Peacable Street Capital, which is backed by Orangewood Partners and SunBridge Capital Management, has opened a Chicago office. Also, the firm has appointed Chicago-based Ron Nadler as executive vice president and managing director. Previously, Nadler worked at Kimco Realty where he was the central region president. Based in Philadelphia and with offices in New York City, Toronto and Chicago, PSC is a specialty finance platform focused on small and mid-sized income producing real estate in the U.S. and Canada.
CHICAGO–(BUSINESS WIRE)–Peaceable Street Capital (“PSC” or the “Company”), a specialty finance platform focused on providing preferred equity capital to small and mid-sized income producing real estate in North America backed by Orangewood Partners and SunBridge Capital Management, today announced it has opened a Chicago office and named Rob Nadler as Executive Vice President and Managing Director. Mr. Nadler, based in Chicago, joins PSC’s executive team alongside Co-Founder David Henry and Chief Executive Officer Fred Kurz.
Mr. Nadler has over 37 years of real estate experience and spent the last 20 years at Kimco Realty (NYSE: KIM), where he was the President of the Central Region, responsible for acquiring, developing and/or managing approximately 200 assets with over 30 million square feet and net operating income in excess of $180 million. Prior to Kimco, Mr. Nadler was with JMB Realty Corporation as Executive Vice President and Managing Director.
David Henry, Co-Founder of Peaceable Street, said, “I have worked closely with Rob for more than 15 years, and I am excited to have Rob join us in helping to grow Peaceable Street.”
Rob Nadler added, “I am thrilled to be back working with both Dave and Fred and look forward to contributing to growth of our client and investor base. There is a real void in the marketplace that PSC is filling and the opportunities are bountiful.”
Since launching in January 2016, PSC has completed 16 preferred equity real estate transactions in 28 unique properties across the U.S. and Canada with a combined value of almost $500 million across various sectors, including multi-family, self-storage, retail and RV parks.
About Peaceable Street Capital
Peaceable Street Capital (PSC), based in Philadelphia, PA and with offices in New York City, Toronto and Chicago, is a specialty finance platform focused on small and mid-sized income producing real estate in the United States and Canada. PSC is led by David Henry, former CEO of Kimco Realty Corporation (Kimco), and Fred Kurz, former General Manager of preferred equity investments at Kimco, and is backed by Orangewood Partners and SunBridge Capital Management. PSC targets preferred equity investments ranging from $1-$20 million per transaction across a broad range of real estate assets, including multi-family, office, self-storage, industrial, retail, mobile home parks, parking, health care and hotels. For more information, please visit www.peaceablestreet.com.
About Orangewood Partners
Orangewood Partners (“Orangewood”) is a New York-based private investment firm that pursues equity and credit investments in both public and private companies. Orangewood takes a long-term approach and invests in companies with great management teams and sustainable growth characteristics. The firm seeks to partner with businesses to help provide them the additional capital, resources, operational capabilities and expertise to generate long-term performance. For more information, please visit www.orangewoodpartners.com.
About SunBridge Capital Management, LLC
SunBridge Capital Management, LLC (“SunBridge”) is a privately held multi-strategy investment management firm formed with permanent capital and strategic support from the Bainum family. SunBridge employs a thematic research-based approach to investing in public and private companies across industries and verticals. SunBridge is focused on partnering with high-caliber management teams to invest in growth oriented businesses. With a base of permanent capital, SunBridge collaborates with management teams to grow companies that create long-term shareholder value. For more information, please visit www.sunbridgecap.com.