Michael Nierenberg is the President, CEO and Board chairman at Residential Investment Corp. He took up the position in November of 2013. Michael also serves at Fortress as a managing director. He served as global securitized products head at JPMorgan and global mortgages managing director at Bank of America Merrill Lynch prior to joining residential investment corp. Michael Nierenberg is an expert in finance with more 7 years working for Lehman Brothers and 14 years at Bear Stearns.
The New York-based company Residential Investment Corp specializes in real estate investments especially the division of residential housing. The expertise of the company’s leaders like Michael Nierenberg facilitates attractive returns for its clients. They also help in living up to the company’s goal of using investments to drive risk-adjusted desirable returns.
An investment in real estate is an investment in the community. Nonetheless, it has become difficult for Americans to become home or business owners. However, there exist investment opportunities that allow them to build businesses and homes without being held up the ownership aspect. Michael Nierenberg provides such an opportunity with the New Residential Investment Corp real estate investment trust (REIT).
A REIT is a company that owns or finances a real estate investment with the aim of creating income. New Residential Investment REIT has made it easy for the public to invest by leveraging of the market knowledge to generate great income for the investors. It focuses on assets with conventional capital structures long term and steady cash flows. Recently Michael Nierenberg announced the acquisition a mortgage company Shellpoint Partners for $190m by New Residential Investment Corp. This will lead to the integration of a wide range of real estate services such as insurance of title deeds and a third-party servicing platform.
The success of a REIT is largely determined by a strong leadership team. Michael Nierenberg leads a skilled and informed team conversant with the market of residential housing. The team and the ability to keep up with the dynamics of the market has and continues to make Residential Investment Corp a go-to company for real estate investment needs.
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After multiple years of being involved in political as well as economic difficulties, Brazil is vastly becoming a prosperous country by overcoming recession in a significant way. Even though its prices of residential properties fell by about 3.2 percent over the years, when there is a report on inflation, there are areas that are still considered a hub of investment opportunities. One main reason for a downturn of the property market was the oversupply of houses since lower prices contributed to the development of the economy. For Jose Auriemo Neto of JHSF, this report hasn’t affected much of his business because for more than forty years he has been practicing in the real estate industry where he majors in property development in addition to management.
While serving as the head of JHSF, Neto has majored in the strategic placement of the company to ensure that it develops into a global international brand that invests in upscale properties such as hotel chains, luxury apartments, and restaurant chains among other business ideas. Jose Auriemo Neto has also supported the development of some of the most luxurious malls such as Cidade Jardim, Ponta Negra as well as Bela Vista among others. Under his leadership, the firm has been running other chains of restaurants such as the Fasano Chain of Hotels in Trancoso, Las Piedras, and Rio de Janeiro.
Under the guidance of Jose Auriemo Neto, the company has also delved into aggressive diversification of properties such as Fasana Hotels in Uruguay as well as Miami. Recently, the company delved into a project to establish a corporate office at Fifth Avenue to underline its intention to gain a main operational footprint by venturing into various industries through portfolio diversification. Some of the sectors the management has delved into including restaurants, airports, and fashion. Today, the company is a proud owner of Catarina Business Airport situated in Sao Paulo. It also owns Catarina Shopping Mall.
Jose Auriemo Neto is a revered business leader who understands the logistics behind management. Joining the firm as a teenager, he served as the head cheerleader of the parking lot he established at that moment. The executive business leader drew from his background in engineering tremendous experience in resource allocation. He is now spearheading the company toward success.
José Auriemo Neto is the chairman and chief executive officer of JHSF Participacoes. JHSF is a Brazilian real, estate development company. JHSF deals with the development of residential and commercial properties in Brazil. However, it has operations in two other countries; Uruguay and United States. As the CEO, José Auriemo Neto oversees all the operations of the company. Most of its investments are in hotels building, public developments and office buildings. JHSF also has interests in shopping and retail portfolios. JHSF is the owner of the largest shopping centers in Brazil. They included Cidade Jardim shopping complex that is found in Sao Paulo, the Bela Vista in Salvador, Metrô Tucuruv, the Ponta Negra shopping Centre located Manaus. Currently, they are constructing two, other shopping centers in Sao Paulo District.
José Auriemo Neto as the CEO in 2009 oversaw the first retail partnership with the other big brand s in the world such as Pucci, Hermes, and Jimmy Choo. The deals allow the brands to open shop in the JHSF owned shopping center Cidade Jardim shopping complex. JHSF has also partnered with other special brands such as Valentino who have opened the first R.E.D Valentino and Valentino stores in Brazil.
JHSF has established itself as the leader in Brazilian real estate. José Auriemo Neto showed shrewd management skills by being able to overturn the fortunes for this company that was established by his father. Since joining the company, he has been very keen to transform the operations of the company by expanding its operations to various cities across the world.
José Auriemo Neto attended FAAP (Fundação Armando Álvares Penteado) University in Sao Paulo. He joined JHSF in 1993. José Auriemo Neto was the brain behind the first parking lot management company at JHSF known as Parkbem. After the success that he oversaw with Parkbem, he was given the role of being the project leader in the construction of Shopping Santa Cruz.