Phoenix Realty Group Appoints Edward J. Ratinoff Managing Director, National Acquisitions

NEW YORK & LOS ANGELES--(BUSINESS WIRE)--Phoenix Realty Group (PRG) announces the appointment of Edward J. Ratinoff as Managing Director, National Acquisitions. PRG manages two private equity real estate funds currently in their commitment periods totaling $470 million in capital. Ratinoff will oversee the firm’s acquisitions teams focused on those funds in New York City and Los Angeles, targeting investments in urban residential and commercial properties in the greater Los Angeles and New York metropolitan areas.

“Real estate markets are showing increasing opportunities for our investment strategy, and Ed Ratinoff is an important part of our strategic plan to source, structure and secure the best of those opportunities. Ed’s national leadership and best practices will leverage our experienced, locally based acquisition teams and vice-versa.”

“We are excited to add such a high-caliber real estate professional to lead our teams,” said J. Michael Fried, PRG founder and chief executive officer. “Real estate markets are showing increasing opportunities for our investment strategy, and Ed Ratinoff is an important part of our strategic plan to source, structure and secure the best of those opportunities. Ed’s national leadership and best practices will leverage our experienced, locally based acquisition teams and vice-versa.”

Ratinoff brings a diverse real estate background to PRG, having served as both a principal and an advisor managing public and private equity transactions, senior and mezzanine debt placements, structured finance and advisory services. Prior to joining PRG, he spent five years as managing director with J.E. Robert Companies/JER Partners, a global real estate investment firm with more than $5 billion of institutional capital under management. While at JER, Ratinoff oversaw JER’s national multifamily strategy, was a member of the Investment Committees for US Fund Management and JER Investors Trust (NYSE: JRT), and executed transactions representing more than $750 million in gross asset value across the United States.

Earlier in his career, Ratinoff was a principal with Fowler Flanagan Partners, a California-based multifamily investment firm, held senior real estate investment banking positions with Keybanc/McDonald Investments, Chase Securities and BT Alex. Brown, and was a development manager for Paragon Group, a Northern California-based multifamily and commercial developer. Since 1988, Ratinoff has been involved in real estate transactions totaling in excess of $5 billion.

Ratinoff earned his Masters of Business Administration from the J.L. Kellogg Graduate School of Management, Northwestern University, and his Bachelor of Arts in Architecture from University of California, Berkeley.

Phoenix Realty Group (www.phoenixrg.com) is a national real estate investment manager and owner-operator providing capital and expertise for the development and operation of rental and for-sale residential properties, low-income tax-credit housing, and mixed-use and commercial projects in urban areas across the United States. The vertically integrated firm maintains extensive fund management, underwriting, development, construction management and asset management capabilities.

PRG has attracted investments from America's leading public pension funds, banks and insurance companies, with discretionary funds that invest in opportunistic and value-added real estate ventures. The firm currently manages investments representing more than $3 billion in real estate development and acquisitions.

NOTE TO EDITORS: A photo of Edward Ratinoff is available in electronic format by contacting Francie Murphy at 858/350-5152 or [e-mail].