THOUGHTFUL DEVELOPMENT. QUALITY RESULTS.
Focus
Genesis Companies is a full-service development + construction firm
enhancing urban communities located in New York and New Jersey.
Strategy
Genesis creates meaningful living environments that elevate
communities and optimize financial value through creative
partnerships, sustainable building principles and a disciplined and
sensible approach.
• Sustainable
• Superior Locations (strong
underlying metrics: access
to transportation,
institutions, services)
Meaningful
living
environments
• Aggressive Value Creation
• Focus on Risk Adjusted Returns
• Increasing Cash Flow and Value
over Long term
Flexible
• Accountable (integrity, responsible, reliable)
• Creative Approaches (deal structure, community needs, partnership)
• Engages with Stakeholders (listening, focus)
Genesis Approach
 “Boutique” approach focuses on the needs and desires of local
stakeholders
 Partnerships with local governmental agencies, churches and/or nonprofits characterize many of Genesis’ projects
 Minority-owned urban redeveloper, experienced in neighborhoods
needing a force for transition
 Community-focus ensures the final development responds to the local
environment
 Delivery of a high-quality built product to ensure sustainability,
neighborhood pride and value creation
 Engage the finest, most experienced professionals, sensitive and
respectful to the community, its residents, and its prospective residents
Lenders + Partners
Genesis Companies understands that longevity in the urban real estate market is based
on productive and sustained relationships with financial institutions, government agencies
and community organizations. We take these relationships very seriously and we know
that we don’t succeed unless all of our lenders and partners succeed.
Lenders
•Bayonne Community Bank
•BNY Mellon
•Citibank N.A.
•Federal Home Loan Bank
•JP Morgan Chase Bank
•Local Initiatives Support Corporation
•Low Income Investment Fund
•National Equity Fund
•PNC Bank
Government Agencies
•Jersey City Division of Community Development
•Jersey City Redevelopment Agency
•New York City Department of Housing
Preservation and Development
•New York City Housing Development Corporation
•Newark Department of Economic & Housing Development
•New Jersey Housing & Mortgage Finance Agency
•New Jersey Redevelopment Authority
•Somerset County, NJ
•Township of Franklin, NJ
Development/Operating Partners
•C&C Affordable Management
•Central Jersey Community Development
Corporation
•Conifer Realty
•East Orange Housing Authority
•Forsyth Street Advisors
•Full Spectrum of New York
•Interstate Management
•L&M Development Partners
•Metro Companies
•Peebles Corporation
•Petra Capital Management
•Rockland Housing Action Coalition
•Winn WB
Investor Partners
•BNY Mellon
•National Equity Fund
•Ocean Atlantic Companies
•Petra Capital Management
•PNC
•Redstone Equity Partners
Lenders + Partners (cont’d)
Genesis Companies understands that longevity in the urban real estate market is based
on productive and sustained relationships with financial institutions, government agencies
and community organizations. We take these relationships very seriously and we know
that we don’t succeed unless all of our lenders and partners succeed.
Community/Non-Profit Partners
•Abyssinian Development Corporation
•C-Line Community Outreach
•Central Jersey Community Development Center
•First Baptist Church of Lincoln Gardens
•First Corinthian Baptist Church
•Greater Newark Housing Partnership
•Habitat For Humanity – NYC
•Harlem Congregations for Community Improvement
•Housing Partnership
•Malcolm Shabazz Development Corporation
•Metropolitan Baptist Church
•Urban Pathways
Value-Added Retail Tenants
•“Dream Center” Community
Empowerment Center (Harlem)
•Family Collective Day Care Center,
Inc. (Jersey City)
•The Park 112 (Harlem)
•Somerset County Board of Social
Services (Somerset)
Context
Webb Apartments
Genesis’ founding project, Webb Apartments, received the New Jersey Redevelopment Authority’s
“Urban Redevelopment Award” and the Jersey City Redevelopment Agency’s “Green Award”
Webb Apartments (cont’d)
203-205 W. 119th Street, Harlem, NY
2080 Frederick Douglass Blvd, Harlem, NY
311 W. 141st Street, Harlem, NY
Interiors
Deforest B. Soaries, Jr. Residences at Somerset-A Senior Community
Deforest B. Soaries, Jr. Residences at Somerset-A Senior Community
Select News Articles
“Many join forces in effort to help veterans
find homes in New Jersey.”
