Andrew Farkas Named One of Most Important People in Commercial Real Estate Finance
According to the Commercial Observer, Andrew Farkas ranks 13th on the list of the 50 Most Important People in Commercial Real Estate Finance. Farkas, who had an outstanding year, is the CEO of the versatile financial real estate firm C-III Capital Partners. C-III is based in Irving, Texas and is an affiliate of Island Capital Group, also run by Farkas. C-III nearly doubled its invested capital in 2012, upping the total to $3.6 billion through recent expansion efforts.
C-III Capital Partners has a full-service, multifamily management company called U.S. Residential Group LLC. Its management services area expanded into four new states this year, while its portfolio increased by more than 25 percent in the same period. C-III also boasts a fully invested Recovery Fund I, an oversubscribed $310M investment fund specializing in distressed assets. Lastly, according to surveys run by the Mortgage Bankers Association, C-III ranks near the top of several commercial and multifamily servicing lists.
Andrew Farkas founded Island Capital in May 2003 and continues to serve as both CEO and Chairman. He also currently serves as CEO at Anubis Advisors and Chairman at Island Global Yachting. Before founding Island Capital, Farkas served as Chairman and CEO of Insignia Financial Group, Inc., a global real estate services company that was merged with CB Richard Ellis in 2003. The merger resulted in the world’s largest commercial real estate services company at the time.