Evercore Grows Real Estate Arm as Clients Look to Private Credit
- Practice expands with ex-Goldman Sachs partner Neil Wolitzer
- Advisers are jostling for property debt refinancing mandates
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Evercore Inc. is growing its real estate advisory team as it looks to capitalize on the rise of private lenders in the space.
Neil Wolitzer, a former partner at Goldman Sachs Group Inc., has joined the New York-headquartered investment firm’s business as it pushes to advise firms looking to buy and sell property and refinance their debt in a market where private lenders are usurping traditional banks.