NY-FORUM-PARTNERS
Global real estate investment management firm Forum Partners (Forum) and The Dermot Company (Dermot) announced today that Forum has acquired a strategic interest in Dermot. Dermot is a fully-integrated real estate investment, development and management company based in New York City. Forum’s initial investment includes an interest in the company and the purchase of interests in four NYC assets developed by Dermot. Forum is making the investment alongside the senior management team of the company. While terms were not disclosed, through a series of new developments, recapitalizations, and value-add acquisitions, Dermot expects to deploy in excess of $750 million over the next 18 months.
Dermot principal Steve Benjamin will lead the company as president and CEO following the retirement of founder William P. Dickey. Since its formation in 1991, Dermot has remained tightly focused on all facets of multifamily sector investment and operations, including ground-up development, asset repositioning and the structuring of innovative financing transactions. To date, Dermot has owned or developed in excess of $2.5 billion in 24 properties.
“We’ve known Steve for many years and are very pleased to invest in The Dermot Company, which has created an impressive platform in New York City,” said Russell Platt, Forum’s CEO. “Coupling Dermot’s strong, 20 year track record of value-add investment, development and asset management with Forum’s real estate expertise and access to long-term capital is a powerful combination. We are excited to work with Steve and his team to grow Dermot as we create scale and deal flow.
“After more than a decade of successful investing in Europe and Asia, we have expanded our focus to the U.S. This investment gives us a strong position in one of the most desirable U.S. markets alongside a highly regarded firm. Forum prides itself on the formation of well aligned partnerships at the entity level, and we look forward to further U.S.-based investments as we target opportunities to create value,” Platt concluded.
Benjamin said, “Forum’s investment in Dermot is a tremendous endorsement of our model and our team. In choosing a partner for the future, the character of the team, their understanding of our business and their long-term focus were of utmost importance. We look forward to working together as we continue to grow our New York City based strategy.”
About Forum Partners
Forum Partners is a global real estate investment and asset management firm established in 2002. Majority owned by its partners and employees, Forum provides growth and/or restructuring capital - as well as governance and capital markets expertise - to small and mid-sized sector focused real estate operating companies with the objective of unlocking asset and enterprise value. With its global headquarters in London and regional headquarters Hong Kong and Greenwich, CT, Forum maintains a local presence in key markets throughout Europe and Asia.
About The Dermot Company
The Dermot Company, Inc., based in New York City, was formed in 1991 as a real estate investment and management company focused on multi-family sector opportunities. The company has evolved into a fully integrated real estate company employing over 100 real estate professionals in investment, finance, management and development. Dermot currently manages nearly $1.5 billion in assets and owns, hold investments in or manages 3,000 apartments.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150707006144/en/
Contact:
Media:
Owen Blicksilver Public Relations, Inc.
Kristin
Celauro, 732-264-1131
Kristin@blicksilverpr.com
or
Jennifer
Hurson, 845-507-0571
Jennifer@blicksilverpr.com
Information om Business Wire
Følg pressemeddelelser fra Business Wire
Skriv dig op her, og modtag pressemeddelelser på e-mail. Indtast din e-mail, klik på abonner, og følg instruktionerne i den udsendte e-mail.
