NEWS & PRESS
March 9, 2023
FD Stonewater Announces STAR Fund Advisory Committee

The FD Stonewater STAR Evergreen Fund, L.P. (the “STAR Evergreen Fund”) formally announced Michael McNamara, Daniel Philips, and Nancy McGrath as initial members of the fund’s Advisory Committee.  The Advisory Committee’s primary role is to review and opine on conflicts of interest related to the fund.  The fund launched in December 2022 to pursue a Single Tenant Active Return (STAR) strategy focused on assembling a diversified portfolio of mission-critical single-tenant real estate assets in U.S. secondary and tertiary markets across industrial, government, research and development, and office sectors. In December 2022, FD Stonewater announced the first closing of the STAR Evergreen Fund in the amount of $19 million, simultaneous with the acquisition of two seed assets.

Michael McNamara has a career spanning four decades leading numerous global real estate investment platforms, most recently as the Senior Managing Director and Global Head of Real Estate Investments for Manulife Investment Management. In that role, Mr. McNamara was responsible for the development, execution, and portfolio management of the company’s global real estate investment strategies for both the General Account as well as institutional investors that include both public and private pension funds. Prior to joining Manulife, Mr. McNamara worked at Brookfield Office Properties and was responsible for all U.S. investment activity. Before joining Brookfield Office Properties, he spent nine years as a Managing Director at Lehman Brothers and 20 years at Equitable Real Estate Investment Management, Inc. Over the course of his career, Mr. McNamara has been responsible for transactions valued at over $100 billion. 

Daniel Philips is co-founder and Chief Executive Officer of JDJ Capital Management, a private investment firm located in New York City. Prior to forming JDJ Capital in 2006, Mr. Philips worked in the investment banking group at Bear, Stearns & Co., with a focus on industrials and real estate. Mr. Philips began his career as a corporate lawyer with Cadwalader, Wickersham & Taft, where his practice concentrated on mergers, acquisitions, and securities offerings. Mr. Philips currently serves on the Board of Directors of Air Wisconsin Airlines, LLC, and AWAC Aviation, Inc., and is also on the Advisory Board for Emory University’s Goizueta Business School. Mr. Philips received his BBA from Emory University and his JD and MBA from The George Washington University. 

Nancy McGrath is General Counsel for Peterson Companies and serves on the company’s Executive, Investment, and Finance Committees. Nancy concentrates her practice on all aspects of real estate development including the structuring of complex mixed-use projects, land and building acquisition and disposition, joint ventures, financing, construction, leasing (government and private sector), project management, and operations. She also advises the company on family office, general business, strategic and corporate matters. Prior to joining Peterson Companies Nancy was an associate at the law firm of Melrod Redman & Gartlan. Nancy received her BA degree magna cum laude in History and Political Science from Duke University and her Juris Doctor degree from the University of Virginia Law School. 

Jeffrey Toporek, Co-Founder for FD Stonewater said We are incredibly grateful to Mike, Dan, and Nancy for their continued commitment to, and support of, FD Stonewater and the STAR Evergreen Fund. Together, they bring significant diversified perspectives, experience, and leadership as well as exemplary reputations to the Advisory Committee’s role of reviewing and opining on conflicts. Over the past 20 years, Mike, Dan, and Nancy have each provided invaluable guidance to FD Stonewater and we are pleased to formalize these relationships with their membership in the fund’s Advisory Committee. 

FD Stonewater has acquired, asset managed, and/or developed 5.6 million square feet of single-tenant assets valued at $1.3 billion. FD Stonewater’s national capabilities encompass over 8 million square feet of experience in more than 40 secondary and tertiary markets across the country.

For more information on the STAR Evergreen Fund and our Advisory Committee, please visit https://staging1.fdstonewater.com/star-fund/.

Disclaimer 

Please note that the foregoing is not an offer to sell or a solicitation of an offer to purchase any securities of FD Stonewater STAR Evergreen Fund, L.P. (the “Fund”) or any affiliate, and any such offers will only be made pursuant to a private placement memorandum or similar disclosure document (“Private Placement Memorandum”) and other definitive documentation relating to any such offering. The foregoing information excludes material information that is detailed in the Private Placement Memorandum, including, but not limited to, risk factors. Prior performance is not indicative of future results. An investment in the Fund is speculative and involves a high degree of risk. Only investors who can withstand the loss of all or a substantial part of their investment should consider investing in the Fund.  Additionally, an opportunity to invest in the Fund is only available to (a) “accredited investors” as defined in Rule 501(a) promulgated under the Securities Act of 1933, as amended (the “Securities Act”), or (b) non-U.S. persons that meet the requirements set forth in Regulation S promulgated under the Securities Act.