Marshall Capital Partners and Morgan Stanley formed Russian Mayak Corporate Real Estate, which will offer its services to clients in both the public and private sectors. Mayak will focus on investors whose real estate assets, while sizable, are not part of their core business operations. The firm will also advise both Marshall Capital Partners and Morgan Stanley regarding their own real estate asset management. Michael Golomb, former board member of the Moscow Bank of Reconstruction and Development, will serve as Mayak’s CEO.
Morgan Stanley Real Estate
Morgan Stanley Real Estate began in 1969 as a mortgage and asset brokering firm. After 39 years the company is now a global force in the real estate business with assets in Asia, Europe, and the Americas. Since 1991 Morgan Stanley Real Estate has completed USD 173.5 billion in acquisitions and as of March 2009, claimed more than USD 70 billion currently under management.
In addition to mortgage and asset brokering, the firm also provides investment management, mortgage lending, and capital acquisition services. With headquarters in New York, Morgan Stanley Real Estate employs more than 48,000 people worldwide.
Marshall Capital Partners (www.marcap.ru)
Marshall Capital Partners currently controls an asset portfolio worth USD 2.5 billion. The private equity group focuses on investments in Russia and CIS countries, and serves private and corporate Russian and foreign institutional investors in various economic sectors, including consumer goods and retail, media and telecommunications, real estate, hotel business, and machinery, among others.