Eastdil Secured Overview
As the pioneer of the real estate investment banking industry, Eastdil Secured has participated in every real estate cycle since 1967, attaining over 40 years of real estate investment banking knowledge and experience. By maintaining an effective platform that combines conventional real estate brokerage with the corporate finance and capital markets expertise of an investment bank, Eastdil Secured creates value for clients through unparalleled advisory services, individually-tailored structures, and marketing/placement programs that set the industry standard. Through the ability to navigate the challenges presented in any economic environment, Eastdil Secured maximizes opportunities with "custom-crafted", revolutionary strategies that produce the most optimal and efficient transactions possible.
With a Passion for Excellence, Eastdil Secured is the preeminent real estate investment banking firm providing the best-in-class services for commercial real estate transactions ranging from single assets to large portfolios. Eastdil Secured's clients benefit from our coordinated multi-level access to all investors and capital sources, closing leverage, relationships with decision makers, and up-to-the-minute knowledge of the market, buyers, sellers, and lenders. Eastdil Secured's unparalleled real estate knowledge is evidenced by over $1.2 trillion in completed transactions since 2005. Through tailor-made solutions, executable advice, and reliable financial counsel, Eastdil Secured offers the most highly specialized advisory services throughout the entire capital markets spectrum and all major product types.
Investment Property Sales
Private Equity / Structured Joint Venture Transactions
Corporate Real Estate Transactions
Mortgage Loan Sales / Structured Finance Advisory
Industrial and R&D
In 1967, Eastdil Realty was established as Eastman Dillon Union Securities (which subsequently merged into Paine Webber), the first real estate investment banking firm and pioneer in the investment banking business. With the belief that the real estate industry would benefit from the investment banking skill-set and technology of the corporate finance world, Eastdil’s senior management purchased the firm from Paine Webber in 1980. Eastdil subsequently led the industry in development finance, private equity placement and syndicated tax investment. Eastdil also became one of the largest separate account pension fund advisors in the country as well as a leader in REIT formation and structuring.
In the mid-1980s, Eastdil was 50% owned by Nomura Securities Co. Ltd., where Eastdil achieved considerable success in private equity transactions with Japanese, European and Asian investors, syndicated limited partnership investments, structured convertible and participating mortgages, and securitized and Euro-bond placements. Eastdil was the first to structure and place a reverse dual-currency financing on an office building in the U.S. In 1994, given the financial condition of the Japanese economy, Nomura's commitment and distribution capabilities were severely impacted and Eastdil subsequently repurchased its interest from Nomura.
In November 1999, Eastdil became a wholly owned subsidiary of Wells Fargo Bank while retaining its name and independent management structure. The integration of the nation's leading real estate lender with the preeminent real estate investment bank enhanced services to clients and established an exciting platform for future growth.
By the early 2000s, Eastdil had established a strong national presence and had become one of the most successful real estate investment banks in the industry. This continued success carried into 2005 through the completion of over $31 billion in transactions.
Secured Capital Corp
Secured Capital Corp was founded in February 1990 by several senior executives of Drexel Burnham Lambert. Proficient in the real estate capital markets, the executives priced new issue commercial mortgage securities, placed mortgage financings on large properties, and traded commercial mortgage loans in the secondary market. In addition, the executives designed and placed the first commercial mortgage-backed securities to be rated by rating agencies and backed solely by the collateral with no third party credit support.
Soon after its inception, Secured Capital Corp began winning contracts to act as financial advisor to the Resolution Trust Corporation for the sale of performing, subperforming and nonperforming commercial mortgage loans and real estate. Secured Capital Corp was widely credited with playing an instrumental role in the development of the secondary market for nonperforming real estate loans.
In 1994, Secured Capital Corp began advising major private sector financial institutions regarding the dispositions of their commercial real estate assets. By the early 2000s, Secured Capital Corp transitioned with the maturity of the real estate cycle to a focus on commercial real estate brokerage through the representation of major institutional investors for the sale or refinancing of large, quality, commercial properties.
By 2005, Secured Capital Corp had attained a high level of success with a notable presence within the commercial real estate marketplace. Through the primary business lines of property sales and debt placement, Secured Capital Corp completed nearly $30 billion in transactions in 2005.
In January 2006, Eastdil Realty and Secured Capital Corp combined to create the largest real estate investment bank in the world by volume – Eastdil Secured. The firm maintains a focus on the six major services of Investment Property Sales, Debt Placement, Investment Banking, Private Equity/Structured Joint Venture Transactions, Corporate Real Estate Transactions, as well as Mortgage Loan Sales/Structured Finance Advisory.
Today, Eastdil Secured employs over 200 professionals in 14 offices. Through the leadership of Eastdil Secured's executive committee, the combined firm has completed over $1.1 trillion in transactions since 2006. With a continued Passion for Excellence, 40 years of unmatched national real estate experience, and unparalleled capital markets and real estate expertise, Eastdil Secured is The Real Estate Investment Banking Company.