
Overview
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REInvest is undergoing a period of tremendous growth, with CHF 450 MM investments throughout its core market, Switzerland, in 2006 alone. A further €50 MM of assets have been acquired in Germany as the Investment Advisor to NIS REInvest Berlin Residential Ltd, a dedicated fund with a focus on Berlin residential assets. |
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Vision & Philosophy
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Strategy
REInvest’s investment strategy is twofold |
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Core Market Asset Management |
Non-Core Market Investment Management |
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Switzerland offers an interesting and stable investment environment with low interest rates. The Swiss real estate market reacts generally to the same triggers as equivalent US and European markets, although with somewhat of a time lag, permitting better visibility and allowing market anticipation. Switzerland's historic confinement, its 23 cantons with different legal structures, and ongoing oligopolistic modus operandi generate market inefficiencies. As a result, Switzerland provides numerous untapped investment opportunities. At this time, the high proportion of ownership and the high quality of commercial real estate owned by Swiss medium-sized companies combined with the current contraction of industrial financing in Switzerland provides an exceptionally attractive investment opportunity. |
As is the case in Germany, REInvest has been selected by a key group of its investors to apply the same quality of investment processes and controls on a foreign market. By bringing its set of international real estate best practices to bear, REInvest as Investment Manager is driving the acquisition and asset management process, but always in partnership with an identified local market player, who brings core local market knowledge and relationships.. On the back of its successes - a long investment track record in Asset Management on its core market, and the ongoing implementation of its Investment Management strategy, REInvest is currently underwriting for its investors further additional investments outside of Switzerland . Niche products both for core European markets, and for specialized emerging markets are planned. |
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Overview
REI International was launched with the vision of expanding REI’s investment scope beyond the limitations of its home market, and to offer its investors access in particular to emerging market growth. Applying real estate best practices learned at groups such as Morgan Stanley, Lehman Brothers, Goldman Sachs and the Soros Group, the REI team began evaluating international investment opportunities with joint-venture partners in 2004. The international expansion began with a joint venture project with Bouran Construction in Jordan, for the construction of a 2’600 m2 office building in the CBD of Amman. The project was completed in 2008 and will deliver an unleveraged 15-20% IRR to investors. At the present time, no further projects in Jordan are planned. In Germany, REI acted as Investment Advisor to NIS Investment Solutions, in acquiring and managing a €50 M portfolio of multi-family assets in Berlin, including on loft redevelopment, www.box117.de. In Mexico, REI manages the growth of a land bank, which has to date invested some USD 10mm into beachfront properties on the Pacific Coast, as well as having taken a stake in the Queretaro based developer, Centurion Real Estate & Resorts, which is currently building two projects of 350 homes each, in the middle income and upper-middle brackets (see www.otomi-lv.com). REI intends to deepen its investments in Mexico as a strategic growth market for the future. |
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Germany Mexico Jordan |
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After two successful smaller scale projects with Bouran Construction, REInvest decided to embark upon a larger joint venture for the development of an office property in the central Shmeisani district, where many local bank headquarters are to be found. Adjacent to the soon to be revitalised Abdali downtown revitalisation project, a parcel of 1'000 m2 was identified and purchased in Q3 2005. |
The Property is located on a side street parallel to the central business artery of Shmeisani District. Shmeisani is a major upcoming financial and business district, with five major banking headquarters located within one square kilometer of the site. |
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Overview
Throughout the 90s, after the bursting of the late 80s real estate bubble, the principals of REInvest were buying foreclosed properties and distressed debt on the local Swiss market. At the same time, the nature of European real estate debt was changing, with the introduction of CMBS securitisation products in Europe. In his capacity as Managing Director at WTF Properties, Tamer Amr worked with Lehman Brothers in the 2004 structuring and issuing of the first Swiss CMBS deal, the CHF 1.1 billion Eiger Trust. Today, after a period of immense asset inflation, the leverage bubble is again bursting, and AAA real estate debt offers an extremely interesting investment opportunity. REI has assembled a core team of Lehman Brothers real estate finance individuals with whom it has worked to seize this opportunity.
