ICG HYPERSONIC ACQUISITION CORP
- PropTech, Technology, Real Estate
Andrew L. Farkas, Director Nominee and Chairman
Andrew L. Farkas, our Chairman, is a prominent leader in the real estate industry, with over 30 years of experience sponsoring and investing in, operating and servicing real estate companies and real properties of all types. Mr. Farkas is the Managing Member and Chief Executive Officer of Island Capital. Under Mr. Farkas’s leadership, Island Capital and its controlled subsidiaries recapitalized a distressed publicly traded company, Centerline Capital Group (NASDAQ: CLNH), and acquired certain of its key business lines through C-III, a privately financed enterprise. Mr. Farkas subsequently built C-III into one of the largest special servicers of commercial mortgages in the United States and additionally acquired and operated a diversified group of real estate services companies while raising in excess of $2.0 billion of equity from major U.S. institutional and private investors. Through a $250 million+ take-private transaction, C-III acquired Resource America Inc. (formerly NASDAQ: REXI), which was the external manager of a publicly traded commercial mortgage REIT (NYSE: XAN) and four public-reporting non-traded REITS and investment adviser to two publicly offered, closed end interval funds. Previously, Mr. Farkas was the founder, Chairman and Chief Executive Officer of Insignia Financial Group, Inc. (NYSE:IFS), a global real estate services company that he founded in 1990 and was merged with CB Richard Ellis in July 2003 to form one of the nation’s largest commercial real estate services companies at the time. At its peak, in 1998, Insignia was one of the largest managers of multifamily residential housing and among the leading providers of commercial real estate services in the United States, owning, controlling or managing approximately 275,000 apartments and approximately 200 million square feet of commercial space. The Commercial Observer, in April 2017, included Mr. Farkas on the list of “The 50 Most Important Figures of Commercial Real Estate Finance.” Mr. Farkas received a B.A. degree from Harvard University in 1982, where he majored in economics. Mr. Farkas brings to the board of directors over 30 years of real estate and investment experience. Mr. Farkas’ extensive experience in founding, operating and managing real estate-related and finance companies enables him to provide valuable expertise to us and his business and industry experience add strategic vision to the Board to assist with our growth, operations and development.
Jeffrey P. Cohen, Chief Executive Officer and Director
Jeffrey P. Cohen, our Chief Executive and a director, has extensive experience in real estate and investments. Mr. Cohen has been a principal of Island Capital since it was established in 2003, and currently serves as the President of both Island Capital and C-III. In these capacities, he has been responsible for coordinating all of Island Capital’s investment, structuring and finance activities. Mr. Cohen serves on C-III’s investment committee and the investment committees of its private institutional funds. Prior to joining Island Capital in 2003, Mr. Cohen was an Executive Vice President of Insignia Financial Group, where he focused on mergers and acquisitions, principal investment opportunities and Insignia’s fund management interests. Before joining Insignia, Mr. Cohen served as a corporate attorney with the New York City law firm of Rogers & Wells (now Clifford Chance) where he primarily worked on matters relating to mergers and acquisitions, capital markets and corporate finance. Mr. Cohen earned a Juris Doctor degree, magna cum laude, from Albany Law School and a Bachelor of Arts degree from the University of Vermont, where he majored in Political Science and Economics. He is a Trustee of Dean College in Franklin, MA and serves on the Board’s Executive Committee and Investment/Finance Committee. We believe Mr. Cohen’s extensive strategic planning, executive management and financing experience in the real estate industry, together with his understanding of complex financial transactions and skills in investments, mergers and acquisitions and corporate finance, make him well qualified to serve on our board of directors.
Matthew J. Stern, President and Chief Financial Officer
Matthew J. Stern, our President and Chief Financial Officer, has extensive experience in investment banking, corporate finance and the real estate industry. Mr. Stern currently serves as an Executive Managing Director and Co-Head of Investment Banking of both Island Capital and C-III. During his time at Island Capital, Mr. Stern has focused primarily on mergers and acquisitions, corporate finance and business development activities, as well as having served as the President of C-III’s externally managed mortgage REIT, Exantas Capital Corp. (NYSE: XAN). Prior to joining Island Capital at the time of C-III’s formation in 2010, Mr. Stern served as Managing Director of Centerline Capital Group’s (NASDAQ: CLNH) investment banking and corporate finance groups where he had primary responsibility for Centerline’s mergers and acquisitions and corporate finance functions from 2006 to 2010. Before joining Centerline, Mr. Stern worked in the Global Mergers & Acquisitions Group of Lehman Brothers Holdings Inc. from 2003 to 2006, where he concentrated on mergers and acquisitions, capital markets and corporate finance transactions. Mr. Stern received his undergraduate degree from the University of Pennsylvania magna cum laude with Distinction and a Master of Business Administration degree from the Leonard N. Stern School of Business at New York University with Distinction.
