machining, including 5-axis, wire and sinker EDM and large turning capabilities complement George’s core capabilities in brazing and support services. As a combined company, we have an even stronger position as a leading full-service provider for our growing customer base.”

Ron Rygiel, Vice President and General Manager of Numerical Precision, said, "This is an exciting day for Numerical Precision and our talented employees. We look forward to working closely with Shankar Kiru and the George Industries team to deliver world-class service while maintaining our tradition of uncompromising quality. I am delighted to continue with NP and help the overall sales growth in this very important aerospace and defense industry. "

Alan Goldfarb, Founder and Managing Partner of Orangewood added, “We enjoyed working with QCC on this transaction and are thrilled to welcome Numerical Precision and its great team to George Industries. NP shares George’s culture of commitment to quality and customer service and is a fantastic complement to George as we continue to build our growing customer base and capabilities.”

Honigman Miller Schwartz and Cohn LLP served as legal advisor to George Industries.

About George Industries

George Industries is a recognized leader in the design, development and manufacture of mission critical engineered components for the aerospace, defense, transportation and industrial sectors. Core manufacturing capabilities include dip brazing, vacuum brazing, CNC machining, fabricating, welding, painting, artwork, photography, silk screening, laser cutting and mechanical assembly. George Industries was founded in 1954 and proudly remains headquartered in Endicott, NY. For more information, please visit www.georgeindustries.com.

About Numerical Precision

Numerical Precision, headquartered in Wheeling, IL, is a highly respected brand of fifty years, manufacturing close-tolerance, high-reliability components for satellites, aircraft and defense programs. Core engineering and machining capabilities include extreme tolerance, complex geometry and exotic material machining, EDM and assembly. For more information, please visit www.numericalprecision.com.

About Orangewood

Orangewood Partners (“Orangewood”) is a New York-based private investment firm that pursues equity and credit investments in both public and private companies. Orangewood takes a long-term approach and invests in companies with great management teams and sustainable growth characteristics. The firm seeks to partner with businesses to help provide them the additional capital, resources, and operational capabilities and expertise to generate long-term performance. Orangewood was founded in 2015 by Alan Goldfarb, former Managing Director of Special Situations at Senator Investment Group and former Principal at The Carlyle Group. For more information, please visit www.orangewoodpartners.com.

Contacts

Media: Gasthalter & Co.
             Jonathan Gasthalter/Nathaniel Garnick, 212-257-4170

Peaceable Street Capital Announces Allocation from an Insurance Company with Approximately $23 Billion in Assets

 
 

Peaceable Street Capital Announces Allocation from an Insurance Company with Approximately $23 Billion in Assets

Peaceable has Completed 18 Real Estate Investments Totaling Over $470 Million Since Inception

November 30, 2017 08:00 AM Eastern Standard Time

PHILADELPHIA--(BUSINESS WIRE)--Peaceable Street Capital (“PSC” or the “Company”), a specialty finance platform focused on providing preferred equity capital to small and mid-sized income producing real estate in North America, today announced it has received an allocation from a U.S.-based insurance company with approximately $23 billion in assets under management.

Since launching in January 2016, PSC has completed 18 preferred equity real estate transactions across the U.S. and Canada with a combined value of $470 million in various sectors, including multi-family, self-storage, retail and RV parks.

David Henry, Co-Founder of PSC, said, “Bringing in a great institutional partner provides us with substantial capital to continue scaling our North American investment portfolio. We believe this will be the first of many institutional partnerships for PSC as we continue to grow our business.”

Alan Goldfarb, Co-Founder of Peaceable Street and Founder and Managing Partner of Orangewood Partners, said, “PSC’s management team has built a strong portfolio of preferred equity investments. We are excited to bolster our institutional partnerships as we continue to identify attractive investment opportunities going forward.”

“Peaceable Street has demonstrated exceptional growth since its inception in January 2016,” stated Tim Peterson, Managing Director of SunBridge Capital Management, LLC. “This partnership with a best in class institutional investor enhances PSC’s capacity to realize opportunities from its growing pipeline and will further propel the Company’s growth.”

About Peaceable Street Capital
Peaceable Street Capital (PSC), based in Philadelphia, PA and with offices in New York City and Toronto, is a specialty finance platform focused on small and mid-sized income producing real estate in the United States and Canada. PSC is led by David Henry, former CEO of Kimco Realty Corporation (Kimco), and Fred Kurz, former General Manager of preferred equity investments at Kimco, and is backed by Orangewood Partners and SunBridge Capital Management. PSC targets preferred equity investments ranging from $1-$20 million per transaction across a broad range of real estate assets, including multi-family, office, self-storage, industrial, retail, mobile home parks, parking, health care and hotels. For more information, please visit www.peaceablestreet.com.

