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mack real estate group

Security and exchange commission filings for Mack Real Estate Finance, L.P.. Insider trades, quarterly, and annual reports. C/O MACK REAL ESTATE GROUP. Tag: Mack Real Estate Group The 11 newspapers in the Blank Slate Media-Litmor Publications Advertising Group provide cost-effective target marketing of. An affiliate of Mack Real Estate Group (MREG) has completed the acquisition of The Hub at Goodyear, a new, 793862-square-foot industrial facility located in.

Mack real estate group -

Find Your Dream Dallas-Forth Worth Area Home!

The Mack Group was formed with the principle that service and experience matter! Our team of full-time agents will definitely exceed your expectations. Each one of our local experts brings a perspective on the market that you will find very valuable in your home search experience.

The Dallas-Fort Worth market is expansive, and you need an expert that will help you find the hidden gems in our communities. Our goal is to save you time and money in your home search. We have assisted hundreds of families with the home sale and purchase needs.

Our web-site is designed to give you an up to the minute view of available homes in the areas you are searching, and once set-up we can email you new properties as they become available.
In today’s competitive home market, we have had great success in assisting our clients win in multiple offer situations. Give yourself a competitive advantage and work with one of our proven, dedicated team members!

Источник: https://www.mackgroupre.com/

Real estate moguls allegedly help rich pals jump COVID vaccine line

NYC real estate brothers Bill and David S. Mack allegedly personally arranged for a host of their wealthy friends from Manhattan and the ritzy Palm Beach Country Club to get the COVID-19 vaccine at a Florida retirement home.

While elderly Florida residents line up overnight for the vaccine, sources say the Macks allegedly “made a list” of one-percenters given the chance to receive the vaccine, and some even allegedly flew in on private jets from NYC for the jab.

The vaccine was administered at the not-for-profit nursing home Joseph L. Morse Health Center in Palm Beach, conveniently located on David S. Mack Drive in West Palm Beach, where — wait for it — David S. Mack is the chairman.

One source said, “David and Bill Mack arranged for their friends from the Palm Beach Country Club to be vaccinated for COVID-19. They apparently made a list of people who could get the vaccine, who one can only assume are their wealthy friends and clients.

“Supposedly, some people flew down in private jets from New York just for the vaccine, if they were lucky enough to be on the list the brothers made. It wasn’t just members of the Palm Beach Country Club who got the vaccine, but there were many club members who did.”

A second source confirmed, “A friend got the first shot two days ago at ‘Morse Old Folks Home’ [his description], arranged by the Palm Beach Country Club.

“Another friend said, ‘Do you know Bill Mack?’ [suggesting knowing him could help get the vaccine].”

The Macks confirmed in a statement to Page Six that they had been vaccinating people in Florida. Their spokesperson said, “Several not-for-profit health and senior care organizations in Florida are undertaking major vaccination efforts. David and Bill Mack were asked to assist a not-for-profit healthcare institution with the organization of its vaccination campaign. 

“Some vaccine recipients may have been Palm Beach Country Club members, but substantially fewer than your sources indicated, and this was not a targeted effort to vaccinate club members.”

It costs upward of $100,000 to join the exclusive country club, and applications are said to have skyrocketed as more people have relocated from Manhattan to the Palm Beach area in 2020.

When pressed about the names of the not-for-profit group, the Mack spokesperson confirmed it was the Joseph L. Morse Health Center.

The rep would not confirm or deny that the Macks made a list of wealthy friends for the vaccination, or whether any flew in from NYC for the shot.

The first source wonders whether “David S. Mack arranged for a non-profit he runs to ask himself [the boss] for self-serving help to find the one-percenters who ‘need’ the vaccine?”

Their rep countered, “Everything was done in accordance with Governor [Ron] DeSantis’s order as it relates to persons 65 and older.”

People over 65 are eligible in Florida to receive the vaccination and the state has partnered with hospitals and other health care centers, including care homes, to administer the vaccine to vulnerable people.

Long-term care home residents are on the priority list to receive the vaccine, but those on the Macks’ list were not residents, the sources stressed. However, there is no indication the Morse Health Center failed to vaccinate its residents and staff or turned away others not on the Macks’ alleged list.

Florida has received 1,137,000 doses of the vaccine as of Monday, although only a fraction of that has been given out, according to the US Centers for Disease Control and Prevention.

The first dose has been given to 260,655 people, according to the Florida Department of Health. The vaccines are administered by hospitals and by the Florida Department of Health.

But glitches have continued in the vaccination effort, for which demand is far exceeding supply. The state health department’s Broward County website stopped accepting appointments Monday. And its Palm Beach County office shut down COVID phone lines Monday after its system was overwhelmed, the South Florida Sun Sentinel reported.

