>>October Newsletter

What’s New October Newsletter

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We are back from a month long of holidays, reflection on past successes and working on new exciting investment vehicles that will stream line our Joint Venture investments. Stay tune for upcoming announcements for 2019.

We enjoyed reconnecting with multifamily operators, developers, vendors and deal makers at the Dallas Interface Multifamily convention, and we are getting ready to the upcoming 2018 NMHC OPTECH Conference & Exposition in Orlando, FL.

Get in touch with our team to set up a meeting.

Recent Joint Venture Equity Investments Closings

Portland, OR – Koz on N Killingsworth – 88 units residential and 2,400 SQFT retail student housing complex ground up development
Sponsor – Koz Development
Total Costs: $14,300,000
Cogress Equity: $3,000,000
Description: Land acquisition, construction of a 88 units residential and 2,400 SQFT retail, student housing complex.
One of two JV with Koz Development

JV Equity Exits – Recent Realized Investments and Dispositions

Kansas City, MO – Maple Hills Apartements – 455 units residential multifamily complex value add
Sponsor – Lenox Investments Ltd
Total Costs: $22,800,000
Cogress Equity: $3,000,000
Description: Acquisition of a 1970’s MF complex, renovation, Increase NOI, and sale
One of 16 JV with Lenox Investments Ltd

JV Equity at Work – Value-adds and Ground-up Construction Updates

New Hope, PA – Rabbit Run Creek – 37 townhomes ground up construction
Sponsor – Scannapieco Development Corporation
Total Costs: $45,800,000
Cogress Equity: $8,800,000
Description: Land Acquisition, construction of 37 residential Townhomes, and sale

Fort Worth, TX – The Dylan – 227 units residential and retail space multifamily complex ground up construction
Sponsor – ArchCo Residential & Realty
Total Costs: $42,800,000
Cogress Equity: $8,300,000
Description: Land acquisition, construction of 227 units residential and 12,000 SQFT commercial space, mixed use complex; lease up, stabilization, and sale

Little Rock, AR – Steeplechase Apartments – 128 units residential multifamily complex value add
Sponsor – Lenox Investments Ltd
Total Costs: $7,100,000
Cogress Equity: $1,700,000
Description: Acquisition of a 2000 vintage 128 units MF complex, renovation, increase NOI, and sale
One of 16 joint ventures with Lenox Companies

Topeka, KS – Prospect Apartments and Hillside Apartments – 160 units residential two multifamily complexes value add
Sponsor – Lenox Investments Ltd
Total Costs: $6,600,000
Cogress Equity: $2,100,000
Description: Acquisition of a 1973 1978 vintage 160 units MF complexes, renovation, increase NOI, and sale
One of 16 joint ventures with Lenox Companies

Cumulative Track Record

JV Partners Spotlight – The Power of Listening

Unlike debt, joint venture partnerships are often compared to marriage, and like in any relationship, listening is key. From the very first stage of pitching a deal, both sides asses fit, and the quicker we can truly understand the other side needs and perspective, the better equipped we are to build a long-lasting fruitful relationship. As joint venture equity partners, we value partners who take time to understand our investment criteria and process in detail, and present pertinent potential opportunities without trying to forcefully fit it to our box, but rather to highlight the shortcomings as we well as the fit. Building relationship is all about bridging gaps and building trust. That holds true with potential partners, capital markets brokers, and our employees. We are not perfect, but our transparency enables us to overcome obstacles while working with our partners, and we constantly strive to get better.

Stay tuned for new investment vehicles we are launching 2019

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 2018-11-16T03:11:48+00:00