About Orangewood Partners
Orangewood Partners (“Orangewood”) is a New York-based private investment firm that pursues equity and credit investments in both public and private companies. Orangewood takes a long-term approach and invests in companies with great management teams and sustainable growth characteristics. The firm seeks to partner with businesses to help provide them the additional capital, resources, operational capabilities and expertise to generate long-term performance. Orangewood was founded in 2015 by Alan Goldfarb, former Managing Director of Special Situations at Senator Investment Group and former Principal at The Carlyle Group. For more information, please visit www.orangewoodpartners.com.

About SunBridge Capital Management, LLC
SunBridge Capital Management, LLC (“SunBridge”) is a privately held multi-strategy investment management firm formed with permanent capital and strategic support from the Bainum family.

SunBridge employs a thematic research-based approach to investing in public and private companies across industries and verticals. SunBridge is focused on partnering with high-caliber management teams to invest in growth oriented businesses. With a base of permanent capital, SunBridge collaborates with management teams to grow companies that create long-term shareholder value. For more information, please visit www.sunbridgecap.com.

Contacts

Media:
Gasthalter & Co.
Jonathan Gasthalter/Nathaniel Garnick, 212-257-4170

 

Peaceable Street Capital Receives Strategic Investment From SunBridge Capital

 
 

Peaceable Street Capital Receives Strategic Investment From SunBridge Capital

Firm Has Completed Eleven Investments In Commercial Real Estate Transactions Valued At Over $360 Million In First Year

Business Wire
12 January 2017

PHILADELPHIA--(BUSINESS WIRE)--Peaceable Street Capital (“PSC” or the “Company”), a specialty finance platform focused on small and mid-sized income producing real estate in North America, today announced the closing of a strategic investment from SunBridge Capital Management, LLC (“SunBridge Capital”) to accelerate PSC’s growth. Financial terms of the transaction were not disclosed.

PSC was co-founded by Alan Goldfarb’s Orangewood Partners and David B. Henry, former Vice-Chairman and CEO of Kimco Realty Corporation. Fred Kurz, former General Manager of preferred equity investments at Kimco and Kelly Smith, former Managing Director of Canada at Kimco, both long-time colleagues of Mr. Henry, are senior executives at PSC.

David Henry, Co-Founder of Peaceable Street, said, “We are thrilled to welcome SunBridge Capital as a partner as we continue to grow the business and our investment portfolio. SunBridge's deep real estate experience and contacts will help us expand our network of clients and relationships in both the United States and Canada."

Alan Goldfarb, Co-Founder of Peaceable Street and Founder and Managing Partner of Orangewood Partners, said, “We are pleased with the progress we’ve made in executing on Peaceable Street’s business plan in our first year, and the opportunities we see in front of us are tremendous. SunBridge Capital has a distinguished track record in building successful real estate businesses, and we look forward leveraging their expertise going forward.”

“We are excited to partner with an exceptional team in Peaceable Street Capital,” said Timothy B. Peterson, Managing Director of SunBridge Capital. “With vision and leadership from Dave Henry and Orangewood, the Company has assembled a high-quality portfolio and is poised to be the premier investment firm focused on small and mid-sized real estate assets. We look forward to working with the team to build on Peaceable Street’s success.”

Since inception in January 2016, PSC has completed eleven preferred equity transactions totaling $360 million in real estate across the multi-family, self-storage, retail and RV park sectors in the United States and Canada. All of these investments are in partnership with best-in-class operating partners, who have also invested equity into each of these transactions.

Fried, Frank, Harris, Shriver & Jacobson LLP and Reed Smith LLP served as legal advisors and Perella Weinberg Partners LP served as financial advisor to PSC on the transaction. Arent Fox LLP served as legal advisor to SunBridge Capital.

About Peaceable Street Capital

Peaceable Street Capital (PSC), based in Philadelphia, PA and with offices in New York City and Toronto, is a specialty finance platform focused on small and mid-sized income producing real estate in the United States and Canada. PSC is led by David Henry, former CEO of Kimco Realty Corporation (Kimco), and Fred Kurz, former General Manager of preferred equity investments at Kimco, and is backed by Orangewood Partners and SunBridge Capital Management. PSC targets preferred equity investments ranging from $1-$20 million per transaction across a broad range of real estate assets, including multi-family, office, self-storage, industrial, retail, mobile home parks, RV parks, parking, health care and hotels. For more information, please visit www.peaceablestreet.com.

About Orangewood Partners

Orangewood Partners (“Orangewood”) is a New York-based private investment firm that pursues equity and credit investments in both public and private companies. Orangewood takes a long-term approach and invests in companies with best-in-class management teams and sustainable growth characteristics. The firm seeks to partner with businesses to help provide them the additional capital, resources, and operational capabilities and expertise to generate long-term performance. Orangewood was founded in 2015 by Alan Goldfarb, former Managing Director of Special Situations at Senator Investment Group and former Principal at The Carlyle Group. For more information, please visit www.orangewoodpartners.com.

