Belle Verhulst joined Eyzenberg & Company in 2019 as a Marketing Associate. Belle directs the firm’s omnichannel communications including social media optimization using data-driven insights, competitive analysis, and content creation in support of business development objectives. Additionally, she specializes in event coordination and PR functions such as media representation and collateral dissemination.
Prior to joining the firm, Belle acted as a founding member and CMO of TechTogether where she focused in brand strategy for the nonprofit. She has completed multiple internships within the technology sector and fashion industry, wherein she refined skills in communications management, creative content development, market research and analysis, and event planning.
In 2019, Ms. Verhulst earned an undergraduate degree from Boston University Questrom School of Business with a Bachelor of Science in Business Administration and a concentration in Marketing.
Ekaterina Brody joined Eyzenberg & Company in 2019 as Junior Analyst. Ms. Brody assists with underwriting, analysis and financing memoranda preparation for commercial real estate debt and equity capitalization assignments. Additionally, she assists senior team members with ongoing client management and capital placement efforts.
Prior to joining the firm, Ms. Brody was a Real Estate Sales Agent at Douglas Elliman in New York City. Promoted to one of the top-five sales teams she negotiated sales of residential properties amounting to over $70 million.
Ms. Brody completed her Bachelor of Business Administration degree at Berkeley College in New York City. She also earned a Master of Science degree in Real Estate at the Schack Institute of Real Estate at New York University.
David Boyd joined Eyzenberg & Company in 2019 as a managing director in its New York City headquarters. He originates, structures and places debt, equity and ground lease capital for commercial real estate transactions across the U.S.
Mr. Boyd has participated in approximately $20 billion of capital market & commercial real estate transactions. Property types have included Class A office towers, top-tier suburban office properties, premier shopping malls, power retail centers, luxury and boutique hotels and high-end apartment buildings. In addition, from 2001-2005 Mr. Boyd completed the underwriting and purchase of significant CMBS bond positions and direct equity investments for ORIX USA Corporation, a major multinational investment firm with $25 billion under management.
Mr. Boyd’s notable New York City investment transaction experience includes: The MetLife Building at 200 Park Avenue ($1.79B); 666 Fifth Avenue ($1.8B); Citigroup Global Trading Headquarters at 388-390 Greenwich Street ($1.6B); and Park Avenue Tower ($600M). Notable national transactions include: Renaissance Tower (Dallas, TX); Williams Tower (Houston, TX); Southeast Financial Center (Miami, FL); Miami Tower (Miami, FL); Chase Tower (Austin, TX) & Fox Plaza (Los Angeles, CA).
Mr. Boyd has held multiple senior executive positions at ORIX USA Corporation, Cushman & Wakefield’s New York Capital Markets Group, Jones Lang LaSalle’s Capital Markets Group, OBERON Properties, LLC, and U.S. Capital Realty Trust. In addition, Mr. Boyd sits on the board of directors for multiple national companies including the VMD Companies, U.S. Capital Realty Trust, Delecta Technologies, and GIXPO Corporation.
Mr. Boyd graduated with a Master of Science in Real Estate Development from Texas A&M University, and a Bachelor of Arts in History & Psychology from Southern Methodist University. Mr. Boyd is involved in multiple industry groups including ULI, ICSC, PERE, and Bloomberg LP Global Responsible Investing Forum.
Andrew Hunter joined Eyzenberg & Company in 2019 as a Business Development Associate. His primary focus is on identifying and interacting with potential clients seeking debt, equity, & structured capital solutions for their commercial real estate transactions.
Prior to joining Eyzenberg & Company, Andrew brokered the sales of multifamily properties outside of Philadelphia, primarily in New Jersey, for a national brokerage firm. While there, he parlayed relationship-building skills and creative thinking toward pursuing and developing successful client-oriented business relationships. Before brokerage, Andrew worked on Capitol Hill for a Leadership member of Congress in the U.S. House of Representatives in Washington, D.C., and, earlier, for the Federal Government in the U.S. Department of Transportation’s Office of Small Business Utilization, where he often communicated with, and produced work for, the Office of Secretary of Transportation and the White House.
Additionally, Andrew spent time working in microfinance institutions in Bangladesh and in intensive interaction with poor borrowers of the 2006 Nobel Prize winning Grameen Bank and BRAC (Bangladesh Rural Advancement Committee), and with the UN World Food Program in Bangladesh and India.
