Hudson Realty Capital LLC Expands Southeast Operations with Opening of Fort Myers, Florida Office

Real Estate Fund Manager to Focus on Recently Acquired FDIC Pool and Other Distressed Assets. End Quote

Fort Myers-Cape Coral, FL (1888PressRelease) March 04, 2011 - Hudson Realty Capital LLC, a real estate fund manager headquartered in New York City, has expanded its southeastern operations with the opening of a regional office at 12734 Kenwood Lane in Fort Myers, Florida. Hudson is growing its asset management and origination platform while concentrating on a portfolio of 109 commercial real estate assets throughout Florida and Georgia recently acquired in partnership with the Federal Deposit Insurance Corporation (FDIC).

Grace Miller will oversee Hudson's southeast operations, including workouts and asset restructuring related to the FDIC pool. A senior asset manager with Hudson since 2008, Miller possesses extensive analytical, due diligence and asset management expertise.

"Hudson has historically been a lender and investor in Florida. Although we strategically slowed our investing in 2006, we have re-entered the market with the FDIC pool acquisition and we intend to grow our presence with more acquisitions as well as direct lending," said Spencer Garfield, managing director, who oversees originations, business development and business relations. "Because of Grace Miller's expertise as a senior asset manager, along with her staff, we believe we are in a strong position to apply a disciplined approach to investing in both Florida and the southeast, in general."

Hudson continues to focus on middle-market opportunistic real estate investments, ranging from $2 million to $25 million per asset or portfolio, often neglected by larger institutions. The company has closed more than $3.5 billion in transactions since the formation of its initial two funds in 2002 and currently has more than $2 billion of assets, including office, retail, industrial and multi-family, under management. The firm also selectively invests in other real estate classes.

Hudson's activities include originating, purchasing, participating in, servicing and restructuring high-yield, special-situation debt. The firm also invests directly in real estate and acquires under-performing assets and other real estate-related instruments.

In addition to its Manhattan headquarters and the new Fort Myers office, Hudson also maintains a northeast office in Portland, Maine. Established as a Minority-Owned Business Enterprise (MBE) and certified by the Empire State Development Agency, Hudson has been named among the New York Area's largest privately held companies and largest minority owned companies, as well as one of the Top 25 lenders nationally.

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