In the Press:
October 8, 2008 - Bloomberg by Jonathan Keehner and Bob Ivry
Subprime Devastation Retraces Path of S&L Crisis in U.S. States
The $700 billion bailout of Wall Street's subprime-tainted securities harkens back to the real- estate bets that sparked the savings and loan crisis in the 1980s. The geography's the same, too. (Read more)
September 19, 2008 - Bloomberg by Bob Ivry
Schwarzman Raises Investing Hurdle, Buffett Uses Cash Money wants local knowledge...Distressed assets expected to flood the market dwarf what was available to investors following the collapse of the U.S. savings and loan industry in the early 1990s, said Paul E. Johnson, president of Southwest Next Capital Management, a real estate fund in Phoenix. (Read more)
August 15, 2008 - Phoenix Business Journal by Jan Buchholz
Former mayor, Paul Johnson, driving $500M real estate equity fund
Former Phoenix Mayor Paul Johnson is putting together a $500 million real estate equity asset management. (Read more)
Friday, August 17, 2007- Phoenix Business Journal- Editorial
How Phoenix grows will play vital role in region's international image, success
City planners and developers are in the driver's seat when it comes to our future. Smart, thoughtful projects that maximize space, are aesthetically pleasing and contribute to a common theme can help transform the Valley's image as a sprawling mishmash of stuccoed homes, outdated office buildings and generic strip malls. Two shining examples of developers doing it right are former Phoenix Mayor Paul Johnson and Chicago-based developer Mesirow Financial Real Estate. (Read more)
Press Releases:
Monday, July 1, 2008 - New York, NY
Carlton Hired to Arrange $500 Million of Joint Venture Equity for Ex-Mayor of Phoenix
Carlton Advisory Services’ Chairman Howard L. Michaels announced that Carlton has been retained on an exclusive basis by Southwest Next Capital Management, a highly successful owner, developer, and investor in distressed real estate properties, to arrange $500,000,000, with an initial raise of $150,000,000 to $200,000,000, of institutional joint venture equity. James Gosse, Brendan Sullivan, and Daniel Drew are handling the assignment for Carlton. (Read more)
June 18, 2008 - Phoenix, Arizona
Former Mayor of Phoenix Launches $500mm Real Estate Opportunity Fund
A former mayor of Phoenix has formed a company that will set up a fund targeting distressed real eastate opportunities in the Southwest. The Phoenix-based firm, Southwest Next Capital Manangement, LLC is interviewing placement agents that would help raise $500 million of equity from institutional investors, funds of funds and other high-yield investors. (Read more)