Meanwhile, seniors camped out overnight Sunday in line for the vaccine at Daytona Stadium. The COVID-19 vaccine distribution site reached capacity even before it was set to open. At 6:30 a.m., the site’s 1,000 allocated vaccines were all accounted for. The site wasn’t scheduled to open until 7 a.m. but officials started to let people in the gates at 4:30 a.m.

Mack Real Estate Group, headquartered in New York City, was founded in 2013 by William, Richard and Stephen Mack, whose family experience in commercial real estate dates back several decades.

The family is known for its philanthropic efforts — having supported the Long Island Jewish Medical Center — and was one of the first to support Lenox Health Greenwich Village after the closure of St. Vincent’s Hospital in 2010.

Источник: https://pagesix.com/2021/01/04/bill-and-david-s-mack-allegedly-arrange-covid-vaccine-for-rich-pals/

Chapter 1Richard Mack

Mack Real Estate Group, New York, New York, USA

Picture of “Richard Mack, Mack Real Estate Group, New York, New York, USA.”

Understand the potential downside of a deal

It is a rudimentary principle of portfolio management theory to incorporate alternative assets as part of a diversified portfolio. One of the most popular alternative investments for sophisticated investors is real estate. While it serves as a partial hedge against inflation, it is also a way to enjoy the potential of a steady cash flow stream.

Within the real estate space, institutional investors are probably most attracted to the private equity arena. Real estate private equity funds have been attracting large amounts of capital with assets under management reaching an all-time high as of the end of 2017 of $811 billion.1 One private equity real estate giant is Richard Mack.

In His Own Words

I was at the top of my class in high school, but not in college. I guess I wanted to have fun, experience being in a fraternity and think creatively away from my major, but I was a hard worker and later regretted my lack of academic discipline in college. By the time I entered college, my father had established himself as a very successful developer. I graduated at a time when people commonly assumed that the son of a successful businessperson was not capable. When I started working, I felt that I had a lot to prove.

I graduated from the Wharton School at the University of ...

Источник: https://www.oreilly.com/library/view/real-estate-titans/9781119550044/c01.xhtml

Mack Rebrands National Property Management Business

NEW YORK--(BUSINESS WIRE)--Mack Real Estate Group (MREG) announced the rebranding of its national property management affiliate, the latest step in MREG’s consolidation of its vertically integrated real estate platform under the Mack name. Winthrop Management, L.P. is now Mack Property Management, L.P. (MPM). In tandem with the rebranding, Mack Property Management has redoubled its focus on leveraging technology to provide the best possible service in property management for multifamily and commercial assets across the United States. Richard Mack, CEO of Mack Real Estate Group, made the announcement.

“The highest quality property management underpins all of our business lines, and we are committed to applying the best practices through Mack Property Management to assets we manage, whether owned by us or a third party investor. Our goals in rebranding our management business are to highlight our commitment to deploying new technology, and to continue the integration of the property management discipline into our overall real estate platform,” said Richard Mack, CEO of Mack Real Estate Group. “Real estate ownership is changing, and new technologies offer opportunities for greater efficiency and better service to most assets and portfolios. We are working to align ourselves with industry leading partners who share the same vision on technology in the multi-family industry and are able to best support us as we grow our management platform.”

Over several years Mack Real Estate Group has consolidated various real estate investment and development activities under the Mack Real Estate Group brand in order to better communicate the scope and interdisciplinary nature of its national equity and debt investment, development, and management platform and to allow for the continued generational integration of legacy Mack family real estate businesses across the country. “Since our inception in 2013, Mack Real Estate Group’s real estate activities have grown extensively, and with positive change comes a greater need to provide a clear unified identity to all of our constituents through branding consistency and to actualize the integration of our businesses whose roots go back to the formation of the Mack Company in 1962,” Mr. Mack added.

Following the rebranding, Jennifer Willstead continues to serve as President of Mack Property Management. Ms. Willstead joined the firm in 2018 after working with AvalonBay for 16 years, and now oversees all of MPM, with offices located in major markets throughout the country including New York, Seattle, Los Angeles, Miami and Boston. MPM already provides top quality management services to third party owners as well as Mack-affiliated entities and partnerships, and is laying the groundwork for a further sub-brand within MPM that will be dedicated to the third-party business. “Our next step, which we expect to execute in the near future, is to create within the MPM platform a dedicated property management brand for our third-party business, applying the same technologies and best practices throughout our owned and third-party portfolios,” said Ms. Willstead.

About Mack Real Estate Group

Mack Real Estate Capital Group LLC, dba Mack Real Estate Group (MREG), is an enterprise devoted to managing institutional, high net worth and Mack family capital by making debt and equity investments in real estate and real estate-related securities through several distinct business lines and legal entities. MREG currently specializes in domestic and international real estate investment, development and financing opportunities with a view toward long term performance and hands on management. The company and its affiliates bring together the expertise to recognize and analyze new real estate investment opportunities with the speed and flexibility necessary to execute on them.

