Bridgewater, NJ (PRWEB) December 2, 2010
Convergence Hampshire Partners, a strategic venture between Convergence Investments, a Jackson Hole-based investment, consulting and development firm, and The Hampshire Companies, a prominent east coast, privately held, fully integrated real estate firm, has announced that Douglas Freedman has joined as Partner.
Mr. Freedman brings over 12 years of experience in a variety of real estate related disciplines including the development of residential and commercial land, mixed-use village centers, hotels, multi-family for sale and for rent projects and the creation of mixed-use traditional neighborhood design communities. His responsibilities have included the development and disposition of over 10,000 lots and 2.5 million square feet of commercial space. Prior to joining The Convergence Hampshire team, Mr. Freedman was with Chicago, Ill.-based Endeavor Companies where he was a Managing Director and responsible for all real estate activity including sourcing new product, raising equity, underwriting deals, closing transactions, joint venture strategy and dispositions.
Mr. Freedman also spent 8 years with Pritzker Realty Group "PRG", the real estate arm of the Pritzker family office and Rock Companies. At PRG, Mr. Freedman served as the Director of Development for the Baldwin Park Development Company. Baldwin Park is a unique redevelopment of an 1,100-acre parcel that was formerly The Orlando Naval Training Center and is now a mixed-use community with neighborhoods, shops, offices and schools. Prior to PRG, Mr. Freedman spent three years with the Walt Disney Company where he served as the Manager of Commercial Development for the Celebration Company and was responsible for commercial and multi-family development for Disney's Town of Celebration and Little Lake Bryan.
"Douglas brings invaluable knowledge of deal acquisition and project management, as well as equity capitalization through his contacts with third party capital providers," said Colby Cox, Founder and President of Convergence Investments. "His long history in the real estate development industry as well as his knowledge and experience in real estate funds is a significant contribution and beneficial addition to our investments team."
"Douglas' widespread industry knowledge coupled with the Convergence Hampshire partnership combines a proven investment strategy and management team with the experience and accomplishments of a dedicated real estate specialist," added Jeffrey Hanson, a Principal of The Hampshire Companies. "This partnership is the result of years of hard work and solid results by our team. I am confident in our partnership and look forward to continued success over the coming years. We welcome Douglas to our incredible team of real estate professionals."
Convergence Hampshire Partners brings together diverse real estate investment experts with capital resources, investment experience, management talent and a track record of successful developments under one roof. The Convergence Hampshire partnership provides the ability to acquire assets under favorable risk-minimizing structures in desired locations and to deliver marketable master-planned community projects to end-users through an experienced team of development managers. End-users include strategic real estate industry buyers and institutional investors.
Mr. Freedman holds a Bachelor of Arts degree in Economics from Denison University, and an MBA from the University of North Carolina. He is a member of the Urban Land Institute and Congress for New Urbanism and currently resides in Chicago, Ill.
About The Hampshire Companies
The Hampshire Companies is a full-service, private real estate investment firm based in Morristown, N.J. 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. Additional information on The Hampshire Companies is available online at http://www.hampshireco.com.
R&J Public Relations