SALEM PARTNERS ANNOUNCES SUCCESSFUL, $65 MILLION LOAN FINANCING ON BEHALF OF PRIVATE EQUITY OWNED, RESIDENTIAL PLATFORM
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.
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.
SALEM PARTNERS ANNOUNCES SUCCESSFUL TRANSACTION ON BEHALF OF JUPITER LAND HOLDINGS, LLC
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...(read more)
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...(read more)
SALEM PARTNERS ANNOUNCES SUCCESSFUL CLOSING ON BEHALF OF GEYSER HOLDINGS, LLC
LOS ANGELES, CA DECEMBER 30, 2020 -- 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... (read more)
LOS ANGELES, CA DECEMBER 30, 2020 -- 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... (read more)
SALEM PARTNERS ANNOUNCES SUCCESSFUL COMPLETION AND PLACEMENT OF $35 MILLION SENIOR LOAN
LOS ANGELES, CA AUGUST 26, 2019 -- 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 time frame... (read more)
LOS ANGELES, CA AUGUST 26, 2019 -- 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 time frame... (read more)
Real Estate
Who we are
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.
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.
banking and advisory services
capital raising
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Investment Advisory & Services
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Repeat Clients
"Jeff and Parker, in addition to possibly being the most likeable guys in the capital markets space, 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 at at all times we felt that they had our interests in mind."
- Lance Tate, Managing Member at Embarcadero Group, LLC
Key Contacts
Jeff Barcy
Managing Director, Real Estate Investment Banking (415) 426 - 5650 jbarcy@salempartners.com |
Parker Bennett
Director, Real Estate Investment Banking (310) 597 - 4489 pbennett@salempartners.com |
covered assets
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Recent transactions
SALEM PARTNERS ANNOUNCES SUCCESSFUL COMPLETION OF JOINT-VENTURE IN REAL ESTATE/MULTIFAMILY SECTOR
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... (read more)
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... (read more)
SALEM PARTNERS SUCCESSFULLY CLOSES HEALTHCARE REAL ESTATE JOINT-VENTURE
LOS ANGELES, CA July 27, 2016 -- Salem Partners is pleased to announce the successful completion of a large programmatic joint-venture in the real estate / medical office sector for its client, Everest Medical Core Properties (“Everest MCP”). The joint-venture is between Everest MCP and a major, U.S. based real estate private equity firm. Everest MCP is a national real estate operator / sponsor with significant experience investing in healthcare real estate. Their overall strategy is to prudently acquire high quality medical office properties nationwide. They are led by David Lynn, who held senior positions at Cole Real Estate Investments Inc., ING Clarion and AIG Global Real Estate. The joint-venture closed on June 22, 2016, with Salem Partners serving as the financial advisor to Everest MCP. Jeff Barcy, Managing Director of Salem Partners’ real estate investment banking group... (read more)
LOS ANGELES, CA July 27, 2016 -- Salem Partners is pleased to announce the successful completion of a large programmatic joint-venture in the real estate / medical office sector for its client, Everest Medical Core Properties (“Everest MCP”). The joint-venture is between Everest MCP and a major, U.S. based real estate private equity firm. Everest MCP is a national real estate operator / sponsor with significant experience investing in healthcare real estate. Their overall strategy is to prudently acquire high quality medical office properties nationwide. They are led by David Lynn, who held senior positions at Cole Real Estate Investments Inc., ING Clarion and AIG Global Real Estate. The joint-venture closed on June 22, 2016, with Salem Partners serving as the financial advisor to Everest MCP. Jeff Barcy, Managing Director of Salem Partners’ real estate investment banking group... (read more)
SALEM PARTNERS RAISES EQUITY AND DEBT FINANCING FOR $73.5 MILLION ACQUISITION OF TWO SITES IN HONOLULU, HI
LOS ANGELES, CA, March 7, 2016 -- Salem Partners is pleased to announce the raising of equity and debt financing for the $73.5 million acquisition of two adjacent sites in Honolulu, Hawaii located at 1488 and 1500 Kapiolani Blvd. Mana`olana Partners II partnered with an institutional investment fund to acquire the property from The Walgreens Boots Alliance (NASDAQ: WBA) on November 30th, 2015 and pursue entitlements for a high-rise, mixed-use residential development. Jeff Barcy, Managing Director of Salem Partners’ Real Estate Investment Banking practice, served as the exclusive financial advisor to Mana`olana Partners II, which is led by industry veterans Jim Ratkovich and Bill Witte. Salem successfully structured joint venture equity and debt financing that provided Mana`olana Partners II with... (read more)
LOS ANGELES, CA, March 7, 2016 -- Salem Partners is pleased to announce the raising of equity and debt financing for the $73.5 million acquisition of two adjacent sites in Honolulu, Hawaii located at 1488 and 1500 Kapiolani Blvd. Mana`olana Partners II partnered with an institutional investment fund to acquire the property from The Walgreens Boots Alliance (NASDAQ: WBA) on November 30th, 2015 and pursue entitlements for a high-rise, mixed-use residential development. Jeff Barcy, Managing Director of Salem Partners’ Real Estate Investment Banking practice, served as the exclusive financial advisor to Mana`olana Partners II, which is led by industry veterans Jim Ratkovich and Bill Witte. Salem successfully structured joint venture equity and debt financing that provided Mana`olana Partners II with... (read more)
SALEM PARTNERS ADVISES PAVE (PROPARK & PARKIT ENTERPRISES) IN $500 MILLION PARKING ACQUISITIONS JOINT-VENTURE
LOS ANGELES, CA, April 22, 2015 -- Salem Partners is pleased to announce the completion of a $500 million programmatic joint-venture in the real estate / parking sector for its client, Parking Acquisition Venture (PAVe). PAVe is a partnership between Propark America and Parkit and is a team of executives lifted from one of the largest national parking management companies with over 2,000 employees in approximately 500 locations across 13 states (more than 100,000 parking spaces managed). The transaction closed on April 22nd, 2015, and Jeff Barcy, Managing Director of Salem Partners’ Real Estate Investment Banking practice, served as the exclusive financial advisor to PAVe. Mr. Barcy and the Salem team led negotiations and leveraged a competitive capital markets process with multiple offers to enable PAVe to select the most suitable equity partner. Salem successfully structured joint venture financing for PAVe that provides significant equity to acquire parking assets totaling $500 million over the next three years. As part of this transaction, PAVe successfully... (read more)
LOS ANGELES, CA, April 22, 2015 -- Salem Partners is pleased to announce the completion of a $500 million programmatic joint-venture in the real estate / parking sector for its client, Parking Acquisition Venture (PAVe). PAVe is a partnership between Propark America and Parkit and is a team of executives lifted from one of the largest national parking management companies with over 2,000 employees in approximately 500 locations across 13 states (more than 100,000 parking spaces managed). The transaction closed on April 22nd, 2015, and Jeff Barcy, Managing Director of Salem Partners’ Real Estate Investment Banking practice, served as the exclusive financial advisor to PAVe. Mr. Barcy and the Salem team led negotiations and leveraged a competitive capital markets process with multiple offers to enable PAVe to select the most suitable equity partner. Salem successfully structured joint venture financing for PAVe that provides significant equity to acquire parking assets totaling $500 million over the next three years. As part of this transaction, PAVe successfully... (read more)