Ranieri Real Estate Partners LP (RREP), a real estate financial services company, is to acquire Occom Capital Partners, a boutique real estate investment banking and advisory firm based in New York and Portland, Maine. Terms were not disclosed. RREP also announced that it has established two new advisory services groups – Ranieri Real Estate Advisors and Ranieri Situs Solutions.
Ranieri Real Estate Partners LP (RREP), a real estate financial services company, today announced that it has established two new advisory services groups — Ranieri Real Estate Advisors and Ranieri Situs Solutions.
As part of the initiative, RREP also announced that it has signed a definitive agreement to acquire Occom Capital Partners, LLC, a boutique real estate investment banking and advisory firm based in New York and Portland, Maine. Terms were not disclosed.
Following completion of the acquisition, which is expected in the first quarter of 2012 upon receipt of certain regulatory approvals, Occom’s investment banking capabilities, including institutional capital raising, M&A advisory, and strategic planning, will become part of Ranieri Real Estate Advisors (RREA). Michael D. Coster, managing principal at Occom, will become president of Ranieri Real Estate Advisors, reporting to Jon Vaccaro, co-founder and CEO of Ranieri Real Estate Partners.
Ranieri Situs Solutions (RSS) will combine RREP’s capital markets experience with the deep resources and expertise of The Situs Companies (Situs) to offer complex analytics to third party clients. RSS will provide capital markets expertise and property specific valuation services to commercial real estate debt and equity investors — primarily banks, insurance companies, pension funds and regulators in the U.S. and Europe. RSS will be led by Debra Huddleston, managing director and head of real estate structured products at RREP and Steve Powel, president, North America at Situs. Helios AMC, an affiliate of RREP, acquired Situs in October 2011.
“With our unique combination of expertise, capital, robust teams and the Ranieri network, we believe RSS and RREA will bring real advantages to owners, operators, and investors as we assist them with real estate advisory and investment banking services,” said Vaccaro. “Both groups will hit the ground running, as RSS will benefit from the unparalleled Situs reputation for excellence, and as Occom brings its formidable pipeline of business and relationships to RREA. We all look forward to working with Michael as we develop these services and bring tangible benefits to clients seeking guidance and execution capabilities in commercial real estate from seasoned professionals.”
“We are very excited to join Ranieri Real Estate Partners at this pivotal time, as institutions looking to take advantage of trends in commercial real estate and develop long term strategies seek a trusted advisor with broad capabilities,” said Coster. “We look forward to contributing our expertise to RREP ’s breadth of offerings.”
About Ranieri Real Estate Partners LP
Ranieri Real Estate Partners LP (RREP), founded in 2010, is part of Ranieri Partners LLC, an investment management company focused on financial services opportunities. RREP provides global advisory, investment management and capital market solutions to participants throughout the commercial real estate spectrum. The founding partners are Jon Vaccaro, Eric Schwartz and Imran Ahmed. RREP is dedicated to serving as a valuable partner in all phases of commercial real estate ownership. RREP works with entities including owner/operators, financial institutions, and Government Sponsored Enterprises. The RREP team brings deep real estate industry expertise and leverages the intellectual capital of the broader Ranieri Partners platform.
About Occom Capital Partners
Occom Capital Partners provides real estate owners, managers, and investors with independent, quality advice on complex strategic and financial situations. Occom’s senior management possess a unique combination of capital markets advisory and principal investment skills gained over a combined 50 years of global commercial real estate experience. Occom Capital Partners, LLC is a registered broker dealer and is a member in the Financial Industry Regulatory Authority, Inc. (FINRA).
The Situs Companies is a leading provider of commercial real estate services and business solutions to the global financial services industry. Since 1985, clients have relied on Situs’ trusted insight and experience. Combining creativity, flexibility and strategic planning, Situs offers services including, real estate consulting, strategic real estate advisory, loan servicing and asset management, outsourcing solutions, brokerage services and technology solutions. Situs includes the operations of Helios AMC, a rated special servicer, which provides a full range of commercial real estate debt and equity management and investment services for opportunistic investors, financial institutions and portfolio lenders. Helios acquired Situs in October 2011 and the combined company was renamed The Situs Companies.