Hudson Realty Capital LLC Ranked Among New York Area's Top Minority-Owned Firms

Top Quote Company is Only Real Estate Fund Manager to Earn Coveted Acknowledgement. End Quote
  • New York, NY (1888PressRelease) July 03, 2010 - Hudson Realty Capital LLC has been cited as the 19th largest minority-owned company in the New York area. The firm is the only real estate fund manager among the 25 companies to achieve this ranking, which was compiled by Crain's New York Business based on revenues. Hudson also was recently cited by the prestigious business publication as one of the tri-state area's largest privately held companies.

    "At Hudson Realty Capital we are proud of our corporate culture and diversity where women and minorities comprise more than half of our employee base," said Spencer Garfield, Hudson's managing director.

    Hudson earned Minority-Owned Business Enterprise (MBE) certification from the New York State Department of Economic Development in 2006. To qualify, an MBE must be at least 51 percent independently owned by minority individuals. Founded in 2002, Hudson's principals include Managing Directors Renee Lewis, David Loo and Richard Ortiz.

    Hudson Realty Capital is a middle-market real estate lender and investor. Hudson's activities include originating, purchasing, participating in, servicing and restructuring special-situation debt. In addition, the company invests directly in real estate and acquires under-performing assets and other real estate-related instruments. Hudson's investments typically range from $2 million to $25 million per asset and are located in secondary urban and suburban markets nationwide where conventional capital remains constrained.

    Currently, the company has more than $2 billion of assets under management and has closed transactions exceeding $3.5 billion since the formation of its initial two funds in 2002. Based in New York City, Hudson maintains branch offices in Portland, Maine, and Boca Raton, Florida.

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