Marc W. Levy, Co-Chief Investment Officer
Marc W. Levy, our Co-Chief Investment Officer, was a member of the founding group of Island Capital alongside Mr. Farkas in 2003 and has 24+ years of experience in real estate-related private equity, investment, mergers and acquisitions and corporate finance. Mr. Levy currently serves as Executive Managing Director and Co-Head of Investment Banking of both Island Capital and C-III. Mr. Levy has jointly been responsible for all of Island Capital’s private equity, transactional and corporate finance activities. Prior to C-III’s formation in 2010, Mr. Levy was Head of the M&A and Business Development Group of Island Global Yachting Ltd., an Island Capital-sponsored company that actively invested globally in marinas, related properties and real estate companies. Previously, Mr. Levy was a Senior Managing Director of Insignia Financial Group’s investment banking division, where he jointly managed all of Insignia’s principal investment, mergers and acquisitions, private equity investment and transactional activities. Prior to Insignia, Mr. Levy was a corporate associate with the New York City law firm of Rogers & Wells (now Clifford Chance LLP), where he represented clients on mergers and acquisitions, corporate finance, capital markets and private equity transactions. Mr. Levy received a Juris Doctor degree from Fordham University School of Law in 1996 and received a Bachelor of Arts degree, cum laude, from Tufts University in 1993.
Geoffrey H. Woodward, Co-Chief Investment Officer
Geoffrey H. Woodward, our Co-Chief Investment Officer, has extensive experience investing in and operating real estate and Proptech businesses. Mr. Woodward is an Executive Managing Director of both Island Capital and C-III, where he is responsible for C-III’s Diversified Real Estate Services businesses. In this capacity, Mr. Woodward serves as the Chairman of NAI Global and the Chairman of the Planning & Zoning Resource Company. He also served as the Executive Chairman of Real Capital Markets from 2013-2019 and as the Chairman of US Residential Group from 2013-2019. Prior to joining Island Capital and C-III in 2010, Mr. Woodward was Vice President of Development for Gaylord Entertainment (now Ryman Hospitality (NYSE: RHP)) and ResortQuest International, where he focused on mergers and acquisitions, and real estate acquisitions and development. Before joining Gaylord Entertainment, Mr. Woodward was an investment banker with Avondale Partners, Robertson Stephens and Morgan Stanley Dean Witter. Mr. Woodward earned a Bachelor of Arts degree in Economics from the University of Virginia in 1994 and an MBA degree from the Owen Graduate School of Management at Vanderbilt University in 2000.
Thomas S. Mukamal, Executive Vice President and Secretary
Thomas S. Mukamal, our Executive Vice President and Secretary, presently serves as the President and Chief Executive Officer of Island Global Yachting LLC (“IGY”), and has been employed by IGY since 2007. In this role, Mr. Mukamal oversees all strategic initiatives and operations for IGY. In addition, he has a dedicated focus on expanding IGY’s global portfolio of owned and operated marinas and developing key strategic relationships and commercial partnerships. Prior to joining IGY, Mr. Mukamal was a managing director of a real estate/hospitality company where he structured and negotiated a variety of commercial real estate acquisitions and divestitures as well as construction, mezzanine and equity financings. Mr. Mukamal began his career as a corporate attorney at Sullivan & Cromwell LLP in New York. Mr. Mukamal earned a Juris Doctor degree from Columbia University School of Law in 2000 where he was a Harlan Fiske Stone Scholar and a Bachelor of Arts degree from the University of Virginia in 1994.
Jeff T. Blau, Director Nominee
Jeff Blau will be one of our independent directors as of the effective date of the registration statement of which this prospectus forms a part. Mr. Blau is Chief Executive Officer and a partner of The Related Companies. For the past 25+ years he has been responsible for directing and overseeing new developments worth over $60 billion in virtually every sector of the real estate industry. In his position as CEO, he is responsible for the strategic direction of the company, overall management of the firm, the pursuit of new development opportunities and corporate acquisitions and financing activities across all business platforms. Mr. Blau serves on the Board of Directors of Equinox Holdings, Inc., the Central Park Conservancy, the New York City Partnership Fund, Robin Hood, Urban Land Institute, Association for a Better New York, Union Square Partnership, Real Estate Roundtable, The Wharton Graduate School, The University of Michigan, Trinity School, and The Mount Sinai Medical Center. Over the years, Mr. Blau has received numerous honors for his business, civic and philanthropic activities and was named to Crain’s New York’s New Influentials list of 25 leaders reshaping New York in 2008. We believe that Mr. Blau’s deep real estate industry and market expertise, particularly his strategic planning, management and corporate finance experience as CEO and partner of a global real estate development company that operates in businesses across various sectors of the real estate industry, makes him well qualified to serve on our board of directors.
