COFINANCE INC. ELEVATES MAURER TO
PRESIDENT AFTER THREE YEARS WITH THE
COMPANY; MAURER'S PROMOTION IS THE
RESULT OF THE SUCCESSFUL EXECUTION OF
INVESTMENT STRATEGY
HACKENSACK, NEW
JERSEY
- JUNE 30, 2007
James
J. Maurer has been elevated to President
of Cofinance Inc. after three years
with the company. Mr. Maurer joined the
company in 2004 as its Chief Operating
Officer with a plan to develop the
company’s investment strategy into a
sponsor-based platform investing alongside sophisticated capital sources.
Under Mr. Maurer’s leadership, Cofinance Inc. has acquired property in New York
City, New Jersey and Florida and enjoys
a reputation as a smart and
sophisticated operating partner with a
professional presentation and creative
entrepreneurial attitude.
During his more than twenty-four year
career as a real estate professional,
Mr. Maurer has established a reputation
as a highly successful developer of
complex commercial real estate
investments. Manufacturers Hanover
Trust, Mutual Beneficial Life, ARES
Realty Capital (a subsidiary of Mutual
of New York), and ING are just a few of
the major financial institutions that
have made or saved millions of dollars
as a result of Mr. Maurer’s negotiating,
planning, and management skills.
Mr. Maurer is well-known in the industry
for his innovative solutions and his
development and implementation of
comprehensive business plans and
operating strategies. Although based in
New Jersey, he has been involved in the
development and management of properties
throughout the United States and Canada.
Mr. Maurer began his career in 1983
negotiating leases and developing exit
strategies for surplus, underutilized or
inefficient properties. By 1991, he had
moved on to developing business plans
and operating strategies for Mutual
Beneficial Life Assurance, managing the
operating and capital budgets for a $125
million portfolio. When Mr. Maurer
joined ARES Realty Capital in 1995, he
added new business development and asset
management to his growing portfolio of
skills. While there, Mr. Maurer managed
an equity portfolio worth $52.8 million
and a debt portfolio worth $133.5
million of challenged assets. At that
time, he also led a national team of 35
people in the $138 million sale of a 2.2
million square foot commercial real
estate portfolio to Goldman Sachs. Mr.
Maurer joined ING Realty Partners in
1997 to manage the investment
performance of a $300 million portfolio
of office, hotel, multifamily and
retail properties. Mr. Maurer developed
strong interpersonal and negotiation
skills together with technical knowledge
of construction, leasing and investment
sales in various property types earning
Mr. Maurer the role of Senior Vice
President specializing in workout
strategies for the groups’ distressed
assets.
Mr. Maurer currently resides in Ramsey, New Jersey with his wife Mary Ann and
his daughter Mary Grace.
For
additional information please
contact us.
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