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Real Estate
Salem Partners' real estate banking division is comprised of professionals that hail from top Wall Street banks, global financial institutions, and nationally recognized real estate companies.
In aggregate, the leadership of the group has structured and executed more than $40 billion worth of transactions advising for both public companies and private real estate sponsors, developers, and operators. Salem Partners raises both equity and debt capital for a wide variety of real estate capital structures.
We strive to advocate for our clients by identifying optimal capital partners and providing solutions that add significant value to any transaction. As a group, we cover over 500 major institutional investors with varying real estate investment strategies, including endowments, pension funds, private equity funds, hedge funds, credit funds, insurance companies, sovereign wealth funds, and large family offices. We have formed strong relationships with many of these investors over the last several decades. We focus on capital raises of $20 million and up and have the ability to raise up to $1 billion or more for a single transaction.
Real Estate
Healthcare Services
Salem Partners understands the complexities of supplying and servicing the Healthcare and Pharmaceutical Industries. Constant changes to reimbursement and regulation add to an already challenging and competitive environment. Our professionals offer unique expertise that includes CROs, CDMOs, pharma distribution, digital health, other pharma services, and multi-site facility care. We diligently keep up with industry trends and regulatory changes by maintaining an open dialogue with key industry leaders and prominent private equity investors.
Life Sciences
Salem focuses its life sciences practice on emerging growth companies in the pharmaceutical and biotechnology segments. We have particular expertise in specialty pharma and have completed multiple transactions across a wide range of development stages. Salem Partners also is very active in supporting life sciences companies with M&A initiatives and partnering strategies to achieve growth and liquidity objectives.
Areas of Expertise
With a proven track record, we deliver financial and strategic solutions needed to grow and transform your company.
Equity Capital
All forms of capital for the spectrum of real estate risk categories (opportunistic, ground-up development, distressed situations, value-add, and core-plus) typically in joint-venture format (single asset or a programmatic joint-venture that contemplates series of transactions)
Structured Equity/ Debt
All forms of structured equity, preferred equity, mezzanine and senior debt capital up and down the capital structure
Special Situations
Entity level capital, portfolio recapitalizations inclusive of estate or succession planning, capital for REITs or real estate operating companies, restructurings and real estate related mergers and acquisitions.
Media Tech
- Software and Technology Services
- Data Services
- Frontier Technologies
Areas of Expertise
With a proven track record, we deliver financial and strategic solutions needed to grow and transform your company.
Equity Capital
All forms of capital for the spectrum of real estate risk categories (opportunistic, ground-up development, distressed situations, value-add, and core-plus) typically in joint-venture format (single asset or a programmatic joint-venture that contemplates series of transactions)
All forms of structured equity, preferred equity, mezzanine and senior debt capital up and down the capital structure
Special Situations
Entity level capital, portfolio recapitalizations inclusive of estate or succession planning, capital for REITs or real estate operating companies, restructurings and real estate related mergers and acquisitions.
Areas of Expertise
With a proven track record, we deliver financial and strategic solutions needed to grow and transform your company.
Equity Capital
All forms of capital for the spectrum of real estate risk categories (opportunistic, ground-up development, distressed situations, value-add, and core-plus) typically in joint-venture format (single asset or a programmatic joint-venture that contemplates series of transactions)
Structured Equity/ Debt
All forms of structured equity, preferred equity, mezzanine and senior debt capital up and down the capital structure
Special Situations
Entity level capital, portfolio recapitalizations inclusive of estate or succession planning, capital for REITs or real estate operating companies, restructurings and real estate related mergers and acquisitions.
Areas of Expertise
With a proven track record, we deliver financial and strategic solutions needed to grow and transform your company.
All forms of capital for the spectrum of real estate risk categories (opportunistic, ground-up development, distressed situations, value-add, and core-plus) typically in joint-venture format (single asset or a programmatic joint-venture that contemplates series of transactions)
All forms of structured equity, preferred equity, mezzanine and senior debt capital up and down the capital structure
Entity level capital, portfolio recapitalizations inclusive of estate or succession planning, capital for REITs or real estate operating companies, restructurings and real estate related mergers and acquisitions.
Equity Capital
All forms of capital for the spectrum of real estate risk categories (opportunistic, ground-up development, distressed situations, value-add, and core-plus) typically in joint-venture format (single asset or a programmatic joint-venture that contemplates series of transactions)
Structured Equity/ Debt
All forms of structured equity, preferred equity, mezzanine and senior debt capital up and down the capital structure
Special Situations
Entity level capital, portfolio recapitalizations inclusive of estate or succession planning, capital for REITs or real estate operating companies, restructurings and real estate related mergers and acquisitions.
Client Testimonial
"In addition to possibly being the most likable guys in the capital markets space, Jeff and the Salem Partners team are best in class capital raisers. They offer a truly bespoke process that has exceeded our expectations at every level. More impressive than their abilities is their integrity. We have worked with them on two deals and at all times we felt that they had our interests in mind."
(415) 426 - 5650
jbarcy@salempartners.com
(310) 806-4209
cphan@salempartners.com
Eisenhower Property Group
Eisenhower Property Group
Exclusive financial advisor to Eisenhower Property Group in securing a $35M senior construction loan.