Источник: https://newyork.citybizlist.com/article/626499/mack-rebrands-national-property-management-business

Eve At The District Almost Completed

Mack Real Estate Group

in Architecture, Construction, Eve at the District, Golden Dusk Photography, Miami, Midtown Miami

Tags: Eve at the District, Midtown Miami, Apartment, Architecture, Mack Real Estate Group, Golden Dusk Photography, G.T. McDonald, Construction, Rental

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in Construction, Golden Dusk Photography, Miami, Eve at the District, Midtown Miami

District 36 in Midtown

District 36 has topped out since we last looked in November 2015 on the mixed use building. Windows are almost completed installed and painting on the exterior has begun.

Previous construction photos can be viewed here.

Tags: Construction, Michael Comras, G.T. Mcdonald, Mack Real Estate Group, Miami, Eve at the District, Midtown Miami

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in Golden Dusk Photography, Miami, Construction, Eve at the District, Midtown Miami

Construction has progressed quickly on District 36 since we last looked in July on the mixed use building. District 36 has reached the 15th floor of the 19 story building located at 3635 NE 1st Ave next to I-95 and the Design District. 

Tags: Construction, Michael Comras, Golden Dusk Photography, G.T. Mcdonald, Mack Real Estate Group, Eve at the District, Midtown Miami, Condo

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in Construction, Golden Dusk Photography, Miami, Eve at the District, Midtown Miami

District 36 In Midtown

Next to I-195 in the Midtown and across from the Design District is mixed used building named District 36 that recently broke ground.

The building is being developed by Michael Comras and Mack Real Estate Group that will rise 19 stories and have 195 luxury rental apartments. District 36 will also have 60,000 square feet of retail space plus a restaurant.

Curbed Miami has renderings of the project here.

Tags: Construction, G.T. Mcdonald, Michael Comras, Mack Real Estate Group, Golden Dusk Photography, Miami, Eve at the District, Midtown Miami

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Источник: https://www.goldenduskphotography.com/blog/tag/Mack+Real+Estate+Group

Bill Mack, W’61

« Back

Bill Mack, W’61

Co-Founder and Chairman
Mack Real Estate Group

Mr. Mack is the Chairman of the Mack Real Estate Group, a real estate investment platform founded in 2013 by Mr. Mack and his sons Richard and Stephen. Mack Real Estate Group is devoted to managing institutional, high net worth and Mack family capital by making debt and equity investments in real estate and real estate-related securities through several business lines. MREG currently specializes in domestic and international real estate investment, development and financing opportunities with a view toward long-term performance and hands on management. The firm also has a commonly controlled property and construction management affiliate focused on commercial assets.

Prior to launching the Mack Real Estate Group in August 2013, Mr. Mack was the Founder and Chairman of AREA Property Partners (formerly Apollo Real Estate Advisors). The AREA Funds collectively invested in more than $60 billion of diversified real estate ventures in 25 countries. Investments included office and retail facilities, hotels, multi-family residential housing, mortgage securities, housing companies, land investments, and public and private real estate operating companies. In May 2013, AREA Property Partners signed a definitive agreement to be acquired by Areas Management LLC, a Los-Angeles based investment firm. The deal was described by Commercial Property Executive (5/13/13) as “one of the industry’s biggest transactions of 2013.”

Mr. Mack also serves as Chairman of the Board of Directors of Mack-Cali Realty Corporation, a publicly traded REIT that owns and operates a portfolio of Class A office office/flex buildings and multi-family residential properties located in the northeast United States. He is the Principal and CEO of the Mack Organization, a national owner, investor, and developer of warehouse and retail facilities.

Mr. Mack is the Chairman of the Board of the Solomon R. Guggenheim Foundation. He is Vice Chair of the Northwell Health, where he serves on the Executive Committee; he also serves as a Trustee and Member of the Executive Committee of Lenox Hill Hospital.

Mr. Mack is a Director of Florida Community Bank and a Director of Hudson’s Bay Company. He is a past Director of Retail Opportunity Investments Corporation, Wyndham International, Inc., the Bear Stearns Companies, Inc., Vail Resorts, Inc., the Empire State Development Corporation, and a past member of the Regional Advisory Board of JP Morgan Chase. Mr. Mack is a past Chairman of the Long Island Power Authority, the Jacob K. Javits Convention Center Development Corporation of New York, and the New York Convention Center Operating Corporations.

Mr. Mack attended Brooklyn Technical High School, the Wharton School of the University of Pennsylvania, and the School of Business of New York University.

