Alliance Commercial Partners has rebranded as EverWest Real Estate Partners, a private real estate investment manager and operator.
EverWest represents the culmination of a growth initiative that has been centred on the firm’s expertise in industrial, multi-family, mezzanine debt, office and retail investments.
The formation of the EverWest brand coincides with the addition of two managing principals to the firm’s executive leadership. Those principals, John Maurer and Gary Picone, will anchor EverWest’s second Northeast office located in Morristown, New Jersey. The firm’s expansion into the New York metro area, following the formation of a Boston office earlier this year, reflects the growth of its real estate investment management business to a national platform offering a variety of investment products and services to its institutional and high net worth investors.
EverWest will continue to be led by Rick Stone, Larry Lance, and David Ramsay, who have invested in real estate together for over 20 years, along with Jay Alexander, the former BlackRock Realty chief investment officer, who joined the team in 2012.
“Assuming the EverWest name is the logical next step in distinguishing our firm from our competitors as we grow our real estate investment and operating business. We continue to build on our investing success and look forward to providing the highest level of service, commitment, and investment execution for our investors, tenants, brokers and banking relationships,” says Stone.
EverWest will continue with the same leadership team that has managed the predecessor and affiliate organisations. Lance continues his role of heading all joint venture investing activities of the firm. Alexander heads the firm’s equity funds business. Ramsay continues as general counsel and leads the due diligence and compliance activities for the firm. The mezzanine debt platform is headed by former Pearlmark and MONY executive, Tom McCahill. Former Vail Resorts and Madison Marquette executive, Paul Andrews, continues as EverWest’s chief financial officer and leads all financing activities for the firm. Asset management is directed by Craig Estrem, a former senior executive at Madison Marquette and BlackRock Realty.
Maurer and Picone, co-founders of Arsenal Real Estate Partners and formerly portfolio managers at Prudential Real Estate Investors, will be joining EverWest as managing principals.
In addition to Maurer and Picone, EverWest has hired Arsenal’s four-person investment management team which will establish EverWest’s Northeast (New York metro area) office.