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Article: United States: $1.5 Billion Residential REO Fund Launched Today.

Article from:
TendersInfo
Article date:
August 19, 2009
Copyright

Byline: manish03

Richard B. Stewart, Jr., Chairman and CEO of Heritage Capital Resources (HERITAGE) www.heritagecapitalres.com and Peter Monroe, CEO and founder of National Real Estate Ventures (NREV) www.nrev.com announced today the formation of a $1.5 billion Joint Venture and a strategic alliance with Partners in Actions (PIA) www.partnersinaction.org, founded by Curtis M. Cluff, to purchase and sell distressed residential real estate assets on a nationwide basis.

Stewart previously served as Vice Chairman of Lehman Brothers, as well as Vice Chairman of Shearson Lehman Brothers and in various other Senior Executive roles at Merrill Lynch and Kidder ...

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