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$10 Million Preferred Equity Recap

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") has been engaged as the financial advisor to the developer of a multifamily development in a strong Sunbelt market. “Our client was seeking partial liquidity on a recently completed multifamily development that was still in lease-up,” said Gregg Feldkamp of FIDES. “Given the need for capital in other under-construction projects, our client asked us to procure capital to recapitalize a portion of their interest.  This was complicated by the fact our client wasn’t the sole equity source in the project and their partner was not interested in leveraging their position ratably.  Our experience with complicated capital solutions distinguishes us from other capital advisory firms or mortgage banking firms.  We know how to address these complex situations, as we’ve served in capacities as both lender and borrower.  We are thoughtful in our approach and diligent with our execution and our client is confident that we’ll deliver when it counts.”

$800 Million - Largest MF Default in Country

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC (“FIDES”) secured $240 million of equity to acquire alongside its client, the first mortgage loans secured by a 75-building portfolio of 2,149 rent-controlled apartments in some of the most iconic neighborhoods in San Francisco, CA.  “This is a tremendous opportunity to utilize our client’s proprietary knowledge of the properties, market, and operations to enhance and create value,” said Greg Longoria of FIDES.  “With a note balance of close to $800 million, I believe this is the largest multifamily default in the country, and we’re excited to be in the middle of this high-profile transaction.  No multifamily operator is better qualified than our client to acquire these notes and drive the going-forward value of this fabulous portfolio.”

$50 Million OpCo Recap: Industrial Developer

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") secured multiple term sheets from sophisticated institutional investors to recapitalize the balance sheet of an industrial development and ownership entity of a global, vertically integrated real estate investment management company with $16 billion of assets across the United States and Europe.  “This is a phenomenal opportunity for a capital partner, as this type of transaction wouldn’t have been available prior to the dislocation of last year,” said Greg Longoria of FIDES.  “Our client has a $1.5 billion pipeline of Class A industrial development projects across some of the hottest markets in the United States.  They have sophisticated institutional investors as limited partners, and a proven track record of generating high risk-adjusted returns.”

Co-GP Partner: Life Science Conversions

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC (“FIDES”) has been retained as the exclusive financial advisor in the identification of a Programmatic Co-GP institutional equity source for a sponsor pursuing life science focused value-add investments in the Western U.S.  “Our client has already executed on several life science conversion opportunities in the San Diego market, which is the 3rd largest life science market in the U.S.  Specifically, they are targeting cGMP space which is a fast-growing segment of the bioscience production market in coastal California,” said Greg Longoria of FIDES.

Co-GP Partner: Multifamily & Industrial

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC (“FIDES”) has been retained as the exclusive financial advisor in the identification of a Programmatic Co-GP institutional equity source for a multifamily and industrial developer based in Texas. “This is a very exciting opportunity for us. Our client is a great sponsor with a vertically integrated operation. They are developing the two most desirable product types being sought by institutional investors. In addition, their focus is Austin which is a high barrier-to-entry market,” said Greg Longoria of FIDES.

$100 Million Student Housing Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as the equity capital markets advisor to a student housing developer on the financing of a $100 million ground-up class “A” student housing development project at University of Wisconsin - Madison. “Some of the professionals from our investor went to Wisconsin’s real estate school, so they all understood the unique location of this adjacent to campus site. This is a 539-bed community right across the street from campus,” said Greg Longoria of FIDES. “FIDES was involved in identifying both the Co-GP and institutional JV equity financing.”

$122 Million Student Housing Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as the equity capital markets advisor to a student housing developer on the financing of a $122 million ground-up class “A” student housing development project at Purdue University – West Lafayette. “Purdue is an extraordinarily tight market right now; every investor was interested in this opportunity. This is a 751-bed, 7-story mixed-use community located just two blocks from campus,” said Greg Longoria of FIDES. “FIDES was involved in identifying both the Co-GP and institutional JV equity financing.”

$125 Million Multifamily Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as the equity capital markets advisor to a multifamily developer on the financing of a $125 million ground-up class “A” 15-story, 307-unit multifamily development project in the heart of Midtown Nashville. “This project will be state-of-the-art with extensive amenities and curated local finishes. Nashville is an exciting city, now I know why everyone wants to be here,” said Greg Longoria of FIDES. “FIDES was involved in identifying both the Co-GP and institutional JV equity financing.”

