Carlton Chairman Howard L. Michaels has announced the hiring of four senior investment bankers who will work directly with Mr. Michaels and Carlton Partner Michael Campbell in executing the firm’s large loan, equity, debt, recap and restructuring business.
The four individuals are Laura Prager, formerly of Credit Suisse and Bank of America; Ken Montgomery, who previously ran funding at CIT and ING; Rich Cooney, previously a partner at Greenwich Group International; and Daniel I. Bildner, who was at Greenberg Traurig, LLP for 12 years and was most recently Vice President and General Counsel at Armstrong Capital Management LLC.
Mr. Montgomery has 15 years of extensive investment and management experience, including the implementation of repositioning and restructuring strategies for complex real estate transactions, as well as the sourcing and structuring of acquisition and disposition transactions for both investment managers and funds.
Prior to joining Carlton, Mr. Montgomery was a Director of Structured Finance for CIT’s Commercial Real Estate Group and ING Bank’s Commercial Real Estate Finance Group where he was responsible for the East Coast for both firms. Throughout his career, Montgomery has been involved in the origination, underwriting, closing and management of over $5 billion of closed real estate transactions.
Ms. Prager, who is an equity and debt large loan specialist, will work with Mr. Michaels in securing equity for our clients and take advantage of the over 500 pension funds, insurance companies endowments and other off market equity capital sources which Ms. Prager has by virtue of being a Managing Director at I Cap where she advised clients on buying out LP structures.
Mr. Bildner, Managing Director and General Counsel of The Carlton Group and its related companies, is the chief legal officer of Carlton, and involved in Carlton’s advisory, consulting, principal transaction, workout and restructuring businesses. He has over 15 years of experience in the real estate industry. Mr. Bildner is also restructuring and workout specialist having successfully restructured over $1 billion of CMBS with some of the largest servicers in the United States.
Most recently, Mr. Bildner was Vice President and General Counsel of Armstrong Capital Management LLC, an owner and operator of nearly three million square feet of retail, shopping center, office, and multifamily properties, where he oversaw and led the acquisitions, financings, and joint ventures of the company. Prior to that, Mr. Bildner was a partner at the international law firm of Greenberg Traurig, LLP, where he practiced in the Real Estate Department for 12 years handling numerous complex acquisition, financing, construction and joint venture matters.
Mr. Cooney is a real estate investment banking professional with 19 years of experience in the structured finance, sale, development, acquisition, recapitalization and asset management of institutional quality real estate. He has completed more than $6.5 billion in transactions on behalf of both private and public institutions domiciled in the U.S. and abroad. Prior to The Carlton Group, Mr. Cooney was the Founder and Managing Principal of The Bluestone Group, a boutique real estate investment banking firm. Before that, he was a partner at The Greenwich Group International LLC.
“He is a tough-minded, hard negotiator, who has a great track record of representing clients on the sale, refinancing, or recapitalization of large assets,” Campbell says. “Rich also adds to our substantial overseas investor network, as he has substantial experience in working with international investors who are interested in deploying capital into the United States,” Campbell says.
Cooney will work directly with Messers Michaels and Campbell, focusing on loan restructures and in the Carlton Large Loan Group, which specializes in providing large amounts of equity and debt for large, complicated transactions.
Cooney has a B.S.B.A. in finance from Georgetown University and an M.B.A in finance and real estate from the Leonard N. Stern School of Business at New York University.
About The Carlton Group
The Carlton Group is an international real estate investment banking firm with offices throughout the United States and London. Founded in 1991, Carlton has consummated in excess of $80 billion in transactions. Carlton is one of the world’s most successful intermediaries in providing equity and debt capital solutions, as well as providing sophisticated investment sale services. The firm also specializes in providing commercial loan restructuring and recapitalization services. Carlton’s expertise includes arranging passive promotable equity for individual real estate transactions and raising entity level equity capital for institutional sponsors. Carlton also executes an aggressive international advisory platform, which is currently executing well over one billion dollars of equity, debt and investment sale advisory business throughout Europe and Eurasia.