Real Estate Private Placement Transactions
Venturi personnel have completed some of the largest, most complex real estate finance and investment banking transactions for a Who’s Who of real estate owner/operators. Select private placement transactions include:
Closed Transactions
Venturi personnel have completed some of the largest, most complex real estate finance transactions for a Who’s Who of real estate owner/operators. Select transactions include:
GT Canada Medical Properties, Inc.
Qualifying Transaction
On behalf of Canada's first publicly-traded company focused exclusively on medical office properties, Venturi was part of a syndicate of investment banks that assisted in the private placement of subscription receipts (shares) necessary to complete the entity's first single-asset acquisition, and allowing its shares to trade publicly on the Toronto Stock Exchange (TSX).
$50,000,000
Entity-Level Equity Placement
Discretionary Value-Added/Opportunity Fund
On behalf of this highly successful emerging manager prominent in the Philadelphia / Lehigh Valley region, Venturi has been exclusively engaged to raise this operator’s first institutional fund. Heavy interest is expected from private equity players and other capital sources looking to invest in a highly successful operating platform and to align themselves with this “go to” operator with an exceptional return history.
$20,000,000
Construction and Mezzanine Financing
124-Key Hyatt Place
Mid-Atlantic Region
On behalf of one of the most active developers in the Philadelphia / Lehigh Valley region, Venturi has been exclusivey engaged to secure financing for this planned 124-key Hyatt Place, a new limited-service brand currently being launched throughout the U.S. by Hyatt Corporation.
$250,000,000
Discretionary Equity Capital
West Coast Industrial Property Fund
On behalf of a highly-successful industrial owner, operator and developer, a major institutional investor was identified. The Fund will enable the Sponsor to expand and accelerate its acquisitions and development activity throughout the Western United States.
$780,000,000
Recapitalization
Sears Tower
Chicago, IL
On behalf of the ownership entity, a $780 million fixed rate, interest-only loan was secured for this world-renowned, 4.5 million square foot, 108 story trophy office tower. The financing, which was secured at a very tight spread over the benchmark, provides the owners with greater operational flexibility over that available with the previous floating-rate loan, and the new, lower rate provides the additional benefit of improved cash flow and thus the ability of ownership to make additional capital enhancements to the asset.
$315,000,000
Equity and Debt Acquisition Financing
311 South Wacker Drive
Chicago, IL
On behalf of one of the U.S.’s most successful private real estate investors, approximately $315 million of equity and debt financing was transacted for the acquisition of 311 South Wacker Drive, a Class A, trophy 1.3 million square foot office tower located on prestigious Wacker Drive in Chicago’s hot West Loop submarket. This capitalization included a $244 million first mortgage acquisition financing, which was arranged through a major investment bank at an extremely competitive spread over the benchmark, and approximately $65 million of joint venture equity financing secured through a private equity source.
$153,000,000
Acquisition Financing
Starrett Lehigh Building
New York, NY
On behalf of one of the most active owner/operators in the U.S., completed this large-scale financing in only seven days. This senior loan, which was placed with a global investment bank, financed the acquisition of this noteworthy 2.5 million square foot asset which was being transitioned from industrial/distribution use to office use, and was the flagship project for the rapid development of the Chelsea submarket of Manhattan into a legitimate office destination. The facility included reserves for tenant improvements and leasing commissions, as well as a “good news” provision whereby additional proceeds would be made available to fund future leasing activity.
$85,000,000
Debt Acquisition Financing
260/261 Madison Avenue
New York, NY
On behalf of a major New York-based operator, this financing capitalized the acquisition, renovation and stabilization of two midtown Manhattan office buildings totaling approximately 560,000 square feet and located in the Grand Central submarket. The loan was placed with a major investment bank.
$132,000,000
Sale Transaction
Gotham Hospitality Portfolio
New York, NY
As exclusive advisor to the owner, completed the sale of this prestigious portfolio of six boutique hotels totaling 656 keys and located in key areas throughout Manhattan. This portfolio traded for a then record price, with all but one of the hotels encumbered by long-term ground leases.