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Team
| Lars Mohn | Managing Director at Lehman Brothers in London. From 2000 to 2008, Mr. Mohn worked at Lehman in various capacities of increasing responsibility in the Global Real Estate Group, including: Head of German Real Estate Group, responsible for 10 person origination team, sourcing senior lending and equity investment opportunities in Germany in excess of $3 billion, and acquiring German Performing, Sub-Performing and on-Per -forming Commercial Mortgages, in excess of $1 billion in mortgages; developing Lehman’s commercial mortgage loan syndication and credit distribution platform; mortgage trader, senior transaction manager and lead execution banker for European CMBS transactions, in excess of $10 billion. |
| Aleksander Petrov | Executive Director at Lehman Brothers in London and Moscow, he was responsible for equity and mezzanine investments in real estate projects across Eastern Europe and Russia. Before that, he was the senior trader on Lehman’s Structured Finance desk building, one of the most highly rated and profitable ABS/CMBS trading desks in Europe with a team of 4 people. The desk achieved a cash volume of over $35billion per year trading all types of securitised products. |
| Tamer Amr | began his career in distressed real estate, working out a $75 million portfolio of foreclosed Manhattan properties from 1993-1996 with The Brodsky Organisation. In 1998 with Dan Meyer he launched the predecessor to RE-Invest SA, the exclusive joint venture bid partner in Switzerland for Morgan Stanley Real Estate Special Situations. Tamer was Managing Director from 2001 to 2007 of WTF Properties in Zurich, a CHF 1.4 billion joint venture between Lehman Brothers and PSP Swiss Property, which itself launched the first Swiss CMBS issuance, the CHF1.1 billion Eiger Trust. WTF delivered a 72% IRR to investors on a portfolio of 140 properties. Since 2006, working with RE-Invest SA, Tamer has launched numerous real estate investment vehicles in Switzerland, Germany and Mexico, investing some USD 50mm of equity. Mr. Amr holds a BA magna cum laude from Amherst College in 1992, and received his MBA from INSEAD, in Fontainebleau, France in 1997. |
| Dan Meyer | began as an independent real estate investor in Switzerland in1992, building up a substantial portfolio of multi-family housing in Geneva. To date, he has been the principal investor in more than 20 partnerships of assets valued over CHF 300 million. The consolidated compounded yearly IRR of these investments to date is 35%. In 1997, Mr. Meyer worked with Goldman Sachs’ Whitehall Fund, prior to founding the predecessor to REInvest SA, the exclusive joint venture bid partner in Switzerland for Morgan Stanley Real Estate Special Situations. In 1999, he joined Soros Real Estate Partners as a European acquisitions officer before returning to relaunch REInvest in its current form in 2001. Mr. Meyer holds a BS and MS in Thermo-Nuclear Physics from EPFL, Lausanne, and received his MBA from INSEAD, in Fontainebleau, France in December 1997. |
| D.R. | is a Director in Lehman Brothers' European real estate London team. He joined Lehman in 2004 and has worked on 4 Windermere issuances in excess of $5 billions as lead banker, as well as various syndications of whole loans and B Notes. He has also been involved in a range of senior lending, mezzanine and equity investments with a number of funds and UK property companies, including Delancey, Investream, Wichford, Kenmore, Fortress, Resolution and Protego. |
Management Team
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Dan Meyer President |
Tamer Amr Director |
Lars Mohn Director |
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In 2001, Mr. Meyer, a Swiss national, founded REInvest SA to capture real estate opportunities in the Swiss commercial real estate market . He has been an independent real estate investor in Switzerland since 1992, building up a substantial portfolio of multi-family housing in Geneva. |
Executive Director of WTF Properties in Zurich, a joint venture between PSP Swiss Property and Lehman Brothers, which in 2001 acquired 140 assets, and subsequently renovated and resold them for CHF 1.3 billion. |
Lars Mohn was a senior advisor at Treveria until 2010, advising on various debt restructurings. |
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Board of Directors
| Dan Meyer Chairman |
In 2001, Mr. Meyer, founded REInvest SA to capture real estate opportunities in the Swiss real estate market in continuation with his real estate investment activity since 1992 with REInvest-Meyer. Mr. Meyer has been an independent real estate investor in Switzerland since 1992, building up a substantial portfolio of multi-family housing in Geneva. Over the course of the different investment cycles, Mr. Meyer has been focusing later on commercial and industrial assets. To date, he has been partner, as principal investor, in more than 20 partnerships of assets valued at about CHF 200 million. The consolidated compounded yearly IRR of these investments to date is 35%. In 1997, Mr. Meyer worked with Goldman Sachs’ Whitehall Fund, prior to founding a real estate private equity co-investment vehicle in Switzerland, working exclusively with Morgan Stanley as client. In 1999, he joined Soros Real Estate Partners as a European acquisitions officer. Mr. Meyer holds a BS and MS in Thermo-Nuclear Physics from EPFL, Lausanne, and received his MBA from INSEAD, in Fontainebleau, France in December 1997. |
