Rainier Capital Management Opens New Regional Office in Charlotte

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Rainier Capital Management announces the formation of a new regional affiliate in Charlotte, North Carolina - Rainier Realty Finance, LLC. Rainier Realty Finance will focus on originating credit tenant lease acquisitions and developments, sourcing mezzanine lending opportunities for Rainier’s investment Funds and developing new relationships and opportunities for Rainier.

Rainier Capital Management, L.P., a Dallas, TX-based commercial real estate investment management firm, announces the formation of a new regional affiliate in Charlotte, North Carolina - Rainier Realty Finance, LLC. Ray Gee has joined the firm as President along with Adam Martin as Senior Vice President.

Gee, with over 25 years experience in commercial real estate, joins Rainier from FSL Advisors, where he focused on providing structured finance strategies for commercial real estate by combining bond finance, credit enhancement, and tax credit solutions. Martin, with over 15 years experience, joins from Pinnacle Capital Partners, an affiliate of Pinnacle Properties, a full-service real estate company; where he sourced financing for acquisition and development. Prior to that, Martin was a Vice President with Deutsche Bank in its Commercial Mortgage-Backed Securities group. Gee and Martin, both Arthur Andersen alums, worked together previously in the 90s and 2000s at Financial Structures Limited, a subsidiary of UK insurer Royal & SunAlliance, where they provided credit enhancements to facilitate commercial real estate financing.

Rainier Realty Finance will focus on originating credit tenant lease acquisitions and developments, sourcing mezzanine lending opportunities for Rainier’s investment Funds and developing new relationships and opportunities for Rainier. In 2009, Rainier partnered with Ray Gee to acquire the 600,000 sq ft, $165 million GSA Social Security Administration building in Birmingham, AL. Due to the lack of liquidity in the real estate markets, Rainier and Gee believe 2010 will be a good year to use their structured finance techniques to build a large credit tenant lease portfolio and to place “gap” or mezzanine capital into properties realizing shortfalls in their refinancing proceeds.

Rainier President Ken Dunn states, “We are excited with the opening of the Charlotte office and the addition of Ray and Adam to the Rainier team. Rainier stands ready to provide much needed liquidity in this market via our current offerings and looks forward to developing new fund vehicles in 2010. We look to Ray and Adam to be integral in sourcing product for our existing funds as well as indentifying opportunities for new offerings”.

For more information about Rainier Capital Management visit http://www.rainiercapital.com. For more information about Rainier Realty Finance, call Adam Martin at 704-995-2569.

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