$73 Million Student Housing Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as the equity and debt capital markets advisor to a developer on the financing of a $73 million ground-up class “A” student housing development project. “Boise is just smoking hot right now, we had multiple equity and debt term sheets for this 175 unit/547-bed project at Boise State University,” said Greg Longoria of FIDES. “FIDES was involved in all aspects of the capital structure: GP capital, institutional JV equity and construction financing.”

$68 Million Student Housing Financing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as the equity and debt capital markets advisor to a developer on the financing of a $68 million ground-up class “A” student housing development project. “As opposed to how difficult it was last year, we had multiple equity and debt term sheets for this 153 unit/390-bed project at The Ohio State University,” said Greg Longoria of FIDES. “FIDES was involved in all aspects of the capital structure: GP capital, institutional JV equity and construction financing.”

Co-GP Capital Raise Student Housing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") announces that its client, a national developer of student and multifamily housing, has closed a Co-General Partner programmatic partnership. “The partnership not only provides a significant amount of co-GP investment capital, but additional capital for pre-dev and balance sheet support. This is not easy capital to arrange, but we had multiple parties submit competitive term sheets,” said Greg Longoria. “There are some bells and whistles related to the structure, that will enable our client to take its company to the next level.”

Self-Storage Programmatic Equity Partner

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC (“FIDES”) has been retained by an acquiror of self-storage properties as the exclusive financial advisor to identify an institutional equity partner. “Our client buys and re-purposes self-storage assets in infill locations. They have a strong track record and self-storage is a hot asset class with the institutional marketplace,” said Peter Suazo of FIDES.

$90 Million Student Housing Acquisitions

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC (“FIDES”) has been retained by an acquiror of institutional student housing assets as the exclusive financial advisor to identify an institutional equity partner. “Our client has two assets under contract totaling $90 million.  Both are operational physical turnarounds; exactly what the market is looking for today.  A nice balance of risk and return,” said Greg Longoria of FIDES.

JV Equity $35 Million MOB Acquisition

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") announces that its client, the acquiror of a $35 million medical office building, has executed a joint venture equity term sheet with an institutional investment management firm. Greg Longoria of FIDES arranged the investment saying, “the demand for MOB investments surpassed our estimates. This is a prototypical Class A MOB with a first class rent roll.”

Recapitalization of $70 Million MHC Portfolio

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC (“FIDES”) has been retained as the exclusive financial advisor in the recapitalization of a $70,000,000 portfolio of 4-star manufactured housing assets. “We are seeking $34 million of preferred equity, and expect significant interest given the performance of this asset class during COVID. MHC performed beyond everyone’s expectations,” said Greg Longoria of FIDES.

$172 Million Student Housing Closing

CATEGORIES  |  Debt  |  Equity  |  Financial Advisory  |  Investments  |  Multifamily  |  Student Housing

FIDES Capital Partners, LLC ("FIDES") served as capital markets advisor to a developer on the closing of two class “A” student housing development projects totaling $172,000,000. “To get these deals done during COVID was a miracle” said Greg Longoria of FIDES. “One was a 687-bed project at the University of Oregon, the other a 745-bed project at Indiana University. The tenacity required by both the client and FIDES is what got the job done.”

$200 Million+ Multifamily Growth Capital & Recap

FIDES Capital Partners, LLC (“FIDES”) has been retained by a large private multifamily owner as the exclusive financial advisor to identify an institutional equity partner.  “Our client is a vertically integrated national multifamily platform that is seeking an equity investor to provide growth capital.

$600 Million Development Pipeline - Student Housing

FIDES Capital Partners, LLC (“FIDES”) has been retained as the exclusive financial advisor in identifying one or more equity partners for a $600 million pipeline of Class-A purpose-built student housing properties at flagship public universities across the United States.

Multifamily Equity Capital Raise

FIDES Capital Partners, LLC (“FIDES”) has been retained as the exclusive financial advisor in identifying one or more equity partners for a $1.0 billion pipeline of core-infill multifamily development projects.