AboutManagement

FLEET FINANCIAL GROUP, INC. (FFG) is a development &asset management company that has grown into a leading developer of new housing for all market segments in the New York metropolitan area which exclusively managing the real estate assets and developments. With a focus on urban development, the company is well-versed in dealing with the challenges of a competitive business and regulatory environment. FFG provides complete development, asset and portfolio management services including land acquisition, commercial & residential development, marketing research, value-added strategies, financing, property management and leasing, and other related capabilities. Since its inception, the FFG has built a solid reputation as developer of high quality, environmental friendly “Green” projects.

Richard Xia, President

Mr. Xia is a New York City real estate developer and President of Fleet Financial Group, a development and asset management firm exclusively managing real estate assets and developments. He has been active for ten years in land acquisition, commercial and residential development, marketing research, value-added strategies, financing, property management and leasing, and other related activities.His company specializes in “green” projects, and its recently completed “Shangri-La Towers,” an environmentally friendly mixed-use condominium development in Flushing Queens, was honored for “Best New Construction: Contextual Design” by the Queens Chamber of Commerce 97th Building Awards in December 2009. This development not only achieved Green Building standards but is already fully occupied despite the difficult economic conditions of 2009. Mr. Xia earned a BE in Architectural and Civil Engineering and MA and Ph.D candidate in Economics.

Julia Yue, Chief Financial Officer

Ms. Yue comes to FNYMRC with a strong background in the Public Accounting field. With over twenty years of experience in the real estate business, she presently oversees all of the financial functions within the organization, including the utilization of the Skyline and Argus financial analysis systems.Ms. Yue also brings to FNYMRC her extensive real estate investment experience, which includes developing and monitoring both capital and operating budgets and overseeing major real estate financing, acquisitions, and developments.