FTI Consulting Strengthens Real Estate Capital Markets Practice
December 17 2015 - 7:30AM
FTI Consulting, Inc. (NYSE:FCN), the global business advisory firm
dedicated to helping organizations protect and enhance their
enterprise value, today announced the further expansion of its
Capital Markets practice within the firm’s Real Estate &
Infrastructure industry group with the appointments of Eric
Hamermesh as Managing Director and Sam Khazary as Director. In
addition, Senior Managing Director Michael VanderLey has been
appointed to lead the Real Estate Capital Markets practice. Mr.
Hamermesh is based in Los Angeles, and Mr. Khazary and Mr.
VanderLey are based in San Francisco.
Mr. Hamermesh has 35 years of experience in the real estate and
real estate capital markets industries and assists clients with
sourcing and executing transactions involving debt, equity and
hybrid capital products, as well as asset and portfolio real
property and loan sales. In addition, he advises clients on
transactions involving ground leases and real estate-related
securities, including interests in whole loans, subordinate debt
and mezzanine securities, as well as fractional interests in
property owning entities. Prior to joining FTI Consulting, Mr.
Hamermesh held positions at institutional investment banks Goldman
Sachs and Credit Suisse, the hedge fund Canyon Capital and middle
market real estate investment banker George Smith Partners, Inc. In
his new role at FTI Consulting, Mr. Hamermesh will perform
strategic advisory work including the evaluation of real
estate-related “special situations,” transactions related to both
in- and out-of-court restructurings, as well as assisting emerging
real estate investment managers with accessing institutional
capital and high net worth family offices.
Mr. Khazary has more than 12 years of experience in the real
estate capital markets industry. With the product development and
marketing of real estate investment securities, he has advised on a
number of significant capitalization transactions and liquidity
events, at both the entity and real estate asset level within the
private, non-listed REIT industry. Prior to joining FTI Consulting,
Mr. Khazary was a Vice President at RCS Capital Corporation, where
he helped lead strategic advisory services on sell-side and
buy-side M&A engagements. Prior to RCS, he served as a Director
of due diligence at Cole Capital, where he oversaw business
development initiatives and worked with external advisors to
underwrite exit strategies for its various non-listed REIT
programs. Mr. Khazary has also held positions at Morgan Stanley,
Ehrenkranz Partners and OppenheimerFunds focusing on the
implementation of investment strategies for high-net-worth
individuals, foundations and endowments. In his new role at FTI
Consulting, Mr. Khazary will focus on strategic advisory services
for mergers, acquisitions, capital markets transactions and
corporate development.
Mr. VanderLey has more than 30 years of experience in the real
estate industry and the capital markets that serve it. He has been
involved with transactions representing every major real estate
asset class and has advised on, originated, acquired or managed
investment positions at every level of the capital structure. He
also has extensive special situations experience, having
represented debtors, secured creditors, creditors’ committees and
equity interests in connection with numerous restructurings and
Chapter 11 cases, including directly leading or advising on
financing and sale processes totaling more than $5 billion in
connection with these mandates. Since joining FTI Consulting in
2009, Mr. VanderLey has assisted stakeholders in evaluating,
developing and implementing strategic and operational plans and
structuring and negotiating complex asset acquisitions and
dispositions, debt and equity financings and special situations
transactions. He has also served as testifying expert or
consultant-to-counsel on engagements involving Chapter 11 interest
rate and plan feasibility matters, leasehold valuation and damages,
partnership disputes, loan underwriting procedures, loan servicing
and administration and real estate capital markets conditions.
“Today’s market provides both real challenges and exciting
opportunities for owners and developers seeking capital for growth,
investors seeking to deploy capital and operating businesses
seeking to enhance or unlock enterprise value. Both Eric and Sam
bring noteworthy backgrounds and deep industry relationships to FTI
Consulting, where we see capital markets as being a key link in the
value chain our real estate practice provides to clients,” stated
Mr. VanderLey.
Mr. Hamermesh holds a B.A. in political science from the
University of California Los Angeles (“UCLA”) and a J.D. from the
UCLA School of Law. He is a licensed real estate broker in
California, is a member of the California State Bar on inactive
status and a member of the Urban Land Institute. Mr. Khazary holds
a B.S. in finance from the Tobin School of Business at St. John’s
University and received a Certified Investment Management Analyst ®
(“CIMA”) designation from the Wharton School of the University of
Pennsylvania. He is a member of the Alternative & Direct
Investment Securities Association (“ADISA”), Investment Management
Consultants Association (“IMCA”) and Investment Program Association
(“IPA”).
The Real Estate Capital Markets team, part of FTI Consulting’s
wholly-owned, broker-dealer subsidiary, FTI Capital Advisors, LLC,
helps public and private sponsors, operators, investors and
operating businesses strategically dependent on real estate with
debt and equity financings, asset and portfolio-level transactions,
business combinations including joint ventures and M&A, and on
strategic issues affecting enterprise value.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm
dedicated to helping organizations protect and enhance enterprise
value in an increasingly complex legal, regulatory and economic
environment. With more than 4,400 employees located in 26
countries, FTI Consulting professionals work closely with clients
to anticipate, illuminate and overcome complex business challenges
in areas such as investigations, litigation, mergers and
acquisitions, regulatory issues, reputation management, strategic
communications and restructuring. The Company generated $1.76
billion in revenues during fiscal year 2014. For more information,
visit www.fticonsulting.com and connect with us on Twitter
(@FTIConsulting), Facebook and LinkedIn.
FTI Consulting, Inc.
1101 K Street NW
Washington, DC 20005
+1.202.312.9100
Investor Contact:
Abaigeal Healy
+1.617.747.1727
abaigeal.healy@fticonsulting.com
Media Contact:
Nina Dietrich
+1.201.493.8944
nina@ninadietrich.com
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