Ex-Goldman head dies


Sad to report.

Richard Jennings, who founded and led the mortgage-finance group at Goldman Sachs and went on to start his own real estate investment-banking firm, has died. He was 72.

Bloomberg News reports that he died February 28, according to a death notice Thursday in the New York Times. No cause was given.

During an almost 20-year career at Goldman Sachs, which in 1999 became Goldman Sachs, he oversaw its real estate investment trust investment-banking operation. In 1991, he founded Realty Capital International, serving as president of the firm, also in New York, and working alongside his daughter, Sally Jennings.

Realty Capital has managed more than $9bn of transactions, including joint-venture equity, project finance and REIT initial public offerings, according to its website. Clients have included SL Green Realty, Mitsui Fudosan and Boston Properties.

To access the complete Bloomberg News article hit the link below:

Richard Jennings, Ex-Goldman Mortgage Finance Head, Dies at 72

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