William P. Lauder, Director Nominee
William Lauder will be one of our independent directors as of the effective date of the registration statement of which this prospectus forms a part. Mr. Lauder is the Executive Chairman of Estée Lauder Companies. For the past 24 years, Mr. Lauder has served as a Director and in various other capacities of Estée Lauder Companies. He was Chief Executive Officer from March 2008 through June 2009, President and Chief Executive Officer from July 2004 until February 2008 and Chief Operating Officer from January 2003 through June 2004. Mr. Lauder joined Estée Lauder Companies in 1986 as New York Regional Marketing Director for Clinique, eventually becoming the Group President for worldwide business of the Clinique and Origins brands and the company retail store and online operations. During his tenure as CEO, Mr. Lauder expanded the company’s international presence and distribution channels. Mr. Lauder serves as a Director of Jarden Corporation and Chairman of the Board of the Fresh Air Fund, and is a member of the boards of trustees of the University of Pennsylvania and Trinity School in NYC and various other organizations. We believe that Mr. Lauder’s public markets expertise and his experience as the chief executive officer and chairman of a public company make him well qualified to serve on our board of directors.
Peter J. Levine, Director Nominee
Peter Levine will be one of our independent directors as of the effective date of the registration statement of which this prospectus forms a part. Mr. Levine is a is a General Partner at venture capital firm Andreessen Horowitz, which he joined in 2011. Mr. Levine leads the firm’s investment in enterprise software, including data center technology, enterprise application and mobile computing. Mr. Levine has a great experience investing in and managing software and technology firms. Mr. Levine previously served as SVP and General Manager of the Data center and Cloud Division at Citrix prior to its acquisition by XenSource where he eventually became President and CEO. Prior to that, Mr. Levine was General Partner at Mayfield Fund from 2002 through 2005. Mr. Levine spent 11 years at VERITAS Software, where he served as EVP of worldwide Marketing and helped to grow the organization to over 5,000 employees and more than $1.5 billion in revenue. Mr. Levine serves on the board of several portfolio companies of Andreessen Horowitz and he is on the Dean’s Advisory board of the MIT School of Engineering. We believe that Mr. Levine’s broad operational, transactional and investing experience, particularly in the software, technology and other high-growth industries, make him well qualified to serve on our board of directors.
Andrea L. Olshan, Director Nominee
Andrea Olshan will be one of our independent directors as of the effective date of the registration statement of which this prospectus forms a part. Ms. Olshan was the Chief Executive Officer of Olshan Properties and responsible for its strategic direction, operations, investment activities and capital partnerships from 2012 to February 2021. Through her membership on the Investment Committee of Olshan Properties, Ms. Olshan evaluated new investment opportunities and represented Olshan Properties in its third-party investments. On February 9, 2021, Ms. Olshan was named President and Chief Executive Officer of Seritage Growth Properties, which was formed with the acquisition of a retail portfolio from Sears in 2015. Ms. Olshan is expected to join Seritage Growth Properties on or about March 16, 2021. In addition to her real estate career, Ms. Olshan is actively involved in numerous civic and social service organizations. She is a Trustee of the Horace Mann School, a Vice Chair of the Board of Directors of 92Y, and co-founded the Harvard College Alumnae Engagement Initiative. We believe that Ms. Olshan’s deep real estate industry and market expertise, as well as her significant experience as the chief executive officer of several large real estate companies, make her well qualified to serve on our board of directors.
Henry R. Silverman, Director Nominee
Henry Silverman will be one of our independent directors as of the effective date of the registration statement of which this prospectus forms a part. Currently, Mr. Silverman is the managing member of Athos Capital Partners and 54 Madison Partners, which are developers of hospitality, residential and mixed-use properties in the United States and the Caribbean. Mr. Silverman was Chief Executive Officer of the real estate businesses of Guggenheim Partners, LLC from 2012 through July 2015. From 2007 through 2011, Mr. Silverman was Chief Operating Officer, a director, Vice Chairman of the Board and a member of the Executive Committee of Apollo Global Management. From 1990 through 2006, Mr. Silverman was Chairman of the Board and Chief Executive Officer of Cendant Corporation. Cendant was a “Fortune 150” company and one of the largest global providers of consumer and business services within the travel and residential real estate sectors. Cendant’s subsidiaries included Wyndham Worldwide (NYSE: WYN), Realogy (NYSE: RLGY), Avis Budget (NYSE: CAR), PHH (NYSE: PHH), Travelport, Affinion, Wright Express, Orbitz and several others. Mr. Silverman serves as Chairman of the Jacob K. Javits Convention Center, and is a trustee of the NYU Langone Medical Center and was the former Chairman of its Board. We believe that Mr. Silverman’s deep real estate industry and public markets expertise, his prior public company board service, and his track record of investing in public and private companies across many industries make him well qualified to serve on our board of directors.