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. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. Mr. Govindaraju is a level 2 candidate for the Chartered Financial Analyst (CFA) designation. 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. 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? Santosh Govindaraju - IMDb Ep. 72 Santosh Govindaraju - Real Estate Investing in Florida One of our advantages is speed; it gives us a lot of advantage in this market. 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. Whether you're ready to experience nomadic travel for the first time or have already been won over by the joys of the open road, you've come to the right place! 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 sold it about six months ago and it was 90 percent occupied. June 26, 2015 April 12, 2013 October 6, 2017 March 22, 2019 June 26, 2015 He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. "There's a lot of money in Tampa Bay," she said. Santosh Govindaraju - Florida Developer Applies Wall Street - LinkedIn 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. The borrower knows the asset best. 30 years later in Tampa, USF friends make Hollywood dreams come true, How a gay bar made downtown Dunedins business culture bloom, No charges filed in the shooting death of 19-year-old University of Tampa student, You know what, guns actually do kill people | Letters, Seminole Heights serial killings case ends with guilty plea, 4 life sentences, Tampa voters pick Maniscalco for District 2 City Council, Top Tampa Bay area events for the week of April 24-30, Tampa Bay office buildings add perks, in part to attract millennials. Agent | Closed Until 06:30 His two children attend high school here, and he and his wife founded a charter high school for exceptional children. Convergent Capital Make sure you are able to repay it before making a contractual commitment. . Total cost of loan: 15 786,80, including an application fee of 679,50. Santosh Govindaraju - Real Estate Development and Redevelopment 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. You last contacted this investor on . Its a tricky time, and the one thing is we know what we dont want to do, Sachdev says. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. In the past 18 months, we've turned more to where we're building a real estate portfolio with Class A assets. 2 Place Jean-Jaurs. Independent films win Oscars, Govindaraju says of the Academy Awards. Convergent Capital Partners - Ask For Funding Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. 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 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. Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. Anand Vihar is the premier 55-plus community in the United States. 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. Here are all the details of Sax available below. Quelques renseignements complmentaires sur mon vhicule : Wall Street Lessons Nik Sachdev, Managing Director, Convergent Capital Partners. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. Govindaraju, who spent three months studying the business at the University of California at Los Angeles famed film school, says he now spend roughly one quarter of his time on the media concern. How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? 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.

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