Real Estate Fund Manager Hudson Realty Capital LLC Named Among "2011 Champions of Diversity"
Certified MBE Recognized for Making an Impact on Ethnic and Gender Diversity.
- New York, NY (1888PressRelease) February 12, 2011 - Hudson Realty Capital LLC, the Manhattan-based real estate fund manager, has been named a "2011 Champion of Diversity" by DiversityBusiness.com, the nation's leading multicultural website. Established in 2002 as a Minority-Owned Business Enterprise (MBE), Hudson is certified by the Empire State Development Agency.
This year's 19 honorees are being recognized for their commitment to diversity issues on a regional and national level as well as making an impact in the areas of employment, procurement, housing and education. DiversityBusiness, which is the largest organization of diversity-owned businesses throughout the United States, has more than 50,000 members who provide goods and services to Fortune 1000 companies, government agencies and colleges and universities.
"Founded as an MBE, Hudson's employment and business strategy has been defined by diversity from day one and has gained even greater momentum during the past several years," said David Loo, managing director and a co-founder of the firm.
"The bottom line for Hudson, like any other fund manager, is performance," added Richard Ortiz, managing director. "This objective is carried forth and successfully achieved by Hudson's diverse team of long-term professionals - many of whom have been with the firm since its inception." Ortiz and Loo co-founded Hudson along with Sanford Herrick, who also serves as managing director.
In addition to ethnic diversity, Hudson's gender diversity initiatives are widely acknowledged. Nearly 50 percent of the company's investment professionals are women, including senior due diligence and asset management staff. These industry-respected professionals include Managing Directors Renee Lewis and Precilla Torres, who have garnered several women in business and real estate industry awards, as well as Directors Heather Mutterperl and Grace Miller, whose responsibilities involve senior-level asset management.
"Hudson is continually seeking to hire professionals who reflect the firm's rich diversity and is committed to socially responsible investing in the nation's secondary markets," added Lewis.
Hudson has established a solid track record of investing in underperforming real estate properties and portfolios, concentrating on fundamentals and comprehensive asset management services in urban and suburban areas. The company subscribes to a selective, balance sheet approach to investing and a long-term business plan that involves repositioning its properties as high-quality, affordable loft/office/industrial space for local businesses, that have been displaced by condominium conversions, or middle-market, working-class housing.
A real estate fund manager with more than $2 billion of assets currently under management, Hudson focuses on originating, purchasing, participating in, servicing and restructuring special-situation debt. In addition, the company invests directly in real estate and acquires under-performing assets and other real estate-related instruments.
Since the formation of its initial two funds in 2002, Hudson has closed more than $3.5 billion in transactions. Based in New York City, the company maintains regional offices in Portland, Maine, and Fort Myers, Florida. Widely recognized within the commercial real estate, finance and business industries, 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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