Andrew earned a Bachelor of Arts in Political Science from the University of the South (Sewanee).
DIRECTOR OF FINANCE
& HUMAN RESOURCES
Lilia Eyzenberg joined Eyzenberg & Company in 2016 as Director of Finance and Human Resources. Ms. Eyzenberg oversees all accounting, finance and human resource functions, and assists with strategic planning.
Prior to joining the firm, Ms. Eyzenberg was an accounting clerk at Metalmark Capital and a tax preparer at Integrated Financial Services. Earlier in her career, she was an accountant at Prodigious Capital Group and a bookkeeper at Hunter College.
Ms. Eyzenberg graduated with honors from Krasnoyarsk State University with a Bachelor of Arts in Strategic Management. Additionally, she graduated summa cum laude from Hunter College with a Bachelor of Science in Accounting.
Elena Vlasyuk joined Eyzenberg & Company by way of Mr. Eyzenberg’s former private equity vehicle, Anika Equities, in 2015 as an Analyst. Elena focuses on underwriting analysis, financing memoranda preparation and assists senior team members with ongoing client management and placement efforts for debt, equity & ground lease capitalization assignments.
Prior to joining Eyzenberg & Company as an Associate, Ms. Vlasyuk was an Investment Advisor with Keller Williams, where she specialized in Commercial and Residential Real Estate. During her tenure, she performed in-depth transaction and market analysis for acquisition opportunities, made strategic recommendations for dispositions of client assets, presented financing scenarios, and coordinated introductions with loan officers and brokers. In addition, Ms. Vlasuk served as an Account Manager for the Payday Loan Leads Affiliate Program at T3 Leads, and an Associate director of Development for the Children of War Foundation.
Ms. Vlasyuk earned a Masters Degree from New York Universities Schack real estate program and a Bachelor Degree in Science of Economics (with honors) from Siberian Federal University in Krasnoyarsk.
ASSISTANT TO THE PRESIDENT
Graceann Carroll joined Eyzenberg & Company in 2019 as the assistant to the President. She is responsible for providing executive, administrative, and liaison support to the President. Prior to Eyzenberg & Company, Graceann worked as an Information Specialist at a New York based non-for profit. Graceann earned a bachelor’s degree in Forensic Psychology at John Jay College of Criminal Justice.
Farah Dagher joined Eyzenberg & Company in 2018 as Junior Analyst. Ms. Dagher assists with underwriting, analysis and financing memoranda preparation for commercial real estate debt and equity capitalization assignments. Additionally, she assists senior team members with ongoing client management and capital placement efforts.
Prior to joining the firm, she was a marketing account executive with Chicago-based advertising agency Leo Burnett Worldwide, where she serviced clients primarily in the Middle East and North Africa.
Ms. Dagher is currently enrolled in the Master’s in real estate program at NYU Schack. Ms. Dagher has a Bachelor of Science degree in Business from the Institut Supérieur de Gestion in Paris.
Managing Director Gregg Delany originates, structures and places debt and equity for commercial real estate owners and investors across the U.S. He is a highly experienced industry veteran who has closed more than $26 billion in banking and institutional investment transactions.
Throughout his career as a lender and advisor, Delany has arranged fixed, floating, bridge and construction mortgages, and lines of credit—ranging from $3 million to $1.5 billion—for all commercial property types. On the equity front, he has closed $3 billion worth of placements, including capital raises for acquisitions, dispositions, new developments, joint ventures, commingled funds and separate accounts.
Prior to joining the firm, Delany was a managing director at Greenwich Group International. Previously, as a founding principal at Longitude Investment Advisors, he advised banks on sub- and non-performing mortgages totaling $3.8 billion, structured bank mergers and completed hundreds of bankruptcy recapitalizations. He also held senior positions at Five Mile Capital, Eurohypo, A.G., and State Street Asset Management.
Delany is an adjunct professor in the Master of Science program at NYU’s Schack Institute of Real Estate Development and Finance, teaching capital markets and financial investment analysis. He holds an MBA in Finance from Columbia Business School, a graduate certificate in RE Finance & Taxation from NYU Schack and a B.A. in History / Physics from Colgate University.
