Niko Paliouras Named Vice President, Asset Management of Hudson Realty Capital LLC

16-Year Industry Veteran Brings Diverse Commercial Real Estate and General Finance Expertise. End Quote

New York, NY (1888PressRelease) June 14, 2011 - Hudson Realty Capital LLC, a Manhattan-based real estate fund manager, has announced the appointment of Nicholas (Niko) J. Paliouras to the position of vice president, asset management. In his new role, Paliouras will be responsible for a wide range of asset management functions to achieve investment goals.

Hudson, which specializes in middle-market opportunistic real estate investments and portfolio acquisitions, has closed more than $3.5 billion in transactions since the formation of its initial two funds in 2003. Currently, the firm has approximately $2.5 billion of assets under management.

"Niko's commercial real estate, finance and underwriting experience is an important addition to Hudson at a time when we are expanding our portfolio of middle-market loan originations and acquisitions," said Spencer Garfield, principal and managing director.

Prior to joining Hudson, Paliouras was an asset manager for Gramercy Capital Corp., where he provided portfolio oversight of whole and mezzanine, multi-tranched and distressed commercial property loans for the company's Collaterized Debt Obligations. He also previously served as a vice president, producer for RBC Capital Advisors; senior real estate investment associate for Pacific Life's Real Estate Division; and commercial real estate lending officer for Centura Bank, Inc. and Wachovia.

"I am pleased to join Hudson's Asset Management team, which has a distinguished reputation for implementing proactive strategies to maximize returns," said Paliouras. "I welcome the opportunity to further strengthen the firm's positioning as the leading middle-market capital provider."

Hudson is a Minority-Owned Business Enterprise (MBE) certified by the Empire State Development Agency (ESDA), reflecting the firm's ethnic and gender diversity. Based in New York, the company maintains a Northeast regional office in Portland, Maine, and recently expanded its Southeast presence with a new office in Fort Myers, Fla.

Paliouras, a resident of New York City, is a graduate of the University of North Carolina at Chapel Hill's Kenan-Flagler Business School, where he earned a Bachelor of Science in Business Administration.

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