NAI BLUESTONE REAL ESTATE CAPITAL ADDS FIVE NEW MEMBERS

Philadelphia, PA – May 8, 2009 —

NAI Bluestone Real Estate Capital, a Philadelphia based real estate investment banking and advisory firm, has announced the addition of five new members to their team, which is rapidly expanding in spite of tight market conditions. 

“We are continuing to exceed expectations and grow our business with new talent,” said Matthew McManus, Chairman of NAI Bluestone Real Estate Capital. “With the addition of their collective knowledge and industry relationships, NAI Bluestone will continue to thrive in this challenging economic climate.”

Matt Lessman, Robert Balazs and Nancy Bond have all joined the firm as senior associates. Mr. Lessman will be responsible for originating, servicing and funding commercial real estate transactions through NAI Bluestone’s network of lenders and investors. He joins NAI Bluestone from GE Real Estate, a commercial real estate investment company, where he was an associate account executive since 2007. In his prior position, he was responsible for deal prospecting, lead generation and deal structuring and pricing. Mr. Lessman received his bachelor’s degree in business and technology from the University of Connecticut.

Robert Balazs is responsible for the origination of funding leads and generating and developing investor relations. Prior to this position, he was the co-founder and CEO of Renova Homes, Inc., a real estate investment company, since 2003. He was primarily responsible for sourcing, generating and developing transactions and business opportunities, as well as being responsible for all fundraising and investor relations. Mr. Balazs received his bachelor’s degree in management science and information systems from the Pennsylvania State University.

Nancy Bond is responsible for developing business opportunities within the NAI Global member network. Previously, Ms. Bond was founder and president of RMS, Inc., a full service relocation management consulting group, from 1987 until 2005. She earned her bachelor’s degree from University of Rhode Island in biology.

In addition, NAI Bluestone has also hired two promising associates.  Radhika Ahluwalia is responsible for the origination, underwriting and placement of financing transactions. Ms. Ahluwalia joins NAI Bluestone from the American Land Fund, a Philadelphia based Real Estate fund, where she worked as a financial analyst since 2007. She earned her bachelor’s degree in philosophy, politics, and economics from the University of Pennsylvania.

Also joining NAI Bluestone as an associate is Matthew Rosenberg. His primary responsibility is to strategically secure debt and equity financing for commercial real estate properties. He previously worked as a sales associate and analyst at CB Richard Ellis Capital Markets, a commercial real estate services firm, since 2005. Mr. Rosenberg earned his bachelor’s degree in business administration from Temple University’s Fox School of Business.