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Thor Branches Into Residential

NEW YORK CITY-Slated to be overseen by Joseph Sitt, the effort will also be spearheaded by two former Stonehenge Partners executives.

By Rayna Katz | Updated on October 24, 2013

NEW YORK CITY-Finding a new way to capitalize on real estate’s record-breaking returns, Thor Equities has expanded into residential acquisition and development. To oversee the effort, Thor has hired Alan Klein and Jonathan Fishman—formerly director of acquisitions and director of business development, respectively—at private equity firm Stonehenge Partners to partner with Thor CEO Joseph Sitt. They both become EVPs at Thor.

“Residential real estate is booming in many American cities, presenting Thor with a one-of-a-kind opportunity to enter this expanding market,” says Sitt. “Utilizing the same strategy we implemented in the commercial sector, this new sector will help round out our portfolio and present additional opportunities in the marketplace.”

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