Falcon Real Estate Restructures Organization
Falcon Real Estate announced that it has restructured the firm from a limited partnership to a corporation. The name of the organization going forward is Falcon Real Estate Investment Management, Ltd. Co-founders, Howard Hallengren and Jack Miller will retain their respective roles as Chairman and President. The firm also announced that Scott Bennett will serve as Chief Operating Officer, Norman Hill as Chief Financial Officer, and Amaury de Parcevaux as Chief Marketing Officer. Falcon will remain as a privately held company, but will henceforth be fully owned by its employees.
Hallengren noted, “Falcon will continue to provide expert real estate advisory services throughout the U.S. Satisfying our clients and helping them realize their investment goals remains our number one priority. The reorganization primarily allows the employees of the company to share more fully in the success of the firm going forward.”