Cleveland – Stark Enterprises announced the addition of Stark Capital Group. The new division will provide comprehensive real estate capital markets solutions with an emphasis on equity and debt placements, principal acquisitions and asset management.
Nico Bolzan will serve as executive director of SCG. Bolzan will lead efforts to raise both equity and debt financing through a variety of private and institutional capital sources on a national level.
Bolzan has also identified three types of opportunities for Stark Enterprises: ground-up development and redevelopment; recapitalization of existing assets; and the acquisition of income-producing properties that have a value add component.
“This investing style is low-risk, value-added and will focus on income-producing assets across the Midwest and East Coast,” said Bolzan. “We want to aggressively acquire real estate assets that combine a healthy income return for our partners along with a solid appreciation that comes from Stark’s ability to operate the real estate and add value through our management and leasing expertise.”
“As a rapidly growing company with more than $1 billion in our development pipeline, we are confident the time is right to launch this type of endeavor,” said Ezra Stark, COO, Stark Enterprises. “SCG has the unique ability to structure complex transactions, and is consistently able to secure the most favorable terms available through a variety of institutional and private capital sources, which is crucial for Stark Enterprises as we aggressively expand our portfolio. SCG partners include private equity investors, insurance companies, pension and opportunity funds, family offices and high net worth individuals.”