University Affiliations:

  • Recipient, 2016 Alumni Award of Merit
  • Emeritus Member, University Board of Trustees (since 2010)
  • Emeritus Member, Trustees Development Committee (Member since 1997)
  • Emeritus Member, Trustees Facilities and Planning Committees (since 2010; Chair, 1999 – 2010)
  • Emeritus Member, Trustees Budget & Finance Committee
  • Former University Term Trustee (1997-2007) and University Charter Trustee (2007-2010); Vice Chair, Board of Trustees, 2006-2010
  • Former Member, Executive Committee of the Health System

Wharton Affiliations of Note:

  • Emeritus, Wharton Board of Overseers (Member since 1998; Vice Chair, 2009 – 2013; Chair, 2013-2017)
  • Member, Zell/Lurie Real Estate Center Advisory Board (since 1994; Vice Chair, 1999-2002)
  • Chair and Convener, Wharton Executive Conference Center Real Estate Task Force
  • Former Member, Development Committee (2005 – 2010)
  • Former Member and Former Chair, Undergraduate Executive Board (1989 – 1998)
  • Recipient, Joseph Wharton Award for Lifetime Achievement, Joseph Wharton Awards Dinner (2008)
  • Established the William and Phyllis Mack Center for Technological Innovation in 2001; the Mack Center is an umbrella organization for all of Wharton’s technology management initiatives. In 2013, the Macks permanently endowed the Mack Institute for Innovation Management.
  • Wharton’s Quadrangle, including the “William L. Mack Plaza,” was dedicated in 1992.
  • As chairman of Penn’s Facilities and Campus Planning Committee, Mr. Mack championed the addition of Wharton’s state-of-the-art Jon M. Huntsman Hall, as well as new academic, residential, and retail spaces that have transformed campus in recent years.

 

Источник: https://whartonnewyork18.com/committees/william-mack/
mack real estate group

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Eve At The District Almost Completed

Mack Real Estate Group

in Architecture, Construction, Eve at the District, Golden Dusk Photography, Miami, Midtown Miami

Tags: Eve at the District, Midtown Miami, Apartment, Architecture, Mack Real Estate Group, Golden Dusk Photography, G.T. McDonald, Construction, Rental

Comment mack real estate group is there a fire in contra costa county today

in Construction, Golden Dusk Photography, Miami, Eve at the District, Midtown Miami

District 36 in Midtown

District 36 has topped out since we last looked in November 2015 on the mixed use building. Windows are almost completed installed and painting on the exterior has begun.

Previous construction photos can be viewed here.

Tags: Construction, Michael Comras, G.T. Mcdonald, Mack Real Estate Group, Miami, Eve at the District, Midtown Miami

Comment

in Golden Dusk Photography, Miami, Construction, Eve at the District, Midtown Miami

Construction has progressed quickly on District 36 since we last looked in July on the mixed use building. District 36 has reached the 15th floor of the 19 story building located at 3635 NE 1st Ave next to I-95 and the Design District. 

Tags: Construction, Michael Comras, Golden Dusk Photography, G.T. Mcdonald, Mack Real Estate Group, Eve at the District, Midtown Miami, Condo

Comment

in Construction, Golden Dusk Photography, Miami, Eve at the District, Midtown Miami

District 36 In Midtown

Next to I-195 in the Midtown and across from the Design District is mixed used building named District 36 that recently broke ground.

The building is being developed by Michael Comras and Mack Real Estate Group mack real estate group will rise 19 stories and have 195 luxury rental apartments. District 36 will also have 60,000 square feet of retail space plus a restaurant.

Curbed Miami has renderings of the project here.

Tags: Construction, G.T. Mcdonald, Michael Comras, Mack Real Estate Group, Golden Dusk Photography, Miami, Eve at the District, Midtown Miami

Comment

Источник: https://www.goldenduskphotography.com/blog/tag/Mack+Real+Estate+Group

Mack Real Estate Credit Strategies LP citibank student checking account review

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

Источник: https://relationshipscience.com/organization/mack-real-estate-credit-strategies-lp-122499859

Find Your Dream Dallas-Forth Worth Area Home!

The Mack Group was formed with the principle that service and experience matter! Our team of full-time agents will definitely exceed your expectations. Each one of our local experts brings a perspective on the market that you will find very valuable in your home search experience.

The Dallas-Fort Worth market is expansive, and you need an expert that will help you find the hidden gems in our communities. Our goal is to save you time and money in your home search. We have assisted hundreds of families with the home sale and purchase needs.

Our web-site is designed to give you an up to the minute view of available homes in the areas you are searching, and once set-up we can email you new properties as they become available.
In today’s competitive home market, we have had great success in assisting our clients win in multiple offer situations. Give yourself a competitive advantage and work with one of our proven, dedicated team members!

