When it sold late last year, it was more than 90% committed. The acquisition, which closed March 29, includes the eight-story, 157,379-square-foot office building as well as a five-story parking garage at 1901 Ulmerton Road. Drs. "Projects were cash starved. It was a townhouse of 40 units developed near USF (University of South Florida) in Tampa. Its a question the principals at Convergent Capital Partners have been asking a lot of late, as commercial real estate values have soared and turnaround prospects have dimmed. And no matter what we do, we want to create a positive impact., Were going to maintain our sense of trustworthiness and loyalty, Sachdev says. After Tampa Bay WaVe connected him to Harness, he reconsidered his reluctance. But Govindaraju, who becomes a new member of the company's board of directors, said his share is a personal investment unconnected to Convergent. [Handout photo] By Times Staff Published. We promise to provide you with quality, value and peace of mind. Sax Fax number. We use cookies to improve and personalize your browsing experience, analyze our traffic, and provide social networking features. There, the company more than doubled operating profit in about three years, to just under $10 million, by executing a strategy that favored leisure travel over corporate business. The concept of Anand Vihar originated when two good friends envisioned creating a community where their parents could enjoy a vibrant, yet serene lifestyle in a close-knit community, while living in the best retirement city in the US. Discover the benefits negotiated for you. Our mission is to create a close knit active adult community where you feel right at home from the first moment you arrive! That allows you to attract the best talent because anyone who goes into filmmaking aspires to win an Oscar.. Length : 7,50 Convergent Capital Partners has 3 team members, including current Chief Executive Officer, Santosh Govindaraju. Mr. Govindaraju was named the IndoUS Chamber of Commerce Businessman of the Year for 2002. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. Since founding the firm in September 2008 through 2014, Santosh has led the team in the acquisition of approximately $550 million in commercial real estate assets. We are passionate about creating a strong, supportive community with excellent amenities. John Mason Co-Founder, Investment Committee Member. Every time the market shifts, you have to shift, too. We really like Naples and Bonita Springs; it's a very strong kind of retirement community, and we like the demand drivers there. Quelques renseignements complmentaires sur mon vhicule : Book your hotel room at the best price. Its a tricky time, and the one thing is we know what we dont want to do, Sachdev says. Minneapolis, MN / Newport Beach, CA Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. We consider it an irreplaceable asset in an irreplaceable location, Sachdev says. "I intended to invest in tech startups in the late '90s, but I didn't find the market fit me because it was too speculative at the time," he said. Find below the times of sunrise and sunset calculated 7 days to Sax. What does a company formed to buy and turn around distressed commercial real estate properties do when there are few such properties to be had? Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. He was responsible for directing the firm's strategy, capital raising, and managing the risk in the firm's investments. One industry we're very bullish on is hospitality. He was recently honored for his medical services, and recognized as a top physician in Tampa Bay. Why did you start Convergent in 2008, a terrible time for most new companies? This real estate private equity firm makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. The complete history of this vehicle is available online. Conditions in force on 01/01/2021. Wikicampers offers you a 3-month SECUR warranty. Locate simply the city of Sax through the card, map and satellite image of the city. All Rights Reserved. Castres, Occitanie, 81100. Affected credit from 5,000 to 120,000 subject to acceptance by Cofidis SA Directoire et conseil de surveillance au capital de 67 500 000 . - Porte-vlo pour 2 vlos . 50.011. He is an award-winning builder who has been involved with over 40 major real estate developments in Florida. Mr. Govindaraju is a level 2 candidate for the Chartered Financial Analyst (CFA) designation. Private Equity Stage Investors Private Equity Firms, Number of portfolio companies associated to the Person, Algorithmic rank assigned to the top 100,000 most active Investors, The organization associated to the person's primary job, This describes the type of investor the person is (e.g. Mr. Isenbergh brings a wealth of building experience to Anand Vihar. Then we bought a large apartment complex of over 150 units in the USF area, the St. Moritz. Here are all the details of Sax available below. At. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. We love the Tampa Bay market, St. Pete included. Eric Isenbergh Mr. Isenbergh brings a wealth of building experience to Anand Vihar. current Chief Executive Officer, Santosh Govindaraju, CBI websites generally use certain cookies to enable better interactions with. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Oceanic climate (Kppen climate classification: Cfb), Copyright 2023 DB-City - All rights reserved. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. . Its hard to plan for the future when the real estate market appears to be at its peak, Sachdev says. The borrower knows the asset best. So the core competencies are largely the same. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. France. Sax Postal address. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. Convergent has several hotels, including the new Aloft in downtown Tampa, a Holiday Inn Express in Naples and Candlewood Suites hotels in Hilton Head, S.C., Charleston, S.C., and Athens, Ga. Why so many hotels? Subscribe to our free Business by the Bay newsletter. Paragon, Mr. Govindaraju originated over $600 million in residential and commercial mortgage loans and repositioned / developed over $100 million of commercial real estate. Such was the case at 490 First Ave. South, in downtown St. Petersburg, where Convergent Capital partnered with New Jersey-based office specialist Denholtz Associates. Convergent Capital is working to install a boardwalk and 50-slip marina on the property, and next year, Jacksons Bistro is slated to begin a major overhaul of its restaurant, which combined will likely add even greater value. Harness has developed an app allowing users to "round-up" credit or debit card purchases with the change automatically donated back to their favorite charity. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. This real estate private equity firm makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. Convergent Capital. It was a very difficult time, but we found a group of high-net-worth individuals who trusted us. He is a physician and avid traveler, who enjoys spending time with his wife and their two children. How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? Convergent Capital Partners revenue is $4.1 M, Convergent Capital Partners has 12 employees, Convergent Capital Partners headquarters are located in 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States, Convergent Capital Partnerss main industries are: Finance, Venture Capital & Private Equity, Convergent Capital Partnerss CEO is Paul Erdman, Convergent Capital Partners appears in search results as Convergent Capital Partners LLC, Convergent Capital Partners, Convergent Management LLC, Get Free Access to Convergent Capital Partners Contacts Info. Mr. Govindaraju was named Indo-US Chamber of Commerce Businessman of the Year for 2002. GTC, 2023 Wikicampers. Legal notices our sites and services. Seul la camra de recul sera contrle en mme temps que le test d'tanchit, car la vido ne se diffuse pas. Convergent Capital Partners has 1 fund, including CCP Fund I LLC. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. With over 150 years of combined experience in Florida real estate, Convergent is a pre-eminent and dominant player in Florida's real estate markets. As in real estate development, my job as an executive producer is to be a creative force and to pay attention to the details day-to-day, Govindaraju says. Were very selective about who we do deals with, but once we form a partnership, well follow them wherever they want to go, and always were investing on a risk vs. reward basis, Sachdev says. Santosh Govindaraju is the Portfolio Manager of Convergent Capital Partners LLC, a real estate private equity firm focused on opportunistic real estate investments primarily in Florida. On Wikicampers, you will find the perfect camper to rent or to buy.Learn more, Promo Code The representative example is for a financing made on 05/01/2021 and a first maturity on 05/02/2021. He looks forward to his parents moving to Tampa and joining the Anand Vihar community. Dimensions des pneumatiques conformes la monte d'origine : Prsence de fume anormalement importante l'chappement : Kilomtrage ou date du prochain entretien : Prsence d'-coups au passage des vitesses : Dfaut stipul en "portire arrire", ce sont des traces de goudron. Santosh began his career at Lehman Brothers in 1997 in New York as a trader of fixed income derivatives, including various U.S. Dollar interest rate products such as swaps, caps, and floors. Made in the Basque Country. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. We saw the opportunity that was in the (real estate) market with the economy the way it was. . Follow @susanskate. In an interview last week with the Tampa Bay Times, Sachdev discussed Convergent's beginnings, its investment strategy and why it's bullish on Tampa Bay. The California-based insurance company purchased the building in 2005 for approximately $24.88 million. m, Consumption : 11 A University of Michigan graduate and a former banker, Sachdev, 35, started Convergent with partners Santosh Govindaraju, 38, who began his career trading fixed-income derivatives, and Paul Beraquit, the "on the ground" partner who handles the physical aspects of their real estate deals. m, Height : 3,00 Since its founding in 2008, the firm has invested over $2 billion in real estate assets and debt, according to the companys profile. By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy. "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. Well break down the latest business and consumer news and insights you need to know every Wednesday. His wife and three sons are actively involved in the Indian community in Tampa. You can read more about your cookie choices at our privacy policyhere. Join us at the Muma College of Business (BSN 225) on March 9th from 6:30-7:30 PM for an exciting presentation by Santosh Govindaraju, Founder and CEO of Convergent Capital Partners. 147 Avenue De Lacaze-basse. for a total of 45 300,00 loaned, reimbursed in 161% monthly installments of %mensualit%, not including insurance(s) and/or optional service(s): 61 766,30. Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. Mr. Govindaraju graduated from the University of Pennsylvanias prestigious Jerome Fisher Program in Management and Technology (M&T), with a Bachelor of Science in Economics with concentrations in Finance and Entrepreneurial Management from the Wharton School and a Bachelor of Applied Science in Systems Engineering from the School of Engineering & Applied Science and minors in Theatre Arts, Mathematics, and South Asian Studies. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. Here are all the details of Sax available below. From growth, acquisition, and recapitalization situations, we approach every funding project as a unique opportunity to help make a difference in small businesses, their people, and communities. His two children attend high school here, and he and his wife founded a charter high school for exceptional children. Convergent Capital Partners is an aggressive buyer of debt, which is currently valued at $250 million. You can read more about your. It's a beautiful location, but it needs a little cash, the property needs to be attended to. 24/7 technical support for vehicle operation. Calling all real estate enthusiasts! Copyright 2023 Observer Media Group Inc., All Rights Reserved, Convergent Capital Partners, Liberty Group partner on Aloft project, Seizing on opportunities in Opportunity Zones, Convergent Capital Partners closes $40 million fund, Blackstone buys Westin hotel, Convergent Capital buys nearby Knights Point, Convergent Capital joins Park Square ownership, as required for Public Notices per F.S.
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