In 1991 real estate experts Howard Hallengren (Chairman) and Jack Miller (President) left Chase Manhattan Bank to found Falcon Real Estate, and they immediately began assembling a team of real estate professionals with broad and diverse experience. From the beginning of the company, Falcon has focused on providing a complete and comprehensive service to overseas investors in the U.S. real estate market. Many of the services provided to our clients are designed to be similar to those provided by international private banks, with an emphasis on a high level of individual attention. The real estate professionals on Falcon’s staff are selected because they understand the need to provide expert real estate advice to sophisticated institutional and high-net-worth individual investors globally. This fundamental approach has successfully attracted investors from around the world, enabling Falcon to carry out transactions on behalf of our clients totaling close to $7 billion since the formation of the company.
Falcon had operated as a partnership for many years but effective as of January 1, 2011, the company incorporated as Falcon Real Estate Investment Management, Ltd., appointing new directors and broadening the ownership of the company.
Board of Directors
Chairman | Chief Executive Officer
Howard Hallengren has extensive management experience in the real estate investment field. Prior to forming Falcon, Mr. Hallengren was Chief Investment Officer and Product Manager for the International Private Banking Department of the Chase Manhattan Bank. In that capacity, he had overall responsibility for the bank’s real estate investments on behalf of non-U.S. investors, including the Chase Manhattan Real Estate Fund. Before joining Chase, Mr. Hallengren was Chief Investment Officer at The First National Bank of Chicago. During his tenure there, he also served as Chairman of the Real Estate Investment Committee, which supervised Real Estate Fund F, one of the first commingled funds for US employee benefit trusts. Mr. Hallengren is a graduate of Princeton University and received his master’s degree in business administration from the University of Chicago.
Chief Operating Officer | Head of Asset Management
Scott Bennett is the Chief Operating Officer of Falcon Real Estate and has broad responsibilities in managing the daily operation of the company. He is also a member of the Executive Committee and the Asset Management Committee. As Head of Asset Management, Mr. Bennett has overall responsibility for the performance of the firm’s assets under management and the asset management team. During early his tenure with Falcon, Mr. Bennett managed many office, retail and multi-family properties as well as several new construction condominium developments. Prior to joining Falcon, Mr. Bennett was employed by the government of Ocean County, New Jersey, in its Department of Planning and Land Development, where he served as Director of Economic Development and General Manager of Ocean County Executive Airport. He received a bachelor’s degree in economics from the University of Connecticut. Mr. Bennett also earned top honors while receiving an MBA from Montclair State University in New Jersey.
Jack Miller, who oversees all acquisitions at Falcon Real Estate, joined Falcon after serving as Manager of the Real Estate Investment Division within Private Banking International at the Chase Manhattan Bank. In that role, he had direct responsibility for property acquisition, property management and mortgage financing. Like Mr. Hallengren, Mr. Miller also came to Chase from The First National Bank of Chicago, where he served for ten years in the bank’s real estate investment division. He is a founding member of the Accounting Standards Committee of the National Council of Real Estate Investment Fiduciaries, which is the coordinating group that sets accounting standards for U.S. institutional investors. Mr. Miller received a Bachelor of Science degree in accounting and a master of finance in real estate from De Paul University, as well as a master’s degree in business administration from the University of Chicago.
Kenneth C. Lorman
Senior Vice President | Senior Acquisition Officer
Kenneth Lorman is a Senior Vice President and Senior Acquisitions Officer for Falcon Real Estate located in the company’s New York office. He is specifically responsible for property acquisitions in the Eastern section of the United States, with a focus on New York City and Boston and their immediate suburban areas. He also supervises acquisitions in Miami and the southeastern section of the country. In addition, Mr. Lorman plays an active role in supporting Falcon’s new business activities. He joined Falcon in 1998, prior to which he was a ratings analyst with Standard & Poor’s in New York City. In 1997 he earned a masters degree in real estate investment from New York University. Mr. Lorman graduated from Lehigh University in 1988 with a Bachelor of Science degree in accounting, and he is a Certified Public Accountant.
First Vice President | Chief Financial Officer
Serving as First Vice President and Chief Financial Officer out of Falcon’s Dallas, Texas office, Norman Hill has overall supervisory responsibility for the company’s financial accounting, reporting and analysis functions. Mr. Hill joined Falcon in August 2002 with fourteen years experience in the commercial real estate industry, nine of which were in financial accounting. Prior to joining Falcon, Mr. Hill worked with L&B Realty Advisors, Inc. a Dallas based national real estate advisory firm serving institutional clients. During his tenure with the firm, he served in a variety of positions including associate asset manager, associate portfolio manager, financial systems manager and property controller. A graduate of Texas Tech University, Mr. Hill has a bachelor of business administration degree in finance.
Advisors to the Board
Certified Public Accountant
Located in Falcon's Dallas, Texas office, David Hill provides advice and guidance for the accounting and tax structuring activities for all of the properties and holding companies managed by Falcon. He is also involved in property acquisition in the southwestern states and in Washington D.C. Mr. Hill has been working in the Texas real estate market since 1979. He is a Certified Public Accountant, formerly employed at Arthur Andersen & Company, and he is a licensed real estate broker. From 1984 to 1990, he was the chief financial officer of Arthur-Sterritt Partners, a diversified real estate development company, and was President of their property management division. Mr. Hill has both a bachelor and a master of business administration degree from the College of William and Mary in Virginia.