Precilla Torres Joins Hudson Realty Capital LLC as Managing Director

Oct. 13, 2009 - PRLog -- Precilla Torres has been named a managing director of Manhattan-based Hudson Realty Capital LLC, one of the nation's premier middle-market real estate fund managers. In her new role, the Westchester County, N.Y., resident will oversee Hudson's financial advisory and capital markets activities.

"Given the current economic environment and shortage of liquidity, Hudson is exploring the enhancement of yield through the use of capital markets-based products, and Precilla is key to that effort," said Sanford Herrick, managing director and co-founder of Hudson.

Torres possesses more than 19 years of industry experience and has held executive-level positions at Citigroup, Lehman Brothers Holdings Inc. (Lehman) and Credit Suisse. Her areas of specialization include commercial real estate securitization, large loan execution and structuring, subordinate debt structuring and distribution, and other structured products, including commercial real estate collateralized debt obligations (CDOs) and synthetics.

"Hudson is a well-established real estate fund manager and is recognized for its conservative underwriting and credit deployment standards," said Torres. "I am eager to optimize Hudson's existing credit expertise through syndications, securitization and other capital markets-based products."

Since its inception seven years ago, Hudson has emerged as the nation's premier middle-market real estate fund manager. Activities include originating, participating in, servicing, restructuring and/or acquiring high-yield, special situation debt and mezzanine loans. In addition, Hudson invests directly in real estate and the acquisition of under-performing real estate assets and other real estate-related instruments.

Hudson is involved in a broad range of real estate-related debt and equity investments throughout the United States. The company, which has closed more than $3.5 billion in transactions since the formation of its initial two funds in 2002, invests throughout the capital stack to generate high, risk-adjusted returns for its investors.

Hudson prides itself on being a Minority-Owned Business Enterprise (MBE) certified by the Empire State Development Agency (ESDA). "Hudson's commitment to recruiting only the most talented real estate lending and investment professionals, while achieving ethnic and gender diversity at all levels, further distinguishes this firm in terms of its business model and philosophy," added Torres.  

While at Citigroup, Torres was the managing director with oversight of the large-loan execution and structuring group, including its securitization program. At Lehman, she served as a lead banker on the commercial mortgage-backed security (CMBS) team, responsible for its most complex transactions and the pioneer issues of the LB-UBS fixed-rate fusion CMBS program, which became the firm's staple securitization brand from 2000 through 2008. During her tenure, she was responsible for several landmark structural innovations in the CMBS sector that were adopted as market standards. Earlier in her career, Torres was involved with Resolution Trust Corporation (RTC) asset dispositions, liquidations and securitizations, as well as privately held non-performing portfolio purchases, workouts and dispositions.

A graduate of Northwestern's Kellogg School of Management with a master's degree in business administration, Torres earned her bachelor of science Summa Cum Laude from Ateneo de Manila University in the Philippines.

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Hudson Realty Capital LLC (Hudson) is a real estate fund manager with more than $2 billion of assets currently under management. Since the formation of its initial two funds in 2002, the company has closed $3 billion in transactions. Activities include originating, participating in, servicing, restructuring and/or acquiring high-yield, special situation debt and mezzanine loans. In addition, the company invests directly in real estate and the acquisition of under-performing real estate assets and other real estate-related instruments. Based in New York, the company maintains regional offices in Portland, Maine and Boca Raton, Florida. Hudson is a Minority Business Enterprise (MBE), reflecting a rich diversity within its leadership.