Summary
LOS ANGELES, CA JANUARY 2024 -- Salem Partners, LLC (“Salem”) is pleased to announce the closing of a $35 million horizontal construction loan on January 11th, 2024. The loan was structured between Salem’s client, Eisenhower Property Group (“EPG” or the“Company”) and a lending affiliate of two institutional investors (structured between a Los Angeles based real estate private equity investor and one of the largest and most prominent hedge funds in the world).
EPG hired Salem on an exclusive basis to structure, source and close credit financing for the purpose of refinancing existing debt and provide capital for horizontal land development at EPG’s Two Rivers East master planned community in Northeastern Tampa Bay, Florida.
Eisenhower Property Group
Eisenhower Property Group
Exclusive financial advisor to Eisenhower Property Group in securing a $50M corporate and construction loan.
Summary
LOS ANGELES, CA JULY 2023 -- Salem Partners, LLC (“Salem”) is pleased to announce the successful closing of a $50 million corporate and construction loan on July 10th, 2022. The loan was structured between Salem’s client, Eisenhower Property Group (“EPG” or the “Company”) and a private credit fund that has a specialty and focus on residential land investing.
EPG hired Salem on an exclusive basis to structure, source and close a bespoke credit financing that gave a lender significant collateral and security, while yielding EPG the proceeds and flexibility it needed to effectively run its business. Proceeds of the loan were used to refinance existing debt and provide capital for horizontal land development across various parcels within the Company’s Two Rivers master planned community in Northeastern Tampa Bay, Florida.
Ford
Ford
Financial advisor in facilitating a $130 million industrial property acquisition leased to Ford.
Summary
LOS ANGELES, CA APRIL 2022 -- Salem Partners, LLC (“Salem”) is pleased to announce a successful closing of a $130 million acquisition of a brand new 1.1 million square foot, mission critical industrial and distribution facility(the “Property”) 100% leased to Ford Motor Company (“Ford”) in suburban Detroit, MI.
The acquisition closed in April of 2022 between a net-lease focused REIT and the original Property developer. The Property serves as one of the main logistics nodes for Ford’s parts division for North America and was a build-to-suit development by the original developer.
Guardian Yards
Guardian Yards
Financial advisor to Guardian Yards in securing a $50 million equity joint venture.
Summary
LOS ANGELES, CA NOVEMBER 19, 2021 -- Salem Partners, LLC (“Salem”) is pleased to announce a successful closing of a $50 million programmatic equity joint venture on November 19th, 2021. The joint venture was structured between Salem’s client,Guardian Yards (“Guardian” or the “Company”) and a West Coast / Los Angeles based private equity firm focused on opportunistic commercial real estate investing. The goal of the joint venture will be to acquire land sites to develop high-performing Industrial Outdoor Storage (“IOS”) | Industrial ServiceFacilities (“ISF”) real estate properties across the major California markets.
Private Equity Residential Platform
Private Equity Residential Platform
Financial advisor in securing $65 million in portfolio financing.
Summary
LOS ANGELES, CA JULY 23, 2021 -- Salem Partners, LLC (“Salem”) is pleased to announce a successful, $65 million loan financing that closed on July 23rd, 2021, on behalf of a best-in-class, private equity owned, residential platform (the “Company”).
The Company hired Salem to structure a bespoke credit product against a portfolio of built, under construction, and to-be-built multifamily assets (the “Portfolio”) which will provide the Company with the necessary capital to allocate to its ground-up development pipeline.
Jupiter Land Holdings LLC
Jupiter Land Holdings LLC
Financial advisor in facilitating a $30 million equity joint venture for Jupiter Land Holdings.
Summary
LOS ANGELES, CA MAY 6, 2021 -- Salem Partners, LLC (“Salem”) is pleased to announce a successful transaction closing on May 6th, 2021, on behalf of its client, Jupiter Land Holdings LLC (“Jupiter”).
Jupiter hired Salem to identify and raise $30 million in joint-venture LP equity capital (the “Venture”). After closing, the Venture will horizontally develop the raw land into both residential / for-sale lots and commercial pads (industrial) on a 52-acre land parcel in Murrieta, CA. The land site is adjacent to the prestigious Loma Linda University Medical Center, which is one of the premier teaching hospitals in Southern California. Additionally, the site is surrounded by master-planned, residential communities (some of which were developed by the principal of Jupiter).
Geyser Holdings – Goldman Sachs
Geyser Holdings – Goldman Sachs
Financial advisor to Geyser Holdings, LLC, facilitating a successful close of a $186 million office acquisition joint venture on their behalf.
Summary
Salem Partners, LLC (“Salem”) is pleased to announce a successful closing on behalf of its client, Geyser Holdings, LLC and its CEO, Russell Geyser “Geyser”. Geyser hired Salem to identify and raise the required joint-venture equity capital with the objective to acquire an institutional class, creative office asset called Hollywood 959, located in the heart of the Hollywood Media District in Los Angeles, CA.
