By Silverstein Properties
SILVERSTEIN PROPERTIES NAMES SHAWN KATZ
PRESIDENT OF SILVERSTEIN CAPITAL PARTNERS
$5 billion lending Platform poised for continued growth
NEW YORK, June 11, 2024 – New York City development firm Silverstein Properties announced today that it has promoted Shawn Katz to lead its lending platform, Silverstein Capital Partners. Mr. Katz takes over from Michael May, who is stepping down from his role as President of the company to pursue other interests.
In making the announcement, Lisa Silverstein, who serves as CEO of Silverstein Properties, said: “I am delighted that Shawn will lead Silverstein Capital Partners as the platform continues to grow. Over the past six years, he has done a terrific job helping us manage and expand this business. I would also like to thank Michael for his great work launching and building the platform. Thanks to their efforts, we have raised over $5 billion, and financed a number of iconic development projects across the United States and overseas.”
Established in 2018, Silverstein Capital Partners provides senior loans, bridge loans, subordinate loans, and rescue capital to borrowers on shovel-ready ground-up construction, heavy value-add repositioning, land, and inventory loans on completed condominium projects. The platform focuses on residential, industrial, residential, retail and office properties.
In addition, the company announced that it has promoted Tyler Hasemann to Managing Director. Mr. Hasemann, who joined Silverstein Capital Partners in 2019, will continue to be responsible for sourcing and executing credit investment opportunities in his new role.
“I am honored to lead this terrific company, and to continue working with our wonderful team, colleagues, investors, partners, and borrowers,” said Mr. Katz. “I am grateful to Silverstein Properties for their unwavering support, and to Michael May for his leadership over the past six years. I am eager to expand our successful lending platform into a market currently facing a notable supply-demand gap in real estate financing.”
Mr. Katz was previously Senior Managing Director of Silverstein Capital Partners. He joined the company shortly after its inception in 2018, and was actively involved in managing all aspects of the business including originations, execution, portfolio management and investor relations.
Prior to joining Silverstein, Mr. Katz was Managing Partner and co-founder of KUB Capital, where he led the company with an emphasis on acquisitions, investment strategy, capital markets and financial management. Before co-founding KUB, Mr. Katz was Senior Vice President at Rosemont Realty, where he managed the company’s acquisition department and was a member of the company’s investment committee.
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About Silverstein Capital Partners
Silverstein Capital Partners (“SCP”) is a real estate lending joint venture providing financing for all major product types in growing urban markets throughout North America. Leveraging over 50 years of real estate experience, we understand the complexities of development, and navigate the capital stack to better position investments for long-term growth. Our history as borrowers and builders makes us a trustworthy source for developers, able to quickly structure deals that exceed the client's needs and provide efficient capital to sponsors. For further information on Silverstein Capital Partners, please visit www.silvcap.com.
About Silverstein Properties
Silverstein Properties is a privately held, full-service real estate development, investment and management firm based in New York. Founded in 1957 by Chairman Larry Silverstein, the company has developed, owned, and managed more than 40 million square feet of commercial, residential, retail, and hotel space. Recent high-profile projects include 7 World Trade Center, the first LEED-certified office tower in New York City (2006), 4 World Trade Center (2013), Four Seasons Walt Disney Resort (2014), the Four Seasons Downtown and 30 Park Place (2016), One West End (2017) and 3 World Trade Center (2018). For further information on Silverstein Properties, please visit www.silversteinproperties.com orwww.wtc.com.
MEDIA CONTACTS:
Dara McQuillan, dmcquillan@silvprop.com, 212-551-7352
James Yolles, james@risaheller.com, 646-676-4488
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