>>September Newsletter

What’s New September Newsletter
Happy Jewish New Year!

News

We are busy wrapping up the summer, forming new joint ventures – value adds and ground up construction projects, managing our projects and portfolio, evaluating new partnerships, and getting ready to the upcoming fall conventions in NYC, Phoenix, Washington D.C, Huntington Beach, Los-Angeles, Orlando and Atlanta. Contact our team to schedule a meeting in your area.

We are proud to announce an additional joint venture project raised through a prospectus

Kips Bay, Manhattan, NY – 100 Residential Units and Retail Space Condominium building Ground Up Construction
Sponsor – Minrav USA
Total Costs: $184,000,000
Cogress Equity: $15,500,000
Description: Description: Land acquisition, construction of a 35 floors, 100 residential units and 4000 SQFT of retail condominium building and sale
*As published in the prospectus of Hagshama Kips Bay Manhattan 1008 LP on 06.8.2018

JV Equity Exits -Recent Realized Investments and Dispositions

Atlanta, Marietta, GA – Cumberland Crossing – 286 Units Multifamily Complex Value Add
Sponsor – Crown Holdings Group
Total Costs: $23,500,000
Cogress Equity: $3,000,000
Description: Acquisition of a 1973 vintage 286 units MF complex, renovation, increase NOI and sale
One of 25 JV with Crown Holdings Group

JV Equity at Work– Value-add and Construction Updates

Portland, OR – Alkeny – 87 Units Micro Units Apartment Building Ground Up Construction
Sponsor – Koz Development
Total Costs: $12,900,000
Cogress Equity: $3,400,000
Description: Land acquisition, construction of a 87 micro units apartment building, lease up, stabilization and sale

Brooklyn Heights, Brooklyn, NY – 2 Mixed Use Assets 11 Residential & 2 Retail Units Value-add
Sponsor – Itzhaki Acquisitions
Total Costs: $8,500,000
Cogress Equity: $2,300,000
Description: Acquisition of two mixed use assets – 11 residential units and two retail spaces, renovation, increase NOI, and sale
One of 4 JV with Itzhaki Acquisitions

Chicago, IL – North Milwaukee Avenue – 30 Residential Units and Commercial Space Ground Up Construction
Sponsor – LG Development
Total Costs: $9,500,000
Cogress Equity: $2,000,000
Description: Land acquisition, construction of a 30 residential units and commercial space mixed use rental building , lease up, stabilization and sale

Denver, CO – Happy Canyon – 44,200 SQFT Retail Center Value Add
Sponsor – GDA Real Estate Services
Total Costs: $8,500,000
Cogress Equity: $3,000,000
Description: Acquisition of a 44,200 SQFT retail center, gut renovation, lease up, and sale
One of 10 JV with GDA Real Estate Services

Indianapolis, IN – Fort Wayne Ave – 80 Residential Units and Commercial Space Ground Up Construction
Sponsor – RDG
Total Costs: $16,500,000
Cogress Equity: $3,600,000
Description: Land acquisition, construction of a 80 residential units and commercial space mixed use rental building , lease up, stabilization, and sale

Cumulative Track Record

Hagshama/Cogress as a Fintech World leader – A chat with David Bruce (Global CIO) about future Technology and vision

Tell us a little bit about yourself
I grew up in Australia and moved to Israel in 1996. I am Married with 5 Children ranging in ages from 16 to 25. My experience spans 25 years in the financial technology sector. I have created and implemented financial and banking systems including banking internet and channels, international banking, Stock market systems and pensions and savings funds. I have Held senior positions (VP R&D and CIO) at companies such as Tata Consultancy Services (NSE: TCS), VERINT (NASDAQ: VRNT) and Matrix IT (MTRX : Tel Aviv).

How long have you been with Hagshama/Cogress and what are your responsibilities?
I have been at Hagshama/Cogress for the Past 2 years as the Global CIO. I manage the strategic process of Technology and decisions as well as data security and information systems. In addition, I am directly responsible for the Israeli headquarters IT department. Basically, I am responsible for making Hagshama/ Cogress into a true fintech technological powerhouse.

what is your vision for the company’s technology future?
I see Hagshama/Cogress as a Fintech World leader in its field! Whilst keeping the principle of “In Touch and In Technology”. This combines the best of the personal touch for sponsors and investors with the technology needed to provide a world class service/product. The company is currently undergoing a technology innovation and renewal phase. All of the company processes are being implemented and improved in a state-of-the-art system that will improve dramatically the efficiency between us and our partners/sponsors as well as allowing investors to easily access information and view and join investment opportunities.

Lastly – of your vast experience through your career, what makes Hagshama/ Cogress different and what is your personal experience with the firm
The company DNA is to honestly find for its investors the best opportunities possible. We think “business” and even when an investment goes off the track, Hagshama/Cogress will go the extra mile (or five) in order to find solutions and get the best outcome per reality influences. This, combined with the investment in Technology infrastructure will bring Hagshama/Cogress to the forefront of global Fintech companies in its field.

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 2018-09-06T05:16:50+00:00