CLEVELAND--(BUSINESS WIRE)--Stark Enterprises, owner and operator of more than seven million square feet of Class A commercial real estate in Ohio, is announcing the addition of Stark Capital Group (SCG).
As a new division of Stark Enterprises, SCG will provide comprehensive real estate capital markets solutions with an emphasis on equity and debt placements, principal acquisitions and asset management.
“As a rapidly growing company with more than $1 billion in our development pipeline, we are confident the time is right to launch this type of endeavor,” said Ezra Stark, chief operating officer, Stark Enterprises. “SCG has the unique ability to structure complex transactions, and is consistently able to secure the most favorable terms available through a variety of institutional and private capital sources, which is crucial for Stark Enterprises as we aggressively expand our portfolio. SCG partners include private equity investors, insurance companies, pension and opportunity funds, family offices and high net worth individuals.”
Nico Bolzan will serve as Executive Director of SCG. With more than 20 years of senior leadership in business development, capital markets, asset management and structured finance for real property markets across a national platform, Bolzan will lead efforts to raise both equity and debt financing through a variety of private and institutional capital sources on a national level.
Bolzan has identified three types of opportunities in the marketplace for Stark Enterprises. These include ground-up development and redevelopment, recapitalization of existing assets and the acquisition of income- producing properties that have a value add component. In terms of its acquisition profile, Bolzan says the company is seeking Class B or higher quality income producing commercial real estate assets valued anywhere from $5-50 million. “This investing style is low-risk, value-added and will focus on income-producing assets across the Midwest and East Coast,” said Bolzan. “We want to aggressively acquire real estate assets that combine a healthy income return for our partners along with a solid appreciation that comes from Stark’s ability to operate the real estate and add value through our management and leasing expertise.”
About Stark Enterprises
Headquartered in Cleveland, Ohio, Stark Enterprises is a full service and vertically integrated real estate development company with the highest level of expertise in acquisition, development, leasing, property management, capital markets, construction, architectural design, landscape architecture, marketing and security. With approximately seven million square feet of Class A properties in its portfolio with an approximate value of $1.5 billion, Stark Enterprises balances revolutionary idealism, new urbanist principals and sustainability practices with economic viability to deliver remarkable, next generation, mixed-use properties. For more information, visit www.StarkEnterprises.com.