Max Capital Becomes Monday Properties

NEW YORK CITY-Monday Properties enters the marketplace due to the buyout of Max Capital by Anthony Westreich, the newly formed firm’s president and CEO. The company will focus on investment, development, ownership and management on the Eastern Seaboard with a particular emphasis on the markets here and in Washington, DC.

“These are the markets I understand,” Westreich tells GlobeSt.com, adding that other markets that look attractive are Florida and Boston. And while many companies are choosing to go the public route, Westreich vows that won’t happen to Monday. “We will always stay private,” noting it allows for more flexibility and is more entrepreneurial.

Financial details of the private transaction were not revealed. Max Capital founder and chairman Adam Hochfelder released a statement that said the buyout was completed, but had no further comment at this time. Westreich will oversee all operations, including asset management, property management, construction management, leasing and development.