Strategic Partners
Sterling Equities, Inc.
Sterling Equities is a diversified family-run group of companies guided by the values of partnership and civic responsibility. Its portfolio is focused on holdings in real estate, sports and media. Highlights include the New York Mets, SportsNet New York, Real Estate Investment Portfolios, related real estate services businesses and venture investing. Sterling Equities was founded by Fred Wilpon and Saul Katz as a vehicle to develop and invest in real estate. Sterling Equities has evolved over more than 35 years into a fully integrated real estate operating company focused on the preservation of capital and the creation of wealth. Since 1972, Sterling Equities and its affiliates have purchased or developed over 23.3 million SF of commercial property, 57,800 residential units, 8.7 million SF of retail property and three major sports complexes. Since 1991, Sterling has successfully launched and operated five value-added real estate funds, acquiring approximately 29,000 residential units, 9.2 million square feet of commercial space, and over $1 billion in distressed debt. In addition to its real estate interests, Sterling has ownership interests in Major League Baseball (New York Mets), Media (SportsNet New York) and Venture Capital (including Sterling VC and Sterling Select). www.sterlingequities.com
Westdale Asset Management
Westdale Real Estate Investment and Management has a solid reputation in all disciplines of the multifamily and commercial real estate sectors. The company is well represented in the multifamily industry at the national, regional and local levels with affiliations in NMHC, TAA and many other related associations. With a proven track record of over twenty years, Westdale has demonstrated the ability to find opportunities, create effective marketing programs, undertake strategic capital improvements and achieve operational efficiencies with multiple classes .real estate.
Based in Dallas, Westdale and its 1200 employees operate from six regional offices located in Houston, Austin, San Antonio, Atlanta, Charlotte, and Chicago. Controlling a capital base in excess of $4 billion. Westdale has consummated over 300 acquisitions while creating a nationwide real estate investment, property management, leasing, and construction firm. Westdale currently manages or has previously managed equity investments committed by a broad base of institutional investors, including many leading global fund sponsors, such as GE Capital, CarVal, and Sterling Equities, along with a variety of family offices. www.westdale.com
