Glenn Myles is a leader in the financial community, having built a 30 year track record in which he executed on nearly $24 Billion USD of transactions as an investor, principal, and advisor. Mr. Myles has engaged in significant transactions in the real estate and energy sector and with a variety of operating companies. Mr. Myles and his affiliates, partners and clients have included some of the most significant operating companies and investors globally.
During the eighties, FIRST WALL STREET was an active converter of rental residential housing in the NY market to condominium and cooperative status. We sourced in house, went to contract, did the requisite legal entitlements, created the offering documents, made changes to lobbies, bathrooms and kitchens, worked out the insider vs. outsider pricing , etc. During those years, FIRST WALL was successful in the conversion of over 5,000 units of housing. Such properties included the Ansonia Hotel, Harkness Plaza, the Dover Hotel, 440 east 62nd Street, Jean Lafitte Apartments (Queens), Greystone Avenue Projects (Bronx).
During the past 7 years, First Wall Street has become increasingly active in China. Most recently Glenn has led the US based investment activities of the Zhong Rong Group, the largest private commercial real estate development company in Shanghai; through their US affiliate, the American Capital Energy Corporation. Through American Capital, Mr. Myles was responsible for setting up and managing the three private equity funds; American Capital Natural Resources, American Capital Energy, and American Capital Real Estate. Through American Capital, Glenn created the merger of American Capital Energy and Oaktree Capital together in their Crimson Energy Company of $150 million.
First Wall Street has been active in representing significant companies from China. Such investments included representing, and creating with Beijing Capital and XIN Development, a $430 million real estate development transaction in Williamsburg, Brooklyn; representing Hainan Airlines in their $250 million restructuring of the debt on Murray Hill Properties; and the representation of EDF Man in creating their relationship with COFCO, China’s largest food company. First Wall Street was successful in becoming the first US-based company to sign a private equity accord with the municipality of Chongqing.
Mr. Myles, serving as Executive Vice President, oversaw capital holdings and investments of Marvin Davis, by leading activities at Davis Real Estate, Davis Petroleum, and Davis Entertainment. Holdings under the Davis Companies included such companies as 20th Century Fox Corporation, Aspen Ski Company, The Little Nell Hotel, the Pebble Beach and Spanish Bay Golf Courses, Fox Plaza in Century City, and the Marriott Hotel in Chicago.
First Wall Street Capital has overseen the acquisition and financing of over five thousand apartments and the conversion of thousands of units to cooperative and condominium ownership. Under Mr. Myles’ leadership, First Wall Street Capital, under an advisory role, raised $850 million for Paul Reichmann’s re-acquisition of Canary Wharf, London, the investors of which included the Tisch Family, Prince Waleed, and Cargill Financial. First Wall Street also raised $1 billion for Credit Foncier, and Mr. Myles advised Nomura Securities on their bid for FGH Bank and its bid to purchase the Suez Real Estate Portfolio in France.
Mr. Myles restructured the debt and equity of $236 million for the Hard Rock Hotel and Casino in Biloxi, Mississippi; raised €100 million of equity and assisted in the creation of Euro Capital based in Bulgaria with Baupost; and created the first publicly traded business development corporation devoted primarily for investing in “green” and sustainable businesses such as recycling and renewable energy companies. Mr. Myles has in the early part of his career, partnered with the founder of Forest Laboratories and created programs with Yale and Cornell Medical Schools in the commercialization and licensing of bio-technologies from each. Mr. Myles has personally invested in various businesses, including Times Square Stores, a $400 million sales department store chain in the metro New York area in which he became a partner of the Pritzker Family (Jay); the Ritz Carlton Hotel in San Juan, Puerto Rico; Royce Union Bicycles, Wilcox International; Finders Keepers, a women’s specialty store chain; mydna.com, a company that was eventually purchased by Steve Case and became the platform for Revolution Health.
Current initiatives under Glenn Myles’ leadership include the formation of a $500 million development fund and mortgage bank (First Wall Street Asia Cooperative) with investments originating from two $multi-billion India based enterprises . Additionally, First Wall Street recently purchased and structured a well known $150 million GSA portfolio, as well as set up $200 million of programmatic equity for the acquisition of multi-family projects. Finally, in conjunction with Prince Waleed and KBW Investments, Glenn Myles has established First Wall Street Middle East, a project requiring $100 million of investments.
Mr. Myles was a member of the Young Presidents Organization and a director of the Fairchild Corporation. Mr. Myles has a strong commitment to philanthropic activities, having served as a board member for the Grameen USA Foundation, Planet Finance, Project Hope, the Walt Frazier Youth Foundation, the March of Dimes, and the Prostate Cancer Foundation.