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PO Box 7361, Hicksville, NY 11802-7361 (516) 997-3707 | headquarters@mbany.org Log In | Register |
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Also, since 1998 Mr. Iannone has been the principal owner of various operating companies and real estate ventures that have included: a full service building supply business, a resort hotel located in the Hampton’s, Long Island, NY, and a condominium management company. Through Heritage he continues to have interests in residential developments and industrial/retail buildings located in the tri-state area. Prior to founding Heritage, Mr. Iannone was a Principal and Co-Head of the Investment Banking Group ("IBG") of Lend Lease REI, an institutional investment management firm that managed in excess of $50 billion of commercial and multi-family real estate equity investments on behalf of institutional, pension fund and high net worth clients. While at Lend Lease, Mr. Iannone was responsible for the placement of mortgage financing and the liquidation of real estate assets on behalf of Lend Lease's investment management clients as well as third party institutional clients. Prior to joining Lend Lease, Mr. Iannone was a Senior Vice President of Rockwood Realty Associates, a New York based real estate investment bank. During his tenure at Rockwood, Mr. Iannone was a senior transaction manager responsible for directing the execution of transactional and advisory assignments on behalf of institutional and non-institutional clients that included: The John D. and Catherine T. MacArthur Foundation, Teachers Insurance and Annuity Association, the Prudential Insurance Company of America, Metropolitan Life, UBS Asset Management, Inc., WCI Communities (formally Westinghouse Communities) as well as other major institutional owners of income producing real estate. Prior to joining Rockwood, Mr. Iannone was the senior commercial real estate officer at two New York based regional banks, where his responsibilities included the management of all commercial loan production, secondary marketing, departmental strategic planning, the restructure, foreclosure and/or disposition of troubled assets and the management of portfolio loans totaling $2 billion. He also directed the securitization of $230 million of multifamily mortgages with the Federal National Mortgage Association as well as the acquisition and sale of various whole loan packages. Mr. Iannone served as the president of the Mortgage Bankers Association of New York (1991-1992), where he was instrumental in conceiving a program for the State of New York Mortgage Association ("SONYMA") to provide third party credit enhancement for loans secured by cooperative apartment buildings. Mr. Iannone holds a BA in Economics from Connecticut College, New London, Connecticut, was credit trained by Marine Midland Bank, NA (HSBC) in 1984, and has completed various graduate level course work in real estate and corporate finance. |
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