FIDES Investment, LLC (“FIDES”) announces the sale of Belvedere and Martinique, two vintage rehab properties totaling 51 units located in the heart of Uptown Minneapolis. The properties were purchased in September 2014. The average property level return equated to a 21% IRR and a 1.7x multiple.
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FIDES Investment, LLC (“FIDES”) announces the sale of El Capitan and Granada, two vintage rehab properties totaling 52 units located in the heart of Uptown Minneapolis. The average property level return equated to a 17% IRR and a 1.6x multiple. Approximately 40% of the apartment units were renovated along with common areas which translated into a total revenue increase of approximately 37% from takeover to disposition.
FIDES Investment, LLC (“FIDES”) announces the sales of Park Crossing, a 32-unit apartment building located in Downers Grove, IL, and Maple Park, a 34-unit apartment building located in Naperville, IL. The recent sale price was just under $140,000/unit. The property level return equated to a 20% IRR and a 1.7x multiple.
FIDES Investment, LLC (“FIDES”) announces the sale of Laguna, a 45-unit luxury apartment building located in the heart of Uptown Minneapolis. The development parcel was bought “off market” in early 2015. Building construction was completed in May 2016, and the building was successfully leased up in just over 4 months.
FIDES Investment, LLC (“FIDES”) announces the sale of Geneva Park, a 56-unit apartment building located in Geneva, IL. FIDES joint ventured with a privately held investment firm that bought the failed condominium conversion in October 2013 in a short sale transaction simultaneously with the individual purchase of the previously sold condominiums.
FIDES Capital Partners, LLC (“FIDES”) was retained to arrange acquisition financing for one of the largest senior living communities located in Florida. The asset is involved in a complicated bankruptcy proceeding and will be sold in a Section 363/365 sale process.
FIDES Capital Partners, LLC ("FIDES") announces that it has arranged the mezzanine financing for the development of a $32 million Hyatt Place hotel at the University of Iowa in Iowa City, IA. The hotel is part of a much larger mixed-use project which includes Class A student housing, office and retail.
FIDES Capital Partners, LLC (“FIDES”) announces that it has served as capital advisor to a client in the manufactured housing sector. Greg Longoria the founder of FIDES said, “We are our very pleased that our client has partnered with such a dynamic and institutional investor.
FIDES Capital Partners, LLC ("FIDES") announces that it has completed over $1.1 billion in student housing transactions, and is one of the most active advisors to the student housing industry. “It’s been very exciting to be involved with this industry as it’s institutionalized over the last 5 years,” said Greg Longoria of FIDES. (Click here for overview)
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.
FIDES Investment, LLC (“FIDES”) announces its tenth joint venture with a high net worth family office for the acquisition of a land parcel slated for development in downtown Highwood. Before closing on the parcel, FIDES rezoned the property which is now approved for a 4-story 28-unit luxury apartment building. Additionally, FIDES worked closely with the village to obtain TIF financing to offset some of the infrastructure costs.
FIDES Capital Partners, LLC ("FIDES") announces that it has arranged the senior bridge financing for the recapitalization of a $50 million, Class A, 472-bed student housing community at the University of Illinois at Urbana-Champaign.
FIDES Capital Partners, LLC (“FIDES”) has been retained to arrange $150 million of senior debt financing for the acquisition of a $230 million portfolio of suburban office assets located along the Eastern seaboard.
FIDES Capital Partners, LLC (“FIDES”) announces that it is serving as advisor to a client in the manufactured housing space. Greg Longoria the founder of FIDES said, “We absolutely love the manufactured housing sector. It has all the right things going for it. Several years ago we advised another client in partnering with an institutionalized family office, and the returns have worked out really well for both parties.”
FIDES Capital Partners, LLC ("FIDES") announces that it has arranged the senior debt financing for the recapitalization of a $80 million, Class A, 526-bed student housing community at the University of Illinois at Urbana-Champaign.
FIDES Capital Partners, LLC ("FIDES") announces that Gregg Handrich was appointed as the Receiver on for an office building condominium on behalf of a regional bank. The property is located in Fox River Grove, IL.
FIDES Capital Partners, LLC ("FIDES") announces that it has acted as the financial advisor on the acquisition of the Marriott Lincolnshire Resort, a 389-key resort in suburban Chicago. FIDES advised the acquirer on both the equity and debt financing.
FIDES Capital Partners, LLC ("FIDES") announces that it has arranged the senior debt financing for the recapitalization of a $70 million, Class A, 573-bed student housing project at the University of Nebraska.
