About Millennium Partners

• Christopher M. Jeffries

  Christopher M. Jeffries founded Millennium Partners in 1991 to pioneer a new concept in mixed-use, urban living and entertainment centers. Together with partners Philip E. Aarons and Philip H. Lovett, Jeffries developed Lincoln Square, a four-building development adjacent to Lincoln Center, as the prototype of this concept.

  In 1997, Mr. Jeffries set his sights on key gateway cities across the United States, focusing on developing luxury condominiums, five-star hotels, a sports club facility and retail as part of landmark mixed-use developments. Recognizing the value and services that a leading hotel brand can bring to condominium development, he chose two of the world's most prestigious hotel operators, The Ritz-Carlton Hotel Company LLC and Four Seasons Hotels & Resorts, to be his partners in introducing the next generation of Millennium properties.

  With these projects, Jeffries created a new investment vehicle to provide equity capital. The resulting financial structure included a consortium of German financial institutions including ERGO, Provinzial Wuerttembergische, AXA Colonia Immobilien AG, Energie Baden Wuerttemberg AG, as well as Goldman Sachs' Whitehall Fund and George Soros and his Quantum Realty Fund Limited.

  Mr. Jeffries gained most of his New York real estate experience as a partner with Aarons at General Atlantic Realty Corporation, founded in 1984 to pursue residential development opportunities in emerging neighborhoods.

  Prior to that, Mr. Jeffries was a principal in the leveraged buyout of Key International, Inc., a major metal recycling and automotive equipment manufacturing business in the Midwest. He was previously a partner in the Southfield, Michigan law firm of Keywell & Rosenfeld.

  Mr. Jeffries is a graduate of Columbia College and the University of Michigan Law School.

• Philip E. Aarons

  In 1991, Philip Aarons formed Millennium Partners with Christopher Jeffries to develop the $275 million first-phase of the major West Side development that would become Lincoln Square. The company has completed major mixed-use developments in New York, Boston, Washington DC, San Francisco and Miami at a cost in excess of $4 billion.

  Mr. Aarons began his career as an associate at a major New York City law firm where he concentrated in real estate transactions and finance. In early 1978, he joined the Administration of Edward I. Koch as Assistant to the Mayor.

  In mid 1979, Mr. Aarons was named President of the NYC Public Development Corporation, a position he held through 1983. Under his leadership, the company grew to become the City's lead development agency, overseeing projects including the South Street Seaport, the Marriott Marquis Hotel, the Joyce Theatre, and the Carnegie Hall Restoration.

  In late 1983, Mr. Aarons moved from public service and became President of General Atlantic Realty Corporation, the real estate subsidiary of General Atlantic, a privately held investment firm. In partnership with Christopher M. Jeffries, Mr. Aarons was a pioneer in the construction of low-income housing, financed through its linkage to luxury housing, building over 1,000 units of affordable housing throughout the City.

  Today, Mr. Aarons is active on the numerous boards. He graduated from Columbia College in 1973, where he majored in art history and the Columbia University School of Law in 1976 where he was an Editor of the Law Review.

• Philip H. Lovett

  Philip H. Lovett is a principal of Millennium Partners. Mr. Lovett is the partner responsible for directing and managing the day-to-day operations and development activities.

  Lovett formed Millennium Partners with Christopher M. Jeffries and Philip E. Aarons in 1991, to undertake the development of the Lincoln Square project.

  Lovett is a graduate of the Harvard Graduate School of Business Administration. He also holds a degree in economics from Harvard College, from which he graduated magna cum laude.

• Steven L. Hoffman

  Steven L. Hoffman joined Millennium Partners in 1994 to assist in the development of mixed-use, urban entertainment and living centers in major U.S. markets.

  Mr. Hoffman's primary role with Millennium Partners is to analyze potential site acquisitions, negotiate leases and joint venture agreements with Millennium Partners' equity investors and corporate tenants and arrange financing for the company's developments.

  Mr. Hoffman gained most of his real estate experience as owner and president of his own real estate consulting firm, which provided financial and tax consulting services to developers.

  Prior to that, Mr. Hoffman was a senior manager in charge of Price Waterhouse's New York real estate tax practice.

  Mr. Hoffman is a graduate of the State University of New York at Albany and is a Certified Public Accountant.

• Mario J. Palumbo Jr.

  Mr. Palumbo is the managing partner responsible for directing and managing the day-to-day operations of Millennium Partners. In addition, he oversees Millennium Partner's largest investment vehicle- the Completed Asset Fund, with over $2.75 Billion in assets. The portfolio contains Millennium's office, retail, theater, extended-stay and parking assets throughout the country.

  Mr. Palumbo joined Millennium Partners in 1997. He initially oversaw the development of Millennium's mixed-use Ritz-Carlton developments in Washington, DC, Georgetown and Battery Park City in lower Manhattan.

  Mr. Palumbo received his JD from the Stanford Law School and his MBA from the Stanford Graduate School of Business. He holds an undergraduate degree in economics from Princeton University, from which he graduated summa cum laude. He attended Phillips Exeter Academy for high school. Mr. Palumbo is chair of the board of The Friends of the High Line and a member of the Board of Governors of the Real Estate Board of New York Board.

• Richard G. Baumert

  As managing partner, Richard G. Baumert is active in all aspects of residential development, with primary responsibility for development, design, programming, marketing, sales and operations in Boston.

  Mr. Baumert joined the Millennium team in 2001. As Project and Asset Manager, he led the hotel development efforts and spearheaded the return of the Ritz-Carlton to New York City. Following that launch he extended his hotel work to Washington, DC, Boston, and Miami, where he oversaw all development efforts including the sales and marketing for Four Seasons Residences Miami.

  Since then, he has led the marketing, sales and operations efforts for many successful mixed-use residential projects, including Millennium Place, the fastest selling urban luxury property in modern Boston history, Millennium Tower Boston the largest sellout in the history of the city, and the upcoming Winthrop Center, a public/private partnership that will lay the groundwork for a transformed Boston.

  Prior to joining Millennium Partners, Mr. Baumert honed his hospitality skills as general manager of a historic hotel and conference center. He holds a Bachelor of Arts degree from Buffalo State College and a Master of Arts degree from The Ohio State University.