The complete history of this vehicle is available online. 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. 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. He is a physician and avid traveler, who enjoys spending time with his wife and their two children. We spent most of 2008 fundraising. 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. In late 2015, it was sold for $30 million. - Il y a un petit choc l'arrire, il sera rpar pour la vente Santosh Govindaraju has expanded the company's investment platform to include independent feature films. Govindaraju says the companys greatest success, though, was its turnaround of the Hyatt Regency Clearwater Beach Resort & Spa, on Clearwater Beach. Were still looking for opportunities, but its tougher, says Nik Sachdev, a Convergent Capital managing partner. But its a tough time to buy real estate.. 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. "Projects were cash starved. 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. One industry we're very bullish on is hospitality. I think well always try to be a bit contrarian and try to see where others math might be viewed as wrong, Govindaraju says. Tampa-based Convergent Capital Partners, a private real estate equity firm, has purchased Mercury Insurance Co-Floridas Clearwater office building in a $19.6 million deal. GoogleMaps. Here are all the details of Sax available below. Since 2008, Convergent has acquired over $400 million in performing / sub-performin g commercial mortgages and real estate. Sax Postal address. There, the company more than doubled operating profit in about three years, to just under $10 million, by executing a strategy that favored leisure travel over corporate business. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. 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. Linda Olson, president and co-founder of Tampa Bay WaVe, said the group has worked to overcome the challenge of finding funding for tech startups in a Tampa Bay business environment without rich venture capital sources. Location Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Web Design by Katapult Marketing. He is past President of the Asian American Chamber of Commerce. How has your investment strategy changed over the years? Harness, a company founded by Miraj Patel and Andrew Scarborough, will receive $1.2 million from a group of investors led by Santosh Govindaraju, CEO of Convergent Capital Partners, a real estate private equity firm in Tampa with $250 million in assets. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. Insurance intermediary registered with the ORIAS under the number 07023493. Born in New Zealand but having spent most his life locally, Anand, his wife and two children proudly call Tampa Bay home. 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. We care about your new community, and look forward to creating this special place for you. 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. - Idal pour une famille car fait pour 5 couchages Our main focus right now is on creating upside while limiting and protecting our downside. Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. Govindaraju says film investments can yield five- to 10-times the capital placed in them. And no matter what we do, we want to create a positive impact., Were going to maintain our sense of trustworthiness and loyalty, Sachdev says. He was recently honored for his medical services, and recognized as a top physician in Tampa Bay. People. Phonism is a cloud company that has developed tools allowing voice over Internet-Protocol phone service providers to reduce support costs. Santosh Govindaraju, Convergent Capitals CEO, says there are many similarities between the real estate business and filmmaking. One of our advantages is speed; it gives us a lot of advantage in this market. Want more of our free, weekly newslettersinyourinbox? Le gps est calibr en fonction des volumes du vhicule. His two children attend high school here, and he and his wife founded a charter high school for exceptional children. 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. . Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. 1115 Narmada Way, Wesley Chapel, FL 33543. We want to maintain relationships with all these people because they are dealmakers. Geographic Information regarding City of Sax. 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. Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. He is a member of Leadership Florida and the Committe of Foreign Relations. Among its better-known local holdings: the Hyatt hotel in Clearwater and the Knights Point center on Tampa's Harbour Island, home of the popular Jackson's Bistro and many now-vacant storefronts. current Chief Executive Officer, Santosh Govindaraju, CBI websites generally use certain cookies to enable better interactions with. 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. Key Facts. 2019 Anand Vihar LLC. 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. We want it to feed off the great urban location, to feed off what (Tampa Bay Lightning owner) Jeff Vinik is doing, to feed off the convention center. Thanks to our partner AutoViza, get it here in just one click. Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. 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. [Handout photo] By Times Staff Published. 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. 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. APR fixed at 4,96 %. 490 First Ave. South in downtown St. Petersburg was 46% occupied when Convergent and partner Denholtz Associates bought it. Our mission is to create a close knit active adult community where you feel right at home from the first moment you arrive! Legal notices So the core competencies are largely the same. 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. 147 Avenue De Lacaze-basse. Its hard to plan for the future when the real estate market appears to be at its peak, Sachdev says. But Govindaraju, who becomes a new member of the company's board of directors, said his share is a personal investment unconnected to Convergent. Dfaut arrire gauche non dtaill sur les photos, car l'assurance du propritaire changera neuf les lments "choc mineur. 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.. