CanAm Capital Partners has invested $2.5 million in the renovation of 1375 Peachtree, an Atlanta-based office complex. The Dilweg Companies is sponsoring the office complex redevelopment project.
NEW YORK (PRWEB) MAY 31, 2019
CanAm Capital Partners (“CACP”), an affiliate of CanAm Enterprises, is pleased to announce that it has closed another private equity investment. CACP has invested $2.5 million in the renovation of 1375 Peachtree, a creative office complex in the Midtown submarket of Atlanta, GA with a project budget of approximately $104 million.
The office complex redevelopment project is being sponsored by The Dilweg Companies, a leading investor and operator of opportunistic and value-added, middle-market office assets in key markets in the Southeast U.S. The repositioning of 1375 Peachtree will convert the existing 8-story, 409,579 SF office building located at 1375 Peachtree Street in Atlanta’s Midtown neighborhood into a state-of-the-art office complex catering primarily to creative office space users. The project will leverage accelerating demand drivers in Atlanta’s premier technology corridor and creative office submarket.
“1375 Peachtree is truly an exceptional project with great potential and best-in-class sponsorship. We are thrilled to continue to bring unique investment opportunities to our investor base with whom we have established long-lasting relationships as a result of their prior experience investing with CanAm,” said John Reid, Director of Project Development at CanAm Capital Partners.
CACP is affiliated with CanAm Enterprises, a leading EB-5 regional center operator having raised and invested nearly $3 billion and with over $1 billion of capital repaid to more than 2,000 EB-5 investors to date. As such, CACP continues to provide select private investment opportunities with attractive risk-adjusted returns focused on geographies and assets where it has informational, operational, and other competitive advantages. CACP makes project-level capital investments with an average hold period of 3-5 years.
“CanAm Enterprises has built a great relationship with thousands of international investors who have already finished their EB-5 immigration process and had their capital repaid. We are very grateful and proud to continue to offer new investment opportunities to our international community beyond the EB-5 program,” commented Tom Rosenfeld, President and CEO of CanAm Enterprises.
About CanAm Capital Partners
CanAm Capital Partners, LLC (“CACP”) is a New York-based private equity investor, manager and advisor with a primary focus on real estate principal investment. CACP is an affiliate of CanAm Enterprises, the largest EB-5 lender in the United States. CACP and its affiliates have been involved as a principal or lender in transactions with an aggregate transaction value in excess of $2.8 billion in multiple markets across the U.S.