About SunBridge Capital Management, LLC

SunBridge Capital Management, LLC is a privately held multi-strategy investment management firm formed with permanent capital and strategic support from the Bainum family.

SunBridge employs a thematic research-based approach to investing in public and private companies across industries and verticals. SunBridge is focused on partnering with high-caliber management teams to invest in growth oriented businesses. With a base of permanent capital, SunBridge collaborates with management teams to grow companies that create long-term shareholder value. For more information, please visit www.sunbridgecap.com.

Contacts

Media:

Gasthalter & Co.
Jonathan Gasthalter/Nathaniel Garnick
212-257-4170

Orangewood Partners Acquires Majority Stake in George Industries

 
 

Founding Family Retains Significant Ownership; Shankar Kiru Named Chief Executive Officer

New York — October 18, 2016

Orangewood Partners (“Orangewood”), a private investment firm that invests in growth businesses and special situations, today announced that it has acquired a majority interest in George Industries LLC (“George Industries” or the “Company”), a leading designer and manufacturer of engineered components. The Company’s founding family, led by Mark and Dan Ciaravino, will retain a significant ownership stake. Seasoned industry executive, Shankar Kiru, has been named Chief Executive Officer, succeeding Mark Ciaravino, who will become a special advisor. Other members of the senior management team will remain with the Company. Terms of the transaction were not disclosed.

Founded in 1954 and headquartered in Endicott, New York, George Industries started as a machine and sheet metal fabrication shop and over the years expanded its capabilities to include vacuum and aluminum brazing. Today, the Company is a recognized leader in the design, development and manufacture of mission critical engineered components in the aerospace, defense, transportation and industrial end markets.

Mark Ciaravino, said, “We are thrilled that Orangewood recognizes George Industries’ significant, long-term growth potential and are excited to embark on the next phase of our evolution. We are also pleased that Shankar Kiru, a talented executive with deep industry experience and significant operational expertise, has agreed to lead the Company and drive our expansion plans forward. We are proud to be maintaining our operations in Endicott and remain committed to providing our employees with opportunities to grow their careers and delivering top-tier service and quality to all of our customers.”

Alan Goldfarb, Founder and Managing Partner of Orangewood, said, “George Industries has distinguished itself through an unwavering focus on quality and service to its many great customers and we are excited to partner with the George Industries family to help expand the business. We have great respect for the business and team the Ciaravino family has built over the past sixty years and fully intend to preserve the Company’s deep commitment to the Endicott community. Having worked closely with Shankar Kiru for more than a decade, I’m proud to have a proven leader with a stellar track record of success join George Industries as Chief Executive Officer.”

Shankar Kiru, Chief Executive Officer of George Industries said, “I could not be more delighted to build on the legacy of the Ciaravino family, and look forward to working with the George Industries team to establish a growth platform serving our world-class customers. We will continue to lead in innovation, while maintaining the highest standards of quality.”

Shankar Kiru has 25 years of manufacturing and leadership experience, including a strong focus in fabrication, machining and assembly operations for aerospace, defense and transportation sectors. He has a dual Masters in Manufacturing and Business from Kellogg, Northwestern University.

Fried, Frank, Harris, Shriver & Jacobson LLP and Honigman Miller Schwartz and Cohn LLP served as legal advisors and Jefferies LLC served as financial advisor to Orangewood Partners. Hinman, Howard & Kattell LLP served as legal advisor to George Industries.

About George Industries

George Industries is a recognized leader in the design, development and manufacture of mission critical engineered components for the aerospace, defense, transportation and industrial sectors. Core manufacturing capabilities include dip brazing, vacuum brazing, cnc machining, fabricating, welding, painting, artwork, photography, silk screening, laser cutting and mechanical assembly. George Industries was founded in 1954 and proudly remains headquartered in Endicott, NY. For more information, please visit www.georgeindustries.com.

