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JOSS began acquiring office properties in 2005 and, in 2007, co-sponsored PJSC-JOSS Real Estate Partners I, LLC (the “Fund”), an investment fund geared toward purchasing office properties in our target markets, with the Peter J. Solomon Company, L.P. (“PJSC”). Founded in 1989 and headquartered in New York City, PJSC is a leading independent strategic and M&A advisory firm with more than 40 professionals. The Fund is fully invested. Earlier acquisitions were capitalized by employing 10-year, fixed-rate securitized mortgages and equity. The equity was syndicated among high net worth individuals, family offices and endowments.
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