Name Veronica Mainetti | ||
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Veronica Mainetti (born 26 June 1978 in Rome) is an Italian entrepreneur who lives and works in the USA, President and shareholder of Sorgente Group of America and General Manager of Michelangelo Real Estate Corporation, the company through which Sorgente Group has conducted real estate investment operations in the United States. She is also CEO of Sorgente Asset Management, a company engaged in real estate management, advisory and brokerage. In addition, she is President of the Sorgente Group Foundation in the USA, which focuses on charitable works. In July 2015, she has been named by the "New York Post" as one of the 20 most influential people in New York real estate
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Training and beginnings
After graduating in Design at European Institute of Design in Rome, she moved to New York in 2003 and attended the Parsons Institute of Design. In the same year she took the helm at Sorgente Group of America, with responsibility for real estate investment operations in the US. She took part in negotiations for the acquisition of a significant stake in the Chrysler Building - then resold in 2008 - and for the acquisition of the majority of the Flatiron Building in New York
History
The great-grandfather of Veronica, Luigi Binda, founded a company in New York in 1919, specialized in the assembly of iron structures (amongst the work carried out there are the Chrysler Building and the expansion of the New York Stock Exchange). Her great-grandfather’s company in Rome was also involved in the production of iron works since 1910. Subsequently, after World War II the Italian company, led by her grandfather Sergio, began the construction of large industrial mechanical plants, such as Synchrotron in Frascati, Alfa Romeo in Arese, the Steelworks in Terni and Taranto. In 1999 Veronica's father, Valter Mainetti, began a restructuring of both businesses in Italy and in the US under the brand Sorgente Group, focusing on real estate finance and the acquisition of iconic buildings, accordingly launching the first real estate fund, named "Michelangelo", intended for institutional investors, with portfolio investments in iconic real estate
Sorgente Group now operates with three holdings: Sorgente Group of America Corp. (USA), Sorgente Group Spa (Italy), Sorgente Group International Holding Ltd (UK).
As of 31 December 2014, at the Group level, the total real estate assets owned by the funds and the underlying companies, together with the managed assets amounts to over $6 billion.
Veronica Mainetti represents the fifth generation of entrepreneurial activity.
Career
Since 2003 she has worked on conservation and redevelopment projects of historic buildings in the United States. These operations are carried out through studies conducted by the company Sorgente Group of America Development, dedicated to sustainable environmentally responsible development practices.
During 2012 in New York she completed the redevelopment of two buildings in Greene Street in Soho, two loft conversions.
In 2016 "60 White" will be operational, a historical building complex in Tribeca , which has been turned into loft apartments. In 2015 she produced a documentary called Giglio on White to be released in 2016, chronicling the restoration of 60 White.
She has participated to increasing the Group's assets under management with the acquisition of the Fine Arts Building in Los Angeles in 2012 and the Clock Tower Building in Santa Monica in 2013.