Transwestern Investment Management announced Tuesday a first closing of Diversified International Partners, a private equity real estate fund. Transwestern is based in Houston. The Fund will invest in income-producing properties in the top markets across the U.S. including office, industrial, retail and multifamily, the firm said. Finesa Real Estate Group, General Partner of the Fund, retained TIM as the exclusive investment manager responsible for acquisitions, asset management and disposition of the Funds’ investments. Transwestern is based in Houston.
Transwestern Investment Management (TIM) today announced the first closing of Diversified International Partners, a private equity real estate fund developed primarily for Latin American institutional and qualified high net worth investors.
Finesa Real Estate Group, General Partner of the Fund, retained TIM as the exclusive investment manager responsible for acquisitions, asset management and disposition of the Funds’ investments. Finesa and TIM worked together to raise $70 million for the first closing in capital commitments. The first close included anchor commitments from three of Colombia’s pension funds. The total fund goal is $200 million.
The Fund will invest in income-producing properties in the top markets across the U.S. including office, industrial, retail and multifamily. TIM worked with the General Partner to offer investors a specific plan for investing in a portfolio customized to mitigate downside risk and achieve institutional investor return targets.
“We are targeting investments in U.S. markets that we know are the healthiest and fastest-growing in terms of job recovery,” commented Juan DeAngulo, managing director of TIM. “It’s a successful, positive strategy as we continue to emerge from the economic downturn.”
“Our partnership with Finesa has helped us reach our goal of becoming an international investment management platform,” said Laurie Dotter, president of TIM. Diversified International Partners marks the first time that Colombian Pension Funds have invested in real estate in the U.S. through this type of discretionary format. “We are excited about this historic milestone for TIM, Finesa and our institutional investors. Our goal is to continue broadening the reach of TIM’s best-in-class expertise.”
ABOUT FINESA REAL ESTATE GROUPFinesa Real Estate Group (“Finesa”) is a real estate private equity firm and operating company founded in 2002 and headquartered in Washington, DC’s metropolitan area. Finesa specializes in the acquisition, redevelopment and management of commercial assets. Historically, the firm has operated along the East Coast and Mid-West regions of the United States, with focus on multifamily and retail properties. By launching DIP in 2012, Finesa is now expanding its footprint nationally and across all four commercial asset classes: multi-family, retail, office, and industrial/flex properties.
Through its robust in-house capabilities, Finesa is able to deliver exceptional value to its investors, clients and employees. International investors seeking capital preservation investment opportunities back Finesa. The firm has consistently found attractively priced assets and excelled at managing capital for its investors.
ABOUT TRANSWESTERN INVESTMENT MANAGEMENTTranswestern Investment Management (“TIM”) is a privately-held, operationally independent investment advisory firm with the experience and capabilities to customize investment strategies to address changing risks and opportunities in the U.S. real estate markets. The firm is a subsidiary of Transwestern Investment Group, the real estate investment firm serving a broad range of clients through a diversified array of vehicles including separate accounts, joint ventures and programmatic funds.
The firm’s operating structure is designed to increase accountability, risk management and investment and asset management decision-making directly impacting the client’s investment objectives. Clients benefit from Transwestern’s national best-in-class services, access to penetrating local market insight and research, enhanced access to opportunities and superior local execution capabilities.