But its a tough time to buy real estate.. Sax Fax number. 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. 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. Made in the Basque Country. Mr. Govindaraju was named Indo-US Chamber of Commerce Businessman of the Year for 2002. You can read more about your cookie choices at our privacy policyhere. Convergent Capital Partners. Letsgetstarted. Keith Bares Co-Founder, Investment Committee Member. We use cookies to improve and personalize your browsing experience, analyze our traffic, and provide social networking features. With its recent purchase of Universal Health Care's former headquarters, Convergent Capital Partners instantly established itself as an important player in downtown St. Petersburg's torrid office market. 1115 Narmada Way, Wesley Chapel, FL 33543. 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. Its hard to plan for the future when the real estate market appears to be at its peak, Sachdev says. We want to maintain relationships with all these people because they are dealmakers. We promise to provide you with quality, value and peace of mind. Do you expect more investments in the Tampa Bay area? Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. "Projects were cash starved. Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. 2019 Anand Vihar LLC. Conditions in force on 01/01/2021. From growth, acquisition, and recapitalization situations, we approach every funding project as a unique opportunity to help make a difference in small businesses, their people, and communities. Geographic Information regarding City of Sax. Its been a great story since we bought it.. Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh Govindaraju. Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. In late 2015, it was sold for $30 million. 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. Convergent Capital Partners Tampa, Florida, United States 520 followers 500+ connections Join to view profile SAGE Development Group About I am currently pursuing my Master's of Science in. Learn more. Subscribe to our free Business by the Bay newsletter. 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. Why are real estate prices still rising? 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 . Quelques renseignements complmentaires sur mon vhicule : l/100km. . Copyright 2023 CB Information Services, Inc. All rights reserved. Want more of our free, weekly newslettersinyourinbox? We have a highly skilled team with over 60 years of combined experience. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. ORIAS N 07023493 (www.orias.fr). 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. He is an award-winning builder who has been involved with over 40 major real estate developments in Florida. Harness has developed an app allowing users to "round-up" credit or debit card purchases with the change automatically donated back to their favorite charity. 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. 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. m, Consumption : 11 Weather forecast for the next coming days and current time of Sax. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. 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. Were being careful, and only working with very strong operators. Santosh graduated from the University of Pennsylvania's prestigious Jerome Fisher Program in Management and Technology (M&T), with a Bachelor of Science in Economics with concentrations in Finance and Entrepreneurial Management from the Wharton School, a Bachelor of Applied Science in Systems Engineering from the School of Engineering & Applied Science, and minors in Theater Arts, Mathematics, and South Asian Studies. Nik Sachdev has been working as a Partner at Convergent Capital Partners for 15 years. Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. His other goal for Convergent Media is to be a part of, and win recognition at, celebrated annual film festivals such as ones in Cannes, France, or Toronto. After roughly $15 million improvements, the property opened as a 130-room Aloft Hotel. "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. You last contacted this investor on . It was a very difficult time, but we found a group of high-net-worth individuals who trusted us. 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. We want to add a marina. . Nik Sachdev, Managing Director, Convergent Capital Partners. Key Facts. Santosh Govindaraju, CEO; View Website. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. Convergent Capital is working to install a boardwalk and 50-slip marina on the property, and next year, Jacksons Bistro is slated to begin a major overhaul of its restaurant, which combined will likely add even greater value. His wife and three sons are actively involved in the Indian community in Tampa. 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. We spent most of 2008 fundraising. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. Wikicampers offers you a 3-month SECUR warranty. 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. current Chief Executive Officer, Santosh Govindaraju, CBI websites generally use certain cookies to enable better interactions with. It was sold to a partnership led by Lincoln Property Co. late last year for $39.35 million, records show. 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. Tampa Bay home sales are down. "But the focus for so many of these individuals and groups is real estate.". Santosh Govindaraju, Convergent Capitals CEO, says there are many similarities between the real estate business and filmmaking. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. Here are all the details of Sax available below. Were still looking for opportunities, but its tougher, says Nik Sachdev, a Convergent Capital managing partner. Convergent Capital Partners has 3 team members, including current Chief Executive Officer, Santosh Govindaraju. Languages spoken: Private Equity Stage Investors Private Equity Firms, Number of portfolio companies associated to the Person, Algorithmic rank assigned to the top 100,000 most active Investors, The organization associated to the person's primary job, This describes the type of investor the person is (e.g. 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. What has not changed, in addition to its investment discipline, is Convergent Capitals desire to work with best-in-class operating partners to generate successful investments. How has your investment strategy changed over the years? "They can grow rapidly with relative ease," Govindaraju said of Harness. Sax Phone number. Meet the NY billionaire building Tampa Bays tallest condo tower, This Clearwater Beach condo just sold for a record breaking $9.5 million. 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. Why did you want mortgages instead of the actual property? 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. The borrower knows the asset best. CBI websites generally use certain cookies to enable better interactions with our sites and services. Convergent Capital Partners has 1 fund, including CCP Fund I LLC. 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. How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? Length : 7,50 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. Between 2008 to the end of 2012, we invested heavily in notes and mortgages, but now the market has shifted, there's not a lot of distressed notes and mortgages. Since 2008, Convergent has acquired over $400 million in performing / sub-performin g commercial mortgages and real estate. Dr. Nallamshetty is a Florida native and has been an active member of the Tampa community for over 10 years. 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. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. Because we know were only as good as our last deal.. 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. The representative example is for a financing made on 05/01/2021 and a first maturity on 05/02/2021. Below is a list of activities and point of interest in Sax and its surroundings. 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. 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. 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. 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. 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. 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. Example of loan financing over 161% months for this vehicle sold for 45 300,00, including tax and VAT: One industry we're very bullish on is hospitality. Discover the benefits negotiated for you. After Tampa Bay WaVe connected him to Harness, he reconsidered his reluctance. Govindaraju says film investments can yield five- to 10-times the capital placed in them. The acquisition, which closed March 29, includes the eight-story, 157,379-square-foot office building as well as a five-story parking garage at 1901 Ulmerton Road. But Govindaraju, who becomes a new member of the company's board of directors, said his share is a personal investment unconnected to Convergent. We're very selective, but once we identify an asset class we move quickly. 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 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. Weve gone from acquiring bank notes to making direct investments in properties to making preferred equity deals, he says. Part of the Tampa-based companys shift has involved preferred equity lending, from a roughly $50 million unleveraged fund it closed in August 2017. 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. Mr. Govindaraju has been investing as a principal in commercial real estate since 1999. Services may be provided by Western Union Financial Services, Inc. NMLS# 906983 and/or Western Union International Services, LLC NMLS# 906985, which are licensed as Money Transmitters by the New York State Department of Financial Services. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. Since 2008, the privately owned company has acquired more than $460million worth of mortgages and real estate. Use the CB Insights Platform to explore Convergent Capital Partners's full profile. The complete history of this vehicle is available online. 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. French. By continuing to use this site you are consenting to these choices. 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. 24/7 technical support for vehicle operation. 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. Our main focus right now is on creating upside while limiting and protecting our downside. 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. We always do what we say. 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. Founded in 1999, Convergent Capital is an SBIC fund manager dedicated to being a valued resource to lower middle market companies with capital needs. Discover the benefits negotiated for you. 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. Get a quote for your financing plan in just a few clicks. Information on the people and the population of Sax. That's how we establish credibility. 4600 W. Cypress Street Suite 120 Tampa, Florida 33607 USA Email: santosh@convergentcap.com: Office Phone (813) 386-4906 So the core competencies are largely the same. But we have invested in other areas and continue to look. Were very selective about who we do deals with, but once we form a partnership, well follow them wherever they want to go, and always were investing on a risk vs. reward basis, Sachdev says. Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Convergent Capital Partners Location 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States Description Industry Finance General Finance Discover more about Convergent Capital Partners Org Chart - Convergent Capital Partners Paul Erdman Convergent Capital Partners Location 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States Description Read More Industry Finance General Finance Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. We secure the sale between you and the seller. Santosh began his career at Lehman Brothers in 1997 in New York as a trader of fixed income derivatives, including various U.S. Dollar interest rate products such as swaps, caps, and floors. Want to contact the Administration of Sax? 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. Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. 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. Independent films win Oscars, Govindaraju says of the Academy Awards. Fill out this form to learn more: Wikicampers acts as a trusted third party. His two children attend high school here, and he and his wife founded a charter high school for exceptional children. 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. . 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. The companys biggest investment move, however, has been completely outside of real estate and into filmmaking. Obviously, we want more restaurant concepts and more offices. Mr. Govindaraju was named the IndoUS Chamber of Commerce Businessman of the Year for 2002. Here are all the details of Sax available below. Dr. Sanka, a native of Philadelphia, has lived in Tampa for over 10 years. Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. Castres, Occitanie, 81100. And we've never retreated on a deal. 81710 SAIX. - Idal pour une famille car fait pour 5 couchages Santosh Govindaraju has expanded the company's investment platform to include independent feature films. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. On Wikicampers, you will find the perfect camper to rent or to buy.Learn more, Promo Code The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Insurance intermediary registered with the ORIAS under the number 07023493. Find all the information of Sax or click on the section of your choice in the left menu. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. Mr. Govindaraju is a level 2 candidate for the Chartered Financial Analyst (CFA) designation. 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Convergent Capital Partners is becoming a major player in Tampa Bay real estate Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh. - Porte-vlo pour 2 vlos 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. At the same time, the company has hedged its risk exposure by investing with partners and by covering expenses through the sale of distribution rights and other means. From 2008 to today, we have bought probably 50 mortgages and worked out 49 of them. Dfaut arrire gauche non dtaill sur les photos, car l'assurance du propritaire changera neuf les lments "choc mineur. His wife and three sons are actively involved in the Indian community in Tampa. 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. In the past 18 months, we've turned more to where we're building a real estate portfolio with Class A assets. 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 He adds that he was drawn to more independent films because they tend to gain more critical acclaim than blockbusters. - Il y a un petit choc l'arrire, il sera rpar pour la vente By continuing to browse our site, you declare that you accept their use. We really like Naples and Bonita Springs; it's a very strong kind of retirement community, and we like the demand drivers there. About Convergent Capital Partners. He was responsible for directing the firm's strategy, capital raising, and managing the risk in the firm's investments. In 2008 and 2009, we were invested in multifamily (housing), but that became so overheated we got out. Convergent Capital Partners assumed a $9.8 million mortgage through Mercury Insurance for the property purchase. Govindaraju said he wasn't comfortable with tech investment when he first looked at the sector nearly 20 years ago. Santosh Govindaraju is a Founding Partner, Chief Executive Officer and Portfolio Manager at Convergent Capital Partners based in Tampa, Florida. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. Convergent Capital sold the 279-room hotel, at 301 S. Gulfview Blvd., in early 2016 for $120.5 million. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. We saw the opportunity that was in the (real estate) market with the economy the way it was. Locate simply the city of Sax through the card, map and satellite image of the city. 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. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. What are your plans for the Universal Health Care building? 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. Every time the market shifts, you have to shift, too. Thanks to our partner AutoViza, get it here in just one click. Le gps est calibr en fonction des volumes du vhicule. Anand Patel is president of Pangea Realty and Development Group. Since its founding in 2008, the firm has invested over $2 billion in real estate assets and debt, according to the companys profile. Web Design by Katapult Marketing. I think well always try to be a bit contrarian and try to see where others math might be viewed as wrong, Govindaraju says. Its a very time-intensive business, but its also fun and rewarding, he says. Well break down the latest business and consumer news and insights you need to know every Wednesday.
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