-NJ Spotlight, March 11, 2014
“$15M, 64-unit housing opens in Somerset:
Affordable housing for seniors and
veterans meets the needs of fixed
incomes."
-NJBIZ, January 28, 2014
“40 “green” affordable units – the ribbons cut”
-The Jersey Journal, March 1, 2009
“Genesis Companies completes the first
affordable housing project in Jersey City to
earn LEED certification”
-Green Buildings NYC, February 24, 2009
Commercial / Mixed-Use Profile
 Core competency of employing the built environment to create value-added
residential and commercial services
 Commercial/mixed-use achievements products in New York, Northern, and
Central New Jersey
 Day Care Center
 Community Empowerment Center
 County Social Services Office
 Housing Authority Office
 Minority-owned Restaurant/Wine Bar
 Experienced in attracting and supporting commercial interests to residential
buildings as an integral part of the building program, not as an afterthought
 Leveraging local and state relationships to achieve the most appropriate
commercial uses
 Mixed-use product expands the ability of Genesis to provide, not just temporary
jobs for local residents, but also permanent retail/ commercial employment
Value-Added Retail: The Park 112
Value-Added Retail: The Dream Center
Awards and News
 2015: Karim Hutson awarded the Alice Wragg Kornegay Democratic Club
“Community Champion”
 2014: Corporate Partner Award from Central Jersey Community Development
Corporation
 2011: Brian Benjamin awarded “Man of Vision Award” at the 2011 National
Action Network Spring Gala
 2009: NJ Biz Green Leadership Award (finalist)
 2008: Karim Hutson awarded “Top Young Developer” by Real Estate New
Jersey
 2008: Jersey City Green Award from Jersey City Redevelopment Agency
 2007: Urban Redevelopment Award from New Jersey Redevelopment
Authority
 2004: Genesis Companies Founded
Key Bios
Karim Hutson, Founder & Managing Member
 Karim founded Genesis in 2004 and under his stewardship Genesis Companies has grown
rapidly and developed a reputation for building high quality projects that enhance urban
centers while remaining accessible to the residents of these communities.
 This commitment to responsible and environmentally-conscious development has allowed
Genesis to grow as an effective and reliable community friendly for-profit real estate
development firm.
 Karim’s dedication to community development extends to his personal life as well. A
resident of Harlem, he is actively involved in a multitude of community and charitable
organizations. Karim is the Treasurer of the Trustee Board of First Corinthian Baptist
Church, and a Member of the Executive Committee of the New York State Association for
Affordable Housing. He formerly served as Vice-Chairman of the Board of Directors of
Habitat for Humanity-NYC, Vice-Chairman of the Board of 651 Arts and a Member of the
Board of the New Jersey School Development Authority.
 Karim holds a B.A. in Economics and Philosophy from Amherst College, an M.B.A. from
Harvard Business School and a M.T.S. from Harvard Divinity School. Prior to founding
Genesis, Hutson was a Vice President at Full Spectrum of NY, Investment Banker with
Merrill Lynch and Goldman Sachs in New York City and a Private Equity Investor with
General Atlantic in Greenwich, Connecticut.
 Karim is married to Luz Elenia Gandulla-Hutson and has a daughter, Eliana.
Key Bios
Andy Stone, Executive Committee
 Andrew D. Stone is the Managing Partner and Chairman of Petra Capital Management.
Prior to founding Petra, Mr. Stone was a Managing Director and head of the Principal
Transactions Group ("PTG") at Credit Suisse First Boston where he was responsible for
the firm's worldwide real estate effort, including debt origination, equity investments and
securitization.
