Axxcess Capital Ventures and American Colonial Capital (ACC) have signed an agreement for Axxcess to source acquisition and development capital for ACC’s Institutional investments, Delaware Statutory Trusts (DSTs) and private non-traded REITs.
American Colonial Capital’s ACC Fund I is a USD200m private equity fund focused on real estate investment in the domestic commercial, multifamily, hospitality, senior/student housing sectors.
American Colonial Capital is located in Palm Desert, California.
Since 2003, Eli Spiro, Tim Snodgrass and David Levine, executives and upper management at Axxcess, have helped raise over USD2bn in equity for a variety of real estate, corporate equity and investment banking projects.
“We are very impressed with the qualifications and experience of American Colonial Capital’s management team, and are committed to help raise capital for all of their projects,” says Snodgrass, “and we already have expressed interest from our initial presentations to several of our institutional groups, including Goldman Sachs. We have also initiated processes to raise capital through our retail broker dealer network.”