About Orangewood Partners

Orangewood Partners (“Orangewood”) is a New York-based private investment firm that pursues equity and credit investments in both public and private companies. Orangewood takes a long-term approach and invests in companies with best-in-class management teams and sustainable growth characteristics. The firm seeks to partner with family-owned businesses to help provide them the additional capital, resources, and operational capabilities and expertise to generate long-term performance. Orangewood was founded in 2015 by Alan Goldfarb, former Managing Director of Special Situations at Senator Investment Group and former Principal at The Carlyle Group. For more information, please visit www.orangewoodpartners.com

Media Contacts:

Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co.
(212) 257-4170

Orangewood Partners and David B. Henry, Former Kimco Realty Corporation CEO, Launch Peaceable Street Capital

 
 

Specialty Finance Platform to Invest in Small and Mid-size Income Producing Real Estate in North America

Company has Completed Two Transactions

New York -- (BUSINESS WIRE)

Orangewood Partners (“Orangewood”), a private investment firm that invests in growth businesses and special situations, announced the launch of Peaceable Street Capital (“PSC” or the “Company”), a specialty finance platform focused on small and mid-sized income producing real estate in North America. PSC is led by David Henry, former Vice-Chairman and CEO of Kimco Realty Corporation (NYSE: KIM). Fred Kurz, former General Manager of preferred equity investments at Kimco and long-time colleague of Mr. Henry has also joined the Company as Chief Executive Officer. PSC invests preferred equity capital across a broad range of real estate assets, including multi-family, office, self-storage, industrial, retail, mobile home parks, parking, health care and hotels.

“The retreat of traditional sources of capital due to regulatory restrictions and the current volatility of the CMBS market has created an opportunity for financing small and medium sized real estate transactions”

“The retreat of traditional sources of capital due to regulatory restrictions and the current volatility of the CMBS market has created an opportunity for financing small and medium sized real estate transactions,” said PSC Co-Founder David Henry. “We are pleased to partner with Alan Goldfarb and Orangewood and believe now is the optimal time for Peaceable Street Capital to build a diversified portfolio of high quality real estate investments, with a focus on current income, low credit risk and equity upside.”

Alan Goldfarb, Founder and Managing Partner of Orangewood, said, “David Henry and Fred Kurz have exceptional track records of success identifying and investing in unique real estate assets with strong growth and income potential. We are excited to partner with Dave and Fred and look forward to building a tremendous business together.”

The Company also announced that it has completed two transactions since inception. In January, PSC completed its first transaction – a preferred equity investment in the multi-family sector. In March the Company completed a preferred equity investment in a portfolio of self-storage facilities. Both of these investments are in partnership with best-in-class operating partners who also invested equity in these transactions.

Messrs. Henry and Kurz have more than 30 years of real estate investment experience, having worked together for most of that time at Kimco and General Electric (“GE”). Mr. Henry served as the Chief Executive Officer at Kimco from 2009 - 2015 and as its Vice Chairman from 2001 - 2015. Prior to joining Kimco in 2001, Mr. Henry was at GE, where he served as the Chief Investment Officer and Senior Vice President at GE Capital Real Estate from 1997 - 2001, and was responsible for helping manage real estate investments totaling more than $20 billion in 11 countries worldwide. In addition to Peaceable Street Capital, Mr. Henry currently serves on the Board of Directors of Columbia Property Trust, Inc., VEREIT, Inc., Tanger Factory Outlet Centers Inc., HCP, Inc. (also known as Health Care Property Investors Inc.), and Fairfield County Bank, a Connecticut mutual savings bank. Mr. Henry received his M.B.A. from the University of Miami and holds a B.S. in Business Administration from Bucknell University.

Mr. Kurz served as Vice President and General Manager at Kimco and was a founding member of Kimco’s Preferred Equity Program. He also directed several different departments, including Kimco Select, Structured Investments, and Risk Management. Prior to joining Kimco, Mr. Kurz served as a Senior Vice President and Managing Director at GE Capital Real Estate’s Eastern Territory, covering 12 states that generated $1.5 billion in structured investments during his tenure. Earlier in his GE career, Mr. Kurz served as District Manager of the firm’s Philadelphia office. Mr. Kurz holds an MBA from the Kellogg School of Management at Northwestern University, a Masters of Regional Planning from the University of Pennsylvania, a Masters of Arts in Geography from Temple University, and a B.A. from Mansfield University.

About Peaceable Street Capital

Peaceable Street Capital (PSC), based in Philadelphia, PA and with offices in New York City, is a specialty finance platform focused on small and mid-sized income producing real estate in the United States and Canada. PSC is led by David Henry, former CEO of Kimco Realty Corporation (Kimco), and Fred Kurz, former General Manager of preferred equity investments at Kimco, and is backed by Orangewood Partners. PSC targets preferred equity investments ranging from $1-$20 million per transaction across a broad range of real estate assets, including multi-family, office, self-storage, industrial, retail, mobile home parks, parking, health care and hotels. For more information, please visit
www.peaceablestreet.com.

About Orangewood Partners

Orangewood Partners is a New York-based private investment firm that pursues equity and credit investments in both public and private companies. Orangewood Partners was founded in 2015 by Alan Goldfarb, former Managing Director of Special Situations at Senator Investment Group and former Principal at The Carlyle Group. For more information, please visit
www.orangewoodpartners.com

Contacts

Media:
For Orangewood Partners
Jonathan Gasthalter
212-687-8080