2015-08 Greenhall Capital Partners, LP closes on second Multi-Family property in the Northeast
Washington, DC – Private investment firm Greenhall Capital Partners, LP today announced the closing of another multi-family asset, which was acquired in Q4 2014. Equity capital for the transaction, terms of which were not disclosed, will come from Greenhall Capital Real Estate (GCRE), Greenhall’s U.S. Real Estate platform. The acquisition increases the size of Greenhall’s commercial portfolio.
“Greenhall has been successful in acquiring assets with good underlying potential and transforming them into cash-flow positive properties, as was the case with its prior acquisition in the Northeast, representing another opportunistic investment in the post-financial crisis era” said Otis Ofori, Greenhall Principal and member of the U.S. Real Estate platform.
He went on to say, “We are excited to reach another agreement to buy in a secondary real estate market from some of the smartest real estate owners around. This is a great outcome for our investors and validates our opportunistic approach.”
GCRE is the U.S. Real Estate platform for Greenhall, which seeks to acquire and investment 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 and companies for sale with revenues below $50 million, EBITDA from $1 million to $15 million and operating margins in excess of 15%. Greenhall specifically targets companies in Professional Services, Consumer, Industrial, Education, Healthcare and Information Technology. The firm is headquartered in Washington, DC and maintains an office in New York.
