Princeton Holdings names King managing director

According to Princeton Holdings, LLC, David King has joined the firm as managing director. A cum laude graduate of Princeton University, King earned his MBA from the University of Pennsylvania's Wharton School of Business. He will report to the CEO of Princeton Holdings, Joseph Tabak. In his capacity as managing director of the firm, King will be involved in all of Princeton's operations, which will include sourcing new investments, structuring transactions, property financings and fundraising efforts as well as the overall management of the firm. In past years, King has worked with Tabak on numerous real estate investments, including office, retail and multifamily investments. King has held senior-level positions in the commercial real estate business for three decades, during which time he has worked on every aspect of the business. He began his career working in the real estate finance group at the Bankers Trust Co., where he participated in numerous real estate financings, advisory assignments and equity investments. After Bankers Trust, he joined the U.S. arm of the Olympia & York Cos. which, at the time, was the largest commercial landlord in the nation. At Olympia & York, which ultimately became Brookfield Properties, he was involved in numerous financing, leasing and sale transactions related to the firm's large portfolio in the U.S. He also worked on the restructuring of Olympia & York's debt prior to the Brookfield Properties transition. King subsequently became a partner at Northstar Capital Partners, a manager of opportunistic real estate investment funds, where he oversaw numerous office, multifamily and retail investments. At Northstar, he also founded and managed the firm's mezzanine and subordinate debt investment business and built a substantial debt platform in partnership with a major institutional investor. In 2006, he left Northstar to form the First Point Cos., which chiefly invested in multifamily assets located in New York City and major East Coast markets. The First Point Cos. also continued the mezzanine and subordinate real estate debt business that King started at Northstar. "We are extremely pleased that David has joined the Princeton Holdings team," said Tabak. "His timing couldn't be better, too, given that we are actively working on several large-scale portfolio and single-asset transactions in addition to launching an historic mixed-use development in Brooklyn. So having a high-caliber talent like David on our team at this moment will give us a critical advantage going forward."