Источник: https://www.mackgroupre.com/

Third-Party Property Management Business Focused on Best Mack real estate group for Multifamily and Office

Mack Real Estate Group (MREG) announced the launch of NEXT Property Management, a new third-party property management service offering focused on providing the highest quality management services to owners of multifamily and office properties nationwide. NEXT is part of the Mack real estate group Property Management L.P. business unit (MPM), which provides property management services for MREG’s growing portfolio of real estate investments.

"With the launch of NEXT Property Management, we mark the latest step in the larger process of rebranding, reorganizing, and expanding property management services within the context of the overall MREG platform," said Richard Mack, CEO of MREG. "We believe that our extensive experience with property ownership will be valuable to other owners who choose NEXT for management services, and we look forward to expanding the NEXT portfolio in the coming years."

NEXT Property Management is committed to deploying strategic solutions in conjunction with new technology for property management in order to offer opportunities for greater efficiency and better service. "We are expecting continuity of modern technologies and best practices across both the NEXT third-party management portfolio and the MPM mack real estate group portfolio, as we consistently strive to be the best," said Jennifer Willstead, President of MPM.

Jeff Cruz has been appointed Vice President of Business Development for NEXT and will be charged with growing the pipeline of third-party management business. "Jeff has led a successful career in multi-family spanning over twenty years and multiple markets, and was a natural choice to lead our growth plan for NEXT," Ms. Willstead added.

MPM (including NEXT) is headquartered in Phoenix, AZ. NEXT and MPM rely on the expertise of veteran team members and a strong understanding of market fundamentals and industry trends toward achieving the goals of maximizing asset performance, enhancing value, and delivering solid financial results. They utilize emerging technologies and service-centric applications to deliver innovative solutions, and employ a suite of support services to improve efficiency.

Mack Property Management was formerly known as Winthrop Property Management. The rebranding was announced September 1, 2020. In October, Mack Property Management officially relocated its head offices to Phoenix and hired Robert J. Matthews as Senior Vice President of Www simmons first online banking and Accounting.

"We believe that centralizing our operations in the Phoenix area enables us to enhance our services for the NEXT and MPM portfolios, and to strategically position us for further expansion in both coastal and mid-country markets," said Ms. Willstead. "Our team is excited for this new start out of our Phoenix office, which we expect to be our launching pad for significant growth. In addition to this new command center, we will continue to have resources in multiple markets to help align with operational needs and ensure proper support during core business hours, regardless of time zone."

For more information on NEXT Property Management services, visit www.nextmgmt.com.

About Mack Real Estate Group

Mack Real Estate Capital Group LLC, dba Mack Real Estate Group (MREG), is an enterprise devoted to managing institutional, high net worth and Mack family capital by making debt and equity usps office open today in real estate and real estate-related securities through several distinct business lines and legal entities. MREG currently specializes in domestic and international real estate investment, development and financing opportunities with a view toward long term performance and hands on management. The company and its affiliates bring together the expertise to recognize and analyze new real estate investment mack real estate group with the speed and flexibility necessary to execute on them.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201208005834/en/

Contacts

Great Ink Communications, (212) 741-2977
Eric Waters ([email protected])

Источник: https://www.yahoo.com/now/mack-real-estate-group-launches-170000851.html

Richard Mack is the co-founder of Mack Real Estate Group, which he runs with his father, William, and his brother, Stephen. The group was founded in 2013 after Mack and his father sold their company, Area Property Partners, formerly known as Apollo Real Estate Advisors, to investment firm Ares Management. Area’s funds collectively invested in more than $70 billion of real estate ventures in 25 countries under the Macks. The company also co-developed the Time Warner Center with the Related Companies, mack real estate group owned iconic office towers like 1290 Sixth Avenue. Mack’s new firm recently launched leasing at the 229-unit residential rental 50 North 5th Street that it developed in Williamsburg. Mack said the firm is in discussions to buy a development bank of eastman magnolia state bank on the Lower East Side and to buy 700 units in Brooklyn near the waterfront.

Name: Richard Jay Mack
Born: August 25, 1967
Hometown: Great Neck, New York
Marital status: Married for 16 years
Children: Harrison, 15; Dylan, 13; Tucker, 7

What were you like as a kid?

I was pretty intense. Everything I did, I did hard. I’ve definitely mellowed mack real estate group bit.

Are we talking studying hard or hard drugs?

I was doing some hard studying and had some hard playing, I guess. Soft drugs, not hard drugs [laughing].

Where did you go to college?

Wharton at the University of Pennsylvania. When I graduated, I went to the real estate group at Shearson Lehman Hutton, which became Lehman Brothers. It was a terrible time to be on Wall Street. I knew pretty early on that I was not long for that world. I was prepared for what was coming, so it wasn’t a blow to my ego [when I was fired]. I didn’t know anything, so I wasn’t really of much value to anyone and I understood that.

Were you upset to be fired?

Luckily, I’d already sent out an application to Columbia Law School.

Did you go straight to Apollo after law school?

