Russian conglomerate, Rosen Partners join forces

New York /
Jan.January 04, 2012 12:00 PM

Russian conglomerate Alfa Group will join forces with New York-based Rosen Partners, forming a joint venture that will target $100 million-plus commercial and multi-family investments, CoStar News reported. Rosen Partners is a private real estate developer, and Alfa Group is a privately held company that counts among its assets one of Russia’s largest privately owned banks, a large telecom company, and Russia’s largest food retailer. The venture’s focus will be on multi-family, hospitality and office properties as well as debt investments in major metropolitan markets in the Eastern U.S.

“Alfa looks forward to working with our long-time partners, the Rosens, to take advantage of current market opportunities to acquire and manage a solid portfolio of properties,” said Mikhail Fridman, chairman of Alfa.

Rosen Partners head Jack Rosen told CoStar that his firm will manage some assets, but, depending on their size, may seek help from third-party management entities.

“We’re in a unique and enviable position of having deep and agile capital, along with a track record on both sides for getting deals done and creating value,” said Daniel Rosen, a managing director at Rosen Partners. [CoStar]

 

Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Mortgage requests, refinancings continue to drop
Mortgage requests, refinancings continue to drop
Mortgage requests, refinancings continue to drop
Doctors and medical professionals have remained on time with their rent payments in the past year (iStock)
Medical offices are just what the doctor ordered for landlords
Medical offices are just what the doctor ordered for landlords
Howard Hanna CEO Helen Hanna Casey and Compass CEO Robert Reffkin (Howard Hanna Casey, Getty)
Howard Hanna accuses Compass of poaching agents, stealing trade secrets
Howard Hanna accuses Compass of poaching agents, stealing trade secrets
Rob Gronkowski and 35 Hudson Yards (Getty, SOM)
Rob Gronkowski buys Hudson Yards home for $7M
Rob Gronkowski buys Hudson Yards home for $7M
Adam Neumann and the “Guitar House” in in Corte Madera (Getty, Realtor)
Adam Neumann gets $22.4M for California estate
Adam Neumann gets $22.4M for California estate
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...