Taurus Investment Holdings, LLC
Taurus Investment Holdings, LLC is a global real estate investment adviser, owner-operator, and real estate developer of residential and commercial properties.
History
In 1976, Taurus was founded in Munich, Germany. In 1979, it initiated Business operations in the United States. Taurus focused on German capital until 2001, when it became a partner of US investors, expanding its access to capital in many parts of the world.
Taurus is an owner/operator whose 16 operating subsidiaries have more than 10 million square feet of real estate worldwide, with directly managed and joint venture commercial real estate in North and South America, Western Europe, and most recently, Istanbul. Since its inception, Taurus has purchased and sold over 20 million square feet of office, industrial, retail, residential and hotel assets.
Leadership
Peter A. Merrigan
Peter Merrigan is President and CEO of Taurus Investment Holdings, LLC. He oversees the daily operations of Taurus and its subsidiaries. Peter is the co-founder of Taurus along with Lorenz Reibling and Günther Reibling. His primary area of expertise lies in creating economically-viable projects that yield long term value for both investors and communities. Over the past 15 years, Peter has negotiated, structured, and closed complex real estate transactions worth more than $3 billion dollars and in seven countries. Prior to establishing Taurus New England Investments in 1997, Peter worked in a variety of entrepreneurial and institutional settings, including CB Commercial, John M. Corcoran & Company, and Berkeley Investments. He is a member of the Board of Directors of the National Association of Office and Industrial Parks, the Maribeth Merrigan Foundation, Irish Wolfhounds Rugby Football club, GOAL USA Advisory Committee, the Worcester Tornadoes Professional Baseball Team, and a former Chairman of the Alumni Association of the MIT Center for Real Estate in Cambridge, MA. Peter is a graduate of the College of the Holy Cross (BA) and the Massachusetts Institute of Technology (MS).
Günther Reibling
Günther Reibling is the Executive Vice President, Chief Operating Officer, and co-founder of Taurus Investment Holdings, LLC. Günther oversees the origination and development activities of new projects, including underwriting and acquisition. He also directs the ongoing overall management of current projects. Günther has managed real estate construction, development, and sales since 1971. Prior to joining Taurus Investment Holdings, LLC, he directed Derag's sales coordination of real estate collectively valued at $100 million that included parts of the Olympic Village. In 1976, Günther and partners formed TBG Taurus Bau GmbH, a Munich-based development company. He was also the former Special Advisor to the Secretary of Commerce of the State of Florida. In 1979 Günther was the first of the Taurus group to come to the United States to explore development opportunities.
Lorenz Reibling
Lorenz Reibling is the Chairman, Senior partner, and co-founder of Taurus Investment Holdings, LLC. Lorenz is focused on the development and nourishment of international relationships with investors and product sources predominantly in Taurus’ non-US related business. He is a frequent speaker at real estate conferences, and an advisor to the MIT Center of Real Estate. As Chairman of Taurus Investment Holdings, LLC, Lorenz also acts as a spokesperson for the firm. Lorenz has been involved in hundreds of commercial real estate transactions over the past 31 years. Prior to joining Taurus he worked at Hoeschst (Cassella Riedl), the American Hospital Supply Corporation, and CPI Cardiac Pacemakers. Lorenz attended München-Kolleg, Technische Universität, Ludwig Maximilian University of Munich and has a MS from Boston College. He is a member of Angel Healthcare Investor Group(AHI), The Massachusetts Historical Society, the Board of Trustees of the Kunstakademie Munich, and a co-sponsor of research and exhibition project associations for “The Art of the Book: A Journey Through a Thousand Years” and “Confront: Resistance against [...] Terror”. Lorenz speaks German, English, Spanish, and Italian.
Offices
Boston (Headquarters), Atlanta, Chicago, Dallas/Fort Worth, Deerfield Beach, Jacksonville , New York, Orlando, Munich, Prague, Toronto, Istanbul, Buenos Aires, Lima
Assets
The following are examples of some of Taurus’ properties:
Quechee Lakes
Quechee Lakes is a nationally recognized private community situated on 5,200 acres near Woodstock, Vermont. It has two award-winning golf courses, 11 tennis courts, a 40,000 square foot clubhouse, a restaurant, a private ski and snowboard area, a fitness center, outdoor and indoor lap pools, and a lake. Taurus acquired a portion of the remaining development rights in 2005. These development rights include the future development of approximately 750 new homes, townhomes amenities, and related amenities.
The Standish
Formerly The Standish Arms Hotel, this investment represented an opportunity to acquire scarce premium apartment rental product in Brooklyn Heights. 169 Columbia Heights is the only high-rise apartment building with an elevator on this historic neighborhood's most exclusive street - Columbia Heights. Taurus will seek to maximize the value of this real estate by renovating the property into rental apartments.
The Newbury Street Aggregation Program
The Newbury Street Aggregation Program is a venture between Taurus, Anglo Irish Bank, and Urban Meritage, to purchase properties in Boston's Back Bay area. Back Bay is one of the premier retail, housing, and office locations, not only in the United States, but worldwide. Often compared to Rodeo Drive, Newbury Street attracts tourists and city-goers to shop, work, and live. To date, Taurus has acquired 21 properties as part of the Program.
160 Federal Street
160 Federal Street is a Class B+/A- office building located in downtown Boston, Massachusetts. This "art deco" style structure contains 24 floors consisting of approximately 351,000 square feet of office and ground floor retail space. Taurus acquired the majority interest in the office condominiums in 2001. Major tenants at the property include: Meredith & Grew, Rackemann, Sawyer & Brewster, The Boston Business Journal, First Republic Bank, MassDevelopment, and The Massachusetts Housing Partnership.
Central Florida Research Project: Challenger South
Challenger South is a multi-phase development comprising of four 75,000-square-foot, one- and two-story “flex-tech” buildings, located in the heart of the Central Florida Research Park(CFRP). The Challenger South complex is on the south side of Challenger Parkway, approximately one mile from the terminus of the East-West Expressway. This development complex was engineered to meet the high-tech user’s needs and compliment the goals of the CFRP.
Parque Austral
Taurus has entered into an agreement with the Universidad Austral (Buenos Aires, Argentina) to develop and operate the first university research park in the country. Taurus has been selected to be the developer and operator of the 67-acre park that is intended to become home to more than 70 top-level companies involved in research and development. The Park is located 40 minutes from the Buenos Aires central business district, and forms part of the Universidad Austral’s Pilar Campus, currently comprising of Latin America’s premier business school (according to Financial Times' business schools ranking), the IAE, and the newly-built and fully-operative University Hospital Austral.
Balgat Shopping Center
Balgat Shopping Center is a proposed development of a 78,000-square-meter grocery-anchored shopping center located in Ankara, Turkey. The developments will be situated on the Konya Highway, which is the major north/south thoroughfare leading from the center business/government district to the rapidly developing residential neighborhoods in the west. The center is intended to take advantage of the strong growth of an affluent population in that area of the city faced with a substantial undersupply of adequate retail space. The center will be anchored by Metro Group's Media Market and REAL grocery concepts, surrounded by smaller in-line retailers. The top terrace will include a 3000-square-meter Cultural Center for Ankara Municipality.