Watkins joins Megalith Capital Management as a principal
According to Megalith Capital Management, a residential real estate owner and developer focused on investments in New York City and urban, supply-constrained markets, Philip Watkins has joined as a principal. In his new position, Watkins will be actively involved in all aspects of the firm's acquisitions and asset management activities.
"We are delighted to welcome Phil to Megalith. His experience and industry knowledge have allowed him to hit the ground running and have already made him a key addition to the Megalith team," said Samvir Sidhu, chief executive officer of Megalith
Prior to joining Megalith in 2013, Watkins worked for Morgan Stanley Real Estate Investing, where he was responsible for underwriting, structuring and closing investments across a wide range of asset classes and throughout the capital structure.
"I am thrilled to join Megalith and look forward to identifying new opportunities to create value and helping to grow the Megalith portfolio," said Watkins.
Watkins received an MBA in General Management from the Harvard Business School and a BSBA in Finance, cum laude, from the University of Florida.
Brooklyn, NY Investment Property Realty Group (IPRG), a New York-based commercial investment firm, has closed the sale of 1094 Hancock St., a mixed-use building in the Bushwick section, for $1.75 million.
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