Type Private Ownership Founded 2006 | Industry Private Equity | |
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Key people Richard A. Baker, CEO;
Francis Casale, Brian Pall, Donald Hutchison, Donald Watros Headquarters Purchase, New York, United States Founders William L. Mack, Lee S. Neibart, Robert C. Baker, Richard A. Baker, Richard A Baker | ||
NRDC Equity Partners (National Retail and Development Company Equity Partners, commonly referred to as NRDC) is an American private investment firm investing in retail, real estate and consumer branded businesses.
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History
NRDC was founded in 2006 by Robert C. Baker, owner of National Realty & Development Corp; and William L. Mack and Lee S. Neibart, partners of AREA Property Partners.
NRDC has completed five transactions since 2006, totaling almost $5 billion in enterprise values and has invested approximately $1.5 billion of equity for its transactions. NRDC targets transactions ranging from $250 million to $5 billion of enterprise value, requiring total equity investments of $50 million to $1.5 billion.
Portfolio
NRDC’s current portfolio consists of two of the leading companies in their sectors, the Hudson's Bay Company (HBC) and Retail Opportunity Investments Corporation (ROIC).
HBC is the holding company that owns and manages over 57,000,000 square feet (5,300,000 m2) of retail properties located in Canada and the U.S. through its portfolio subsidiaries.
NRDC formed its real estate investment trust portfolio company, ROIC, through a public equity raise of $414 million completed in October 2009. ROIC focuses on acquiring and growing high quality shopping centers. It has invested over $200 million and has completed/announced 14 transactions as of September 2010.