BOSTON—Helge Capital, a vertically built-in actual property operator specializing within the acquisition, repositioning, and administration of multifamily properties all through Larger Boston, introduced that Glen Seidlitz, an skilled actual property funding skilled, has joined the agency as Managing Director of Capital Markets.
Mr. Seidlitz is accountable for elevating and structuring institutional capital for Helge property, amongst different areas of oversight. With greater than 25 years’ expertise in business and multifamily actual property, he brings a deep understanding of capital markets and financing, partnership structuring, and funding administration to Helge’s mission.
Glen expressed admiration for Helge founder and CEO Oleg Uritsky and his management group and for the corporate’s imaginative and prescient and efficiency in its focused market.
“It’s been spectacular to observe what Helge has completed in its first 10 years, particularly its emphasis on making use of its funding principals to enhance the properties it acquires and the communities they’re in by implementing its hands-on and data-driven administration method,” Seidlitz mentioned. “Below Oleg’s management, Helge’s give attention to asset efficiency and worth creation makes them a pretty vacation spot for institutional buyers. I’m honored by the chance to hitch this established them and convey my expertise and trade data to this very good firm.”
“Mr. Seidlitz’s historical past of elevating capital and structuring financing made him the right addition to our group to gasoline Helge’s continued development and value-add philosophy,” Uritsky mentioned.
Previous to becoming a member of Helge Capital, Glen based Six23 LLC, which offered strategic recommendation in capital markets, operational buildings, asset and threat administration, and different areas of worth to third-party shoppers within the business and multifamily actual property industries.
Earlier to his founding Six23, Mr. Seidlitz served as Senior Vice President of Finance at Bozzuto, a Washington, D.C.-based multifamily, single-family, and mixed-use developer, supervisor, and funding firm. He led Bozzuto’s structured finance group specializing in fairness and debt capitalizations, partnership structuring, contract negotiations, and investor relations. In his 11 years with the corporate, he raised and structured greater than $850 million in fairness from institutional, household workplace, and high-net value buyers, and closed greater than $3 billion in building loans and everlasting financing.
Mr. Seidlitz holds a bachelor’s diploma in City Planning and Improvement from Virginia Tech and accomplished his Licensed Business Funding Member designation in 2002. A Maryland native, he lives in Washington, D.C., together with his spouse, two youngsters, and their canine.