I started there two weeks after graduation. We were working 16- or 18-hour days. My wife, then regions bank mobile al login girlfriend, would call the office at 3 a.m. and be like, ‘Why are you not home?’ I’d have to put one of my colleagues on the phone to tell her, ‘We are all still here.’

How did your family get into the business?

My grandfather was a demolition contractor. He demolished a number of high-profile New York sites, [clearing the way for buildings like] the United Nations and Peter Cooper Village. One of the outgrowths of that business was a lumber-and-brick yard in Queens. He ultimately decided to build a few buildings there. Then my dad got into building industrial and distribution centers near the Lincoln Tunnel, and that business grew into a large office development business, specializing in building corporate campuses.

When was Area started?

In the early 1990s, when the market was in a depression. Leon Black approached my father about buying junk bonds.… They decided to start a real estate fund, and I was employee number three. What I presumed was just going to be one $500 million fund ended up turning into a real mack real estate group private equity business. Over the next 20 years, we raised about $14 billion in equity.

What’s it like having a family in the industry?

What I’m very sure about is that I was born on third base, but I’ve always tried to be respectful of the position I’m in. Back in the early days, I worked harder than anybody because I felt I needed to.

Where do you live?

In a townhouse on 94th Street in Carnegie Hill. I bought the property as a development deal. I wanted to move to the suburbs, but my wife wanted to stay in the city.

You tried to sell off the whole thing at one point, right?

Before I was living there, it was for sale. Now it’s not. [But] I’ve gotten more unsolicited calls from brokers and representatives of Russian oligarchs than I know what to do with. I always take the call because I’m interested in what number they’re going to throw out.

How do you get to your Columbus Circle office?

I run sometimes and then shower at the [Equinox] gym in the basement. One time, I took buzz bee hunter gun longboard to work. The young guys kept making fun of me as the skateboarding CEO.

Do you have other homes?

I have a home in Bedford, N.Y.

How did you meet your wife, Christine?

Through mutual friends. It was the reverse of a set-up. I was supposed to date her friend and she was supposed to date mine.

Do you get much time with your three boys?

Yes. We ski a lot in the winter. I’m taking them to Chamonix [in France] to do some off-piste in March.

What are your bad habits and vices?

I run late a lot. I’m pretty careful not to be late for fundraising meetings, though. I also like a good glass of wine, a good scotch and a good tequila, but I’m pretty disciplined.

Do you make as much money as you’d like to?

Yes.

What kind of a car do you drive?

I own a 15-year-old BMW Mack real estate group. It was one of the first presents I ever bought myself. I mostly drive my wife’s Escalade.

Are you close with your brother and his wife, Kelly Kennedy Mack [head of Corcoran Sunshine]?

Very close. We probably see each other every other Sunday for dinner. There’s a lot of business discussed.

Источник: https://therealdeal.com/closings/richard-mack/

Mack real estate group -

Third-Party Property Management Business Focused on Best Practices for Multifamily and Office

Mack Real Estate Group (MREG) announced the launch of NEXT Property Management, a new third-party property management service offering focused on providing the highest quality management services to owners of multifamily and office properties nationwide. NEXT is part of the Mack Property Management L.P. business unit (MPM), which provides property management services for MREG’s growing portfolio of real estate investments.

"With the launch of NEXT Property Management, we mark the latest step in the larger process of rebranding, reorganizing, and expanding property management services within the context of the overall MREG platform," said Richard Mack, CEO of MREG. "We believe that our extensive experience with property ownership will be valuable to other owners who choose NEXT for management services, and we look forward to expanding the NEXT portfolio in the coming years."

NEXT Property Management is committed to deploying strategic solutions in conjunction with new technology for property management in order to offer opportunities for greater efficiency and better service. "We are expecting continuity of modern technologies and best practices across both the NEXT third-party management portfolio and the MPM owned portfolio, as we consistently strive to be the best," said Jennifer Willstead, President of MPM.

Jeff Cruz has been appointed Vice President of Business Development for NEXT and will be charged with growing the pipeline of third-party management business. "Jeff has led a successful career in multi-family spanning over twenty years and multiple markets, and was a natural choice to lead our growth plan for NEXT," Ms. Willstead added.

MPM (including NEXT) is headquartered in Phoenix, AZ. NEXT and MPM rely on the expertise of veteran team members and a strong understanding of market fundamentals and industry trends toward achieving the goals of maximizing asset performance, enhancing value, and delivering solid financial results. They utilize emerging technologies and service-centric applications to deliver innovative solutions, and employ a suite of support services to improve efficiency.

Mack Property Management was formerly known as Winthrop Property Management. The rebranding was announced September 1, 2020. In October, Mack Property Management officially relocated its head offices to Phoenix and hired Robert J. Matthews as Senior Vice President of Finance and Accounting.

