Skip to main content

Press Release: RCLCO and Merrie Frankel Announce the Formation of Minerva Realty Consultants, LLC

February 6, 2017 Hires & Promotions

Combining Strengths to Provide Rating Advisory Services and IPO Strategy for Real Estate Firms

WASHINGTON, DC — FEBRUARY 7, 2017 — RCLCO ( announces the formation of Minerva Realty Consultants, LLC (“Minerva”), a RCLCO affiliated consulting company with expertise in REITs and credit rating strategy.

Minerva is unique in providing independent credit rating and capital structure analysis for clients contemplating accessing the public markets. Minerva’s disciplined process will enable private companies to explore IPOs by mapping out the optimal approach to going public and guide listed and non-listed real estate firms through the rating process.

Based in New York City, Minerva combines the global resources and real estate expertise of real estate advisory firm RCLCO, with the skills and experience of Merrie Frankel, President, a seasoned real estate capital markets, REIT, tax, and legal executive.

Prior to forming Minerva, Ms. Frankel served as Vice President/Senior Credit Officer in the Commercial Real Estate Finance group at Moody’s Investors Service, where for 18 years she was responsible for a ratings portfolio of large REITs and real estate operating companies (REOCs). Prior to joining Moody’s, Ms. Frankel was a Senior Vice President and Director of Portfolio Management for the Argo Funds, a real estate opportunity fund with $1.5 billion in assets, responsible for portfolio management, financing, investor relations, and dispositions for investments in properties, operating companies, and CMBS. She previously held various positions in the commercial real estate industry, including at Ernst & Young, Cushman & Wakefield, J.P. Morgan Securities, and Salomon Brothers. She is a member of Agree Realty Corporation’s (ADC) board and audit committee.

“Through this affiliation, RCLCO aims to more completely serve our clients, providing them with a single source for strategic advice. With Merrie’s knowledge of the capital markets, RCLCO’s strategy planning expertise is now uniquely equipped to help real estate companies contemplate going public and rating strategies,” states Gadi Kaufmann, RCLCO Managing Director/CEO. “The creation of Minerva aids us in furthering our mission – helping our clients make strategic, effective, and enduring decisions about real estate.”

“I could not be more excited to initiate the launch of Minerva Realty Consultants, LLC,” says Merrie Frankel, President of Minerva. “When these quality services are combined with RCLCO’s reputation for excellence in strategic real estate intelligence, you have a partnership that cannot be matched in the industry.”

For inquiries regarding Minerva Realty Consultants, LLC, Merrie Frankel can be reached directly at or (646) 868-6232.


Since 1967, RCLCO (formerly Robert Charles Lesser & Co.) has been the “”first call”” for real estate developers, investors, public institutions and non-real estate companies seeking strategic and tactical advice regarding property investment, planning, and development. RCLCO leverages quantitative analytics platforms and a strategic planning framework to provide end-to-end business planning and implementation solutions at an entity, portfolio, or project level. With the insights and experience gained over 50 years and thousands of projects—touching over $5B of real estate activity each year—RCLCO brings success to all product types across the United States and around the world. RCLCO is headquartered in Washington, DC, and has offices in Los Angeles, Orlando, and Austin.


Media Contact:

Diana Black
Marketing Manager
P: 310-670-4288


Speak to One of Our Real Estate Advisors Today

We take a strategic, data-driven approach to solving your real estate problems.

Contact Us

Sign Up For Our Newsletter