Nicholas Nguyen joined Eyzenberg & Company in 2017 as a Business Development Associate. His primary focus is to source clients seeking debt and equity solutions for their commercial real estate transactions.
With more than a decade of diverse experience, Mr. Nguyen has worked on assets across all property types totaling over $10 billion, and has been involved in fund and portfolio management, acquisitions, equity and debt financing, property development and operations.
Prior to joining the firm, Mr. Nguyen worked for the New York City Economic Development Corporation, Building and Land Technology, and GE Capital Real Estate.
Mr. Nguyen earned a Master’s degree in Real Estate Finance from Georgetown University, and a Bachelor of Science degree in Business (with a concentration in Real Estate and Urban Land Development) from Virginia Commonwealth University. He is a member of the Urban Land Institute.
Evan Dockser joined Eyzenberg & Company’s Washington DC office in 2019 as a managing director. He originates, structures and places debt, equity and ground lease capital for commercial real estate transactions across the U.S.
Dockser’s extensive client advisory experience as principal with Dresam Advisors and Hotel B Investors, involved development, acquisitions and management targeting hospitality and residential assets.
Prior, Dockser participated in the acquisition and management of several national real estate-related operating businesses. He served as president of Hospitality Investors Group, a hospitality and real estate development advisor assisting clients worldwide with projects ranging from urban boutique hotels to large-scale master planned development. As chief investment officer for Legends Golf & Sands Resort, an owner and operator of 9 signature golf courses and over 1,500 condominium and townhome rental units, he completed a $50M+ recapitalization. Furthermore, he oversaw the conceptual planning of a 1,500-acre, master-planned community on the Island of Eleuthera in the Bahamas.
In earlier executive positions, Dockser specialized in business development and capital raising with national and international firms, including Wall Street Realty Capital, and NYSE-listed companies Friedman, Billings, Ramsey and MeriStar Hotels & Resorts (now InterState Hotels & Resorts). He has been involved in raising over $800M+ from both public and private sources. Dockser’s hospitality experience includes time spent working for Hyatt Hotels and Hilton International.
Dockser began his career in his family’s business, CRI, Inc., which, in the early '90s, was the largest owner of multifamily housing in the country with over 100,000 units. At CRI, he spearheaded management and asset management for overseas clients in the hotel and golf course sectors.
Dockser has a Bachelor of Arts from Ohio Wesleyan University. Additionally, he is a licensed salesman in Virginia and the District of Columbia.
Elena Winters joined Eyzenberg & Company in 2017 as a Business Development Associate. Elena focuses on originating business opportunities for Eyzenberg & Company by identifying and interacting with potential clients seeking debt and equity solutions for their commercial real estate transactions.
Prior to joining Eyzenberg & Company, Elena spent most of her career working for a construction management and development company, where she has held various positions and learned its core business, originated real estate investment opportunities, and successfully secured several contracted services.
Elena earned a Bachelor of Science Degree in Business Administration with concentration in Finance, Summa Cum Laude, from Fordham University, Gabelli School of Business. Prior to coming to the United States, Elena studied electrical engineering at St. Petersburg State Polytechnic University.
Alex Anderson joined Eyzenberg & Company in 2017 as a Business Development Associate. Alex is primarily focused on identifying and interacting with potential clients seeking debt, equity, & structured capital solutions for their commercial real estate transactions.
Prior to joining Eyzenberg & Company, Alex worked as the Head of Sales for a boutique construction company in New Jersey. Before working in the real estate and construction industries, Alex interned as a Sales Analyst at Atlantic Records.
Alex studied Music Industry at Syracuse University and is currently pursuing a Bachelors Degree in Finance with a specialization in Real Estate at the University of Alabama-Birmingham.
Katherine joined Eyzenberg & Company in 2016 as Business Development Associate. Katherine focuses on identifying potential debt and equity real estate business opportunities while sustaining key client relationships and creating long term value for the firm.
In 2011, Katherine spearheaded a real estate expansion division for Mega Home Group where under her close leadership and guidance generated mutli-million dollar contracts and investments in Colombia and Panama. Katherine created investment strategies and market research detailing growth opportunities in specific regions of Colombia; Bogota, Medellin, and Cartagena.
