Submitters are 7x more likely to receive a qualified connection. This real estate private equity firm makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. It was a townhouse of 40 units developed near USF (University of South Florida) in Tampa. . With over 150 years of combined experience in Florida real estate, Convergent is a pre-eminent an Read More Contact Who is Convergent Capital Partners Headquarters Discover the benefits negotiated for you. Mr. Govindaraju also serves on the Board of Directors of Stageworks and on the Board of Trustees of Academy at the Lakes. CEO, Convergent Capital Partners Santosh Govindaraju is at the helm of a company poised to make its mark on Tampa Bay's two urban centers. The company's real estate holdings include among others 121 units in the 168-unit Legacy at Tampa condominium and 46 units at The Palms at Riviera Dunes in Palmetto. The risk there was that so-called group business often is more predictable, albeit at lower room and food and beverage rates, than individual travel. 05 63 74 71 76. International: +33 5 63 74 71 76. Anand Patel is president of Pangea Realty and Development Group. Nik Sachdev has been working as a Partner at Convergent Capital Partners for 15 years. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. A votre disposition pour tout renseignement complmentaire, About the leak test : il sera fait pour la vente, il est fait chaque anne, Date of last vehicle safety inspection : 11/10/2022, Date of last service performed : 03/10/2022. He has served as Chairman of the Board of Directors of the IndoUS Chamber of Commerce, and is past President of the Asian American Chamber of Commerce. 2 Place Jean-Jaurs. In the past 18 months, we've turned more to where we're building a real estate portfolio with Class A assets. The economy is picking up, and it's still a sector of real estate that hasn't completely come back yet in these secondary markets like Tampa. The dealer is mandated on a non-exclusive basis to assist in the execution of the credit agreement without acting as a lender, he has no power to grant or manage the credit. Santosh Govindaraju is a Founding Partner, Chief Executive Officer and Portfolio Manager at Convergent Capital Partners based in Tampa, Florida. Cables de charge (si vhicule lectrique) : Prsence de corrosion sur la carrosserie : Le vhicule procde un gps / camra de recul ajouts et laisss par le propritaire. Since founding the firm in September 2008 through 2014, Santosh has led the team in the acquisition of approximately $550 million in commercial real estate assets. Moving forward, the pair say that whatever the platform, they will invest with the principals that have guided them thus far. France. "But the focus for so many of these individuals and groups is real estate.". One of our advantages is speed; it gives us a lot of advantage in this market. Sax Localisation : Country France, Region Occitanie, Department Tarn.Available Information : Postal address, Phone number, Fax number, Website, Email address, Mayor, Geographical coordinates, Population, Altitude, Area, Weather and Hotel.Nearby cities and villages : Viviers-ls-Montagnes, Navs and Frjeville. Thanks to our partner AutoViza, get it here in just one click. Meet the NY billionaire building Tampa Bays tallest condo tower, This Clearwater Beach condo just sold for a record breaking $9.5 million. . Independent films win Oscars, Govindaraju says of the Academy Awards. Subscribe to our free Business by the Bay newsletter. Convergent Capital Partners previously purchased the 250,000-square-foot Tampa Bay Times HQ in St. Petersburg in 2016 and sold it two years later. He looks forward to his parents moving to Tampa and joining the Anand Vihar community. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. He adds that he was drawn to more independent films because they tend to gain more critical acclaim than blockbusters. Here are all the details of Sax available below. . He is responsible for the strategic direction and growth of the company. In an interview last week with the Tampa Bay Times, Sachdev discussed Convergent's beginnings, its investment strategy and why it's bullish on Tampa Bay. Convergent Capital Partners owns Knights Point , a. Krishna Nallamshetty and Seenu Sanka, long-time residents of Tampa Bay and local entrepreneurs, partnered with two of the leading real estate developers in Florida, Santosh Govindaraju, CEO of Convergent Capital Partners, and Eric Isenbergh, CEO of Oxford Homes, to turn their vision into a reality.. 