Hollywood 959 is a recently developed, 250,000 SF class A, creative office campus developed by JH Snyder Co. Located next door to Sunset Las Palmas Studios, Hollywood 959 is surrounded by entertainment industry destinations including Paramount Studios, MILK Studios, The LOT Studios, Television Center and Sunset Gower/Bronson Studios. Current tenants span the spectrum of critical service and creative players in the content eco-system (creative, production, post-production, digital, public relations, and others).
Through a targeted process, Salem was able to garner significant interest from some of the largest and most experienced institutional investors across the globe and from that process, Geyser selected Goldman Sachs as its joint venture capital partner to acquire Hollywood 959.
Urban Mining
Urban Mining
Financial advisor to Urban Mining in securing $35 million in corporate and construction financing.
Summary
Salem Partners, LLC (“Salem Partners”) is pleased to announce the successful completion of a$35 million senior loan for its client, Urban Mining Company (“UMC”) and its investors and affiliates. UMC presented Salem Partners with the challenge to structure a credit product that would provide enough proceeds to refinance its existing real estate debt, finish its mission critical manufacturing facility in the Austin / San Marcos region of Texas and capitalize all transaction and interest costs (a proceeds level which was unavailable by typical bank lenders)all within a tight timeframe.
Grand Peaks Properties
Grand Peaks Properties
Financial advisor in securing follow-on equity financing for Grand Peak Properties.
Summary
Salem Partners facilitated another multifamily equity financing for Grand Peaks Properties (GPP) as part of their $1 billion joint-venture with a global family office. On July 15, 2019, $23 million was allocated to a ground-up construction project in Denver, CO, following a $25 million investment in a Miami, FL renovation. Since 2017, the Program has developed/acquired six properties worth nearly $500 million.
Eisenhower Property Group
Eisenhower Property Group
Financial advisor to Eisenhower Property Group in securing a $54 million revolving credit facility.
Summary
Salem Partners, LLC is pleased to announce the successful completion and placement of a $54million revolving credit facility for its client, Eisenhower Property Group (“EPG”). Salem Partners advised EPG on an exclusive basis and selected a credit hedge fund to provide the financing. First closing of the facility occurred on June 13th, 2018.
Jeff Barcy, Managing Director of Salem Partners’ real estate investment banking group, and Parker Bennett, Director of real estate investment banking, led negotiations and leveraged a highly competitive capital markets process to enable EPG to select the most suitable credit investor.
The Grove Resort & Spa – BTI – Westport
The Grove Resort & Spa – BTI – Westport
Financial advisor to The Grove Resort & Spa in securing a $35 million senior debt placement.
Summary
LOS ANGELES, CA April 19, 2018 -- Salem Partners, LLC is pleased to announce the successful completion of a $35 million senior debt placement for its client, a real estate partnership between, BTI Partners & Westport Capital Partners. This partnership acquired, developed and opened the “The Grove Resort & Spa” in Orlando, Florida, which is a multi-phased condo / hotel / resort near Walt Disney World, Orlando.
The debt transaction closed in March of 2018, with Salem Partners acting as the financial advisor and investment bank to the partnership. Jeff Barcy, Managing Director of Salem Partners’ real estate investment banking group, and Parker Bennett, Director of real estate investment banking, led debt capital markets outreach, negotiations and structured $35million in debt financing at an attractive rate from an institutional credit investor.
Four Springs Capital Trust – Guggenheim
Four Springs Capital Trust – Guggenheim
Financial advisor to Four Spring Capital Trust in securing $40 million in convertible preferred equity from Guggenheim.
Summary
LOS ANGELES, CA January 23, 2018 -- Salem Partners, LLC is pleased to announce the successful completion of a $40 million convertible preferred equity placement for its client, Four Springs Capital Trust (“FSCT” or“Four Springs”) with Guggenheim Investments (“Guggenheim”). The transaction closed on February 23rd, 2018, with Salem Partners acting as the financial advisor and investment bank to FSCT. Jeff Barcy, Managing Director of Salem Partners’ real estate investment banking group, and Parker Bennett, Director of real estate investment banking, led negotiations and leveraged a highly competitive capital markets process to enable FSCT to select the most suitable capital partner in Guggenheim.
Grand Peaks Properties
Grand Peaks Properties
Financial advisor to Grand Peak Properties in entering a $1 billion joint venture for multifamily value-add and development projects.
Summary
LOS ANGELES, CA February 28, 2017 -- Salem Partners is pleased to announce the successful completion of a programmatic joint-venture in the real estate / multifamily sector for its client, Grand Peaks Properties, Inc. (“GPP”). The joint-venture is between GPP and a global family office with the objective to aggregate $1 billion of multifamily assets.GPP is a vertically-integrated, national operator based in Denver, CO that has a 70 year family history in the multifamily sector. In terms of its business lines, GPP manages, acquires, renovates and develops high quality, suburban multifamily properties. With over 220 employees, GPP has a significant local presence in markets such as Denver,Dallas/Fort Worth, Portland, Seattle and Miami.
Mana`olana Partners - Salem Partners
Salem Partners – Hill Street Realty
Hill Street Realty – The Berkeley Center
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