Newport Beach, CA (PRWEB) February 12, 2013
ATCO Co-President, Damon Hemmerdinger, headlined the Ivy Family Office Network Newport Beach, CA Forum with a discussion on “Domestic Real Estate” The Forum was held on February 7th in Newport Beach, CA.
According to Mr. Hemmerdinger, “Macro-level trends in American real estate support pedestrian friendly, urban development, which appeals both to young professionals and empty nesters. Several markets weathered the recession and rebounded strongly. Many of those markets are non-gateway cities that have strong “creative classes” i.e. health, science, research, cultural and intellectual property creation oriented hubs with strong connectivity to the rest of country via active airline/transport links, high internet traffic levels and robust social networks”
Moreover, “Value add and core-plus investments represent strong opportunities for the acquisition of office and retail properties in the central business districts and infill neighborhoods of those growing, secondary American cities. These markets are those where growing “creative class” job markets, low costs of living, high quality of life, and smart land use decisions support demonstrable demographic trends that continue to build value. ”
Damon J. Hemmerdinger is Co-President of ATCO and is in charge of acquisitions and development, as well as overseeing the operations and accounting departments. Damon is also the driving force behind ATCO’s City Center Real Estate (ACCRE) Program.
Damon also serves on the New York State Brownfield Advisory Panel, the State’s official policy-making body. His two brownfield cleanup projects were honored with the 2007 Region 2 Phoenix Award and the 2010 NYC Brownfield Partnership Open Space Award, and for solar systems, he earned the 2010 Energy Consumer’s Council Leadership Award.
His public sector experience includes work for the Connecticut Attorney General’s Office, the Clinton White House Chief of Staff’s Office, and the US Department of Defense. Damon is currently Chairman of the Board of Directors of AmericaSpeaks, and is a member of the Board of Governors of the Real Estate Board of New York (REBNY), the Open Air Committee of the International Council of Shopping Centers (ICSC), and the boards of directors of the Queens Chamber of Commerce and the Queens Library Foundation.
He is a graduate of the Yale Law School and Williams College and is admitted to the bar in New York and Connecticut.
Founded 90-years-ago in Queens, NY, ATCO is a fourth generation, family owned owner-developer based in New York City. The company has investments in over $2bn of institutional-quality real estate assets. The company’s legacy portfolio is concentrated in New York City and the surrounding area, while investing in best of class growth opportunities in other markets. ATCO leverages its existing corporate infrastructure to maximize value and bring financial discipline and strong operating expertise in CBD office and retail properties.
The Ivy Family Office Network Forums are part of an ongoing dialogue with family offices to provide high-value education and information on trends for family office investing, structure and operational excellence. Attendees gain practical strategies and solutions to achieve both short and long-term objectives. The program features off-the-record, peer-to-peer discussions in a non-commercial setting, in-depth and highly interactive sessions.
About The Ivy Family Office Network
The Ivy Family Office Network, IvyFON, is a leading peer to peer global family office network with several hundred family offices attending their events around The Americas within the past 12 months. Some of the more than 1,000 past speakers have included 5 of the top 10 largest asset allocating consultancies, pre-eminent alternative investment funds by return, leading institutional investors by size, best-in-class asset management professionals, family office subject matter experts and world-class family offices. Forum sessions are multi-format and cross-disciplinary covering a range of family office centric topics.
IvyFON’s expertise is an outgrowth of one of the United States’ oldest and largest alternative investment networks, the IvyPlus network. IvyPlus began as a peer to peer private equity, real estate and hedge fund network consisting of Ivy League alumni and other participants who attended more than 50 globally comparable programs or through merit are worthy participants in the program. Additionally the IvyPlus/IvyFON networks support deal networks across multiple disciplines including private equity, venture capital and real estate. More than 10,000 investment, family office and institutional investment professionals have attended IvyPlus forums globally. For more information on the Ivy Family Office Network, go to ivyfon.com/contact.html.
For more information on ATCO please contact Damon Hemmerdinger at Damon(at)Atco555(dot)com