convergent capital partners santosh

Copyright 2023 CB Information Services, Inc. All rights reserved. Fill out this form to learn more: Wikicampers acts as a trusted third party. Santosh is a member the Samuel Zell and Robert Lurie Real Estate Center at the Wharton School of the University of Pennsylvania, The Committee on Foreign Relations, and Leadership Florida. Mr. Isenbergh brings a wealth of building experience to Anand Vihar. The investment group, which seeks value-add, opportunistic and specialty situation investments, has made numerous significant investments in the local market in acquiring office buildings, retail centers and apartments. Convergent Medias goals go beyond recognition, however. At. 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. Sax Postal address. 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. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. Holding on to The Pointe could be especially important if Sachdev and Govindarajus beliefs about the current inflated state of the commercial real estate market prove true. He has built over 3500 homes, most recently 1700+ homes in Tampa Bay. 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. Mr. Govindaraju also serves on the Board of Directors of Stageworks and on the Board of Trustees of Academy at the Lakes. 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? Since its founding in 2008, the firm has invested over $2 billion in real estate assets and debt, according to the companys profile. You can read more about your cookie choices at our privacy policyhere. At the same time, the company has hedged its risk exposure by investing with partners and by covering expenses through the sale of distribution rights and other means. At the same time, the Tampa-based real estate equity firm burnished its reputation as a canny judge of attractive but underperforming properties throughout the bay area and as far away as Chicago, where it has a 200,000-square-foot suburban office building. Find all the information of Sax or click on the section of your choice in the left menu. Why did you want mortgages instead of the actual property? In the past 18 months, we've turned more to where we're building a real estate portfolio with Class A assets. We bought it when it was very, very distressed, and put a lot of resources and money into it, and now it's a thriving apartment community that was 15 percent occupied when we bought it. "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. Founded in 1999, Convergent Capital is an SBIC fund manager dedicated to being a valued resource to lower middle market companies with capital needs. 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 I think well always try to be a bit contrarian and try to see where others math might be viewed as wrong, Govindaraju says. In film, youre developing intellectual property, whereas in real estate, youre developing or investing in real property.. "Now, it's a different world.". 30 years later in Tampa, USF friends make Hollywood dreams come true, How a gay bar made downtown Dunedins business culture bloom, No charges filed in the shooting death of 19-year-old University of Tampa student, You know what, guns actually do kill people | Letters, Seminole Heights serial killings case ends with guilty plea, 4 life sentences, Tampa voters pick Maniscalco for District 2 City Council, Top Tampa Bay area events for the week of April 24-30, Tampa Bay office buildings add perks, in part to attract millennials. Convergent Capital Partners has 3 team members, including current Chief Executive Officer, Santosh Govindaraju. Well-located properties, history has shown, always come back the quickest from any downturn, and theres a recognition on our part that you have to pay a premium for that at present., "Our main focus right now is on creating upside while limiting and protecting our downside." We are passionate about creating a strong, supportive community with excellent amenities. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. What's Happening in #Tampa / #StPete: Convergent Capital Partners has purchased Mercury Insurance's Clearwater office building in a $19.6 million Liked by Santosh Govindaraju This is an. His wife and two sons love living in Tampa and spending time with their parents, future residents of Anand Vihar. Well break down the latest business and consumer news and insights you need to know every Wednesday. Govindaraju, who spent three months studying the business at the University of California at Los Angeles famed film school, says he now spend roughly one quarter of his time on the media concern. 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. We want to sit down with our team and officials in St. Pete and work on a plan that would be successful for everyone. 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States. Today, the 113,000-square-foot urban retail and office center is 97% committed, following a $15 million renovation and leases with Physicians Partners, Total Quality Logistics, American Social and others. Quelques renseignements complmentaires sur mon vhicule : Its a very time-intensive business, but its also fun and rewarding, he says. 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. Do you expect more investments in the Tampa Bay area? Its been a great story since we bought it.. How has your investment strategy changed over the years? g commercial mortgages and real estate. We really like Naples and Bonita Springs; it's a very strong kind of retirement community, and we like the demand drivers there. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. Govindaraju says film investments can yield five- to 10-times the capital placed in them. When the company bought the former Shops at Harbour Island, at 601 S. Harbour Island adjacent to the Westin Tampa Harbour Island hotel, in August 2014 for $7.5 million, it was just 25% occupied, by restaurant Jacksons Bistro. But with years of tourist gains statewide and a laser-like marketing campaign by state and regional officials, Clearwater Beach has become one of Floridas most widely-visited tourist destinations. The representative example is for a financing made on 05/01/2021 and a first maturity on 05/02/2021. At the beginning we were buying a lot of distressed notes and mortgages on big real estate projects hotels, apartment buildings, completed townhome projects, office projects where the borrowers were just too overleveraged. The risk there was that so-called group business often is more predictable, albeit at lower room and food and beverage rates, than individual travel. You have a legal retraction period of 14 days from the signing of your contract. "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. Nik Sachdev, Managing Director, Convergent Capital Partners. His wife and three sons are actively involved in the Indian community in Tampa. "They can grow rapidly with relative ease," Govindaraju said of Harness. 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. So the core competencies are largely the same. Wall Street Lessons By continuing to use this site you are consenting to these choices. Convergent Capital Partners Tampa, Florida, United States 520 followers 500+ connections Join to view profile SAGE Development Group About I am currently pursuing my Master's of Science in. Were being careful, and only working with very strong operators. Part of the Tampa-based companys shift has involved preferred equity lending, from a roughly $50 million unleveraged fund it closed in August 2017. Thanks to our partner AutoViza, get it here in just one click. 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. Dr. Sanka, a native of Philadelphia, has lived in Tampa for over 10 years. 05 63 74 71 76. International: +33 5 63 74 71 76. 1115 Narmada Way, Wesley Chapel, FL 33543. Here are all the details of Sax available below. "There's a lot of money in Tampa Bay," she said. 4600 W. Cypress Street Suite 120 Tampa, Florida 33607 USA Email: santosh@convergentcap.com: Office Phone (813) 386-4906 Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. We have a highly skilled team with over 60 years of combined experience. Then we bought a large apartment complex of over 150 units in the USF area, the St. Moritz. Convergent Capital sold the 279-room hotel, at 301 S. Gulfview Blvd., in early 2016 for $120.5 million. How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? One industry we're very bullish on is hospitality. - Idal pour une famille car fait pour 5 couchages

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