Morristown, NJ (PRWEB) September 20, 2005
The Hampshire Companies, a full service, private real estate investment fund manager with equity in assets valued at over $1 billion, today announced the appointment of Yvonne Compitello as Senior Investment Manager for the firm's Hampshire Partners Fund VI (Fund VI), a $235 million real estate discretionary investment fund.
In her capacity as Fund VI's Senior Investment Manager, Compitello will provide oversight of the valuation and growth of Fund VI's assets, including the supervision of the funds' valuation methodology and tracking of the funds' key performance indicators. She will also evaluate proposed Fund acquisitions, and be responsible for due diligence.
Compitello's institutional knowledge of the real estate industry was honed through practical experience as a Real Estate Investment Executive for a number of high-profile commercial and residential real estate investment companies in the New Jersey area. Prior to joining The Hampshire Companies, Compitello served as Managing Director and Portfolio Manager for SSR Realty Advisors (subsequently purchased by BlackRock, Inc.) of Morristown, NJ, managing assets for the Tower Fund, a $1.4 billion open-ended commingled real estate portfolio of office, apartment, retail and industrial properties with 56 institutional clients. In this capacity, she was directly responsible for investment performance, acquisitions and dispositions.
For several years preceding that post, Compitello was Chief Real Estate Officer and Senior Vice President for MBL Life Assurance Corporation in Newark, NJ, managing a $3.5 billion Mortgage and Real Estate Investment Portfolio consisting of commercial mortgage loans, equity owned assets, joint ventures and agricultural loans.
"Hampshire operates in a sophisticated market that demands performance, value and results," commented James E. Hanson II, CEO and President of The Hampshire Companies. "We are tremendously pleased to have a professional of Compitello's caliber as Senior Investment Manager for our institutional real estate investment fund. Under Yvonne's guidance, we look forward to acquiring a number of additional assets for the Fund that will reward our investor base with exceptional returns."
Hampshire Partners Fund VI is a real estate investment fund focused on diversified value-add opportunities in the industrial, retail and suburban office asset classes located in the growth corridors of the Northeast and Mid-Atlantic. With leverage, Fund VI will be acquiring a total of approximately $600 million in real estate over 3 years. The Fund is actively seeking additional acquisitions throughout its targeted markets.
The Hampshire Companies is a full-service, private real estate investment fund manager based in Morristown, New Jersey. The Hampshire Companies is a vibrant, dynamic organization that combines creative vision and superior execution, thereby enabling it to create and enhance value in real estate investments in order to consistently outperform the market. Additional information on The Hampshire Companies and its funds is available online at http://www.hampshireco.com.
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