#United States #New York City #Bashir Elmegaryaf #Evan Silver #Stonehenge Investment

Stonehenge Investment Promotions

In a recent announcement that highlights its ongoing growth in the multifamily sector of New York City, Stonehenge Investment has promoted Bashir Elmegaryaf to Managing Director and Head of Acquisitions and Evan Silver to Managing Director and Head of Asset Management. These promotions come as part of the firm's strategic expansion of its fully integrated investment platform.

Overview of Their Roles

Both Elmegaryaf and Silver will take on critical responsibilities in sourcing, executing, and managing investments throughout Stonehenge's portfolio. Their promotions signal the firm’s commitment to enhancing its capabilities in a rapidly evolving market.

Ofer Yardeni, Chairman and CEO of Stonehenge Investment, stated, "Bashir and Evan have been essential in building and strengthening our business. Bashir has significantly contributed to our acquisition capabilities, while Evan has been vital in executing and creating value across our portfolio. These promotions recognize their contributions and our continued commitment to disciplined growth."

Elmegaryaf, who has been with Stonehenge since 2020, has been pivotal in augmenting the company’s investment portfolio. His expertise will serve to enhance the firm’s acquisition activities, aligning closely with fund management and capital markets teams. Under his leadership, Stonehenge aims to maintain its rigorous underwriting standards while pursuing new investment opportunities. Before joining Stonehenge, he served as the Assistant Vice President of Acquisitions and Development at Equity Residential, where he played a crucial role in over $800 million of acquisitions and asset management for around 10,000 units.

Reflecting on his promotion, Elmegaryaf expressed, "I am honored by the trust Stonehenge has placed in me. With the current market fundamentals, we see attractive buying opportunities and are eager to advance disciplined acquisitions while scaling our platform."

On the other hand, Silver, who has been involved with Stonehenge in a variety of capacities, has led the development and execution of operational strategies for both new and existing investments. His hands-on approach emphasizes operational efficiency and performance. In his new role, Silver will oversee all investment execution, managing asset strategies, financing, capital structure optimization, and dispositions, while continuing collaboration with the firm's fund management and investor relations teams.

Prior to his tenure with Stonehenge, he worked as a real estate private equity investment manager and was involved in transactions exceeding $500 million. Early in his career, Silver was part of a global investment bank's Real Estate M&A team and served in the Office of the Prime Minister of Canada.

Saying of the new challenges ahead, Silver remarked, "We have a thirty-year track record of delivering robust returns for our investors and partners. The responsibility to continue this legacy is a challenge I take seriously. We will remain focused on disciplined execution as we scale for the next generation of our company."

About Stonehenge Investment

Stonehenge Investment is a prominent real estate investment management firm located in New York City, overseeing assets of over $3 billion with more than $6 billion in completed transactions. For over three decades, the firm has specialized in multifamily investment in New York City, an area recognized as one of the most resilient and supply-constrained real estate markets globally. Stonehenge's comprehensive platform empowers active management across sourcing, underwriting, and operations, promoting long-term value creation crucial for its investors.

As the firm continues its trajectory of growth, the promotions of Elmegaryaf and Silver are indicative of its strategy to nurture talent and enhance operational efficacy in an increasingly competitive landscape.