High St. Equity hires Cristofori - senior VP and Piccirillo - asset manager
According to High St. Equity Advisors, LLC, a Boston-based real estate investment firm, James Cristofori has been hired as senior vice president and Andrew Piccirillo as asset manager. Cristofori will focus on financing and portfolio management, while Piccirillo will monitor property operations and apply value-adding initiatives to the firm's assets.
In his role as senior vice president, Cristofori will be responsible for project and entity level financing as well as portfolio management and operations.
As a new asset manager at High St., Piccirillo brings more than five years of commercial real estate experience to this position. He will be responsible for the operations of properties under management and implementing business plans for each assignment that will contribute to the firm's overall investment objectives.
East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
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Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
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