CATEGORIES | Debt | Equity | Financial Advisory | Investments | Multifamily | Student Housing
FIDES Capital Partners, LLC ("FIDES") is pleased to announce that it has successfully advised its client, a national multifamily housing developer, on the formation of a strategic venture with an institutional multifamily property management company. The strategic partnership will start with a $600 million portfolio, and will expand through co-development and investment opportunities throughout the U.S. "Given my advisory role I had the advantage of independently seeing behind the curtain of both companies, and I understood the needs and strategic direction of each one. I knew broaching the idea with each company would be a bit tricky because they knew each other, but they didn't know each other in the way that really mattered", said Greg Longoria, Managing Principal of FIDES. "I've done a lot of M&A and strategic partnerships throughout my career, and to me this made perfect sense. Ultimately, we structured a partnership that met the quantitative and strategic needs of both companies. In a deal like this, it’s more about the future synergies than anything."