Financing and Developing Publicly-Owned Properties
For years, corporations have taken advantage of sale-leaseback and other forms of credit-backed financing to free up their balance sheets, while the general concept has remained a novel idea for municipalities. Throughout the U.S., budget shortfalls due to ever-increasing pension and healthcare costs coupled with declining tax revenues have eroded the ability of governments to maintain services and pursue community development.
Historically, communities have utilized bond financing to construct government buildings and to fund infrastructure projects. Deteriorating economic conditions, voter discontent and other issues have often stalled proposed projects. WRC can provide both public and private alternatives enabling projects to proceed via credit-backed and credit lease financing structures on a timely and cost-effective basis.
Mike Zukerman in Scotsman Guide
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Michael Zukerman is the Managing Director and CEO of Whitestone Realty Capital, LLC. Whitestone Realty Capital, Inc (“WRC”) is a developer and real estate investment banking firm.
Marv Eisen is a Director of Whitestone Realty Capital (WRC). Prior to joining WRC, Mr. Eisen was a Vice President in his family’s manufacturing business that specialized in apparel for the military, police and fire departments as well as producing metal stampings for General Motors and Ford. A mechanical engineering graduate of the University of Pittsburgh, Mr. Eisen’s responsibilities included oversight of manufacturing operations in 3 plants, supervising 160 direct employees in the firm’s manufacturing operations. The company owned two buildings, and Mr. Eisen was instrumental in building acquisitions and utility infrastructure. Mr. Eisen’s responsibilities at WRC include transaction origination; underwriting due diligence; active participation in lender/investor sourcing and negotiations; and ongoing account management.