Emerald Creek Capital Announces Successful Launch of Equity Investment Fund
NEW YORK, May 5, 2022 /PRNewswire/ — Real estate investment firm Emerald Creek Capital (ECC) is pleased to announce the successful launch of the ECC Opportunity Fund, an opportunistic equity investment fund focused on acquisitions and joint venture partnerships in the multi-family, industrial and self-storage asset classes.
Since 2009, ECC has invested over $2.4 billion capital through 11 discretionary real estate funds, led by co-founders and managing partners, Marc Penna and Marc Bahiri. With additional leadership from general managers Jeff Seidler and Mike Cleaverthe ECC team has well established expertise in debt origination and execution through 463 transactions.
Building on the momentum of more than a decade of expansion, emerald stream launched the Equity Opportunity Fund at the end of 2021. The Fund targets value addition, rental and repositioning strategies alongside experienced regional operating partners. The strategy is national in scope with a particular focus on the Southeast and Southwest primary markets United States.
To date, New Vehicle has acquired four multi-family properties and three industrial properties in Florida, Texas, New Yorkand Virginia totaling more $200 million in real estate acquisitions.
“As a business, we have proven our ability to develop a successful investment fund and sustain that growth over the long term,” said managing partner Mark Bahiri. “This is a logical expansion given our experience and industry connections. By launching the Equity Opportunity Fund, we can offer our clientele multiple investment products within a strong real estate investment strategy.
The new fund is led by Christian Galanti and Tom Hollins, who joined ECC in 2021 as Managing Directors. Based in the company‘s New York City head office, they are responsible for originating, evaluating, structuring and executing real estate acquisitions and joint venture partnerships. Christian and Tom previously spent eight years as partners and directors of Paragon Outcomes Management, a $1 billion+ private real estate investment firm. Together, they were responsible for creating the company’s joint venture and preferred stock strategy, which was successfully executed over $500 million in operations. They were directly involved in the launch of Paragon‘s real estate income fund, focused on generating low volatility returns for investors.
“Tom and Christian are incredibly valuable additions to the business,” says Managing Partner Mark Penna. “They each bring a wealth of knowledge and experience, and we are delighted to have them join our growing team.”
On: With offices at manhattan, Boston, Pennsylvania and South FloridaEmerald Creek Capital has established a reputation as a leader in the middle market real estate investment industry. emerald stream is one of the pioneers of alternative finance, specializing in bridge loans secured by commercial real estate in primary markets and recently launched an opportunistic investment fund. Through its domestic and foreign investment vehicles, the company has executed more than $2.4 billion in more than 460 debt and equity transactions.
Show original content to download multimedia:https://www.prnewswire.com/news-releases/emerald-creek-capital-announces-successful-launch-of-equity-investment-fund-301541301.html
SOURCE Emerald Creek Capital