Dan Reynolds Joins Advisory Team


CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC (“FIDES”) is pleased to announce that Dan Reynolds, a respected institutional capital markets executive, has joined the Real Estate Advisory team as a Managing Director.

Mr. Reynold’s career in investment banking, debt, private equity capital markets, and strategic advisory spans over 35 years.  As a senior executive with prominent firms such as LaSalle Partners/JLL, LaSalle Investment Management, and Western National Group, he originated, arranged, and championed investments from sovereign wealth funds, public and corporate pension funds, major insurance companies, endowments, foundations, and family offices.  Additionally, he played the primary role in representing a wide variety of significant organizations in the evaluation, development, and implementation of their capital strategies by cultivating and maintaining senior-level relationships with active investors.

“Dan’s ability to directly access institutional capital sources both domestically and internationally, is highly additive to our existing and future client base,” said Greg Longoria, Founder of FIDES.  “He has successfully raised over $11 billion of capital for investment vehicles, including commingled funds, separate accounts, programmatic joint ventures, co-investment, and single-asset transactions across the investment risk spectrum. This level of sophistication is particularly important given that most of our client engagements are multi-dimensional and transformational in nature.”

“I’m excited to embark on this opportunity with FIDES, as I saw firsthand how they operate and add value to difficult and complex situations.  Our relationship was cultivated during my tenure as a client of FIDES, and since then, we’ve identified how our strengths complement each other.  I’m convinced this partnership promises exciting and big opportunities for our mutual relationships across the industry,” said Mr. Reynolds.

Mr. Reynolds graduated magna cum laude from the University of Notre Dame, where he received a Bachelor of Business Administration with a concentration in Finance.

Please contact Dan at 708-205-4947 or Danreynolds@fidescapitalpartners.com

About FIDES Capital Partners
FIDES Capital Partners collaborates with real estate owners and investors to propel their businesses forward through innovative and tailored capital solutions.  Its corporate finance approach typically involves growth and project-level real estate capital.  The company prides itself on crafting bespoke solutions aligning the client’s strategic and capital needs with its broad network of institutional and entrepreneurial capital sources.  This can include entity-level, programmatic GP investments, and programmatic LP joint venture capital.

For additional information, please visit:  https://www.fidescp.com/#who-we-are

$10 Million Preferred Equity Recap


CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") has been engaged as the financial advisor to the developer of a multifamily development in a strong Sunbelt market. “Our client was seeking partial liquidity on a recently completed multifamily development that was still in lease-up,” said Gregg Feldkamp of FIDES. “Given the need for capital in other under-construction projects, our client asked us to procure capital to recapitalize a portion of their interest.  This was complicated by the fact our client wasn’t the sole equity source in the project and their partner was not interested in leveraging their position ratably.  Our experience with complicated capital solutions distinguishes us from other capital advisory firms or mortgage banking firms.  We know how to address these complex situations, as we’ve served in capacities as both lender and borrower.  We are thoughtful in our approach and diligent with our execution and our client is confident that we’ll deliver when it counts.”

$160 Million Loan Restructuring


CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") has been engaged as the financial advisor to a multifamily owner regarding a defaulted mortgage secured by a portfolio of multifamily properties. “We did a lot of lender negotiations and restructurings during the GFC, and we understand how both creditors and debtors view these situations,” said Greg Longoria of FIDES. “So we modeled the opportunity from the lender’s perspective to understand their options, as well as their opportunity cost if they were to sell the note and redeploy the capital into a new loan.  We then provided several options to the lender based on how our client could create value with a refreshed capital structure, that included a restructured loan.  Everyone now has transparency into the decision making process.”

$30 Million Bridge Loan Multifamily Construction


CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") has been engaged as the financial advisor to the developer of a multifamily development in a strong Sunbelt market. “Our sponsor client commenced construction of a large development prior to securing all the capital necessary to fund the project,” said Gregg Feldkamp of FIDES. “As the developer’s liquidity diminished, they contacted FIDES to discretely procure bridge capital so that the construction would remain uninterrupted while the capital stack was finalized.  This was a difficult assignment, yet FIDES procured a $30MM+ term sheet that provided the sponsor with ample time to optimize the capital structure.  This engagement is emblematic of the solutions and creativity that we bring to our clients.”

