In a release, Fisher partner Winston Fisher calls the investment "a natural extension of our existing business strategy. By combining our expertise as a vertically-integrated real estate investment company with Modern Bank's existing lending platform, we believe we will be able to make a significant impact right away in the markets we have targeted."

Founded in 2006, Modern Bank and its sister organization, Modern Asset Management, cater to a clientele of high net worth individuals. Calling the partnership with Fisher "a further deliberate step in the measured growth and expansion of Modern Bank," CEO Jeffrey Lane says in a release that it embodies the bank's philosophy of providing high, long-term returns for its investors while identifying "innovative and cutting edge" business opportunities that enhance these returns.

Fisher was founded in 1915, and maintains a platform that spans investment and operations. The company operates a core portfolio of six million square feet of office space in New York City and Washington, DC.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.