Andy Farbman

Scope of Service Experience
Investment Advisory; Debt & Equity Structuring; Sale/Lease-Backs; Acquisitions: Office, Hotel, Industrial and Retail

Education
UNIVERSITY OF MICHIGAN ANN ARBOR, MI
B.A., in Economics and B.S. in Social Science
Other Credits Received: University of Michigan Business School, Bowdoin College, Brunswick, ME; ICSC, Barcelona, Spain.

Background & Experience
FARBMAN GROUP / NAI Farbman, SOUTHFIELD, MI

Evaluate strategic opportunities for the full service real estate operating company. Underwrite all property types and classes and conduct property-level due diligence for prospective acquisitions and developments. Oversee day-to-day financial health of operations. Negotiate partnerships and arrange equity and debt financings.
THE BLACKSTONE GROUP L.P., NEW YORK, NY
Real Estate Private Equity Group
Evaluated strategic investments for Blackstone's $1.5 billion private investment real estate funds. Prepared real estate valuation, formulated investment strategies and supervised investment process. Directed due diligence teams; secured financings; negotiated joint venture agreements; conducted market research; reviewed legal documents including purchase and sale agreements, third party contracts and loan documents; drafted investment materials for investors.
LAZARD FRÈRES & CO. LLC, NEW YORK, NY
Real Estate Investment Banking Group
Performed financial analysis and valuation on mergers, acquisitions, liquidations, privatizations, divestitures and recapitalizations for public and private real estate operating companies. Underwrote all property types and classes and conducted property-level due diligence for large portfolios and significant assets. Modeled corporate roll-ups, mergers, financing alternatives (issuance of equity, debt and preferred equity securities) and capital redeployment scenarios (strategic acquisitions, joint ventures, developments and share repurchases).

Significant Transactions
Blackstone Significant Transaction Experience:
Acquired 1,200-room hotel in San Francisco for $250 million from a limited partnership.
Purchased $60 million office building in downtown San Francisco from a Real Estate Opportunity Fund.
Acquired $200 million office building in the Boston CBD from a pension fund Advisor.
Lazard Significant Transaction Experience:
Advised a publicly held $1.3+ billion multi-family REIT in its sale to a management-led private partnership.
Provided strategic advice and valuation work for a private $2 billion northern California office opportunity fund, including analysis of GP and investor returns in its merger with a public REIT.
Sold portion of privately held partnership interest for $730 million in cash and convertible debentures; structured seller's retained interest in portfolio of six trophy office assets.
Advised on the valuation and sale of four regional malls for $500 million.
Performed valuation analysis on major land holding company in Florida for client looking to maximize value of majority shareholder stake.