Steven B. LaBold Joins Monday Properties as Vice President, Acquisitions and Investment Management
NEW YORK-(Business Wire)-September 16, 2009 - Monday Properties, a leading commercial real estate investment and management company focused on New York City and Washington, D.C., today announced that Steven B. LaBold has joined the firm as Vice President, Acquisitions and Investment Management. LaBold will be responsible for evaluating new investment opportunities, executing capital transactions, and investment oversight of the firm’s property portfolio. He will report to Richard A. Brookshire, Senior Vice President, Director of Acquisitions and Investment Management.
“Steve is a high-quality addition to Monday Properties,” said Brookshire. “This environment demands skilled operating expertise, local market knowledge, and well-informed capital. Steve has a real depth of investment experience that corresponds directly with our investment approach.”
“I am very pleased to join Monday Properties at this time when operating fundamentals matter most,” said LaBold. “With a proven track record, Monday Properties’ underwriting discipline is matched by its on-the-ground execution. This distinction within a turbulent marketplace puts us in a strong position to take advantage of new opportunities.”
LaBold, 40, most recently served as Vice President of Transactions at Prudential Real Estate Investors, where he managed acquisitions, joint-ventures, mezzanine loans, and preferred equity investments throughout the Northeast U.S. During his fifteen year tenure there he was responsible for numerous successful real estate investments. LaBold received his MBA with a concentration in Real Estate from Rutgers University and his B.S. in Business Administration from the University of Delaware.
About Monday Properties
Monday Properties is a privately-owned real estate company with substantial operating capabilities in two of the world’s leading investment markets, New York City and Washington, D.C. As a leading owner and operator of institutional quality real estate, Monday Properties specializes in repositioning, developing, and redeveloping CBD property in first-tier submarkets. The firm co-invests its capital alongside its partners and investors, creating a clear alignment of interest and incentive to create value. Since 2002, the organization has completed $4.8 billion of property acquisitions and/or development in New York City and Washington, D.C. Today, Monday Properties owns 6.4 million square feet across a 16-office building portfolio that operates at 93% occupancy.
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