The Company

  Founded in 1905, Albert M. Greenfield & Co., Inc. ("AMG") is one of Philadelphia's oldest real estate companies. Established by Albert M. Greenfield, the company, at the time was allied with Banker's Securities Corporation which was also controlled by Albert M. Greenfield, grew into one of the country's largest real estate, banking, insurance and development concerns. During this period, Bankers Securities Corporation and it's subsidiary, City Stores Co., employed more than 30,000 people.

  Controlling much of Philadelphia's prime real estate over the years, Bankers Securities Corporation handled all real estate and insurance matters for the Bellevue Stratford Hotel, the Benjamin Franklin Hotel, Lit Brothers Department Store, and other Philadelphia institutions. For most of his long career, Albert M. Greenfield was active in the political and civic affairs of Philadelphia. He enjoyed a close relationship with many Presidents from Herbert Hoover to Lyndon Johnson. He was instrumental in bringing the Republican and Democratic Conventions to Philadelphia in 1948. As Chairman of the City Planning Commission, he played a major role in the redevelopment of the City including Society Hill. Mr. Greenfield died in 1967 at the age of 79. Except for the periods 1979-1983 and 1983-1990, when the company was owned by Philadelphia Industries and the New York real estate firm of Helmsley Enterprises, respectively, AMG has always had a member of the Greenfield family overseeing operations.

   Albert M. Greenfield, III ("Moose"), grandson of the company's founder, purchased the company in January 1991, and has focused the business on tenant representation, real estate investment banking and asset management. Presently AMG represents several institutional clients nationally to develop occupancy strategies for commercial space. Besides the Philadelphia area, AMG has concluded lease transactions in San Francisco, Los Angeles, Chicago, Boston and other major urban areas. AMG's investment banking unit which operates out of the New York office, concentrates on institutional sales/refinancings, restructuring debt and equity of real estate, workouts and bankruptcy.

   AMG currently employs 25 professionals and has two offices: headquartered in Philadelphia with investment banking/asset management office in New York.