Katherine is currently pursuing a master’s degree in Real Estate Finance and Investments at New York University (NYU). She currently serves as a student leader at the NYU Real Estate Student Association (REISA) which has given her the opportunity to organize events for graduate students and interact with influential people in the real estate industry. Katherine was a semifinalist in the Massachusetts Institute of Technology (MIT) Real Estate Case Competition 2016 while representing NYU. Katherine has been awarded with the Association of Real Estate Women Scholarship and WX, New York Women in Real Estate Scholarship. Katherine holds a Bachelor’s Degree from St. John’s University, where she graduated Magna Cum Laude. She is fluent in Spanish and a member of Urban Land Institute.
Mila Babenko joined Eyzenberg & Company in 2017 as an analyst. She assists with underwriting analysis and financing memoranda preparation, aiding senior team members with ongoing client management and placement efforts for debt and equity capitalization assignments.
Prior to joining the firm, Ms. Babenko was an investment analyst with a Hong Kong-based family office in New York, where she contributed to deal sourcing and financial analysis of potential investment opportunities primarily in Eastern and Central Europe. In Ukraine, she was a sales associate with an exclusive distributor of professional equipment for restaurants and hotels, and involved in the asset management of its real estate portfolio. Earlier, she was a business development associate with a venture capital seed accelerator fund based in Kiev.
Ms. Babenko holds a master’s degree from Cornell School of Hotel Administration, with a minor in Real Estate Finance and Investments. Also, she is a graduate of National Technical University of Ukraine, where she earned a bachelor’s degree and a master’s degree in Linguistics.
Analyst Anastasia Vladislavova assists with underwriting analysis and financing memoranda preparation, aiding senior team members with ongoing client management and placement efforts for debt and equity capitalization assignments. She joined Eyzenberg & Company in 2016 as a business development associate.
Prior to joining the firm, Ms. Vladislavova spent the majority of her career in residential real estate sales in Moscow, where she managed a high-performing group of 20 agents. Her passion for real estate brought her to Manhattan in 2014 to pursue a master’s degree in Real Estate Finance from NYU.
In addition, Ms. Vladislavova worked for a real estate fund in Riga, Latvia and for a property management company in New York City while advancing her education.
Ms. Vladislavova earned a Bachelor of Science degree in Business from Moscow State University in Moscow, Russia and a Master of Science degree in Real Estate Finance and Investments from Schack Institute of Real Estate, New York University. She is a member of Urban Land Institute.
Diana Davidson joined Eyzenberg & Company in 2016 as an analyst. Diana focuses on underwriting analysis, financing memoranda preparation and assists senior team members with ongoing client management and placement efforts for debt and equity capitalization assignments.
Prior to joining Eyzenberg & Company, Diana was a small business owner. During her tenure as a multi-unit franchisee of a national self-serve frozen yogurt franchise, Diana spearheaded the rollout of the brand in the New York market and managed construction for all new store locations as well as ongoing business operations. Most recently, in her transition into real estate finance, Diana was an analyst intern with the real estate acquisitions team at Wexford Capital, a Greenwich CT- based hedge fund and private equity firm, where she contributed to the sourcing, analysis and due diligence of a variety of new deals in many different markets nationwide and across all major property types.
Diana holds a Bachelor’s degree from Syracuse University, where she graduated Magna Cum Laude and was a member of the National Society of Collegiate Scholars. She has also earned a certificate in real estate finance and investment from New York Universities Schack institute of real estate.
John Raggio joined Eyzenberg & Company in 2019 as a managing director. He originates, structures and places debt, equity and ground lease capital for commercial real estate transactions across the U.S.
Throughout his career as a lender and advisor, Raggio has arranged fixed, floating, bridge and construction mortgages, and lines of credit, for all commercial property types. He has advised in the acquisition, financing and disposition of over $9 billion in real estate assets.
Prior to joining the firm, Raggio served as the Director of Private Equity and Director of Real Estate Finance for Boill Holding USA, a wholly owned subsidiary of Shanghai-based Boill Holding Group. Earlier, Raggio was a senior consultant for Spring11, a real estate advisory company involved in the structuring, valuation and due diligence for Fannie Mae and Freddie Mac lenders, as well as B-Piece buyers. He also was a founding partner of Tremont Realty Capital, where he oversaw a lending platform for bridge loans and mezzanine financing, and held senior roles at a number of real estate investment and advisory companies, including GE Real Estate and UBS/PaineWebber.
