David Kulkarni Joins Guefen Development Company as Partner

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Guefen Development Company Expands

Guillermo Guefen, founder of Guefen Development Company, is pleased to announce that David S. Kulkarni has joined his firm effective September 2, 2013, as a partner. Kulkarni previously was a managing director in the investment banking firms of HFBE, Inc. and Stout Risius Ross, Inc.

In 2003, Kulkarni established a real estate group within HFBE to provide a broad range of financing, advisory, and investment services to real estate operating and development companies. Product offerings included access to equity, debt, mezzanine, and mortgage financing, restructuring; restructuring; and recapitalizations. In the past few years, he has raised more than $400 million in institutional equity capital, which financed more than $1 billion in real estate property acquisitions and new development.

Guefen has more than 20 years of experience in all phases of residential and commercial development, acquisition, project management and construction. The firm has experience in a broad array of multifamily real estate developments including low density garden and medium to high density wrap and high rise product intended for the luxury rental market. Guefen currently has ownership in approximately 1,000 units under development and lease up include Haven on Eldridge, Oaks at NorthPoint, Villages at Sunset Ridge, and Liberty Hills Apartments all in Houston.

Guefen and Kulkarni have worked together on several projects in the last few years and are looking forward to working together in many areas of Guefen projects. With Kulkarni joining the firm, they will be able to undertake more projects utilizing their expanded capabilities.

For more information, contact Guillermo Guefen at 713-350-2745 or David Kulkarni at 713-350-2775.


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David Kulkarni
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