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Letsgetstarted. He is part of the leadership of USF Medical School and multiple hospitals in Tampa Bay. Our team has selected for you a list of hotel in Sax classified by value for money. We consider it an irreplaceable asset in an irreplaceable location, Sachdev says. Dimensions des pneumatiques conformes la monte d'origine : Prsence de fume anormalement importante l'chappement : Kilomtrage ou date du prochain entretien : Prsence d'-coups au passage des vitesses : Dfaut stipul en "portire arrire", ce sont des traces de goudron. Log In or Sign up to contact this investor. 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. 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. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. Want to contact the Administration of Sax? Convergent is eying another $50 million to $75 million in real estate it hopes to acquire within 12 months. g commercial mortgages and real estate. Subscribe to our free Business by the Bay newsletter. June 26, 2015 April 12, 2013 October 6, 2017 March 22, 2019 June 26, 2015 . 81710 SAIX. How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? Quelques renseignements complmentaires sur mon vhicule : French. 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. 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 m, Consumption : 11 By continuing to use this site you are consenting to these choices. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. What's Happening in #Tampa / #StPete: Convergent Capital Partners has purchased Mercury Insurance's Clearwater office building in a $19.6 million Liked by Santosh Govindaraju This is an. 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. In film, youre developing intellectual property, whereas in real estate, youre developing or investing in real property.. We sold it about six months ago and it was 90 percent occupied. One property Convergent Capital has turned around that it isnt prepared to part with at least not yet is The Pointe, on Tampas Harbour Island. . 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. 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. Book your hotel room at the best price. We really like Naples and Bonita Springs; it's a very strong kind of retirement community, and we like the demand drivers there. His wife and three sons are actively involved in the Indian community in Tampa. But we have invested in other areas and continue to look. We promise to provide you with quality, value and peace of mind. Nearly a decade ago, when then-newly formed Convergent Capital Partners began acquiring real estate with $10 million it had raised, the company's goal was simple. Were being careful, and only working with very strong operators. 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States. Mercury Insurance's office building at 1901 Ulmerton Road, Clearwater. We secure the sale between you and the seller. His wife and two sons love living in Tampa and spending time with their parents, future residents of Anand Vihar. Paragon, Mr. Govindaraju originated over $600 million in residential and commercial mortgage loans and repositioned / developed over $100 million of commercial real estate. 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 Example of loan financing over 161% months for this vehicle sold for 45 300,00, including tax and VAT: It was sold to a partnership led by Lincoln Property Co. late last year for $39.35 million, records show. Oceanic climate (Kppen climate classification: Cfb), Copyright 2023 DB-City - All rights reserved. Convergent Capital. 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. 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 . Another Tampa company, Phonism, founded by CEO Steve Lazaridis, is getting $350,000 from an investment group formed by Tampa attorney Rich McIntyre. Holding on to The Pointe could be especially important if Sachdev and Govindarajus beliefs about the current inflated state of the commercial real estate market prove true. Keith Bares Co-Founder, Investment Committee Member. 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. Convergent Capital Partners owns Knights Point , a. You have a legal retraction period of 14 days from the signing of your contract. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. Well break down the latest business and consumer news and insights you need to know every Wednesday. Santosh is responsible for sourcing the acquisitions, defining exit strategies, negotiating workouts, and overseeing strategy. He has built over 3500 homes, most recently 1700+ homes in Tampa Bay. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. Convergent Media was formed to invest in and produce independent films, and to date, the nascent firm has two credits to list entitled Bernie the Dolphin and a murder mystery called The Night Clerk with Tye Sheridan and Helen Hunt with a third now in production. When it sold late last year, it was more than 90% committed. Part of the Tampa-based companys shift has involved preferred equity lending, from a roughly $50 million unleveraged fund it closed in August 2017. By continuing to browse our site, you declare that you accept their use. When the company bought the former Shops at Harbour Island, at 601 S. Harbour Island adjacent to the Westin Tampa Harbour Island hotel, in August 2014 for $7.5 million, it was just 25% occupied, by restaurant Jacksons Bistro. Two Tampa technology startups will receive $1.5 million from angel investors in deals that the nonprofit startup incubator Tampa Bay WaVe helped shepherd by seeking capital from sources without a deep history in tech funding, the group said on Thursday. He is responsible for the strategic direction and growth of the company. What does a company formed to buy and turn around distressed commercial real estate properties do when there are few such properties to be had? "I intended to invest in tech startups in the late '90s, but I didn't find the market fit me because it was too speculative at the time," he said. Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. At 100 W. Kennedy Blvd., in downtown Tampa, Convergent Capital and Liberty Group paired up in May 2012 to acquire the former Mercantile Building from the Federal Deposit Insurance Corp. for $2.2 million. m, Height : 3,00 Seul la camra de recul sera contrle en mme temps que le test d'tanchit, car la vido ne se diffuse pas.

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