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Another busy month at Cogress Hagshama, we toured Birmingham AL, Columbus OH, Indianapolis IN, Dayton OH, and others, to evaluate potential projects and partners.

Recent Joint Venture Equity Investments Closings

Birmingham, AL – Homewood – Timberfalls – 176 units multifamily complex
Sponsor – Arcan Capital
Total Costs: $12,100,000
Cogress Equity: $2,600,000
Description: Acquisition of a 1979 vintage 176 units MF complex, renovation, increase NOI, and sale.
One of 4 JV with Arcan Capital

Williamsburg, Brooklyn, NY – 4 apartment buildings portfolio – 33 units residential and 2 units retail value add
Sponsor – Izhaki Acquisitions
Total Costs: $14,700,000
Cogress Equity: $4,500,000
Description: Acquisition of a 1910-1920 vintage 33 units residential, and 2 units retail 4 apartment buildings portfolio, renovation,
increase NOI, and sale.
One of 4 JV with the sponsor

JV Equity Exits – Recent Realized Investments and Dispositions

Knoxville, TN – Ashland Briarcliff & River hill – 80 Units 2 multifamily complexes value add
Sponsor – Lenox Companies
Total Costs: $10,300,000
Cogress Equity: $2,100,000
Description: Acquisition of a 1970’s vintage 80 units, 2 MF assets, renovation, increase NOI, and sale.
One of 16 JV with Lenox Companies

Knoxville, TN – Ashton Briarcliff – 160 Units multifamily complex value add
Sponsor – Lenox Companies
Total Costs: $18,500,000
Cogress Equity: $3,300,000
Description: Acquisition of a 1970’s vintage 160 units MF assets, renovation, increase NOI, and sale.
One of 16 JV with Lenox Companies

JV Equity at work – Value-add and Development updates

Houston, TX – Montrose – Portfolio of 128 units 3 multifamily complexes value add
Sponsor – CBMJ Investments
Total Costs: $11,600,000
Cogress Equity: $2,600,000
Description: Acquisition of a 1959-1965 vintage 128 units, 3 MF portfolio, renovation, increase NOI, and sale

Coral Springs, FL – Atrium Square – 180 units multifamily complex value add
Sponsor – KPC Properties
Total Costs: $46,000,000
Cogress Equity: $3,400,000
Description: Acquisition of a 1995 vintage 180 units MF complex, renovation, increase NOI, and sale
One of 3 JV with KPC Properties

Fort Lauderdale, FL – North Fort Gardens Apartments – 65 Units multifamily complex value add
Sponsor – KPC Properties
Total Costs: $8,000,000
Cogress Equity: $2,300,000
Description: Acquisition of a 1971 vintage 65 units MF complex, renovation, increase NOI, and sale
One of 3 JV with KPC Properties

Conroe, TX – Town Center – 77,000 SQFT Commercial / Retail center Ground up construction
Sponsor – Marcel Group
Total Costs: $20,300,000
Cogress Equity: $2,800,000
Description: Land acquisition, construction of a 77,000 SQFT commercial / retail center, lease up, stabilization, and sale

Branford, CT – Portfolio of 160 Units 3 multifamily complexes value add
Sponsor – Navarino Property Group
Total Costs: $17,900,000
Cogress Equity: $2,500,000
Description: Acquisition of a 1969-1998 vintage 160 units, 3 MF complexes portfolio, renovation, increase NOI, and sale

Cumulative Track Record

Culture bits from our HQ kitchen

The clock shows 1:00pm, Lunch time at our Tel-Aviv offices. Whereas in the U.S we go out for lunch or order a Seamless delivery, at our one of two communal kitchens knives are drawn, fresh vegetables are chopped, home cooked dishes are being warmed up, and our daily communal lunch is commencing.

During which we share dishes, stories, ideas, joke around and very often can’t help but “talk shop” about one of our newest joint ventures, team members asset tours, or gossips from the weekly investment committee. Deals we are committing to, and those which didn’t make the cut, the potential or new partners who impressed us the most and recent progress reports.

Whether we nod in agreement or agree to disagree, what binds us is the passion for what we do – seeking quality investments and sponsors for our investors, and providing a seamless and efficient unlimited equity for our joint ventures partners and deal makers.

Contact us

Gili Nasim
Head of Acquisitions & Business Development
Gili@kerenhagshama.co.il


Acquisitions & Business Development team

Roded Leviathan
Roded.Leviathan@cogresscapital.com

Nir Yakobovich
Nir@kerenhagshama.co.il

Daniel Gefen
daniel.gefen@cogresscapital.com

This newsletter does not constitute an offer to sell or the solicitation of an offer to purchase any securities and is for only the use of its recipients

Cogress 2018-09-04T06:37:01+00:00