New York, N.Y. — Oskar Brecher, 58, has joined AFC Realty Capital to serve as President of its recently-formed Development Group.

     A 30-year veteran of the real estate industry, Mr. Brecher will be responsible for expanding the Manhattan-based firm’s involvement as principal with real estate developments by aggressively pursuing prominent residential opportunities throughout the country, according to Arthur Fefferman, President of AFC Realty Capital.  

     “Oskar has been actively involved with high-profile residential projects in North America since the mid-1970s,” Mr. Fefferman points out.   “In addition to his extensive knowledge and expertise in development, Oskar has established strong relationships with senior-level real estate professionals that will no doubt be instrumental in growing our Development Group by identifying and obtaining positive transactions.”

     The Development Group -- Replica Rolex Daytona Watches which will primarily focus on residential projects in urban areas -- has already begun two transactions.  The projects -- located at 2056 5th Avenue in Harlem, N.Y. and 1234 Locust Street in Philadelphia -– both entail the conversion of existing buildings into multi-family housing.

     “We will actively seek projects in which we can invest our own capital or team with financial partners to purchase and develop desirable residential sites,” Mr. Brecher says.  “Our goal is to introduce communities that will provide volume to the existing new-home marketplace -- particularly in urban epicenters where quality housing is needed most.” 

     Prior to joining AFC, Rolex Lady-Datejust Replica Mr. Brecher was President and Owner of American Landmark Development Inc., a high-profile real estate development firm involved with residential projects in Toronto, Edgewater, N.J. and other Eastern United States markets.

     He has also served as Managing Director of American Landmark Management, a full-service management firm in New York City and has performed as Senior Vice President and General Manager of The Cadillac Fairview Corporation Limited’s High-Rise Development Division.

     Mr. Brecher also serves on the Board of Directors for the NASDAQ listed FiberNet Telecom Group, Inc., operator of one of the largest metropolitan fiber networks in the country and is Chairman of the Board of Temple Israel in New York City.