. Convergent Capital Partners focuses on what's next In 2008 and 2009, we were invested in multifamily (housing), but that became so overheated we got out. Send Message. Get a quote for your financing plan in just a few clicks. Information on the people and the population of Sax. Santosh Govindaraju - Biography - IMDb From 2008 to today, we have bought probably 50 mortgages and worked out 49 of them. Convergent Capital is working to install a boardwalk and 50-slip marina on the property, and next year, Jacksons Bistro is slated to begin a major overhaul of its restaurant, which combined will likely add even greater value. Drs. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. Another Tampa company, Phonism, founded by CEO Steve Lazaridis, is getting $350,000 from an investment group formed by Tampa attorney Rich McIntyre. We love the Tampa Bay market, St. Pete included. There are a lot of different options we can pursue there. Founded in 1999, Convergent Capital is an SBIC fund manager dedicated to being a valued resource to lower middle market companies with capital needs. There are a lot of firms in Florida that bought mortgages with the intent to foreclose and own the asset, and they've done very well, but our focus wasn't that. Santosh Govindaraju - Florida Developer Applies Wall Street - LinkedIn 2019 Anand Vihar LLC. 490 First Ave. South in downtown St. Petersburg was 46% occupied when Convergent and partner Denholtz Associates bought it. Calling all real estate enthusiasts! Convergent Capital Partners. 30 years later in Tampa, USF friends make Hollywood dreams come true, How a gay bar made downtown Dunedins business culture bloom, No charges filed in the shooting death of 19-year-old University of Tampa student, You know what, guns actually do kill people | Letters, Seminole Heights serial killings case ends with guilty plea, 4 life sentences, Tampa voters pick Maniscalco for District 2 City Council, Top Tampa Bay area events for the week of April 24-30, Tampa Bay office buildings add perks, in part to attract millennials. Santosh Govindaraju is the Portfolio Manager of Convergent Capital Partners LLC, a real estate private equity firm focused on opportunistic real estate investments primarily in Florida. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Paul Erdman - Chief Exec.. - Convergent Capital Partners - ZoomInfo We want to sit down with our team and officials in St. Pete and work on a plan that would be successful for everyone. Affected credit from 5,000 to 120,000 subject to acceptance by Cofidis SA Directoire et conseil de surveillance au capital de 67 500 000 . When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. Because we know were only as good as our last deal.. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. We care about your new community, and look forward to creating this special place for you. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. Since 2008, the privately owned company has acquired more than $460million worth of mortgages and real estate. A University of Michigan graduate and a former banker, Sachdev, 35, started Convergent with partners Santosh Govindaraju, 38, who began his career trading fixed-income derivatives, and Paul Beraquit, the "on the ground" partner who handles the physical aspects of their real estate deals. "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Why did you want mortgages instead of the actual property? Born in New Zealand but having spent most his life locally, Anand, his wife and two children proudly call Tampa Bay home. Tampa Bay home sales are down. Since 2008, when the economy teetered dangerously close to collapse, Convergent has acquired more than $460 million worth of mortgages and real estate including hotels, gas stations, medical offices, luxury condos and even a golf course. CEO, Convergent Capital Partners Santosh Govindaraju is at the helm of a company poised to make its mark on Tampa Bay's two urban centers. Such was the case at 490 First Ave. South, in downtown St. Petersburg, where Convergent Capital partnered with New Jersey-based office specialist Denholtz Associates. We want it to feed off the great urban location, to feed off what (Tampa Bay Lightning owner) Jeff Vinik is doing, to feed off the convention center. Our mission is to create a close knit active adult community where you feel right at home from the first moment you arrive! Santosh Govindaraju has expanded the company's investment platform to include independent feature films. Seul la camra de recul sera contrle en mme temps que le test d'tanchit, car la vido ne se diffuse pas. Help We consider it an irreplaceable asset in an irreplaceable location, Sachdev says. How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? We bought it when it was very, very distressed, and put a lot of resources and money into it, and now it's a thriving apartment community that was 15 percent occupied when we bought it. Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. He adds that he was drawn to more independent films because they tend to gain more critical acclaim than blockbusters. You have a legal retraction period of 14 days from the signing of your contract. Mr. Govindaraju also serves on the Board of Directors of Stageworks and on the Board of Trustees of Academy at the Lakes. As in real estate development, my job as an executive producer is to be a creative force and to pay attention to the details day-to-day, Govindaraju says. Nik Sachdev - Partner - Convergent Capital Partners | ZoomInfo And no matter what we do, we want to create a positive impact., Were going to maintain our sense of trustworthiness and loyalty, Sachdev says. