Robert L. Nessen, Principal
Robert Nessen began his career in 1958 at the law firm of Dewey, Ballantine, Bushby, Palmer & Wood where he specialized in corporate and net lease finance. Since that time, he has been active in all aspects of real estate and corporate asset-backed finance. He has been involved with the closing of over $6 billion of transactions in these areas and continues to be a leading authority in the legal, accounting and other technical aspects of net lease and other credit real estate financings. Robert is an Adjunct Professor of Law at the Boston University School of Law where he teaches real estate finance and taxation. He has written the authoritative book on real estate finance, Real Estate Finance and Taxation: Structuring Complex Transactions. He also has written about real estate, finance and tax matters for the New York Times and the Harvard Business Review as well as for several other major journals and magazines. His other works include two books on real estate and on tax policy. Robert received his Bachelor of Arts degree from Dartmouth College and his L.L.B. from Harvard Law School.
Ethan S. Nessen, Managing Partner
Ethan Nessen, a founding member of the CRIC2 Funds team, oversees the structuring and financing of CRIC2 Funds’ net lease and sale-leaseback transactions. With over 20 years of real estate and investment experience, Ethan has shaped significant real estate transactions for major corporations such as Kmart and the software giant CA, Inc. Prior to forming CRIC Capital in 2002, Ethan served as Executive Vice President of Corporate Realty Investment Company LLC, where he structured and negotiated net lease acquisitions. He launched his professional career as an economic analyst at the Bank of Tokyo, where he was responsible for structuring equipment lease transactions. Ethan’s deep knowledge of the equipment leasing industry helped define the creative real estate net lease structures applied today at CRIC2 Funds. A noted expert on net lease structuring, Ethan is a frequent speaker at real estate conferences and is regularly quoted in industry publications, including Commercial Property News, Real Estate Forum and National Real Estate Investor and The New York Times. Ethan received a B.A., with honors, from Clark University.
Marjorie S. Palace, Managing Partner
Margie Palace, a founding member of the CRIC2 Funds team, oversees CRIC2 Funds’ daily operations, finances, management and administration. She also works directly with lessees, helping them evaluate, structure and negotiate new acquisitions and oversees the transaction closings, including single asset and portfolio corporate sale-leaseback and net lease transactions. Over the last 19 years, Margie has structured and closed scores of transactions for both for-profit and non-profit corporate lessees. Her expertise has helped shape deals for clients with office space, warehouses, distribution centers, restaurants and industrial properties. Before forming CRIC Capital in 2002, Margie was Executive Vice President and then the CEO of Corporate Realty Investment Company LLC, and, prior to that, Vice President of Acquisitions at Corporate Realty Capital. She received a J.D. from Boston University School of Law and a Bachelor of Business Administration from Emory University Business School.
Leo S. Schwartz, Executive Director of Acquisitions
Leo Schwartz oversees all of CRIC2 Funds’ acquisitions and has originated scores of net lease transactions as executive director. With more than 35 years building relationships in the net lease and built-to-suit business, Leo has worked in every phase of the industry, serving as principal and developer for major corporate and retail users. Corporations have looked to Leo for advice on the financing of office headquarters, warehouses, shopping centers and industrial facilities. Previously, Leo served as Executive Director of Acquisitions for Corporate Realty Investment Company LLC, and as a commercial lending officer for Republic National Bank and Chase Manhattan Bank. He received an MBA and a B.S. from Long Island University.
Raymond Lynds, Chief Financial Officer
Ray Lynds has more than three decades of experience in accounting and finance. In previous years, he was Vice President of Finance for Willowbend Development Corporation, a developer of golf course resorts on Cape Cod and in Puerto Rico. Ray began his career at Laventhol Horwath Certified Public Accountants where he managed the Accounting and Business Advisory Services Division, a provider of accounting, tax and consulting services for entrepreneurial clients. He then took on the Chief Financial Officer role for one of his clients, MIRA, Inc., a manufacturer of ophthalmic medical products. Ray holds an MBA from Babson College and a Bachelor of Science degree from Bentley College.