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
In this new role, he is responsible for all real
estate strategy, acquisition, sales, property management, training
and broker-relationship management, including international real
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.
Active has acquired
commercial properties encompassing retail, office, manufacturing,
and industrial space in countries around the world and has strategic
partnerships with the industry's leading commercial real estate