With an anticipated initial raise of $3 billion, RRMB will give
investors access to multiple real estate product types in coastal
LOS ANGELES--(BUSINESS WIRE)--
Rising Realty Partners and G2 Investment Group announced today the
formation of Rising Realty Merchant Bank (RRMB) which will
provide global investors the opportunity to invest in multiple real
estate product types throughout coastal California. The leadership of
RRMB includes two nationally recognized leaders in real estate and
finance: Nelson Rising and J. Todd Morley. The private
venture anticipates raising $3 billion initially.
RRMB will initially focus on real estate opportunities within coastal
California, a strength for Rising Realty Partners given the experience
of its principles in shepherding high profile real estate developments
through entitlement, construction and occupancy throughout the Golden
State. The company will provide equity investors with shares in proceeds
from multiple real estate product types instead of the traditional fund
approach of investing in a single type of real estate (such as office,
retail or single family homes).
Additionally, RRMB will not be constrained by the standard 10 year
horizon of most real estate funds, but instead create lasting equity and
long term enterprise value. As a Merchant Bank, RRMB will also offer
equity opportunities for foreign investment in full compliance with the
Foreign Investment in Real Property Tax Act.
Rising, Chairman & CEO of Rising Realty Partners, has previously served
as CEO of two large, publicly traded real estate companies, as Chairman
of the Federal Reserve Bank of San Francisco, the Real Estate Roundtable
in Washington, DC and the Grand Avenue Committee in Los Angeles. Morley
is Chairman & CEO of G2 Investment Group. Previous to G2, he co-founded
the global investment firm Guggenheim Partners.
In addition to Rising and Morley, Christopher Rising, President & COO of
Rising Realty Partners and Trevor Neilson, President of G2 Investment
Group, will play pivotal roles in the growth of RRMB.
Christopher Rising began his career as an attorney at Pilsbury Madison &
Sutro and has been a Senior Vice President of Asset Transactions at MPG
Office Trust, Inc. and also served as Chief of Staff to brokerage legend
John C. Cushman III at Cushman Realty Corporation in Los Angeles.
Neilson, a former staff member in the Clinton White House, previously
worked for Bill and Melinda Gates at their family office and foundation.
He is also Co-Founder of Global Philanthropy Group, and is active in a
large number of philanthropic ventures around the world.
“We are extremely proud and excited to form a new merchant banking
holding company with Nelson and Christopher Rising and their very
talented team. G2’s investment model is to create investment
partnerships with the best asset operators in any given discipline. The
Risings certainly meet this criteria given decades of successfully
investing in and developing world class real estate projects. We also
feel this is an important time in the economic recovery and a critical
moment caused by monetary policy. Our belief is that hard assets which
offer inflation-protected returns will out-perform dollar and
paper-based assets as we finally eliminate quantitative easing and the
inevitable rise in interest rates,” said Morley.
Founded in 2009, G2’s investment strategy is focused on “pillars” of
human need -- food, water, energy, real estate, health care,
communication, education -- which often create asymmetrical return
profiles, many of which act as a hedge against inflation. Los
Angeles-based Rising Realty Partners currently owns and operates a
portfolio of 16 buildings totaling more than 2.4 million square feet
across coastal California.
“I am extremely pleased to be partnering with Todd Morley, Trevor
Neilson and G2 Investment Group. They bring a global reputation in the
capital markets and an unprecedented level of respect amongst sovereign
wealth funds and ultra-high net worth individuals. It’s well known that
Todd played a seminal role in the structuring and branding of Guggenheim
Partners and that smart, active and highly liquid investors trust his
judgment. Together, we will be able to offer investors a real estate
investment platform that does not exist today,” said Nelson Rising.
Ron Demeter, 213-973-4113 x104
Herbst, 213-973-4113 x101
Source: Rising Realty Partners