DENVER--(BUSINESS WIRE)--The leadership of Alliance Commercial Partners announces that the firm has established EverWest Real Estate Partners (EverWest), a full-service private real estate investment manager and operator, and will adopt that brand name effective today. EverWest represents the culmination of a growth initiative that has been centered on the firm’s expertise in industrial, multi-family, mezzanine debt, office, and retail investments.
The formation of the EverWest brand coincides with the addition of two managing principals to the firm’s executive leadership. Those principals, John Maurer and Gary Picone, will anchor EverWest’s second Northeast office located in Morristown, NJ. The firm’s expansion into the New York metro area, following the formation of a Boston office earlier this year, reflects the growth of its real estate investment management business to a national platform offering a variety of investment products and services to its institutional and high net worth investors.
EverWest will continue to be led by Rick Stone, Larry Lance, and David Ramsay, who have invested in real estate together for over 20 years, along with Jay Alexander, the former BlackRock Realty Chief Investment Officer, who joined the team in 2012.
“Assuming the EverWest name is the logical next step in distinguishing our firm from our competitors as we grow our real estate investment and operating business. We continue to build on our investing success and look forward to providing the highest level of service, commitment, and investment execution for our investors, tenants, brokers and banking relationships,” stated Rick Stone, Chief Executive Officer of EverWest.
EverWest will continue with the same leadership team that has managed the predecessor and affiliate organizations. Lance continues his role of heading all joint venture investing activities of the firm. Alexander heads the firm’s equity funds business. Ramsay continues as General Counsel and leads the due diligence and compliance activities for the firm. The mezzanine debt platform is headed by former Pearlmark and MONY executive, Tom McCahill. Former Vail Resorts and Madison Marquette executive, Paul Andrews, continues as EverWest’s Chief Financial Officer and leads all financing activities for the firm. Asset management is directed by Craig Estrem, a former senior executive at Madison Marquette and BlackRock Realty.
Maurer and Picone, co-founders of Arsenal Real Estate Partners and formerly portfolio managers at Prudential Real Estate Investors, will be joining EverWest as Managing Principals. Their extensive background in institutional investment management and multi-family investing adds to EverWest’s expansive capabilities. “We have known Gary and John for many years. We are pleased they are combining their strengths, strategies, experience and resources to work beside us, growing our multifamily and institutional investment management business,” stated Stone.
In addition to Maurer and Picone, EverWest has hired Arsenal’s four-person investment management team which will establish EverWest’s Northeast (New York metro area) office. Maurer and Picone bring with them a substantial book of existing business to the firm, which will continue to be managed by the same team, now a part of EverWest.
Head of Equity Funds Alexander stated, “The careful growth of EverWest’s capabilities reflects the opportunity we see in real estate markets today as owner operators and is a response to our clients’ appetite for a wider range of investment offerings from investment managers they trust.”
The EverWest senior team has collectively invested over $30 billion across the United States through real estate funds, separate accounts, and joint venture investments. EverWest has $727.2 million of gross assets under management.
About EverWest Real Estate Partners
EverWest Real Estate Partners, LLC is a Denver, Colorado-based leading private real estate investment manager and operator who invests in core, value add, and opportunistic investments in office, industrial, multi-family, retail, and mezzanine debt investments. EverWest serves a variety of clients that include major institutional investment managers, pension plans, foundations, endowments, and high net worth individuals. EverWest provides a full-service investment management operating platform through its six regional offices with established acquisition, asset-takeover, asset management, property management, financing, operations, risk management, advisory, and reporting capabilities to its clients. EverWest has regional offices in the New York metro area, Boston, Chicago, San Francisco, Los Angeles, and Phoenix. For more information, please go to EverWest.com.
