Atlantic | Pacific Companies and Blue Arch Advisors Announce First Closing of a New $175 Million Fund for Multifamily Investments

 

Greg Ward

MIAMI, FL – Atlantic | Pacific Companies (A|P) and Blue Arch Advisors announced the closing of their co-sponsored fund, Blue Atlantic Partners II, which will focus on investing in existing multifamily communities in the Southeast and Southwest U.S.

The fund closed with approximately $110 million of equity capital commitments. 

The fund expects additional closings in the coming months with a total target raise for the fund of up to $175 million of equity which together with anticipated leverage is expected to have buying power of approximately $500 million. Investors in the fund include domestic and international institutions and high net worth individuals.

“In Blue Atlantic Partners I, we were able to successfully acquire $260 million in multifamily assets for our investors in a nine month period,” said Greg Ward, Managing Partner with the fund from A|P. “We are excited for the opportunity to provide the same level of service for our clients in Fund II."

Gil Hermon

The fund's strategy will be to purchase existing multifamily communities that can benefit from A|P’s property management expertise and value add/renovation program. The fund's target locations are affluent suburbs of major cities in the Southeast and Southwest U.S.

"We are grateful for the support from our investors, especially our repeat investors, and very excited to continue to grow our platform," said Gil Hermon, Managing Partner with the fund from Blue Arch Advisors.

For more information about A|P and its array of real estate services including development, property management, affordable housing, and construction, visit www.apcompanies.com or call (800) 918–1145. Follow A|P on Facebook (@AtlanticPacificCompanies), Instagram (@APCompanies) and Twitter (@APCompanies).

For a complete copy of the company’s news release, please contact:

Jessica Wade Pfeffer, President

MIAMI OFFICE: 7100 Biscayne Blvd., Suite 306A | Miami, FL 33138

NEW YORK OFFICE: 401 Park Ave. S., Suite 10-017 | New York, NY 10016

Headquarters Phone +1.305.456.0483 | Cell +1.305.804.8424

Jessica@JWIpr.com

Facebook, Instagram and Twitter @JWIpr

HFF closes $45.3 million sale of and arranges $34 million in financing for Three-building office complex in greater Philadelphia

  

Valley Creek Corporate Center, Exton, PA

Doug Rodio

PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $45.3 million sale of and arranged $34 million in financing for Valley Creek Corporate Center, a three-building, Class A office complex totaling 259,163 square feet in Exton, Pennsylvania.

HFF marketed the property on behalf of the seller, a real estate investment management and advisory company based in California. 

A joint venture between Pembroke IV, a real estate investment company based in greater Philadelphia with significant Class A office investments in the suburban Philadelphia and Chicago markets, and Ten Capital Management, a privately held real estate investment management company based in Cleveland, Ohio, purchased the assets. 

Additionally, HFF worked on behalf of the new owner to secure the 10-year, 4.30 percent, fixed-rate acquisition loan through Barclays Capital. 

Valley Creek Corporate Center comprises 220, 222 and 224 Valley Creek Boulevard, which are situated near the confluence of Routes 202 and 30 and the Pennsylvania Turnpike about an hour northwest of downtown Philadelphia. 

Brett Segal

The immediate area surrounding the property is highly amenitized with hotels, restaurants, shopping centers, banks, daycares and health clubs.  

Additionally, Exton Park, a 725-acre park with running, walking and biking trails; recreational fields; fishing ponds and plans for equestrian space, golf and sports fields, is located adjacent to Valley Creek. 

 Completed in 2002, the property is 95.2 percent leased with an average weighted lease term of 5.5 years.

The HFF investment sales team representing the seller was led by senior managing director Doug Rodio, managing director Brett Segal, director Ben Appel and senior managing director Jose Cruz.

HFF’s debt placement team was led by managing director Ryan Ade and associate director Neil Campbell.

  

“This ‘best-in-class’ asset boasts an impressive mix of global corporate headquarters and credit worthy tenants and is situated in the Route 202 corridor, one of suburban Philadelphia’s most desirable locations,” said Rodio.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director, Public Relations

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

krmurphy@hfflp.com