BSW welcomed three principals from Harbor Group International to our second Meet Your Managers event. Our room at the St. Julien was packed full of clients
as David Wolf, our Chief Investment Officer, moderated a program offering a timely review of the direct real estate sector in general and our portfolio in particular. He was joined on the panel by three officers from Harbor Group: Jordan Slone, Chairman and Chief Executive Officer, Saul Lubetski, Vice Chairman, and Richard Litton Jr., President.
This series allows our clients to do what the Investment Group does on a regular basis: get to know our investment partners, understand their philosophy and methodology, and hear a firsthand assessment of the outlook for that sector.
Starting with a broad overview, Harbor shared their longer term and then more recent experiences in the apartment, office building and hotel subsectors. Management successes and challenges were detailed and future plans discussed. The company’s investment portfolio is located primarily in a crescent shape along the eastern half of the US – starting in Chicago, sweeping over to New York City, moving down the eastern seaboard and then curving back along the southeastern states into Texas.
Questions from the audience focused on details of current valuations and opportunities. Discussion was frank and having a better understanding of the details of Harbor’s longer-term strategy and success rate provided valuable context for the current environment.
We look forward to our next event in this series, a breakfast meeting with one of our private equity managers, Greenmont Capital Partners, on June 16.
Debi Baydush, Partner