Former JLL employees Aaron Appel, Keith Kurland, Jonathan Schwartz and Adam Schwartz, have announced the formation of their new firm, AKS Capital Partners, a capital markets advisory firm that focuses on project specific and portfolio-level debt and equity capital for real estate developers, institutional and entrepreneurial sponsors across all asset types nationally.
Prior to forming their new venture, the partners were the highest producing debt and equity advisors annually during their tenure.
Recent deals include $664.1 million for 9 DeKalb Avenue, which will become Brooklyn’s tallest building upon completion in 2022 (JDS Development Group), $330 million for Hub in Downtown Brooklyn (Steiner NYC), $311 million for 1735 Market Street in Philadelphia (Silverstein Properties and the Arden Group) and $215 million for Tower 28 in Long Island City (Heatherwood Luxury Rentals).
At JLL, Appel was Head of the renowned Debt and Equity Capital Markets New York City Practice, Kurland and Jonathan Schwartz held the title of Vice Chairman and Adam Schwartz was a Managing Director. During their time at that firm, they facilitated over $40 billion of debt and equity placement.
“This new venture brings together the best and the brightest advisers in the industry and we’re excited to partner together to continue meeting and exceeding the expectations of the prominent clients we’ve worked with over the years,” commented Appel, speaking on behalf of the partnership.