NEW YORK–(BUSINESS WIRE)–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.
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.
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.