$800 Million - Largest MF Default in Country


CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC (“FIDES”) secured $240 million of equity to acquire alongside its client, the first mortgage loans secured by a 75-building portfolio of 2,149 rent-controlled apartments in some of the most iconic neighborhoods in San Francisco, CA.  “This is a tremendous opportunity to utilize our client’s proprietary knowledge of the properties, market, and operations to enhance and create value,” said Greg Longoria of FIDES.  “With a note balance of close to $800 million, I believe this is the largest multifamily default in the country, and we’re excited to be in the middle of this high-profile transaction.  No multifamily operator is better qualified than our client to acquire these notes and drive the going-forward value of this fabulous portfolio.”

$50 Million OpCo Recap: Industrial Developer


CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") secured multiple term sheets from sophisticated institutional investors to recapitalize the balance sheet of an industrial development and ownership entity of a global, vertically integrated real estate investment management company with $16 billion of assets across the United States and Europe.  “This is a phenomenal opportunity for a capital partner, as this type of transaction wouldn’t have been available prior to the dislocation of last year,” said Greg Longoria of FIDES.  “Our client has a $1.5 billion pipeline of Class A industrial development projects across some of the hottest markets in the United States.  They have sophisticated institutional investors as limited partners, and a proven track record of generating high risk-adjusted returns.”

$10 Million Land A&D Financing


CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") has been engaged as the financial advisor to the developer of several master planned communities (“MPCs”) in the greater Rochester, MN area. “Our sponsor client has identified a very compelling supply-demand imbalance in the Rochester area housing market,” said Gregg Feldkamp of FIDES. “The world renown Mayo Clinic has announced massive expansion plans putting further pressure on a very tight housing market.  Over the past couple of years, our client has secured several large parcels with plans to develop and deliver critically needed housing supply across the price spectrum.  While the larger financing market has its share of challenges, we’ve received a warm response to this mandate as the business plan is rooted in solid underwriting fundamentals.”

$80+ Million MHC Financial Advisory


CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as the financial advisor to the owner of a 4 star, 400+ site manufactured housing community in Las Vegas, Nevada. “We worked with the owner to evaluate and explore several strategic options, including a recapitalization, refinancing, and sale,” said Greg Longoria of FIDES. “The tenant demand for the sites and homes was significant given the comparative cost of alternative housing options, and leasing velocity and rent growth exceeded our expectations.  In the end, a transaction was consummated with one of the biggest investors in the business.  A win-win for all parties.”

Co-GP Partner: Life Science Conversions


CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC (“FIDES”) has been retained as the exclusive financial advisor in the identification of a Programmatic Co-GP institutional equity source for a sponsor pursuing life science focused value-add investments in the Western U.S.  “Our client has already executed on several life science conversion opportunities in the San Diego market, which is the 3rd largest life science market in the U.S.  Specifically, they are targeting cGMP space which is a fast-growing segment of the bioscience production market in coastal California,” said Greg Longoria of FIDES.

Co-GP Partner: Multifamily & Industrial


CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC (“FIDES”) has been retained as the exclusive financial advisor in the identification of a Programmatic Co-GP institutional equity source for a multifamily and industrial developer based in Texas. “This is a very exciting opportunity for us. Our client is a great sponsor with a vertically integrated operation. They are developing the two most desirable product types being sought by institutional investors. In addition, their focus is Austin which is a high barrier-to-entry market,” said Greg Longoria of FIDES.

$100 Million Student Housing Financing


CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as the equity capital markets advisor to a student housing developer on the financing of a $100 million ground-up class “A” student housing development project at University of Wisconsin - Madison. “Some of the professionals from our investor went to Wisconsin’s real estate school, so they all understood the unique location of this adjacent to campus site. This is a 539-bed community right across the street from campus,” said Greg Longoria of FIDES. “FIDES was involved in identifying both the Co-GP and institutional JV equity financing.”

