ASSIGNMENT

 

Hodes Weill Securities, LLC acted as exclusive financial advisor to the Pritzker Realty Group in connection with a US$300 million capitalization of a programmatic joint venture. Pritzker Realty Group, an experienced multifamily investor and developer, was seeking a partner to execute a build-to-core strategy for multifamily assets in high growth and high barrier to entry markets with best in class regional operating partners.

 

OUTCOME/RESULTS

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Hodes Weill capitalized on the unique aspects of the opportunity: strong sponsorship; attractive joint venture agreements with established operating partners; significant sponsor commitment and attractive seed assets. While initially targeting a consortium of investors, one prominent U.S.-based public pension fund opted to pursue the opportunity and capitalized the venture alone. The joint venture was capitalized by a U.S.-based public pension fund.