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Article: MUTUAL OF NEW YORK (MONY) MERGES ASSET MANAGEMENT DEPARTMENT WITH REAL ESTATE SERVICES SUBSIDIARY
- Article from:
- PR Newswire
- Article date:
- July 5, 1995
CopyrightCOPYRIGHT 1995 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, July 5 /PRNewswire/ -- The Mutual Life Insurance Company of New York (MONY) transferred the employees and operations of its real estate asset management department -- MONY Real Estate Investment Management -- to its wholly owned real estate services company, ARES Holdings, Inc., effective July 1, 1995.
The move will unite MONY's real estate asset management, debt management and property management functions under one corporate entity.
"This will streamline management of our real estate equity and commercial mortgage investments and afford us the opportunity to provide a full complement of real estate services to our third-party clients," said Kenneth ...