FIDES Capital Partners, LLC (“FIDES”) has been retained by a large private multifamily owner as the exclusive financial advisor to identify an institutional equity partner. “Our client is a vertically integrated national multifamily platform that is seeking an equity investor to provide growth capital.
FIDES Capital Partners, LLC (“FIDES”) has been retained by a nationwide owner of manufactured housing communities as the exclusive financial advisor to identify a mezzanine lender or preferred equity investor.
FIDES Capital Partners, LLC ("FIDES") announces that it has been retained by the Board of Directors of a private real estate company to evaluate a proposed financial restructuring in light of property, market and financial challenges to the company’s real estate assets.
FIDES Capital Partners, LLC (“FIDES”) has been retained as the exclusive financial advisor in identifying one or more equity partners for a $1.0 billion pipeline of core-infill multifamily development projects.
FIDES Capital Partners, LLC (“FIDES”) announces that is engaged and currently working on the following representative transactions:
$70MM equity and debt financing on a mixed-use redevelopment project.
$50MM equity and debt recapitalization on a CBD student housing asset.
$40MM preferred equity investment on $120MM student housing acquisition.
$7MM construction financing on the second phase of a student housing development.
$5MM equity investment on a value-add student housing acquisition.
Undisclosed buy-side M&A engagement within the multifamily mortgage finance industry.
FIDES Capital Partners, LLC (“FIDES”) announces that it has been retained by a multifamily owner-operator to assist it in institutionalizing its asset management and investor reporting functions. The client specializes in acquiring, renovating and managing workforce housing properties in the Southwestern United States.
FIDES Capital Partners, LLC (“FIDES”) announces that it has arranged a $4,300,000 bridge loan to finance the recapitalization of a three-property multifamily and commercial portfolio in Nacogdoches, Texas. The loan was used to pay-off the existing financing and a third-party equity provider.
FIDES Capital Partners, LLC ("FIDES") had a robust first quarter across its advisory platform. "The range of our engagements demonstrates that the market is still very active, but it also reflects its cautiousness" said Greg Longoria. "What you're seeing are transaction types and asset classes that express the maturity in the real estate cycle. Both sponsors and investors are taking a more defensive and selective approach to doing deals."
FIDES Investment, LLC divested a total of 594 units in 16 different properties during 2017. The properties were primarily value-add acquisitions in suburban Chicago and downtown Minneapolis, and were purchased during 2014 and 2015. This resulted in an average cap rate of 4.80%, and an average property IRR of 20%.
FIDES Investment, LLC (“FIDES”) announces the sale of The Isles apartments, two vintage rehab properties totaling 85 units located in the heart of Uptown Minneapolis. FIDES joint ventured with CPM and a privately held investment firm. The properties were purchased in September 2014. The sale price equated to $161,000/unit. The average property level return equated to a 19% IRR and a 1.7x multiple.
FIDES Investment, LLC (“FIDES”) announces the sale of the “Eat Street” Brownstone apartments, a collection of three buildings totaling 20 units located in the Whittier neighborhood of Minneapolis. The properties were purchased in October 2015. The sale price equated to a property-level IRR of 18%.
FIDES Investment, LLC (“FIDES”) announces the sale of Loring Grove apartments, a value-add vintage property totaling 64 units located in the highly desirable Loring Park neighborhood of downtown Minneapolis. The properties were purchased in September 2014. The property level return equated to an 18% IRR and a 1.6x multiple.
