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Hudson Realty Capital, LLC has been named one of the New York area's largest minority-owned companies for the third year in a row. The Manhattan-based firm is the only real estate fund manager named to the top-25 ranking, which was compiled based on 2010 revenues.
Hudson is certified as a Minority-Owned Business Enterprise (MBE) by the Empire State Development Agency. To qualify, MBEs must be at least 51 percent independently owned by minority individuals.
At Hudson, diversity extends far beyond its executive leadership team. Co-founders and managing directors David Loo, Richard Ortiz and Sanford Herrick established the firm with a clearly defined commitment to attracting, hiring and retaining the most talented and ethnically diverse professionals. Nearly 50 percent of the company's investment professionals are women, including senior due diligence and asset management staff.
"Once again, we are proud to be recognized as a successful minority-owned business," said Loo. "As an extension of our philosophy, Hudson's position as a middle-market lender gives us the opportunity to strengthen the secondary markets and their diverse populations."
A real estate fund manager with more than $2 billion of assets currently under management, Hudson focuses on originating, purchasing, participating in, servicing and restructuring special-situation debt. In addition, the company invests directly in real estate and acquires under-performing assets and other real estate-related instruments.
Since the formation of its initial two funds in 2003, Hudson (hudsonrealtycapital.com) has closed more than $3.5 billion in transactions. Headquartered in New York City, the company maintains regional offices in Portland, Maine, and Fort Myers, Florida.
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