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625 Madison Ave. New York, NY 10022-1801 NY Tel. 212-317-5700 Toll Free 800-831-4826 Fax 212-751-3550 |
Type: Public
On the web:
http://www.centerline.com
Employees:
375
Employee growth: (25.0%)
Centerline Holding sponsors funds to invest in real estate assets, including commercial mortgage-backed securities (CMBS) and collateralized debt obligations (CDOs). Centerline primarily invests in tax-exempt municipal bonds issued to finance the construction or renovation of affordable housing and other multifamily properties. Subsidiary Centerline Capital has raised some $12 billion through sponsored real estate investment funds, more than $8 billion of which has been used to finance affordable housing. Other units write and underwrite loans on behalf of Fannie Mae, Freddie Mac, and other entities. Centerline Holding has more than $14 billion in assets under management.
Key numbers for fiscal year ending December, 2008:
Sales: ($106.8)M
Net income: ($232.2)M
Officers:
Trustee; President and CEO, Centerline Capital Group: Marc D. Schnitzer
CFO: Commercial Real Estate & Construction Lending
Competitors:
iStar Financial Inc
MuniMae
Wells Fargo Multifamily Capital




