Stonewater on Track for $100 Million, Launches
New Web Site, Announces Expanded Investment Criteria, New Offices, and New Hires
White Plains, New York - October 25, 2004: Stonewater
Partners is in the process of closing two transactions in excess of $60 million
that will close in late October and November bringing acquisition volume to $100
million for its inaugural investment year. Individual press releases will be
issued when these transactions close.
The Company launched its upgraded web site today at www.stonewaterinc.com
providing updated company information, new investment criteria and portfolio
information.
Stonewater has expanded its investment criteria and will now consider
multi-tenant properties, long-term single tenant assets, preferred/mezzanine
debt and senior debt. The Company’s web site features more details and specific
investment parameters.
During the summer the Company opened new offices in White Plains, New York and
Los Angeles, California – see new contact information at the end of this
release. In addition, David Cheng and Joshua Roseman were hired as Associates in
the New York and Los Angeles offices respectively. Mr. Roseman received his
M.B.A. from the Anderson School at UCLA after previous work at Leonard Green &
Partners and Bear Stearns’ Media and Entertainment Investment Banking Group. Mr.
Cheng will receive his Masters in Real Estate from NYU later this year; his
prior work experience includes stints at Morgan Stanley’s Real Estate Group and
Citibank’s Emerging Markets Group. |