Raggio holds an MBA in finance from the Leonard N. Stern School of Business at New York University, and a BBA from Baruch College.
Robert Ginsberg joined Eyzenberg & Company in September 2016 as a Managing Director. His responsibilities include originating capital raising & advisory service assignments as well as supervising transaction execution of the Firm’s current mandates. Additionally, Robert spearheads the Firm’s distressed debt workout practice.
Mr. Ginsberg was previously director of acquisitions with Chicago based Kaufman Jacobs, responsible for originating, structuring and closing real estate investment opportunities. Previously Mr. Ginsberg was managing director with NGKF where he headed NGKF’s workout advisory group helping borrowers/sponsors with distressed loans achieve optimal loan resolutions.
Prior to NGKF Mr. Ginsberg headed Torchlight Loan Services’ New York large loan workout group. As a special servicer, he was responsible for enforcing lender’s rights on behalf of approximately 30 CMBS trusts with approximately 30 billion in assets. This work included modifications, foreclosures, discounted payoffs, short sales, litigation, bankruptcies and note & property sales for office, retail, hospitality, multi-family, industrial, storage, parking and manufactured housing nationwide.
Prior to working at Torchlight, Mr. Ginsberg was a managing director of two real estate acquisition funds: National Government Properties and Government Properties Trust where he assembled two portfolios through both development and acquisitions worth over $1.25 Billion. Mr. Ginsberg is currently an adjunct assistant professor teaching real estate finance at New York University's Schack Institute of Real Estate.
Mr. Ginsberg graduated from Pace University's Lubin Graduate School of Business with an MBA in finance and from Wesleyan University with a BA in economics.
Ao Sun joined Eyzenberg & Company in 2016 as an associate. Ao focuses on underwriting analysis, financing memoranda preparation and assists senior team members with ongoing client management and placement efforts for debt and equity capitalization assignments. Additionally, she focuses on expanding and maintaining the firm’s relationships with Asian based capital providers.
Prior to join Eyzenberg & Company, Ao Sun worked for Suzuki Capital's Development group and Besyata Group's Acquisition group where she was closely involved in underwriting investment opportunities for retail, office and student housing transactions. Ao began her career in China Resources Land Limited, a Top 10 developer in China.
Ao is a graduate of New York University with a master's degree in Real Estate Finance and Investments. She is a native Mandarin speaker and a member of Urban Land Institute.
David Eyzenberg is president of Eyzenberg & Company, a NYC-based investment bank delivering best-in-class debt, equity and ground lease capital solutions for existing, transitional and to-be-built projects. Additionally, Mr. Eyzenberg is the founder of Eyzenberg LFC, an institutionally backed private equity vehicle specializing in the creation and acquisition of leased fee positions, subject to long term ground leases, on development and existing income producing real estate. Complementing his professional endeavors, he teaches graduate real estate finance studies in the New York University Schack Institute’s Masters of Science in Real Estate and NYU Stern MBA programs.
Mr. Eyzenberg is an investor and board member of REZI, a technology enabled start up that helps landlords manage vacancy risk by pre-funding rents for vacant apartments. He also is an investor and board member of VR WorldNYC, a leader in virtual reality currently operating the largest VR experience center located in North America and the Western Hemisphere.
Previously, Mr. Eyzenberg was a principal and U.S. lead for the real estate capital raising practice of Avison Young, where he co-founded and oversaw a group that during his tenure expanded throughout multiple offices and consummated well over $1 billion of financing transactions. Prior to Avison Young, Mr. Eyzenberg was a managing director and head of commercial real estate for NewOak Capital. His tenure at NewOak began in 2011 after its acquisition of the investment banking practice of Eyzenberg’s Prodigious Capital Group, where he served as president since 2005. Prior to running Prodigious Capital Group, Mr. Eyzenberg was associated with several boutique real estate investment banks. He began his real estate career on the buy side working for Merrill Lynch, Ramius Capital Group and Greenstreet Real Estate Partners.
Mr. Eyzenberg graduated from New York University with a Bachelor's degree in communications and a Master's degree in real estate finance and investment. He also serves on the NYU Schack Real Estate Institute advisory committee. Mr. Eyzenberg is an active member of NMHC, ICSC, RELA and MBA, and is a frequent speaker at industry events.
