H.I.G. Capital, a leading global private equity investment firm with over $35 billion of equity capital under management, is pleased to announce that its affiliate, H.I.G. Realty Partners, provided a $33.1 million acquisition loan to CW Capital Partners on a 264,000 square foot industrial/flex office portfolio.
The portfolio, comprised of three properties, is located in the high growth metropolitan area of Denver, Colorado. At the time of acquisition, the portfolio was approximately 80% occupied by a diverse group of tenants. The floating-rate, five-year loan allows for future advances for the lease-up of the portfolio over time.
READ ALSO : H.I.G. Capital invests in Greek property company
“CW Capital can capitalize on this excellent investment opportunity through rental increases and the lease-up of the portfolio in a market that has favorable supply-demand characteristics,” said Michael Mestel, Head of U.S. Debt Originations for H.I.G. Realty Partners. “H.I.G. was able to provide the capital and flexibility for CW to succeed in executing their strategy.”
View source version on: https://www.businesswire.com/news/home/20200206005071/en