The Distribution by Juniper Square Ep.56: Why real estate managers need more than just a track record - Nancy Lashine -Managing Partner/Founder - Park Madison Partners
Ms. Lashine is the Founder and Managing Partner of Park Madison Partners, a boutique real asset private equity placement firm. The firm is a leading advisor to investment management firms on their business strategy. Park Madison is headquartered in New York City and is a FINRA regulated broker dealer.
Ms. Lashine has over 35 years of real estate and investment marketing experience. Prior to forming Park Madison Partners, Ms. Lashine was a strategic consultant advising leading institutional real estate investment managers on product development and the implementation of institutional marketing initiatives. Clients included Lehman Brothers, Angelo Gordon, ING Clarion, Sentinel Real Estate and JER Partners.
Ms. Lashine was an early member of The O'Connor Group (1985-1995) and began her finance career at LF Rothschild, Unterberg and Towbin (1981-1985).
Ms. Lashine earned her MBA at Columbia University Graduate School of Business, and a BFA, cum laude, from Case Western Reserve in Dance Theatre. She serves on several Boards including the Columbia MBA Real Estate Advisory Board, the Gibney Dance Center Board, and is a past board member of the Pension Real Estate Association. She is a member of ULI and WX (Executive Women in Real Estate).
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Topics:
(00:00:00) - Intro
(00:01:58) - Nancy’s background and career
(00:17:25) - Making the entrepreneurial leap
(00:19:34) - What does Park Madison look like today?
(00:23:59) - The challenge of raising capital in RE
(0:25:41) - What’s the process for filtering GPs?
(00:30:42) - What should firms be doing in their early days to be best positioned to raise institutional capital?
(00:33:45) - 2025 portfolio outlook
(00:38:11) - The biggest challenges in institutional real estate
(00:40:51) - Investment manager consolidation trends
(00:43:41) - Capital availability regarding recaps
(00:45:57) - Operating in an unpredictable environment
(00:52:38) - What are you most excited about?