Jeffrey M. Granowitz, a former principal at The Praedium Group, has announced the formation of Artisan Realty Capital, a boutique real estate investment firm based in New York.Artisan will focus on value-added investments that offer attractive pricing due to distress, repositioning, or special situations, he said. "Artisan is targeting mezzanine and equity capital products for middle-market transactions in major East Coast and Midwest markets," said Mr. Granowitz. "We will use strategic alliances to originate less widely marketed transactions and will offer flexible investment structures based on risk and complexity." Mr. Granowitz formed Artisan along with David J. Domm, who worked with him at Praedium. Mr. Granowitz spent 10 years at Credit Suisse First Boston and The Praedium Group, including five years as a principal.

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