24/7 technical support for vehicle operation. From 2008 to today, we have bought probably 50 mortgages and worked out 49 of them. Copyright 2023 CB Information Services, Inc. All rights reserved. Follow @susanskate. The borrower knows the asset best. At the beginning we were buying a lot of distressed notes and mortgages on big real estate projects hotels, apartment buildings, completed townhome projects, office projects where the borrowers were just too overleveraged. Fill out this form to learn more: Wikicampers acts as a trusted third party. 490 First Ave. South in downtown St. Petersburg was 46% occupied when Convergent and partner Denholtz Associates bought it. Mr. Govindaraju obtained a Bachelor of Science in Finance and Entrepreneurial Management from the Wharton School of the University of Pennsylvania and concurrently earned a B.A.S. Paragon, Mr. Govindaraju originated over $600 million in residential and commercial mortgage loans and repositioned / developed over $100 million of commercial real estate. Tampa Bay home sales are down. At the same time, the Tampa-based real estate equity firm burnished its reputation as a canny judge of attractive but underperforming properties throughout the bay area and as far away as Chicago, where it has a 200,000-square-foot suburban office building. His wife and three sons are actively involved in the Indian community in Tampa. We bought it when it was very, very distressed, and put a lot of resources and money into it, and now it's a thriving apartment community that was 15 percent occupied when we bought it. . Phonism is a cloud company that has developed tools allowing voice over Internet-Protocol phone service providers to reduce support costs. Sax Fax number. The concept of Anand Vihar originated when two good friends envisioned creating a community where their parents could enjoy a vibrant, yet serene lifestyle in a close-knit community, while living in the best retirement city in the US. He serves on the board of directors of the IndoUS Chamber of Commerce, the board of directors of Asian American Chambers of Commerce of Tampa Bay, the board of directors of Chinmaya Mission Tampa Bay, and the board of trustees at Academy of the Lakes, all of which are in Florida. - Porte-vlo pour 2 vlos Convergent is a pre-eminent and dominant player in Florida's real estate markets. He has built over 3500 homes, most recently 1700+ homes in Tampa Bay. He is responsible for the strategic direction and growth of the company. Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. We sold it about six months ago and it was 90 percent occupied. Keith Bares Co-Founder, Investment Committee Member. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Our mission is to create a close knit active adult community where you feel right at home from the first moment you arrive! Affected credit from 5,000 to 120,000 subject to acceptance by Cofidis SA Directoire et conseil de surveillance au capital de 67 500 000 . Conditions in force on 01/01/2021. But with years of tourist gains statewide and a laser-like marketing campaign by state and regional officials, Clearwater Beach has become one of Floridas most widely-visited tourist destinations. Such was the case at 490 First Ave. South, in downtown St. Petersburg, where Convergent Capital partnered with New Jersey-based office specialist Denholtz Associates. Convergent Medias goals go beyond recognition, however. m, Height : 3,00 Tampa investors buy Mercury Insurance Building on Ulmerton, Knights Point on Harbour Island lands large office tenant, Convergent Capital buys former Universal Health Care building in downtown St Petersburg. I think well always try to be a bit contrarian and try to see where others math might be viewed as wrong, Govindaraju says. Why are real estate prices still rising? Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. He is past President of the Asian American Chamber of Commerce. Santosh and his firm, Convergent Capital Partners, have been providing equity and debt investment options in a variety of Florida commercial real estate for over 17 years. The investment group, which seeks value-add, opportunistic and specialty situation investments, has made numerous significant investments in the local market in acquiring office buildings, retail centers and apartments. Dr. Nallamshetty is a Florida native and has been an active member of the Tampa community for over 10 years. Book your hotel room at the best price. Convergent Capital Partners assumed a $9.8 million mortgage through Mercury Insurance for the property purchase. Obviously, we want more restaurant concepts and more offices. Oceanic climate (Kppen climate classification: Cfb), Copyright 2023 DB-City - All rights reserved. Le gps est calibr en fonction des volumes du vhicule. It was a risky move to focus on leisure travel, but one we felt could be worth it, based on all our research, and it paid off, Govindaraju says. By continuing to use this site you are consenting to these choices. Santosh Govindaraju, CEO of Convergent Capital Partners in Tampa Nola Laleye By Ashley Gurbal Kritzer - Real Estate Editor, Tampa Bay Business Journal Jul 27, 2018 In the back of his. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. Eric Isenbergh Mr. Isenbergh brings a wealth of building experience to Anand Vihar. 4600 W. Cypress Street Suite 120 Tampa, Florida 33607 USA Email: santosh@convergentcap.com: Office Phone (813) 386-4906 "They can grow rapidly with relative ease," Govindaraju said of Harness. Insurance intermediary registered with the ORIAS under the number 07023493. But its a tough time to buy real estate.. Today, the 113,000-square-foot urban retail and office center is 97% committed, following a $15 million renovation and leases with Physicians Partners, Total Quality Logistics, American Social and others. Well-located properties, history has shown, always come back the quickest from any downturn, and theres a recognition on our part that you have to pay a premium for that at present., "Our main focus right now is on creating upside while limiting and protecting our downside." We are passionate about creating a strong, supportive community with excellent amenities. Santosh Govindaraju, Convergent Capital Partners LLC: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas,. APR fixed at 4,96 %. Santosh Govindaraju is the Portfolio Manager of Convergent Capital Partners LLC, a real estate private equity firm focused on opportunistic real estate investments primarily in Florida. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. We see a lot of room for growth and we want to be part of it. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. Convergent Capital Partners. Nik Sachdev, Managing Director, Convergent Capital Partners. Mr. Govindaraju began his career at Lehman Brothers in New York as a trader of fixed income derivatives, including various U.S. Dollar interest rate products such as swaps, caps and floors. Its a very time-intensive business, but its also fun and rewarding, he says. Sax Phone number. Seul la camra de recul sera contrle en mme temps que le test d'tanchit, car la vido ne se diffuse pas. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. Santosh Govindaraju, Convergent Capitals CEO, says there are many similarities between the real estate business and filmmaking. While the privately owned company doesn't talk about returns on individual investments, "we've been successful in all projects to date," Sachdev says. Web Design by Katapult Marketing. We promise to provide you with quality, value and peace of mind. At. Mr. Govindaraju was named Indo-US Chamber of Commerce Businessman of the Year for 2002. Focusing on development and the turnaround of commercial real estate projects, Santosh has applied his creative vision in the investment of over $1 billion of both equity and debt in commercial real estate throughout the United States. Since 2008, when the economy teetered dangerously close to collapse, Convergent has acquired more than $460 million worth of mortgages and real estate including hotels, gas stations, medical offices, luxury condos and even a golf course. Santosh is responsible for sourcing the acquisitions, defining exit strategies, negotiating workouts, and overseeing strategy. 81710 SAIX. One industry we're very bullish on is hospitality. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. We love the Tampa Bay market, St. Pete included. Mr. Isenbergh brings a wealth of building experience to Anand Vihar. Here are all the details of Sax available below. But we have invested in other areas and continue to look. Well break down the latest business and consumer news and insights you need to know every Wednesday. In 2008 and 2009, we were invested in multifamily (housing), but that became so overheated we got out. With over 150 years of combined experience in Florida real estate, Convergent is a pre-eminent and dominant player in Florida's real estate markets. By continuing to browse our site, you declare that you accept their use. French. Get a quote for your financing plan in just a few clicks. 