$122 Million Student Housing Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing


FIDES Capital Partners, LLC ("FIDES") served as the equity capital markets advisor to a student housing developer on the financing of a $122 million ground-up class “A” student housing development project at Purdue University – West Lafayette. “Purdue is an extraordinarily tight market right now; every investor was interested in this opportunity. This is a 751-bed, 7-story mixed-use community located just two blocks from campus,” said Greg Longoria of FIDES. “FIDES was involved in identifying both the Co-GP and institutional JV equity financing.”

$125 Million Multifamily Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing


FIDES Capital Partners, LLC ("FIDES") served as the equity capital markets advisor to a multifamily developer on the financing of a $125 million ground-up class “A” 15-story, 307-unit multifamily development project in the heart of Midtown Nashville. “This project will be state-of-the-art with extensive amenities and curated local finishes. Nashville is an exciting city, now I know why everyone wants to be here,” said Greg Longoria of FIDES. “FIDES was involved in identifying both the Co-GP and institutional JV equity financing.”

$73 Million Student Housing Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing


FIDES Capital Partners, LLC ("FIDES") served as the equity and debt capital markets advisor to a developer on the financing of a $73 million ground-up class “A” student housing development project. “Boise is just smoking hot right now, we had multiple equity and debt term sheets for this 175 unit/547-bed project at Boise State University,” said Greg Longoria of FIDES. “FIDES was involved in all aspects of the capital structure: GP capital, institutional JV equity and construction financing.”

$68 Million Student Housing Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing


FIDES Capital Partners, LLC ("FIDES") served as the equity and debt capital markets advisor to a developer on the financing of a $68 million ground-up class “A” student housing development project. “As opposed to how difficult it was last year, we had multiple equity and debt term sheets for this 153 unit/390-bed project at The Ohio State University,” said Greg Longoria of FIDES. “FIDES was involved in all aspects of the capital structure: GP capital, institutional JV equity and construction financing.”

Co-GP Capital Raise Student Housing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing


FIDES Capital Partners, LLC ("FIDES") announces that its client, a national developer of student and multifamily housing, has closed a Co-General Partner programmatic partnership. “The partnership not only provides a significant amount of co-GP investment capital, but additional capital for pre-dev and balance sheet support. This is not easy capital to arrange, but we had multiple parties submit competitive term sheets,” said Greg Longoria. “There are some bells and whistles related to the structure, that will enable our client to take its company to the next level.”

Self-Storage Programmatic Equity Partner

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing


FIDES Capital Partners, LLC (“FIDES”) has been retained by an acquiror of self-storage properties as the exclusive financial advisor to identify an institutional equity partner. “Our client buys and re-purposes self-storage assets in infill locations. They have a strong track record and self-storage is a hot asset class with the institutional marketplace,” said Peter Suazo of FIDES.

$90 Million Student Housing Acquisitions

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing


FIDES Capital Partners, LLC (“FIDES”) has been retained by an acquiror of institutional student housing assets as the exclusive financial advisor to identify an institutional equity partner. “Our client has two assets under contract totaling $90 million.  Both are operational physical turnarounds; exactly what the market is looking for today.  A nice balance of risk and return,” said Greg Longoria of FIDES.

JV Equity $35 Million MOB Acquisition

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing


FIDES Capital Partners, LLC ("FIDES") announces that its client, the acquiror of a $35 million medical office building, has executed a joint venture equity term sheet with an institutional investment management firm. Greg Longoria of FIDES arranged the investment saying, “the demand for MOB investments surpassed our estimates. This is a prototypical Class A MOB with a first class rent roll.”

Recapitalization of $70 Million MHC Portfolio

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing


FIDES Capital Partners, LLC (“FIDES”) has been retained as the exclusive financial advisor in the recapitalization of a $70,000,000 portfolio of 4-star manufactured housing assets. “We are seeking $34 million of preferred equity, and expect significant interest given the performance of this asset class during COVID. MHC performed beyond everyone’s expectations,” said Greg Longoria of FIDES.