"We believe that centralizing our operations in the Phoenix area enables us to enhance our services for the NEXT and MPM portfolios, and to strategically position us for further expansion in both coastal and mid-country markets," said Ms. Willstead. "Our team is excited for this new start out of our Phoenix office, which we expect to be our launching pad for significant growth. In addition to this new command center, we will continue to have resources in multiple markets to help align with operational needs and ensure proper support during core business hours, regardless of time zone."

For more information on NEXT Property Management services, visit www.nextmgmt.com.

About Mack Real Estate Group

Mack Real Estate Capital Group LLC, dba Mack Real Estate Group (MREG), is an enterprise devoted to managing institutional, high net worth and Mack family capital by making debt and equity investments in real estate and real estate-related securities through several distinct business lines and legal entities. MREG currently specializes in domestic and international real estate investment, development and financing opportunities with a view toward long term performance and hands on management. The company and its affiliates bring together the expertise to recognize and analyze new real estate investment opportunities with the speed and flexibility necessary to execute on them.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201208005834/en/

Contacts

Great Ink Communications, (212) 741-2977
Eric Waters ([email protected])

Источник: https://www.yahoo.com/now/mack-real-estate-group-launches-170000851.html

Bill Mack, W’61

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Bill Mack, W’61

Co-Founder and Chairman
Mack Real Estate Group

Mr. Mack is the Chairman of the Mack Real Estate Group, a real estate investment platform founded in 2013 by Mr. Mack and his sons Richard and Stephen. Mack Real Estate Group is devoted to managing institutional, high net worth and Mack family capital by making debt and equity investments in real estate and real estate-related securities through several business lines. MREG currently specializes in domestic and international real estate investment, development and financing opportunities with a view toward long-term performance and hands on management. The firm also has a commonly controlled property and construction management affiliate focused on commercial assets.

Prior to launching the Mack Real Estate Group in August 2013, Mr. Mack was the Founder and Chairman of AREA Property Partners (formerly Apollo Real Estate Advisors). The AREA Funds collectively invested in more than $60 billion of diversified real estate ventures in 25 countries. Investments included office and retail facilities, hotels, multi-family residential housing, mortgage securities, housing companies, land investments, and public and private real estate operating companies. In May 2013, AREA Property Partners signed a definitive agreement to be acquired by Areas Management LLC, a Los-Angeles based investment firm. The deal was described by Commercial Property Executive (5/13/13) as “one of the industry’s biggest transactions of 2013.”

Mr. Mack also serves as Chairman of the Board of Directors of Mack-Cali Realty Corporation, a publicly traded REIT that owns and operates a portfolio of Class A office office/flex buildings and multi-family residential properties located in the northeast United States. He is the Principal and CEO of the Mack Organization, a national owner, investor, and developer of warehouse and retail facilities.

Mr. Mack is the Chairman of the Board of the Solomon R. Guggenheim Foundation. He is Vice Chair of the Northwell Health, where he serves on the Executive Committee; he also serves as a Trustee and Member of the Executive Committee of Lenox Hill Hospital.

Mr. Mack is a Director of Florida Community Bank and a Director of Hudson’s Bay Company. He is a past Director of Retail Opportunity Investments Corporation, Wyndham International, Inc., the Bear Stearns Companies, Inc., Vail Resorts, Inc., the Empire State Development Corporation, and a past member of the Regional Advisory Board of JP Morgan Chase. Mr. Mack is a past Chairman of the Long Island Power Authority, the Jacob K. Javits Convention Center Development Corporation of New York, and the New York Convention Center Operating Corporations.

Mr. Mack attended Brooklyn Technical High School, the Wharton School of the University of Pennsylvania, and the School of Business of New York University.

University Affiliations:

  • Recipient, 2016 Alumni Award of Merit
  • Emeritus Member, University Board of Trustees (since 2010)
  • Emeritus Member, Trustees Development Committee (Member since 1997)
  • Emeritus Member, Trustees Facilities and Planning Committees (since 2010; Chair, 1999 – 2010)
  • Emeritus Member, Trustees Budget & Finance Committee
  • Former University Term Trustee (1997-2007) and University Charter Trustee (2007-2010); Vice Chair, Board of Trustees, 2006-2010
  • Former Member, Executive Committee of the Health System

Wharton Affiliations of Note:

  • Emeritus, Wharton Board of Overseers (Member since 1998; Vice Chair, 2009 – 2013; Chair, 2013-2017)
  • Member, Zell/Lurie Real Estate Center Advisory Board (since 1994; Vice Chair, 1999-2002)
  • Chair and Convener, Wharton Executive Conference Center Real Estate Task Force
  • Former Member, Development Committee (2005 – 2010)
  • Former Member and Former Chair, Undergraduate Executive Board (1989 – 1998)
  • Recipient, Joseph Wharton Award for Lifetime Achievement, Joseph Wharton Awards Dinner (2008)
  • Established the William and Phyllis Mack Center for Technological Innovation in 2001; the Mack Center is an umbrella organization for all of Wharton’s technology management initiatives. In 2013, the Macks permanently endowed the Mack Institute for Innovation Management.
  • Wharton’s Quadrangle, including the “William L. Mack Plaza,” was dedicated in 1992.
  • As chairman of Penn’s Facilities and Campus Planning Committee, Mr. Mack championed the addition of Wharton’s state-of-the-art Jon M. Huntsman Hall, as well as new academic, residential, and retail spaces that have transformed campus in recent years.

