convergent capital partners santosh convergent capital partners santosh

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. 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. "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. Copyright 2023 CB Information Services, Inc. All rights reserved. One of our advantages is speed; it gives us a lot of advantage in this market. Obviously, we want more restaurant concepts and more offices. 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.. . 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. By continuing to browse our site, you declare that you accept their use. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. GTC, 2023 Wikicampers. 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. Book your hotel room at the best price. How has your investment strategy changed over the years? 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. Independent films win Oscars, Govindaraju says of the Academy Awards. Do you expect more investments in the Tampa Bay area? Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. That's how we establish credibility. While the privately owned company doesn't talk about returns on individual investments, "we've been successful in all projects to date," Sachdev says. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Geographic Information regarding City of Sax. I think well always try to be a bit contrarian and try to see where others math might be viewed as wrong, Govindaraju says. Convergent Capital Partners assumed a $9.8 million mortgage through Mercury Insurance for the property purchase. 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. France. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh Govindaraju. Santosh is responsible for sourcing the acquisitions, defining exit strategies, negotiating workouts, and overseeing strategy. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. Convergent Capital Partners owns Knights Point , a. in Systems Engineering from the University's School of Engineering & Applied Science. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. 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. But Govindaraju, who becomes a new member of the company's board of directors, said his share is a personal investment unconnected to Convergent. 147 Avenue De Lacaze-basse. 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. He is responsible for the strategic direction and growth of the company. As Anand Vihars Director of Sales, Mr. Patel interacts with hundreds of active adults throughout the US and the world as they look to make Tampa Bay and Anand Vihar their future home. 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States. Eric Isenbergh Mr. Isenbergh brings a wealth of building experience to Anand Vihar. Letsgetstarted. 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. And we've never retreated on a deal. 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. . What are your plans for the Universal Health Care building? . Paragon, Mr. Govindaraju originated over $600 million in residential and commercial mortgage loans and repositioned / developed over $100 million of commercial real estate. "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. He was responsible for directing the firm's strategy, capital raising, and managing the risk in the firm's investments. Locate simply the city of Sax through the card, map and satellite image of the city. Fill out this form to learn more: Wikicampers acts as a trusted third party. You can read more about your cookie choices at our privacy policyhere. 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. Our team has selected for you a list of hotel in Sax classified by value for money. This vehicle can be delivered to your home in 48 hours. 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 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 is part of the leadership of USF Medical School and multiple hospitals in Tampa Bay. Use the CB Insights Platform to explore Convergent Capital Partners's full profile. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. "Now, it's a different world.". He was recently honored for his medical services, and recognized as a top physician in Tampa Bay. He is a physician and avid traveler, who enjoys spending time with his wife and their two children. Languages spoken: June 26, 2015 April 12, 2013 October 6, 2017 March 22, 2019 June 26, 2015 Length : 7,50 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. for a total of 45 300,00 loaned, reimbursed in 161% monthly installments of %mensualit%, not including insurance(s) and/or optional service(s): 61 766,30. Dr. Nallamshetty is a Florida native and has been an active member of the Tampa community for over 10 years. Nik Sachdev has been working as a Partner at Convergent Capital Partners for 15 years. Anand Patel is president of Pangea Realty and Development Group. Since 2008, the privately owned company has acquired more than $460million worth of mortgages and real estate. About Convergent Capital Partners. . 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 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. g commercial mortgages and real estate. CBI websites generally use certain cookies to enable better interactions with our sites and services. Drs. 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. Meet the NY billionaire building Tampa Bays tallest condo tower, This Clearwater Beach condo just sold for a record breaking $9.5 million. We promise to provide you with quality, value and peace of mind. After roughly $15 million improvements, the property opened as a 130-room Aloft Hotel. Were still looking for opportunities, but its tougher, says Nik Sachdev, a Convergent Capital managing partner. Govindaraju said he wasn't comfortable with tech investment when he first looked at the sector nearly 20 years ago. 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. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Its a tricky time, and the one thing is we know what we dont want to do, Sachdev says. Santosh Govindaraju has expanded the company's investment platform to include independent feature films. Subscribe to our free Business by the Bay newsletter. - Idal pour une famille car fait pour 5 couchages Log In or Sign up to contact this investor. Made in the Basque Country. [Handout photo] By Times Staff Published. 05 63 74 71 76. International: +33 5 63 74 71 76. 490 First Ave. South in downtown St. Petersburg was 46% occupied when Convergent and partner Denholtz Associates bought it. APR fixed at 4,96 %. His two children attend high school here, and he and his wife founded a charter high school for exceptional children. His wife and three sons are actively involved in the Indian community in Tampa. He is the president of a leading medical practice, but is also an entrepreneur at heart, supporting numerous technology and health care start-up companies. 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. 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. Get a quote for your financing plan in just a few clicks. Since its founding in 2008, the firm has invested over $2 billion in real estate assets and debt, according to the companys profile. Our main focus right now is on creating upside while limiting and protecting our downside. Another Tampa company, Phonism, founded by CEO Steve Lazaridis, is getting $350,000 from an investment group formed by Tampa attorney Rich McIntyre. Convergent Capital Partners has 1 fund, including CCP Fund I LLC. He is past President of the Asian American Chamber of Commerce. 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. 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. Tampa Bay home sales are down. Born in New Zealand but having spent most his life locally, Anand, his wife and two children proudly call Tampa Bay home. 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! He is an award-winning builder who has been involved with over 40 major real estate developments in Florida. 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 We want to add a marina. The Class A office building, built in 1999, features a community gym and on-site caf, according to a Loopnet listing, which previously advertised the property for lease. 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. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. Want more of our free, weekly newslettersinyourinbox? When it sold late last year, it was more than 90% committed. We spent most of 2008 fundraising. Taking out a loan is a commitment and must be repaid. Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. 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. Discover the benefits negotiated for you. 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. Legal notices 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. Founded in 1999, Convergent Capital is an SBIC fund manager dedicated to being a valued resource to lower middle market companies with capital needs. The complete history of this vehicle is available online. Weather forecast for the next coming days and current time of Sax. 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. 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. Find below the times of sunrise and sunset calculated 7 days to Sax. Here are all the details of Sax available below. 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. Le gps est calibr en fonction des volumes du vhicule. site you are consenting to these choices. Conditions in force on 01/01/2021. In late 2015, it was sold for $30 million. Submitters are 7x more likely to receive a qualified connection. Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Dr. Sanka, a native of Philadelphia, has lived in Tampa for over 10 years. 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. Our mission is to create a close knit active adult community where you feel right at home from the first moment you arrive! 1115 Narmada Way, Wesley Chapel, FL 33543. 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. 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. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. We secure the sale between you and the seller. Were at a point in the marketplace where the pendulum has swung, to paraphrase investor Howard Marks, so that the perceived risk is gone, which, ironically, is when many people tend to take on even greater risk, Govindaraju says. Want to contact the Administration of Sax? 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. Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. 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. We have a highly skilled team with over 60 years of combined experience. Bonjour, 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. Dfaut arrire gauche non dtaill sur les photos, car l'assurance du propritaire changera neuf les lments "choc mineur.