Flere pressemeddelelser fra Business Wire
The LYCRA Company Goes “ALL IN” at Intertextile Shanghai1.9.2025 19:00:00 CEST | Press release
Open-Concept Pavilion Showcases New Brand Positioning and Denim Innovation The LYCRA Company, a global leader in developing fiber and technology solutions for the apparel and personal care industries, returns to Intertextile Shanghai (Sept. 2–4) with an exclusive global sneak preview of its latest denim innovation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250901230542/en/ The LYCRA Company makes a bold statement at Intertextile Shanghai with its open-concept pavilion showcasing the new ALL IN LYCRA® brand positioning. For the first time, the company’s booth features an open-concept co-creation space designed to foster collaboration. Four key industry partners will join The LYCRA Company in this shared exhibit space, located in Hall 4.1 (Booth E56).This area is part of a larger 788-square-meter pavilion, which also includes 18 co-exhibitors. The impactful and visually striking design brings the new ALL IN LYCRA® brand p
Toshiba to Showcase the Next Generation of Retail Innovations at First NRF Retail’s Big Show in Europe1.9.2025 18:00:00 CEST | Press release
Toshiba’s first appearance at NRF Europe spotlights innovations designed to help retailers craft distinct customer experiences while boosting operational resilience and sustainability. Toshiba Global Commerce Solutions will showcase how the latest retail innovations are empowering retailers to craft unique journeys and sustainably deliver success in booth #G167 - Pavilion 6 at the first-ever NRF 2025: Retail’s Big Show Europe this month. Toshiba’s new modular and customized solutions utilize advanced technology like AI, computer vision, and machine learning to meet the unique needs of retailers, no matter their size or segment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250901613943/en/ Toshiba Global Commerce Solutions will showcase how the latest retail innovations are empowering retailers to craft unique journeys and sustainably deliver success in booth #G167 - Pavilion 6 at the first-ever NRF 2025: Retail’s Big Show
VERIMATRIX: Changes in Group Governance1.9.2025 17:45:00 CEST | Press release
Appointment of Laurent Dechaux as Chief Executive Officer Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250901409733/en/ VERIMATRIX(Euronext Paris: VMX, FR0010291245), a leading provider of security solutions for a safer connected world, announces the appointment, with immediate effect, of Laurent Dechaux as Chief Executive Officer, replacing Amedeo D'Angelo. Amedeo D'Angelo remains Chairman of the Board of Directors of VERIMATRIX. "We are delighted to welcome Laurent Dechaux as Chief Executive Officer. With over 30 years of experience in the B2B software industry, Laurent has a strong understanding of customer expectations and market requirements. I am convinced that his professional background will enable him to build a strategy tailored to our challenges and ambitions. His energy and inclusive spirit are assets that will contribute to the company's success," said Amedeo D'Angelo, Chairman of the Board of
500 Global and dcamp Bridge Korea and Silicon Valley to Accelerate Startup Growth1.9.2025 15:00:00 CEST | Press release
500 Global, one of the world’s most active venture capital firms1, and dcamp, South Korea’s premier foundation dedicated to fostering entrepreneurship, today announced a strategic partnership aimed to accelerate Korean startups’ growth as they expand to the US market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250831333378/en/ Signing ceremony held at 500 Global’s Palo Alto headquarters on August 28, 2025, featuring Christine Tsai and Younghoon Park Leveraging their proven track of supporting promising founders, 500 Global and d.camp will identify Korean startups that are primed for international expansion and investment. Select startups will join the 500 Global Flagship Accelerator in Silicon Valley to deepen their understanding of the US market, connect with the local ecosystem and develop opportunities for growth. Younghoon Park, CEO of dcamp, stated, “Through this strategic partnership, we aim to bridge the best of K
k-ID Strengthens Leadership Team with Former Xbox Family Product Lead Mike Mongeau1.9.2025 09:00:00 CEST | Press release
Former Head of Family at Xbox joins k-ID as Head of Product to accelerate global online safety technology. k-ID, the global compliance platform transforming age-appropriate digital experiences for young people worldwide, today announced the appointment of Mike Mongeau as Head of Product. Mongeau joins k-ID from Microsoft, where he spearheaded Xbox’s family gaming experience, ensuring millions of kids could game safely while giving parents the tools to feel confident about their play. Mongeau will leverage his extensive experience in youth safety technology and product development to advance k-ID's mission of creating trusted, age-appropriate digital experiences for kids and teens globally. His appointment comes as k-ID rapidly expands its partnerships with leading publishers and platforms, such as Discord, Hasbro, Nexus Mods, and GorillaTag. "Mike brings an invaluable combination of deep technical expertise in family safety and a genuine passion for empowering young people in digital s
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter samt finde vores kontaktoplysninger.
Besøg vores nyhedsrum