Capview Partners Announces Capview Income & Value Fund IV Equity Closing
January 23 2017 - 11:41AM
Business Wire
Real estate investment fund raised more than
$126 million
Capview Partners, LLC, a Dallas-based real estate investment and
fund management firm, today announced the successful equity closing
of the Capview Income & Value Fund IV (CIVF IV). Equity
subscriptions accepted by CIVF IV exceeded $126 million.
“We are very pleased that the closing of the capital raise
significantly exceeded our minimum objective, and will be working
hard to complete the portfolio and execute the remaining objectives
of the fund on behalf of the limited partners of CIVF IV,” said
John Hammill, President of Capview Partners.
STNLR properties are usually made up of a parcel of land and a
free-standing building under a long-term lease with a single brand
name tenant. The STNLR market offers higher occupancy levels in
varying market conditions, lower pricing volatility, lower
management intensity, and better liquidity than other segments of
commercial real estate.
“With nearly 70 percent of the portfolio acquired, we will
continue our steady, disciplined approach to purchasing STNLR
properties for CIVF IV and are confident that 2017 will present us
with additional attractive property investment opportunities,” said
Doug Colquitt, Director of Acquisitions at Capview Partners.
Upon full deployment of CIVF IV’s equity capital into STNLR
properties, CIVF IV is expected to own more than 100 STNLR
properties across 30 states, totaling approximately 1.3 million
square feet.
Armanino LLP is the accounting and auditing firm for CIVF IV,
Hallet & Perrin is the corporate legal counsel, and Bank of
America Merrill Lynch was the sole lead arranger and administrative
agent of CIVF IV’s $300 million credit facility.
Launched in 2010, Capview Partners is led by co-founders Ken
Shulman and John Hammill. The firm has a history of more than $625
million in total transactional volume across the country.
About Capview Partners
Capview Partners is a real estate investment and fund
management firm. Through its funds, the company seeks to produce
cash flow and profits for investors by acquiring, managing, and
selling single-tenant, net lease retail (STNLR) real estate
properties. The management team has more than 100 years of
collective experience in real estate and has participated in more
than $6 billion of total transaction volume in the STNLR market.
The company is headquartered in Dallas, Texas with investment
properties located throughout the U.S. For more information about
Capview, visit www.capviewpartners.com.
Forward-Looking
Statements
The forward-looking statements contained in this press release
are based on our current beliefs, assumptions and expectations,
taking into account information that we reasonably believe to be
reliable. There can be no assurances that such statements will be
accurate or achieved. Our actual results, performance or
achievements could differ materially from the results, performance
and achievements expressed or implied by such forward-looking
statements.
Disclaimer
This press release is neither an offer to sell nor a
solicitation of an offer to buy a security; such an offering is
made only by a confidential private offering memorandum.
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version on businesswire.com: http://www.businesswire.com/news/home/20170123005749/en/
Media Contact:Sunwest CommunicationsKatie Olivier,
214-373-1601 x241kolivier@sunwestpr.comorCapview Partners
Contact:Shelley Howard, 972-656-6069General
Managershelley.howard@capviewpartners.com