“While our main focus is investing in and placing equity for multifamily and hospitality projects and not retail per se, we felt the sponsor and this deal were so strong we immediately took it on and placed it through one of our Texas- based retail funds,” GenX Capital’s Managing Partner, Mark McClure stated.
In addition to Stark Companies, one of the top retail and multifamily developers in the United States, GenX has recently closed several deals with Millennia Companies, one of the Top 5 Multifamily owner/operators in the country with more than 30,000 units.
“While we are a boutique operation, the funds we deal with on a regular basis, both here in the U.S and abroad, allow us to handle much larger transactions and thus much larger clients then your typical boutique real estate investment banking firm. So we are fortunate to work with and be trusted by such industry leaders as Stark, Millennia and numerous others and hope to expand our presence into South America by mid-2018,” McClure added.
Drawing from various sources, including their own funds, GenX Capital Partners looks to provide equity and bridge debt from $2MM to $100MM into viable commercial real estate projects on a national basis, with primary focus on multifamily and hospitality.
Press Release Service by Newswire.com
Original Source: McClure, GenX Capital Partners Close Equity for $65MM Canton, OH Mall Acquisition
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