WALNUT CREEK, CA-GlobeSt.com has exclusively learned that Greg Genovese, a 25-year commercial real estate and securities industry veteran, has launched US Global Realty Capital LLC, a full service real estate investment, advisory, and distribution company specializing in real estate securities and investment funds. USG has completed a strategic alliance agreement with Capview Partners, a Dallas-based investment and real estate consulting firm.
Jointly, the companies will launch co-branded investment programs structured as Delaware Statutory Trusts. The investments will focus primarily on high-credit quality tenants in smaller to medium-sized net-leased retail properties.
“Our belief is that DSTs developed for small to medium-sized retail properties, net leased to high-credit quality tenants with the most cost effective structure represents a newer and improved investment methodology than other current opportunities,” Genovese explains. “Capview Partners is one of the most respected and successful net lease real estate firms in the country with a proven track record of delivering superior returns to their investors. Our goal is to deliver the most competitive tax advantaged yields in the market today while mitigating investor risk.”
Genovese continues that “We believe this can be accomplished by developing a DST structure with the lowest cost structure possible and investing in deals with low ongoing expense requirements. If you add to this, high-credit quality tenants on long term leases and safe property financing you can see why I believe we have something new and dynamic for today's conservative investor.”
Genovese oversees all aspects of USG's real estate securities operations with a focus on its distribution and sales platform, securities development, advisory services, marketing and asset management services.
Over the course of his career, Genovese, he has held executive management, distribution leadership, sales and marketing positions resulting in more than $4 billion in new equity investments for various REIT, LLC, 1031 exchange programs, debt and IPO offerings for firms including Grubb & Ellis Securities, Wells Real Estate Funds, Cowen & Co. and the former Bear Stearns (now part of JP Morgan Chase).
Check back later today for an update on this story, with more thoughts from Genovese on the local market.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
