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Mahindra Invests In A Manhattan Realty Company

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Chairman of the Mahindra Group, Anand Mahindra, is investing in US real estate in his personal capacity. He is partnering with Rotem Rosen, a New York real estate owner and developer and Jerry Rotonda, CFO of Deutsche Bank, WM Americas. A firm called MRR Development is being set by the three partners who will focus on the real estate projects in Manhattan.

Mahindra Group is nowhere involved in this venture. This was made clear, when the group shared a statement confirming the development, “MRR Development, headquartered in Manhattan, is a premier full service real estate powerhouse, founded personally by Anand Mahindra through his family office, and will focus on the identification, acquisition, development, conversion & sale of real estate specifically in Manhattan, reflecting the fundamental analysis of long-term drivers of capital appreciation”.

“MRR will systematically target development projects that deliver value and quality to buyers. The three partners have delivered a strong risk-adjusted track record of returns in their respective careers by relying on their investment discipline and sourcing capabilities”, the statement concluded.

Forbes magazine values Anand Mahindra’s net worth at $1.55 billion. He has always made investments in promising startups like SheThePeople, LocalCircles India and more recently Thinkerbell Labs and the Naandi Education Support & Training (NEST). He also invested in Epic Channel and became a partner with Mukesh Ambani.

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1 Comment

1 Comment

  1. CBRE

    May 13, 2018 at 7:45 pm

    New York is undergoing a number of major development projects that are changing its profile and solidifying the city’s position as one of the leading global cities. Anand Mahindra, Jerry Rotonda, Rotem Rosen and MRR Development will position during the transformation of downtown anchored by the new World Trade Center, the revitalization of Brooklyn, and the development of Hudson Yards are a few projects changing New York’s skyline.

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