Urdang Names New Head of Private Real Estate
BNY Mellon's Real Estate Manager Names P.J. Yeatman to New Position Responsible for Strategy of Investor's Private Real Estate Business
February 5, 2013
Urdang, the real estate manager for BNY Mellon, has named P.J. Yeatman to the new position of head of private real estate, with responsibility for setting strategy and leading the future growth of the private real estate business.
Yeatman will take on the private real estate responsibilities held by the firm's former chairman, Richard Ferst, who retired in December. He will join Urdang's management committee and report to Urdang CEO E. Todd Briddell.
Yeatman most recently founded CoveredBridge Ventures, a Philadelphia-based real estate investment and advisory firm, and before that served as senior managing principal at the Lubert-Adler Real Estate Funds, where he led the firm’s activities in distressed and public-to-private transactions and participated in raising $6 billion of equity during his 11-year tenure.
Founded in 1987 by E. Scott Urdang to focus exclusively on institutional investment grade real estate, Urdang manages approximately $6.4 billion in public real estate securities through Urdang Securities Management, Inc. and approximately $2.3 billion in debt and private equity real estate investments through Urdang Capital Management, Inc. on behalf of its institutional investor and high net worth clients.