| Tamer Amr Director |
Executive Director of WTF Properties in Zurich, a joint venture between PSP Swiss Property and Lehman Brothers, which in 2001 acquired 140 assets, and subsequently renovated and resold them for CHF 1.3 billion. Mr. Amr began his career with his family’s real estate development and management business, The Brodsky Organisation, which has been active in New York City for the past fifty years. There he managed property prior to becoming the lead asset manager of a $75 million portfolio of distressed Manhattan real estate, and later worked with P&O’s Bovis International in London bidding on governmental real estate privatisation (PFI) projects. He also worked with the leveraged buy-out fund, Edelman Investment Management, covering France and Switzerland before launching a real estate private equity co-investment vehicle in Switzerland with Morgan Stanley as the exclusive client.Mr. Amr holds a BA magna cum laude from Amherst College in Massachusetts, and received his MBA from INSEAD, in Fontainebleau, France. |
| Carole Meyer Board Member |
Currently a legal clerk at the Geneva Prosecutor’s Office conducting legal research on penal matters. Prior to this, Mrs. Meyer worked as legal counsel at Hong-Kong and Shanghai Bank (Suisse) SA where she was responsible for the registration of Investment Funds in Europe (Italy, France, Germany and Belgium). Her responsibility was to cover all the legal aspects of the registration such as the analysis of the legal structure and investment policy of the funds in regards to the local regulation, the setting-up of necessary local structures and the negotiation of distribution and representation agreements. Mrs. Meyer is a member of the bar in Geneva, and graduated from the University Geneva’s Law School. |
| Lars Mohn Director | Lars Mohn was a senior advisor at Treveria until 2010, advising on various debt restructurings. Lars Mohn was a Managing Director at Lehman Brothers and Head of German Real Estate Finance Group until 2008, responsible for equity, mezzanine and senior financing opportunities in Germany, Switzerland and Austria. Prior to joining Lehman Brothers in 2000, Mr. Mohn started his real estate finance career in 1997 with Finova/Belgravia in Los Angeles and San Francisco. Mr. Mohn is a CFA charter holder and holds an Honors BA in Economics form the University of California, Irvine. |
| Laurent Selvi Board Member |
Laurent Selvi is a Managing Director of Selvi & Cie SA, a Swiss regulated Financial Institution offering Private Banking, Custody, Brokerage and Investment advisory services to an international and domestic private clientele.Mr. Selvi started his career as a research associate with a Private Bank in New-York before joining the family Firm in 1986. He is a member of the Swiss Bankers Association and Chairman of AUDAS, a Swiss think tank and user group of 25 Swiss Banks spread in all three linguistic regions and sharing the same IT platforms.Mr. Selvi has received his academic education in Paris and Geneva at the University of Geneva, Commercial Sciences Faculty as well as in New-York through the internal formal staff training program at Brown Brothers Harriman & Co. |
Investor private area access
Press
07.05.2010 |
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24.04.2009 |
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23.04.2009 |
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01.02.2009 |
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12.11.2007 |
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31.12.2007 |
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20.09.2006 |
Photos
Technoparc (Ecublens) |
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Cinedome (St Gallen) |
Management
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Dan Meyer |
Lars Mohn |
Tamer Amr |
President |
Director |
Director |
Property Management
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Muriel Soulenq |
Amandine Gely |
Property Manager |
Assistant Property Manager |
Tél. : +41 (0)22 908 55 99 |
Asset Management
Tél. : +41 (0)22 908 55 99 |
Accounting
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Cédrik Devienne |
Valérie Moynat |
Accountant |
Junior Accountant |
Administration
Tél. : +41 (0)22 908 55 88 |
Distressed Financing
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Tamer Amr |
Lars Mohn |
Aleksander Petrov |
Dan Meyer |
D.R. |
Job vacancies
REInvest SA — Rue Robert-Céard 6 - 1204 Genève, Switzerland Tel. : +41 (0)22 908 55 88 Fax : +41(0)22 908 55 89 email : info@reinv.ch |
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