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New Potomac Names CFO to Lead CDO Launch

NEEDHAM, MA-Potomac Realty Capital taps Stephen E. Vickery to drive an upcoming CDO and preferred securities market launch and expand the company's nascent servicing initiative. He will also handle other balance sheet building activities.

By Erika Morphy | Updated on May 11, 2006

(To read more on the debt and equity markets, click here.)

NEEDHAM, MA-Potomac Realty Capital LLC has selected Stephen E. Vickery to be chief financial officer. Daniel M. Palmier, president & CEO, says that Vickery will lead several initiatives the company plans to launch this year, including developing its servicing activities, placing its first collateralized debt obligation and issuing preferred securities.

Overall, Potomac Realty’s financial goal is have balance sheet assets reach $1 billion by year-end, from its current internal value of about $400 million, Palmier says. The firm, nearly two years old, did its first balance sheet loan in November 2004. Last year it did $1 billion in transactions, primarily on the eastern seaboard, according to Palmier.

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