| *Category Ranking | ||||
| Company: | GE Real Estate | |||
| Address: | 901 Main Avenue | |||
| City: | Norwalk | |||
| State: | CT | |||
| Zip: | 06851 | |||
| Phone: | 800-GE-FIRST | |||
| Fax: | 203/357-4475 | |||
| Email: | brent.feigenbaum@ge.com | |||
| Website: | www.gerealestate.com | |||
| Key Executive | ||||
| 1. Name: | Ronald Pressman | |||
| Title: | President and Chief Executive Officer | |||
| 2. Name: | Alec Burger | |||
| Title: | Senior Vice President, North America Lending | |||
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| *Number of Offices: | 45 | 2 | ||
| *Number of Employees: | 1900 | 3 | ||
| *Gross Revenues Fiscal Year 2006: | 1.8 billion | 6 | ||
| *Projected Revenues Fiscal Year 2007: | 1.0 billion | 4 | ||
| Selected Areas of Specialization: | North America Lending structures all forms of debt financing in the U.S. and Canada, including floating-rate and fixed-rate financing. | |||
| Company Overview: | GE Real Estate is one of the world's premier commercial real estate companies with more than $62 billion in assets and a presence in 32 countries throughout North America, Europe and Asia Pacific. Backed by GE's AAA rating, GE Real Estate offers a comprehensive range of capital and investment solutions, including equity capital for acquisition or development, as well as fixed and floating-rate mortgages for new acquisitions or re-capitalizations of commercial real estate. With a 28% compound annual growth rate since 1993, GE Real Estate is one of the world's fastest growing and most profitable real estate enterprises. This extraordinary record of success grows out of a reputation for collaboration and partnership; a depth of knowledge and a history of building relationships, finding opportunities and opening doors for more than 5,000 owners, builders, borrowers and brokers worldwide. | |||
| *Total Number of Financing Transactions Arranged or Committed in 2006: |
1337 | 4 | ||
| *Total Value of Financing Transactions Arranged or Committed in 2006: |
14.9 billion | 7 | ||
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| Percentage by Property Type: | ||||
| Office: | 25 % | |||
| Industrial: | 15 % | |||
| Retail: | 9 % | |||
| Apartments: | 10 % | |||
| Hotels: | 30 % | |||
| Other: | 11 % | |||
| (Please specify) | ||||
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| Mezzanine: | % | |||
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| Bridge: | % | |||
| Raw Score: | 26 |
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Key Executive
2
GE Real Estate
Ronald Pressman
President and Chief Executive Officer
2006 Gross Revenues: $ 1.8 billion
2007 Projected Revenues: $1.0 billion
Number of Transactions: 1337
2006 Transaction Value: $ 14.9 billion
Number of Offices: 45
Number of Employees: 1900
GE Real Estate has come a long way since completing its first transaction in the 1950s. The real estate unit, which offers a range of debt and equity financing products across most asset types, was formally established in 1972 as a division of GE Commercial Finance. It posts an average growth rate of 28%per year and currently hasmore than $62 billion in assets. Alec Burger, senior vice president of North America lending, attributes the company’s growth to its ability to recreate its businesses to adapt to market shifts, as well as hiring knowledgeable executives and having long-standing client relationships. An example of GE’s ability to change is its addition of services such as flexible fixed-rate lending and hospitality lending when the firm anticipated turmoil in the CMBS market, Burger notes. “If you can’t shift your focus or develop new business lines tomeet the needs of your customers and react to or prepare for changes in the industry, there’s no way you can be successful,” the executive says. “I think being able to do that has helped us to grow as we have.” That growth has led the Stamford-based firm to broaden its operations to 32 countries throughout North America, Europe and the Asia Pacific region. Its expansion overseas and in developingmarkets has contributed significantly to its success, with 66% of GE’s net income noworiginating outside theUS. “We really have come a longway and have seen tremendous growth,” Burger adds. The company,which experienced a change in leadership earlier this year, also has a significant ownership portfolio.
Contact Information
| Address | 901 Main Avenue |
| City | Norwalk |
| State | CT |
| Zip | 06851 |
| Phone | 800-GE-FIRST |
| brent.feigenbaum@ge.com | |
| Fax | 203/357-4475 |
| Web | www.gerealestate.com |