Joshua Brenner joined Eyzenberg & Company in 2017 as a Business Development Associate. His primary focus is identifying and interacting with potential clients who are seeking debt and equity solutions for their commercial real estate transactions.
Prior to joining the firm, Mr. Brenner was an insurance and investment advisor with Fifth Avenue Financial in New York City. He also has experience in corporate middle-market investment banking and served in the U.S. Navy as a SONAR Technician.
Mr. Brenner holds a bachelor’s degree in Financial Economics from Columbia University.
Aaron Stelzer joined Eyzenberg & Company in 2019 as a Business Development Associate. His primary focus is identifying and interacting with potential clients seeking debt and equity solutions for their commercial real estate transactions.
Prior to joining the firm, Stelzer held positions in both trading and sales, covering municipal fixed income, interest rates and FX at U.S. Bancorp Piper Jaffray, Sumitomo Mitsui Banking Corporation and Commonwealth Bank of Australia. Additionally, he worked on the buy side, advising commercial real estate developers and alternative asset managers with structured hedging solutions.
Stelzer, a Certified Treasury Professional, earned a B.A. in History from Arizona State University. He also holds a MSc. from New York University, Leonard N. Stern School of Business, in Risk Management.
Henry Chakardjian joined Eyzenberg & Company in January 2019 as a Business Development Associate. Henry primarily focuses on identifying and interacting with potential clients seeking ground lease, debt and/or equity solutions for their commercial real estate transactions.
Henry has over 15 years of investment experience in real estate origination and capital raising, buy side private equity investing, and commodities trading. Prior to joining Eyzenberg & Company, Henry was a Vice President of Investments at a prominent Hong Kong based private equity firm. Working on global transactions spanning real estate and hospitality, natural resources, retail, technology and other sectors, he participated in transactions in excess of $5 billion. He led the company’s US real estate activity and moved to the United States as investor representative on a multi-billion-dollar condo development. Henry then set up his own boutique consultancy company in New York, where in addition to advising his former employer, he originated and advised on several predominantly residential real estate transactions throughout the United States. Henry began his career in commodities trading, working in London, Paris and Amsterdam.
Henry earned a Bachelor of Science in Engineering Degree at the University of Pennsylvania and has been actively involved in several charitable organizations, including National Geographic’s Pristine Seas and Panthera Corporation.
Ian Ponniah joined Eyzenberg & Company in September 2016 as a Managing Director. His responsibilities include originating capital raising & advisory service assignments as well as supervising transaction execution of the Firm’s current mandates.
Prior to joining Eyzenberg & Company Mr. Ponniah served as the Head of Originations for a New York based fund manager, where he was responsible for the solicitation, structuring and underwriting of bridge loans to NYC developers, operators and investors, including the purchase of non-performing notes. Additionally, Mr, Ponniah was a Senior Director of Originations and Structuring at Aristone Realty Capital from 2012. While at Aristone, Mr. Ponniah coordinated, structured, and managed in excess of $250M of high-yield subordinated financings in the form of A/B, junior debt, mezzanine, and/or preferred equity structures for the recapitalization of complex performing and non-performing real estate assets. Before joining Aristone Realty Capital, Mr. Ponniah served as a Director in the Commercial Real Estate division at New Oak Capital in 2011, where he was responsible for directing the firm's Investment Banking activities. Mr. Ponniah has also served as the Director of Acquisitions and Capital Markets at Madison Equities from 2004, a New York based real estate development and investment firm. While at Madison Equities, Mr. Ponniah had coordinated, structured, and executed acquisitions, joint ventures, and new capital commitments totaling over $1 billion encompassing new residential and hospitality developments in New York City. In 2003, Mr. Ponniah served as Vice President at Wall Street Realty Capital where he had managed, coordinated and assisted in the successful execution of various financial advisory and capital raising assignments totaling over $350M in equity and debt financings. Prior to Wall Street Realty Capital, Mr. Ponniah was a Mergers & Acquisition Vice President in ABN Amro’s Global Integrated Energy Group and Global Real Estate Group and was directly involved in over $4 billion of strategic M&A, debt and equity assignments.
Mr. Ponniah had begun his real estate career as a design architect working for several prominent Australian and Hong Kong firms. Mr. Ponniah earned an MS in Real Estate from Massachusetts Institute of Technology (MIT) and a Bachelors of Architecture from the University of Adelaide in Australia.