>>March Newsletter

What’s New March Newsletter

Welcome to our March Newsletter, keeping you informed of news, investments and successes by Cogress.

Recent Joint Venture Equity Investments Closings

Indianapolis, IN – 80 Units and commercial space development
Sponsor – RDG
Total Costs: $16,500,000
Cogress Equity: $3,600,000
Description: Land Acquisition, construction, leasing, stabilization and sale

Chicago, IL – 30 Units and commercial space development
Sponsor – LG Development Group
Total Costs: $9,500,000
Cogress Equity: $2,000,000
Description: Land Acquisition, construction, leasing, stabilization and sale

GA – Atlanta – Sandy Springs – 102 Units MF complex
Sponsor – Arcan Capital
Total Costs: $13,500,000
Cogress Equity: $2,600,000
Description: Acquisition, renovation, increase NOI, and sale
Our 3rd JV with Arcan Capital

Exits

FL 12 – Florida coast MF portfolio
Pompano Beach – 46 units MF complex
West Palm Beach – 78 units MF complex

Sponsor – KPC Properties
Acquisition, Value add, Disposition
This is our 3rd Joint Venture and 1st exit with the sponsor KPC

Atlanta 2 – Southern Pines – 373 Units MF complex
Sponsor – Crown Holdings
Acquisition, Value add, Disposition
This is our 23rd Joint Venture and 12 exits with the sponsor Crown Holdings

Cumulative Track Record

Partners spotlight

Steve O’Brien – Arcan Capital – Marietta GA

Arcan Capital was founded two years ago by Jeremy Lantz and Steve O’Brien and is focused on value add investments in Multifamily residential properties in Southeastern U.S. Arcan is fully integrated with 80 full time payroll employees including leasing and maintenance staff. Arcan’s strategy is to source assets in which the management or property can be repositioned, and substantial value can be added. Based in Marietta in GA, Arcan is active in Alabama, North and South Carolina, Florida, Georgia and Tennessee.

How did you hear about Cogress / Hagshama?
Arcan was Introduced through another partner – Majority Capital.

What was your experience with Cogress / Hagshama been like?
We have Finished our 3rd joint venture together and planning to exit the first deal by the end of the year. I appreciate the professionalism, clear strategy and underwriting process from top to bottom and clear level of expectation in terms of deal type and investment profile. There is plenty of capital these days, and I get a lot of phone calls, but knowing that when the acquisition team look you in the eye saying that they like a deal that it will actually materialize makes my work easier as a sponsor enabling me to focus on sourcing and executing deals. When I come across deals it is easy to know which will be a good fit for Cogress/Hagshama. They are very straight forward, consistent and reliable which is the only way a business partnership of this type can succeed.

News

Private Equity Summit, Los Angeles

We enjoyed meeting potential partners and deal makers in Los Angeles at the Private Equity Summit, and touring our nation’s capital with D.C’s leading flex / industrial potential partners.

Investment criteria update

Logistics and light industrial – We are actively looking for JV opportunities in industrial flex and logistics. Please contact our team for details

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 2018-09-04T07:49:52+00:00