Federal Capital Partners (FCP) has announced the appointment of Edward (“E.J.”) Corwin as a Senior Vice President to expand the company’s portfolio of debt-related investments in the Mid-Atlantic markets. Corwin joins FCP from Wells Fargo Bank, N.A., (Wells Fargo) where he served as Senior Vice President for the Special Situations/REMAG Group.
“E.J.’s breadth of experience in credit and the capital markets will provide the leadership to help us identify new opportunities for expanding the platform, in a manner consistent with our investor goals,” said FCP Managing Partner, Lacy I. Rice. Rice continued, “FCP has a unique capacity to provide creative capital solutions for real estate operators, mortgage brokers and investors and has been expanding that business throughout the mid-Atlantic region over the last 18 months. We are fortunate to gain the leadership of an experienced executive with whom we have an established and trusted relationship. We worked closely with E.J. while he was at Wells Fargo and always admired his strong underwriting, creative deal structuring and his commitment to basic credit principles. We’re delighted to have him bring those valuable attributes to FCP.”
Corwin served in leadership roles at Wells Fargo in Washington, DC since 2002. During that time he managed a $1.2 billion portfolio of nonperforming loans nationwide including office, multi-family, retail, hotel, commercial land, residential land, and condominiums. Also, while in the Real Estate Merchant Banking Group at Wells Fargo, he originated over $800 million of structured loans, primarily in the MidAtlantic region. Prior to Wells Fargo, Corwin served in several project management roles at real estate companies, Jones Lang LaSalle (Spaulding & Slye Colliers) and Whiting-Turner.
About Federal Capital Partners
Federal Capital Partners (FCP), based in the Washington, DC metropolitan area, is a privately held real estate investment company that has acquired interests in more than $3 billion in assets since 2003. FCP invests in commercial and multi-family assets throughout the Mid-Atlantic region, including Washington, DC, Baltimore, Philadelphia, the Virginia Tidewater region and the Carolinas. FCP currently manages a portfolio of approximately $2 billion in real estate assets throughout those markets. FCP’s managing partners are Tom Carr, Esko Korhonen, Alex Marshall and Lacy Rice.
Through its discretionary co-mingled private equity funds, FCP invests directly in core-plus, value-add, opportunistic and development properties. In addition, FCP provides both equity and debt capital to real estate operating partners. The company is aggressively seeking office, residential (for sale and for rent), industrial and retail investments in all of its target markets. For further information on FCP, please visit www.fcpdc.com