 |
| Kevin R. McKenzie |
Newport Beach, CA – Aug.
19, 2015 – Sabal Financial Group, L.P., a diversified financial services firm
specializing in real estate, lending, and banking-related services, announced
today that it has retained Holliday Fenoglio Fowler, L.P. (HFF) to market and
sell a $541 million portfolio of real estate and performing, sub-performing,
and non-performing loans representing a portion of its managed asset
portfolio.
The offering consists of
11 different geographically diverse sub-pools, which will provide investors
with flexibility to pursue specific pools to meet their investment
objectives.
“We believe that investor
appetite will be strong due to the quality of the assets and the structure of
the transaction,” said Kevin R.
McKenzie, Head of Investments for Sabal.
The portfolio consists of
three (3) major asset pool groups: a
$91.5 million performing and sub-performing loan pool, four (4) non-performing
loan pools totaling $156.9 million of outstanding principal balance organized
geographically, and six (6) real estate pools organized geographically
comprised of real estate assets with a combined pre-foreclosure outstanding
principal balance value of $297.2 million.
 |
| Ken Kraemer |
This portfolio sale is
Sabal’s fifth structured sale transaction using an investment advisor.
“We have had the
opportunity to work with the most effective and capable sale teams in the
nation and have had excellent success supplementing our individual asset
strategies with portfolio transactions,” said Ken Kraemer, Head of Managed Real Estate at Sabal.
Sabal has created value
for its investors by deploying a wide variety of management strategies
appropriate to the local markets and the economic cycle from development to
structured sales.
“This pooled portfolio
provides an excellent opportunity for investors looking for predictable cash
yield from high quality investment property and loans in addition to achievable
value add strategies,” adds Brock
Cannon, managing director of HFF.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
No comments:
Post a Comment