2015-11 Greenhall Capital Partners, LP Announces Definitive Agreement for the Purchase of two apartment buildings in the Mid-Atlantic
Washington, DC – Private investment firm Greenhall Capital Partners, LP today announced a definitive agreement to purchase two multi-family buildings in the mid-Atlantic, as it continues to add to its commercial real estate platform in the United States. Equity for the transaction, details of which were not disclosed, came from Greenhall Capital Real Estate (GCRE).
Otis Ofori, a Principal in Greenhall’s real estate group said, “This is an important transaction in the history of Greenhall and we are pleased to add these assets to our already growing portfolio of multi-family buildings we have purchased across the country.”
Mr. Ofori said in a statement, “Both buildings were purchased below replacement costs. This is simply a unique transaction for us and we continue to believe in the U.S. multi-family market. We are very happy to be buying these buildings and we will continue to be an excellent steward of our real estate assets.”
GCRE is the U.S. Real Estate platform for Greenhall, which seeks to acquire and invest in real estate assets and opportunities below $50 million in Washington, DC, New York City and opportunistic secondary markets in the Mid-Atlantic region. * * * * * About Greenhall Capital Partners, LP Greenhall Capital Partners is a private investment fund focused on real estate, special situation credit investing and taking equity positions through managed buyouts, growth capital investments and leveraged recapitalizations in lower middle market companies. We invest in opportunities below $50 million. Greenhall specifically targets sectors in Real Estate, Professional Services, and Information Technology. The firm is headquartered in Washington, DC and maintains an office in New York.