Active International Expands Real Estate Division

Active International, the world's largest corporate trading firm, has announced two important changes to its real estate division. Mark Ordover has been named senior vice president, director of worldwide real estate and Josh Siegel has joined the group as acquisitions associate.

Ordover has been with Active for twelve years and previously was senior vice president of sales. His achievements include executing the largest corporate trade in history. Prior to joining the firm in 1992, Ordover was in the Investment Banking Division of Bankers Trust. He received his MBA from Columbia Business School.

In this new role, he is responsible for all real estate strategy, acquisition, sales, property management, training and broker-relationship management, including international real estate initiatives.

Joshua Siegel joins Active's real estate division with more than seven years experience in analyzing, financing and negotiating highly-structured real estate transactions for public and private real estate companies throughout the United States, Europe and Australia.

Before joining Active, he was a vice president in Citigroup's Real Estate Investment Banking division, where he completed transactions involving a variety of asset classes totaling over $4.3 billion, including a $1 billion reorganization of a manufactured housing company and sale-leasebacks for two international retailers totaling $216 million.

Siegel received an MBA from the Harvard University Graduate School of Business Administration and a B.A. in history from the University of North Carolina, Chapel Hill.

Ordover and Siegel join an established team that has successfully identified new commercial real estate acquisition opportunities and helped clients recover full value on undervalued or unwanted real estate assets.

The senior vice president of real estate, Andreas Kissal, joined Active in 1993 and is responsible for creating a global infrastructure to value, complete due diligence, acquire, and sell or lease commercial real estate. Kissal's previous experience includes senior level positions with top tier financial services firms inclusive of Citibank and CS First Boston.

Last year Jonathan Sorkenn joined Active as vice president and director of real estate, to spearhead Active's real estate acquisition efforts. Prior to joining Active, Sorkenn worked at PricewaterhouseCoopers Securites and Landauer Associates, and has since helped Fortune 500 companies recover full original value on their surplus real estate.

�The expansion of Active's real estate division underscores our commitment to this category,� said Fredrick Fuest, chief operating officer of Active International. �The combined corporate trade and real estate experience in this department will help us grow our real estate business and provide exceptional benefits to our clients who are looking for solutions for their financially impaired real estate assets.�

As a principal, Active's Real Estate Group acquires financially impaired fee and leasehold properties from corporate owners and lessees in exchange for cash or trade credits at up to full value, regardless of market conditions.