Carlton Group has established a new Middle East/North Africa (MENA) region, and announced the hiring of managing director Ed McClendon to lead the unit.
Chairman Howard Michaels said McClendon will bring the investment sales and equity debt services directly to the region.
McClendon, who lives in Dubai, is a successful real estate investment banking and alternative investment executive with over 30 years of real estate valuation and investment banking experience.
He has raised billions of dollars of capital for domestic and global corporations and financial institutions and is also a FINRA licensed individual.
Joining McClendon is vice president Chase Chehade, who is Lebanese and speaks fluent Arabic and French.
Chehade will co-ordinate activities throughout the MENA Region with McClendon from Carlton’s New York office.
The main objective for McClendon and Chehade is to provide “on the ground” accessibility to MENA Region investors who are looking to invest in major markets in Manhattan, the United States and throughout Europe.
In addition, Carlton will also provide services to MENA Region investors who engage Carlton to raise capital or sell assets in the Middle East and throughout the world.