Regent Partners and TriGate Capital form property fund
Regent Partners, an Atlanta real estate investment, development and services firm, and TriGate Capital, a national real estate investment firm, have formed the Regent-TriGate Property Fund I.
The fund focuses on the recapitalization of real estate assets in Atlanta and the Southeast that require both capital and management expertise.
“We believe that Regent-TriGate will offer management and capital solutions to lenders and owners of large, complicated real estate assets that are in need of recapitalization,” says David Allman (pictured), chairman of Regent Partners. “It is our belief that market participants will be looking to firms that have capital, but also have the ability to add value to real estate through intensive management and redevelopment.”
Regent-TriGate is currently looking for opportunities to combine its operating, marketing and repositioning expertise with financial restructuring to appropriately capitalise and effectively manage real estate assets.
Potential transactions might include joint ventures with financial institutions that own or are secured lenders on properties, acquisitions of loans and equity investment in properties that require recapitalization.
The fund will look to combine its capital with third party institutional partners to further augment its capital base for specific opportunities. In particular, Regent-TriGate believes it can add value to large, complicated developments that need new sponsorship in order to complete, stabilise and maximise the value of the assets.
“We believe that Regent’s redevelopment capability, management expertise and knowledge of Southeastern real estate together with TriGate’s investment and financial structuring expertise will provide unique solutions to the real estate challenges that exist today,” says Jay Henry, managing member of TriGate Capital.
Peter Fish of Sterling Real Estate Capital helped to arrange the fund.