 Prior to CSFB, Mr. Stone was Senior Managing Director in charge of the Mortgage,
Asset-Backed and Real Estate Securities Group at Daiwa Securities America. Mr. Stone
founded the department and was responsible for managing the origination, trading,
structuring and sales of all mortgage and asset-backed securities. The department
became an industry leader and major market force in the securitization of unique complex
and unusual assets. Mr. Stone's visionary approach not only further developed the
securitization industry, but also carved out a successful niche for Daiwa. Prior to Daiwa,
Mr. Stone was Managing Director and head of the Mortgage and Asset-Backed Group at
Prudential Bache. Mr. Stone began his career at Salomon Brothers in the MortgageBacked Securities Department where he helped pioneer the creation of many new
mortgage products and was one of several key employees instrumental in establishing
Salomon as the pre-eminent force in the MBS markets. Mr. Stone received his B.S. from
the Wharton School of the University of Pennsylvania with dual majors in finance and
entrepreneurial management and his M.B.A. from the University of Chicago with a double
concentration in finance and marketing.
Key Bios
Brian Benjamin, Managing Director, Business Development
 Brian is primarily responsible for business development as well as government relations
work for Genesis Companies. Brian attended Brown University, where he majored in
Public Policy, and he graduated from Harvard Business School.
 Brian is responsible for sourcing, cultivating as well as facilitating affordable housing
development opportunities for Genesis. He helps to manage deals from the conceptual
phase through construction closing. He also manages the company’s interaction with
political officials, community leaders as well as handling public relations.
 Before joining Genesis, Brian was an investment banker at Morgan Stanley. He focused
on mergers and acquisitions, equity and debt offerings for the General Industrials
Corporate Finance group.
 Brian has extensive political and community experience. He is presently the 2nd Vice
Chair of Community Board 10 in Central Harlem and he is the Chair of the Land Use
Committee. He most recently was Finance Chair for Councilwoman Inez Dickens’ reelection campaign. He is a regular guest Democratic Strategist on the Fox News Channel.
He recently served as an 2012 Obama Delegate to the Democratic National Convention
and he is on President Obama’s National Finance Council.
Key Bios
Nicole Forrest, Managing Director, Acquisitions
 Nicole brings expertise in multifamily housing and complex deal structuring. She leads
market-rate acquisitions in addition to managing internal operational initiatives in
technology, project management, and brand identity. Prior to Genesis, Nicole worked
with Clark Realty Capital developing luxury, mixed-income, and military housing. She cofounded Inter-Mac, an international housing finance company, which has created 2,500
new homes in Tegulcigalpa, Honduras.
 Nicole has worked in private equity with Alcion Ventures as well as real estate technology.
She has held responsibility for projects ranging in size from 20 to 2000 units and valued
between $30 million and $300 million in cities throughout the U.S. She has served on the
Town of Brookline, MA Planning Board.
 Nicole graduated from Princeton University and Harvard Business School. She is the
wife of Dr. Kevin Forrest and mother to three vivacious children, Katharine, William, and
Justine.
Key Bios
Nicole Lockett, Managing Director, Development
 Prior to joining Genesis, Nicole was a Senior Developer with Pennrose Properties, LLC,
ranked near the top of the list of the nation’s developers of affordable housing, with a
portfolio of properties spanning the Mid-Atlantic. Over the course of her career, she has
structured development deals totaling well over $300 million. Additionally, Ms. Lockett
successfully submitted funding applications with Public Housing Authorities, resulting in
approximately $48 million in HOPE VI awards and an additional $160 million in leveraged
funds for the associated developments.
 A specialist in financing complex affordable housing transactions, Nicole has executed
projects involving Year 15 resyndication, conventional debt, taxable and tax-exempt bonds,
4% and 9% LIHTCs, HOPE VI and other Public Housing Capital funds, HOME, CDBG,
Housing Trust Funds and a variety of other public and private funding sources.
 Nicole also previously served as a senior development manager of the Philadelphia
Housing Authority, where she shared responsibility for development projects for the nation’s
4th largest Public Housing Authority. Before that, she provided training and technical
assistance in affordable housing to non-profits, banks, and units of local government in 19
states and Puerto Rico as a consultant with Community Development Services.
 Nicole earned a Bachelor of Arts in Political Science from Rice University and a Master of
Science of Real Estate Development from Columbia University.
