Peter Hauspurg and Daun Paris are taking new roles at ABS Partners Real Estate after closing their company Eastern Consolidated this summer.
Hauspurg will have the title of co-managing partner and Paris will be a senior member of the company, Commercial Observer reported.
The two wanted to try “something other than the brokerage business,” Hauspurg told the publication.
“We have been buying [privately] for the past 15 years for friends and family and we thought it was an exciting thing to try,” he said. “I’m 65 years old, so if you want to try it, better to do it now than at 70.”
ABS, which has an investment portfolio spanning 96 properties, also scooped up former Eastern CFO Peter Takiff, who will work with Paris and Hauspurg on the company’s acquisition pipeline.
The company’s president and co-manager partner Gregg Schenker told CO he has known Hauspurg for many years. “The foundation [of the hire] is from that relationship,” he said. “Also, Earle [Altman, the chairman of ABS] serves on the M&T Mortgage Advisory Committee with him. That led to a discussion.”
Hauspurg and Paris decided this summer to shut Eastern Consolidated down after nearly 40 years in the business, putting a number of top dealmakers out on the market looking for jobs.
Competing firms have snapped them up over the past few months. Brian Ezratty and Ron Solarz, for example, joined Newmark Knight Frank. Compass hired Adelaide Polsinelli and her team to launch the firm’s commercial division. [CO] – Rich Bockmann