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. Sachdev says Convergent Capital has invested in multifamily deals in markets like Portland and Sacramento, Calif., select-service hotels and is taking a hard look at senior housing opportunities nationwide. Other previous investments include the 250-room Hyatt Regency Clearwater Beach Spa and Resort, which it purchased in 2013 and sold in 2016 for $120.5 million. The companys biggest investment move, however, has been completely outside of real estate and into filmmaking. Weve gone from acquiring bank notes to making direct investments in properties to making preferred equity deals, he says. Santosh Govindaraju has expanded the company's investment platform to include independent feature films. After Tampa Bay WaVe connected him to Harness, he reconsidered his reluctance. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. The California-based insurance company purchased the building in 2005 for approximately $24.88 million. Such was the case at 490 First Ave. South, in downtown St. Petersburg, where Convergent Capital partnered with New Jersey-based office specialist Denholtz Associates. You can read more about your cookie choices at our privacy policyhere. The good thing is it's well located, there are multiple uses for that property and we just want to make sure we do the right thing. He is a physician and avid traveler, who enjoys spending time with his wife and their two children. Santosh is a member the Samuel Zell and Robert Lurie Real Estate Center at the Wharton School of the University of Pennsylvania, The Committee on Foreign Relations, and Leadership Florida. Founded in 1999, Convergent Capital is an SBIC fund manager dedicated to being a valued resource to lower middle market companies with capital needs. Key Facts. site you are consenting to these choices. Then we bought a large apartment complex of over 150 units in the USF area, the St. Moritz. Govindaraju says the companys greatest success, though, was its turnaround of the Hyatt Regency Clearwater Beach Resort & Spa, on Clearwater Beach. Convergent Capital Partners is an aggressive buyer of debt, which is currently valued at $250 million. Santosh Govindaraju, CEO; View Website. Its a question the principals at Convergent Capital Partners have been asking a lot of late, as commercial real estate values have soared and turnaround prospects have dimmed. Because we know were only as good as our last deal.. Log In or Sign up to contact this investor. His two children attend high school here, and he and his wife founded a charter high school for exceptional children. The Universal Health Care building, we were able to buy 130,000 square feet in the heart of St. Petersburg for below replacement cost when St. Petersburg is growing phenomenally. There are a lot of firms in Florida that bought mortgages with the intent to foreclose and own the asset, and they've done very well, but our focus wasn't that. Convergent Capital Partners has 1 fund, including CCP Fund I LLC. Santosh Govindaraju, Chief Executive Officer, Convergent Capital Partners 109 N. Brush Street, Suite 260 Tampa, Florida 33602 Phone: (813) 280-2000 Fax: (813) 200-2001 Web Accessibility That allows you to attract the best talent because anyone who goes into filmmaking aspires to win an Oscar.. Roughly $13 million in renovations and leases with Times Publishing Co., Bank of the Ozarks, Taylor Media and L3 Technologies later, the eight-story building topped 90% in occupancy. Focusing on development and the turnaround of commercial real estate projects, Santosh has applied his creative vision in the investment of over $1 billion of both equity and debt in commercial real estate throughout the United States. Knights Point is one of the few remaining waterfront sites in Tampa that is not as fully developed as it should be. His wife and three sons are actively involved in the Indian community in Tampa. But Govindaraju, who becomes a new member of the company's board of directors, said his share is a personal investment unconnected to Convergent. - Il y a un petit choc l'arrire, il sera rpar pour la vente You last contacted this investor on . We use cookies to improve and personalize your browsing experience, analyze our traffic, and provide social networking features. GoogleMaps. A University of Michigan graduate and a former banker, Sachdev, 35, started Convergent with partners Santosh Govindaraju, 38, who began his career trading fixed-income derivatives, and Paul Beraquit, the "on the ground" partner who handles the physical aspects of their real estate deals. As in real estate development, my job as an executive producer is to be a creative force and to pay attention to the details day-to-day, Govindaraju says. All Rights Reserved. P Read More Contact Santosh Govindaraju's Phone Number and Email Last Update 3/9/2023 4:04 AM Email s***@convergentcap.com Engage via Email Contact Number (813) ***-**** Engage via Phone Mobile Number
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