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. The dealer is mandated on a non-exclusive basis to assist in the execution of the credit agreement without acting as a lender, he has no power to grant or manage the credit. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. The concept of Anand Vihar originated when two good friends envisioned creating a community where their parents could enjoy a vibrant, yet serene lifestyle in a close-knit community, while living in the best retirement city in the US. "Projects were cash starved. Legal notices What has not changed, in addition to its investment discipline, is Convergent Capitals desire to work with best-in-class operating partners to generate successful investments. June 26, 2015 April 12, 2013 October 6, 2017 March 22, 2019 June 26, 2015 Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. APR fixed at 4,96 %. Govindaraju, who spent three months studying the business at the University of California at Los Angeles famed film school, says he now spend roughly one quarter of his time on the media concern. . Meet the NY billionaire building Tampa Bays tallest condo tower, This Clearwater Beach condo just sold for a record breaking $9.5 million. By continuing to use this site you are consenting to these choices. Made in the Basque Country. Mr. Isenbergh brings a wealth of building experience to Anand Vihar. Convergent is eying another $50 million to $75 million in real estate it hopes to acquire within 12 months. We really like Naples and Bonita Springs; it's a very strong kind of retirement community, and we like the demand drivers there. One property Convergent Capital has turned around that it isnt prepared to part with at least not yet is The Pointe, on Tampas Harbour Island. Follow @susanskate. Focusing on development and the turnaround of commercial real estate projects, Santosh has applied his creative vision in the investment of over $1 billion of both equity and debt in commercial real estate throughout the United States. But its a tough time to buy real estate.. Krishna Nallamshetty and Seenu Sanka, long-time residents of Tampa Bay and local entrepreneurs, partnered with two of the leading real estate developers in Florida, Santosh Govindaraju, CEO of Convergent Capital Partners, and Eric Isenbergh, CEO of Oxford Homes, to turn their vision into a reality.. Tampa investors buy Mercury Insurance Building on Ulmerton, Knights Point on Harbour Island lands large office tenant, Convergent Capital buys former Universal Health Care building in downtown St Petersburg. our sites and services. When the company bought the former Shops at Harbour Island, at 601 S. Harbour Island adjacent to the Westin Tampa Harbour Island hotel, in August 2014 for $7.5 million, it was just 25% occupied, by restaurant Jacksons Bistro. site you are consenting to these choices. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. Location Driven | Business Observer When it sold late last year, it was more than 90% committed. Learn more. In the past 18 months, we've turned more to where we're building a real estate portfolio with Class A assets. . Well-located properties, history has shown, always come back the quickest from any downturn, and theres a recognition on our part that you have to pay a premium for that at present., "Our main focus right now is on creating upside while limiting and protecting our downside." This real estate private equity firm makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. 81710 SAIX. Focusing on development and the turnaround of commercial real estate projects, Santosh has applied his creative vision in the investment of over $1 billion of both equity and debt in commercial real estate throughout the United States. 2 Place Jean-Jaurs. His wife and three sons are actively involved in the Indian community in Tampa. g commercial mortgages and real estate. Sax Postal address. He is responsible for the strategic direction and growth of the company. Santosh Govindaraju - INDO-USINDO-US Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. Tampa-based Convergent Capital Partners, a private real estate equity firm, has purchased Mercury Insurance Co-Floridas Clearwater office building in a $19.6 million deal. Vente CHAUSSON WELCOME Sax, Occitanie (81) - Wikicampers All Rights Reserved. Santosh Govindaraju - TotalCommercial.com Mr. Govindaraju graduated from the University of Pennsylvanias prestigious Jerome Fisher Program in Management and Technology (M&T), with a Bachelor of Science in Economics with concentrations in Finance and Entrepreneurial Management from the Wharton School and a Bachelor of Applied Science in Systems Engineering from the School of Engineering & Applied Science and minors in Theatre Arts, Mathematics, and South Asian Studies. Convergent Capital. The investment group, which seeks value-add, opportunistic and specialty situation investments, has made numerous significant investments in the local market in acquiring office buildings, retail centers and apartments. "Now, it's a different world.". Insurance intermediary registered with the ORIAS under the number 07023493. So the core competencies are largely the same. Today, the 113,000-square-foot urban retail and office center is 97% committed, following a $15 million renovation and leases with Physicians Partners, Total Quality Logistics, American Social and others. Keith Bares Co-Founder, Investment Committee Member.
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