Investor insights to city's 'rebirth'

Real Estate Weekly, Sept 22, 2004

Joseph M. Zuber, Chief Investment Officer, The City Investment Fund, a joint venture of Fisher Brothers and Morgan Stanley, will speak at the season's first B'nai B'rith Real Estate Unit luncheon on Wednesday, October 13, 12:00 noon at the Cornell Club, 6 East 44th Street. His topic will be "Investing in New York City Real Estate--A New York City Hedge Fund Perspective."

"The establishment of The City Investment Fund is an exciting development in the rebirth and growth of New York City," said Harry Zlokower, Co-chair of the B'nai B'rith Real Estate Unit.

"Mr. Zuber will provide us with insight as to the nature and scope of projects his group will be looking at."

The City Investment Fund (CIF) is an investment vehicle designed to pursue opportunistic real estate investment activities exclusively within the five boroughs. The Fund is co-sponsored by Fisher Brothers and the Morgan Stanley Real Estate Fund. Its capital commitments total $770 million including approximately $100 million in sponsor's capital.

Prior to joining CIF, Joseph Zuber was an executive director and a senior acquisitions officer of The Morgan Stanley Real Estate Funds.

He was responsible for sourcing and executing U.S. investment opportunities and led MSREF's investing activities in New York City.

Zuber has structured numerous joint ventures, real estate asset/portfolio acquisitions and operating company investments. Before joining Morgan Stanley in 1996, Zuber served as an Associate in the Real Estate Investment Banking Group at Merrill Lynch, focusing on mergers and acquisitions.

Zuber holds a Bachelor of Architecture Degree from Cornell University and an MBA from The Colgate Darden Graduate School of Business at the University of Virginia.

Call Ms. Aracelis Kuilan at (212) 885-7239 to secure your reservation for the October 13 luncheon. You can also fax her at (212) 697-5076, e-mail akuilan@bdo.com. Admission is $55 in advance and $65 at the door. It is advisable to reserve in advance to secure a place. Make checks payable to B'nai B'rith Real Estate and mail to Ms. Aracelis Kuilan at BDO Seidman, LLP, 330 Madison Avenue, New York, NY 10017.