Stuart J. Boesky, former chief executive officer of New York-based CharterMac, has announced the formation -- in conjunction with Mariner Investment Group -- of Pembrook Capital Management, a real estate investment management company.The company's initial focus will be to provide capital to developers and owners of real estate nationally through the acquisition or origination of structured real estate debt (including commercial mortgage-backed securities) and preferred equity, Mr. Boesky said. The company said it also expects to provide "unique" capital solutions to owners and developers of underserved property sectors (such as affordable housing) and underserved geographic locations. The company can be found online at http://www.pembrookgroup.com.

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