CLOSED | Joint Venture Equity for Multifamily Acquisition in Syracuse, New York
January 6, 2019
THE CAMPBELL TEAM has announced the closing of a JV equity raise to facilitate its clients acquisition of a 761 unit apartment complex located Syracuse, New York near Syracuse University. Carlton CEO Michael Campbell handled the transaction and led the capital raise along with Managing Director Steve Fenster.
The JV equity investment, aside from facilitating the acquisition, also includes the borrower’s plan to implement an extensive capital plan, which includes energy saving infrastructure improvements as well as a renovation to the apartments and common areas.
The equity investor is an overseas ultra high net worth investor and Campbell secured the equity on behalf of a successful family office with a strong presence in the Northeast United States.
Aside from arranging high leverage, creative debt solutions, Carlton specializes in accessing equity capital from high net worth, family office and balance sheet investors. Carlton prides itself on navigating complex transactions and providing creative solutions to facilitate transactions.
Michael Campbell – CEO