CRIIMI MAE Hires Stephen M. Abelman as EVP - Asset Management
30 October 2003 - 6:17AM
PR Newswire (US)
CRIIMI MAE Hires Stephen M. Abelman as EVP - Asset Management
ROCKVILLE, Md., Oct. 29 /PRNewswire-FirstCall/ -- CRIIMI MAE Inc.
today announced that Stephen M. Abelman has accepted the position
of Executive Vice President - Asset Management. Mr. Abelman has
over 15 years of experience in asset management, dispositions,
acquisitions, deal structuring, debt restructuring, principal
equity investments, and general management. He will report directly
to CRIIMI MAE's President and COO, Mark R. Jarrell. "We are very
pleased that Steve has accepted the position as head of asset
management and special servicing. He brings a wide range of real
estate and mortgage-backed securities experience to CRIIMI MAE.
Steve will make significant contributions to the Company," said
President and COO, Mark R. Jarrell. Mr. Abelman previously served
with Archon Group, a wholly-owned subsidiary of Goldman Sachs, from
1993 to 2003, most recently as Vice President responsible for the
asset management of real estate, real estate debt, and mezzanine
and preferred equity investments owned by Goldman and its Whitehall
Street Funds. Mr. Abelman was also responsible for asset and
portfolio projections and performance, including investments in
mortgage-backed securities and real estate. From 1997 to 2001, he
managed Archon's $1 billion-plus northeast portfolio, comprised
primarily of real estate and non- performing loans from Washington,
D.C. through New England. Mr. Abelman's responsibilities also
included sourcing, underwriting and acquiring real estate in the
United States and Mexico. Prior to 1997, Mr. Abelman's experience
included managing and disposing of hotels, office buildings and
other commercial real estate loans and properties, and preparing
and executing strategies designed to maximize financial returns.
CRIIMI MAE Inc. is a commercial mortgage REIT based in Rockville,
MD. CRIIMI MAE holds a significant portfolio of commercial
mortgage-related assets and performs mortgage servicing functions
for approximately $16 billion of commercial mortgage loans. For
further information, shareholders and securities brokers should
contact CRIIMI MAE Inc at (301) 816-2300, e-mail and news media
should contact James Pastore, Pastore Communications Group LLC, at
(202) 546-6451, e-mail . DATASOURCE: CRIIMI MAE Inc. CONTACT:
Shareholders and securities brokers: Susan B. Railey,
+1-301-468-3120; or News media: James T. Pastore, +1-202-546-6451,
both of CRIIMI MAE Inc. Web site: http://www.criimimaeinc.com/
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