Net Lease Management, LLC
Mr. Germain worked as a corporate attorney at the New York law firm, Willkie Farr & Gallagher from 1984 until 1988, when he became a founding employee and General Counsel of Centre Reinsurance, the first specialty financial reinsurer, with $250 million of venture capital. Centre Re was subsequently acquired by Zurich Financial Services in 1993 and Mr. Germain continued to serve as General Counsel and in other management roles at Zurich Global Assets, Zurich Centre Investments, Zurich Centre Group, and Zurich Capital Markets. Mr. Germain left Zurich Financial Services in 2003 and served for two years as Of Counsel to Ajax Capital, a New York based private equity group. Subsequently Mr. Germain has served on the Board of InMotion, a not-for-profit provider of free legal services to victims of domestic abuse, and on the Board (as Co-Chairman) of One Heart World Wide, a not-for-profit that provides neo-natal and maternal health care training to indigenous communities, principally in Nepal, Tibet, and Mexico. Mr. Germain has also worked as a volunteer on the in-patient substance abuse rehab unit of New York Presbyterian Hospital in White Plains, New York. Mr. Germain received his BA from Hampshire College in Amherst, Massachusetts in 1976 and in 1983 he received his JD from Rutgers Law School where he was a member of the Law Review.
Prior to joining Next Generation Net Lease Management, LLC, Ms. Pak served as a Vice President at Zurich Alternative Asset Management, LLC, a unit of Zurich Financial Services, from 2004 to 2012. As part of the US Real Estate group at Zurich, Ms. Pak was responsible for conducting financial analyses and due diligence for various investment opportunities including direct acquisitions, fund investments, and joint ventures in real estate equity and debt opportunities, as well as real estate workouts. In addition, Ms. Pak was responsible for the asset management of the firm’s $1.8 billion net lease portfolio, as well as developing the firm’s portfolio construction strategy and performing buy/sell/hold analysis across its US real estate investment portfolio. Ms. Pak received a BA, cum laude, in economics from Barnard College of Columbia University in 2003.
Mr. Halabi is the founder of Next Generation Net Lease Management, LLC, (“Next Generation”) an investment manager focused on net leased real estate investments. From 1996 until 2010, Mr. Halabi served as a Managing Director and Head of Real Estate at Zurich Alternative Asset Management, LLC, a unit of Zurich Financial Services. At Zurich, Mr. Halabi led a team that acquired and managed $1.8 billion of net leased assets, including office buildings, data centers, retail stores, warehouses and restaurants (160 properties in 37 states). Mr. Halabi was responsible for all of Zurich’s U.S. real estate investments, overseeing every aspect of its portfolio, from strategy to acquisitions, and asset management to financial reporting. Zurich’s other real estate investments included a portfolio of 24 directly owned multi-tenanted commercial properties, numerous joint ventures, and 40 fund investments. Mr. Halabi served on ZAAM’s four-person Executive Committee and on its investment committee, overseeing $6 billion of hedge funds, private equity and real estate. From 1988 until he joined Zurich in 1996, Mr. Halabi was a principal partner of Equity Conservation, Inc., a firm specializing in raising capital from the leasing arms of major corporations to effectuate the transfer of tax benefits from individual investors in tax shelter partnerships. From 1981 to 1988, Mr. Halabi was a tax attorney with the New York law firm of Willkie Farr & Gallagher. Prior to that, he spent two years with the law firm of Kutak Rock in Omaha. Mr. Halabi is a 1976 Phi Beta Kappa graduate, with honors, of Denison University, and earned his law degree from the University of Wisconsin Law School in 1979. Mr. Halabi lives in Connecticut with his family. His interests include hiking, investing, and writing.
Photo credit: Ma. Eugenia García Pellejero, Buenos Aires, used with permission of the artist