 

Источник: https://whartonnewyork18.com/committees/william-mack/

Mack Real Estate Credit Strategies LP

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

Источник: https://relationshipscience.com/organization/mack-real-estate-credit-strategies-lp-122499859

Mack Rebrands National Property Management Business

NEW YORK--(BUSINESS WIRE)--Mack Real Estate Group (MREG) announced the rebranding of its national property management affiliate, the latest step in MREG’s consolidation of its vertically integrated real estate platform under the Mack name. Winthrop Management, L.P. is now Mack Property Management, L.P. (MPM). In tandem with the rebranding, Mack Property Management has redoubled its focus on leveraging technology to provide the best possible service in property management for multifamily and commercial assets across the United States. Richard Mack, CEO of Mack Real Estate Group, made the announcement.

“The highest quality property management underpins all of our business lines, and we are committed to applying the best practices through Mack Property Management to assets we manage, whether owned by us or a third party investor. Our goals in rebranding our management business are to highlight our commitment to deploying new technology, and to continue the integration of the property management discipline into our overall real estate platform,” said Richard Mack, CEO of Mack Real Estate Group. “Real estate ownership is changing, and new technologies offer opportunities for greater efficiency and better service to most assets and portfolios. We are working to align ourselves with industry leading partners who share the same vision on technology in the multi-family industry and are able to best support us as we grow our management platform.”

Over several years Mack Real Estate Group has consolidated various real estate investment and development activities under the Mack Real Estate Group brand in order to better communicate the scope and interdisciplinary nature of its national equity and debt investment, development, and management platform and to allow for the continued generational integration of legacy Mack family real estate businesses across the country. “Since our inception in 2013, Mack Real Estate Group’s real estate activities have grown extensively, and with positive change comes a greater need to provide a clear unified identity to all of our constituents through branding consistency and to actualize the integration of our businesses whose roots go back to the formation of the Mack Company in 1962,” Mr. Mack added.

Following the rebranding, Jennifer Willstead continues to serve as President of Mack Property Management. Ms. Willstead joined the firm in 2018 after working with AvalonBay for 16 years, and now oversees all of MPM, with offices located in major markets throughout the country including New York, Seattle, Los Angeles, Miami and Boston. MPM already provides top quality management services to third party owners as well as Mack-affiliated entities and partnerships, and is laying the groundwork for a further sub-brand within MPM that will be dedicated to the third-party business. “Our next step, which we expect to execute in the near future, is to create within the MPM platform a dedicated property management brand for our third-party business, applying the same technologies and best practices throughout our owned and third-party portfolios,” said Ms. Willstead.

About Mack Real Estate Group

Mack Real Estate Capital Group LLC, dba Mack Real Estate Group (MREG), is an enterprise devoted to managing institutional, high net worth and Mack family capital by making debt and equity investments in real estate and real estate-related securities through several distinct business lines and legal entities. MREG currently specializes in domestic and international real estate investment, development and financing opportunities with a view toward long term performance and hands on management. The company and its affiliates bring together the expertise to recognize and analyze new real estate investment opportunities with the speed and flexibility necessary to execute on them.

Источник: https://newyork.citybizlist.com/article/626499/mack-rebrands-national-property-management-business

Find Your Dream Dallas-Forth Worth Area Home!

The Mack Group was formed with the principle that service and experience matter! Our team of full-time agents will definitely exceed your expectations. Each one of our local experts brings a perspective on the market that you will find very valuable in your home search experience.

The Dallas-Fort Worth market is expansive, and you need an expert that will help you find the hidden gems in our communities. Our goal is to save you time and money in your home search. We have assisted hundreds of families with the home sale and purchase needs.

Our web-site is designed to give you an up to the minute view of available homes in the areas you are searching, and once set-up we can email you new properties as they become available.
In today’s competitive home market, we have had great success in assisting our clients win in multiple offer situations. Give yourself a competitive advantage and work with one of our proven, dedicated team members!

Источник: https://www.mackgroupre.com/
mack real estate group

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Comments

  1. In that chart promotion next is assistant manager...as we started at deputy manager where assistant manager is lower than dm..anyone answer please

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