 Nicole serves on the steering committee of the New Jersey chapter of Women in Housing
and Finance.
Key Bios
Kevin J. Levine
 Kevin is an Associate with Petra Capital Management, a New-York based Hedge Fund
that has managed over $4.0 billion of real estate related assets.
 Kevin is involved with the commercial real estate investment activities including sourcing,
pricing, originating and closing of all types of real estate debt and equity across all asset
classes in both the United States and internationally.
 He has managed and currently manages numerous securitizations consisting of over
$2.5 billion of real estate related assets. In addition, Kevin is involved with the
negotiation of workouts, restructurings, forbearances and foreclosures of numerous debt
positions and is instrumental in the asset management of a number of major real estate
assets owned by Petra.
 Kevin has been involved in real estate for most of his life, assisting in the management
and development of hospitality and multifamily properties while growing up in Miami, FL.
 He graduated with honors from Georgetown University’s McDonough School of Business
in 2006.
Key Bios
Stuart D. Poppel, Legal
 Stu concentrates his practice on the development of affordable rental and for-sale
housing, mixed-income and mixed-use developments and urban redevelopment. Stu
represents for-profit and non-profit developers in the creation of affordable and senior
housing projects involving federal low income housing tax credits and historic
rehabilitation tax credits.
 Stu has over 16 years of experience in the affordable housing industry. He has
negotiated the buyout/exit of tax credit investors from many LIHTC partnerships during
that time and has represented developers on numerous Year 15 re-financings and Year
15 tax credit syndications using both 9% and 4% credits.
 In addition, Stu has represented developers and housing authorities in many HOPE VI,
Mixed Finance, Public Housing and HAP transactions. He is a frequent speaker and
author on affordable housing, real estate development, Low Income Housing Tax Credits,
Year 15 re-syndications, and urban redevelopment issues.
 Stu earned his B.A. from Johns Hopkins University with a major in Political Science and
his J.D. from Emory University School of Law.
Key Bios
Peter Murray, Property Management
 Peter Murray has over 24 years of experience in the affordable housing industry.
Throughout his successful career he has developed more than 1,800 affordable housing
units and managed in excess of 6,300 units.
 From 1989 through 2010 Mr. Murray was a principal of Loewen Development in charge of
new development. In 2010, Mr. Murray joined the property management company of C&C
Affordable Management, LLC where he helped grow the company from managing 2,500
units to over 6,300 units. Additionally, he was directly responsible for all aspects of the
management of 900 affordable housing units.
 During his career he has worked closely with the representatives of HCR (Formally DHCR
and HFA), NYC HDC, NYC HPD, NYCHA, the NYC Housing Partnership as well as many
local governments. He has earned a reputation of professionalism, thoroughness and
integrity.
 Mr. Murray began his career and passion for community development as an Urban
Studies and Political major at Washington University in St. Louis. After graduating from
Washington University, he attended law school at the University of Miami.
Key Bios: Construction Management Team
Paul Carter
 Paul has been with Genesis Companies since its inception and currently serves as a
Project Manager. In this capacity, he manages the firm’s day-to-day construction project
planning and execution. He is also responsible for the firm’s green building and smart
design efforts.
 Prior to joining Genesis, Paul worked in the public and private sector in various roles
ranging from architect to owner’s representative. Additionally, he is member of the
American Institute of Architects (AIA) and a Certified Commercial Investment Member.
Paul earned his degree in Architecture from Pratt Institute where he also minored in
Construction Management.
Charles Schmitt
 Chuck has over 57 years of experience in the construction industry. Chuck reviews
construction documents for coordination and completion prior to construction and visits
the sites during construction to review the quality of construction and for conformance to
the construction documents and building code.
 Chuck has completed bachelor and master degrees in architecture and is a licensed
registered architect in New York, Pennsylvania, Massachusetts, Connecticut and North
Carolina. Chuck has previously worked at the firms of Pei, Cobb and Fried, Kohn
Peteresen and Fox and Fox and Fowl.
594 Broadway
Suite 1107
New York, NY 10012
T. 212.433.1336
F. 646.219.4188
www.genesiscompanies.com