NEW YORK--(BUSINESS WIRE)--
Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly”) today announced
the recent hiring of several key additions to its existing commercial
real estate platform. “Over the past few months, FIDAC has continued to
grow its commercial real estate expertise,” said Wellington J. Denahan,
Annaly’s Chairman and Chief Executive Officer. “Given the size of the
opportunity that we see in the commercial real estate market, we are
investing in additional personnel to further complement our origination,
underwriting and asset management capabilities within this asset class.”
Annaly previously announced that its acquisition of CreXus Investment
Corp. (NYSE:CXS) (“CreXus”) will close on May 23, 2013. Annaly’s
acquisition of CreXus allows Annaly to wholly own the commercial real
estate platform and significantly enhance CreXus’ capabilities and
growth through the use of Annaly’s broad capital base.
Annaly’s commercial real estate platform will be headed by Robert
Restrick, Managing Director of Annaly. Mr. Restrick has over 23 years
experience in the commercial real estate industry. Mr. Restrick joined
FIDAC in April 2010 as an Executive Vice President and has served as the
Chief Operating Officer of CreXus since June 2011. Prior to joining
Annaly, Mr. Restrick served as Head of the Structured Products Group,
Portfolio Management and Co-Head of the Capital Markets Conduit of
CWCapital Investments LLC. Key additions to the commercial real estate
group include the following executives:
Donald Haber – Mr. Haber joined Annaly as a Managing Director,
Head of Commercial Real Estate Credit. Mr. Haber has over 25 years
experience in the commercial real estate industry. Prior to Annaly, Mr.
Haber served as Co-Chief Credit Officer at Cantor Commercial Real
Estate. Prior to that, he was the Chief Credit Officer for the U.S. CMBS
unit of Barclays Capital.
Peter Morral – Mr. Morral joined as Executive Director, focused
on Origination. Mr. Morral has over 17 years experience in the
commercial real estate industry. Prior to Annaly, Mr. Morral served as
Managing Director of UBS Securities LLC, where he was Head of
Institutional Client and Large Loan originations. Prior to joining UBS,
Mr. Morral was a senior member of the Large Loan Principal & Advisory
Group at Wachovia Securities; a Director in the CMBS new issuance group
at Standard & Poor's; and worked on both the loan origination and
securitization groups in the Mortgage Finance Group at Bank of America
Securities LLC.
Gary Romaniello –Mr. Romaniello joined as Executive Director,
focused on Origination. Mr. Romaniello has over 20 years experience in
the commercial real estate industry. Prior to Annaly, Mr. Romaniello
served as Executive Director at CIBC World Markets, where he was
responsible for the origination of commercial real estate loans on a
national basis for the bank’s balance sheet as well as for
securitization.
Matt Higgins – Mr. Higgins joined as Executive Vice President,
focused on Origination. Mr. Higgins has over 18 years experience in the
commercial real estate industry. Prior to Annaly, Mr. Higgins served as
Executive Director at UBS Real Estate Securities, where he was
responsible for sourcing, structuring, negotiating and originating over
$2.3 billion of secured commercial real estate debt on both a fixed and
floating rate basis. Before UBS, Mr. Higgins performed similar
responsibilities at Morgan Stanley.
Michael Jo – Mr. Jo joined Annaly as Associate General Counsel,
Head of Legal and Structuring – Commercial Real Estate. Mr. Jo has over
13 years of experience in the commercial real estate and structured
finance industries. Prior to joining Annaly, Mr. Jo was at KSL Capital
Partners, Fortress Investment Group and CWCapital managing legal,
strategy and execution of high-yield real estate debt investments and
CMBS.
Henry Gom – Mr. Gom joined as Senior Vice President, focused on
Origination and Business Development. Mr. Gom has over 15 years
experience in the commercial real estate industry. Prior to Annaly, Mr.
Gom served as Senior Vice President of Savills LLC, where he was
responsible for restructuring and sourcing investments with global
lenders, institutional owners, regional operating partners, real estate
funds and REITs. Prior to Savills, Mr. Gom was at Citi Property
Investors and Merrill Lynch & Co.
Greg Kiely – Mr. Kiely joined as Senior Vice President, focused
on Underwriting. Mr. Kiely has over 7 years experience in the commercial
real estate industry. Prior to Annaly, Mr. Kiely served as Director of
Real Estate Finance at CIBC World Markets, where he was responsible for
the original underwriting and subsequent asset management of a portfolio
of floating rate senior mortgage loans and credit facility commitments.
Mr. Kiely previously spent five years at Barclays Capital in its
commercial real estate division.
About Annaly Capital Management, Inc.
Annaly’s principal business objective is to generate net income for
distribution to shareholders from its investment securities and from
dividends it receives from its subsidiaries. Annaly is a Maryland
corporation that has elected to be taxed as a real estate investment
trust (“REIT”).
This news release and our public documents to which we refer contain or
incorporate by reference certain forward-looking statements which are
based on various assumptions (some of which are beyond our control) may
be identified by reference to a future period or periods or by the use
of forward-looking terminology, such as "may," "will," "believe,"
"expect," "anticipate," "continue," or similar terms or variations on
those terms or the negative of those terms. Actual results could differ
materially from those set forth in forward-looking statements due to a
variety of factors, including, but not limited to, changes in interest
rates; changes in the yield curve; changes in prepayment rates; the
availability of mortgage-backed securities for purchase; the
availability of financing and, if available, the terms of any
financings; changes in the market value of our assets; changes in
business conditions and the general economy; our ability to integrate
the commercial mortgage business; our ability to consummate any
contemplated investment opportunities; risks associated with the
businesses of our subsidiaries, including the investment advisory
business of our wholly-owned subsidiaries, including: the removal by
clients of assets managed, their regulatory requirements, and
competition in the investment advisory business; risks associated with
the broker-dealer business of our wholly-owned subsidiary; changes in
government regulations affecting our business; our ability to maintain
our qualification as a REIT for federal income tax purposes; and our
ability to maintain our exemption from registration under the Investment
Company Act of 1940, as amended. For a discussion of the risks and
uncertainties which could cause actual results to differ from those
contained in the forward-looking statements, see "Risk Factors" in our
most recent Annual Report on Form 10-K and any subsequent Quarterly
Reports on Form 10-Q. We do not undertake, and specifically disclaim any
obligation, to publicly release the result of any revisions which may be
made to any forward-looking statements to reflect the occurrence of
anticipated or unanticipated events or circumstances after the date of
such statements.
Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly
www.annaly.com
Source: Annaly Capital Management, Inc.