Partner And President
Current
Cpg Island Servicing Llc
New York And San Juan Puerto Rico
Mr. Kirschner is the President of, and partner responsible for, CPG's non-performing loan and and REO portfolio which was acquired by CPG, in partnership with Goldman Sachs and Perella Weinberg, from various banks in 2011-2013. This real estate portfolio included $2 Billion in UPB secured by over 3,000 commercial properties and rental apartment buildings, condominiums and housing developments with over 6,000 residential units. The portfolio is now over 95% liquidated. Mr. Kirschner founded, grew and leads CPG Island Servicing LLC, a primary and special servicing operation that at one time included over 60 professionals. CPGIS’s responsibilities include property and asset management, development and construction, leasing, loan monitoring, workouts, marketing, sales and dispositions, as well as legal, reporting, audit and tax compliance. Mr. Kirschner regularly collaborates with his investors regarding portfolio strategy. Mr. Kirschner was responsible for developing, leasing, promoting, managing and selling Paseo Caribe, a one million square foot mixed-use ocean front development in San Juan, Puerto Rico that included three luxury residential condominium towers that sold out at the highest prices within the San Juan metro area, a 110,000 Square Foot commercial and entertainment center for which Mr. Kirschner developed El Mercado de Paseo Caribe, a 19,000 square foot gourmet food hall that enjoyed both critical and financial success with sales approaching $12,000,000/year which is in line with sales at the top 100 independent restaurants in the United States.In order to market the portfolio while setting it apart from CPG’s core portfolio, Mr. Kirschner created Aurora Properties, an online sales and marketing platform for smaller Class B and C properties within the portfolio. www.aurora.pr