Vessel Technologies Adds Three Corporate Luminaries to Advisory Board
NEW YORK,Dec. 6, 2022/PRNewswire/ -- Vessel Technologies announced that it has addedMark Schwartz, CEO of Palladin Consumer Retail Partners,David Shapiro, Managing Partner of KPS Capital Partners, andBrian Stoffers全球总裁CRBE债务和结构化菲南ce division, to its Advisory Board. They join a prominent group of Advisors from the worlds of finance, real estate venture capital, private equity and general industry that support Vessel's mission to offer each person an equal opportunity for an extraordinary life.
"We're pleased to welcome Mark, David and Brian to this respected group as we help Vessel address the challenges facing the housing market," saidHugh Frater, Chairman of the Advisory Board, former Fannie Mae CEO, and co-founder of BlackRock, Inc. "Vessel has created an innovative solution to provide 21stcentury apartments that hard-working people including firefighters, teachers, first responders, and many others can afford."
Vessel Technologies is a mission-driven housing product company focused on partnering with "hometowns" to deliver aspirational homes for the "missing middle," those who earn too much to qualify for subsidized housing and too little for current 'market-rate' options. Leveraging strategies borrowed from exceptional consumer product development companies, Vessel's unique design incorporates the latest software-enabled technologies, sustainable building materials, and elegant aesthetics in apartments accessible to hard-working community members. Each Vessel property is operated by someone from the community – a vested Caretaker – who is trained and empowered to forge a career in the service of their communities and a pathway to economic opportunity for themselves and their families.
Neil Rubler, Vessel Technologies Founder & CEO, said "We are very proud and grateful to Mark, David, Brian and our other advisory board members for their willingness to join in our efforts to address the longstanding issues facing multifamily housing in America. We have assembled the best and brightest from across the spectrum of commercial real estate and finance to help us fulfill our mission."
Mark Schwartzfounded Palladin Consumer Retail Partners' predecessor, Palladin Capital Group, in 1998 to acquire, provide financing for, and actively manage diversified corporations, primarily in the retail and consumer products sectors. While organizing and deploying Palladin's 2012 equity fund, he also served from 2010 to 2013 as Executive Chairman of Arnotts Limited, the largest department store inIreland。Schwartz and his team managed the restructuring and growth of the business, including recruiting a new senior management team, introducing several new brands, and shifting the company's strategic focus.
In 2002 Schwartz merged the Palladin organization into Gordon Brothers Group and transitioned the business from a retail liquidation firm into a diversified professional services organization before selling his ownership position in 2009. Previous positions include serving as Chairman and Chief Executive of Nine West Group, President ofNew Yorkbuyout firm Rosecliff, Director of the Investment Banking Division of Merrill Lynch, and officer of Manufacturers Hanover Trust, Co. He has served as Chairman or a Director of numerous other public and private companies, and is currently a Director of Nic + Zoe, KT Health, Splash Car Wash, PB Metro, Decowraps and Leapfrog Brands and is a Trustee of the Institute of Contemporary Art and the URJ, as well as an Advisory Board Member of the Jay H. Baker Retailing Initiative at the Wharton School. After graduating from theUniversity of Pennsylvania'sWharton School with a BS in Economics, Schwartz earned an MBA fromHarvard Business School。
David Shapirois a Co-Founder and Managing Partner of KPS Capital Partners, LP, and manager of the KPS Special Situations Funds, a family of private equity funds with about$13.6 billionof assets under management. Shapiro and his partners developed a proprietary investment strategy of creating new companies to acquire assets or businesses from large corporations, businesses owned by families or entrepreneurs, and businesses presented for sale in connection with financial restructurings. Focused on controlling equity investments in manufacturing and industrial companies across numerous industries, the KPS Funds portfolio generates about$21.6 billionin annual revenues across 232 manufacturing facilities in 27 countries.
Shapiro currently serves as Chairman of C&D Technologies and on the board of several KPS portfolio companies including AIS Global, AM General, Autokiniton Global Group, Briggs & Stratton, Eviosys, Howden Fitness, Lufkin Industries and Oldcastle Building Envelope. Prior to joining its predecessor in 1991 and co-founding KPS in 1997, Shapiro was an investment banker withDrexel Burnham Lambertand Dean Witter Reynolds. AUniversity of Michigangraduate, he earned his MBA from theUniversity of Chicago'sBooth School of Business with a specialization in finance.
Brian Stofferoversees the global Debt & Structured Finance practice at CBRE. Under his leadership, the group originated nearly$90 billionin loans in 2021 with 400 different lenders, ranging from less than$1 millionto$1 billionplus. Additionally, the practice maintains a loan services portfolio of over$270 billionglobally. Stoffer has extensive experience in origination, structuring, placement, closing and servicing of commercial real estate debt for life insurance companies, pension funds, banks, debt funds, Freddie Mac, Fannie Mae, FHA and CMBS. He is the past Chairman (2019/2020) of the Mortgage Bankers Association and currently serves on CBRE's Americas Executive Committee.
A graduate ofCalifornia State University, Fullerton, Stoffer began his career with Coldwell Banker Commercial inSouthern California, where he rose to senior real estate finance officer. He earned his MBA in Finance fromSan Diego State University。
In addition to Frater, Schwartz , Shapiro and Stoffer, Vessel Technologies Advisory Board members include:David Brickman,CEO, NewPoint Real Estate Capital and former CEO of Freddie Mac;基思•安德森, also a BlackRock Co-Founder, and former Soros CIO;Brad Bernstein, Managing Partner, FTV Capital;Jonathan Bilzin,Co-CEO of Towerbrook Capital;David Blitzer,Founder & Co-Chairman,Harris Blitzer Sports& Entertainment;Mark Booth,former Chairman & CEO, NetJets Europe and MTV Europe;Jonathan Fascitelli,CEO ofHarris Blitzer Sports& Entertainment Real Estate (HBSE Real Estate);Matt Harris,Partner, Bain Capital Ventures;Jonathan Mechanic,Chairman, Real Estate Practice, Fried Frank;Ben Nickoll,Managing Partner, El Faro Partners; and,Gregory Rush,Founder & Managing Partner, Scarp Ridge Capital Partners.
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SOURCE Vessel Technologies
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