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. While the privately owned company doesn't talk about returns on individual investments, "we've been successful in all projects to date," Sachdev says. Because we know were only as good as our last deal.. 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. Mr. Govindaraju was named Indo-US Chamber of Commerce Businessman of the Year for 2002. Santosh Govindaraju, Convergent Capital Partners LLC: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas,. 24/7 technical support for vehicle operation. Log In or Sign up to contact this investor. For even more peace of mind, extended warranties will be available when you purchase. Total cost of loan: 15 786,80, including an application fee of 679,50. We use cookies to improve and personalize your browsing experience, analyze our traffic, and provide social networking features. Here are all the details of Sax available below. 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. So the core competencies are largely the same. 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. Geographic Information regarding City of Sax. Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. We consider it an irreplaceable asset in an irreplaceable location, Sachdev says. How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? Make sure you are able to repay it before making a contractual commitment. . Mr. Isenbergh brings a wealth of building experience to Anand Vihar. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. GoogleMaps. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. Born in New Zealand but having spent most his life locally, Anand, his wife and two children proudly call Tampa Bay home. By continuing to use this site you are consenting to these choices. 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. Well break down the latest business and consumer news and insights you need to know every Wednesday. m, Consumption : 11 His wife and two sons love living in Tampa and spending time with their parents, future residents of Anand Vihar. Locate simply the city of Sax through the card, map and satellite image of the city. 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. At the same time, the Tampa-based real estate equity firm burnished its reputation as a canny judge of attractive but underperforming properties throughout the bay area and as far away as Chicago, where it has a 200,000-square-foot suburban office building. our sites and services. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. 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. In film, youre developing intellectual property, whereas in real estate, youre developing or investing in real property.. 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. About Convergent Capital Partners. We have a highly skilled team with over 60 years of combined experience. What are your plans for the Universal Health Care building? In late 2015, it was sold for $30 million. 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 - Idal pour une famille car fait pour 5 couchages 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. Discover the benefits negotiated for you. Legal notices 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, 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. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. Founded in 1999, Convergent Capital is an SBIC fund manager dedicated to being a valued resource to lower middle market companies with capital needs. Wikicampers offers you a 3-month SECUR warranty. 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. 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. Since its founding in 2008, the firm has invested over $2 billion in real estate assets and debt, according to the companys profile. 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 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. current Chief Executive Officer, Santosh Govindaraju, CBI websites generally use certain cookies to enable better interactions with. Le gps est calibr en fonction des volumes du vhicule. [Handout photo], No charges filed in the shooting death of 19-year-old University of Tampa student, Meet the NY billionaire building Tampa Bays tallest condo tower, University official gets prison for defrauding central Florida school, Defamation bill dead for this Florida legislative session, sponsor says, Tampa owner of Outback, Flemings aims to keep prices steady in 2023, 30 years later in Tampa, USF friends make Hollywood dreams come true, Tampa voters pick Maniscalco for District 2 City Council, Top Tampa Bay area events for the week of May 1-7, How a gay bar made downtown Dunedins business culture bloom, 2-year-old daughter of Bucs linebacker Shaquil Barrett drowns in family pool, PunditFact: Website wrong with attack on Donald Trump, Dakota Access Pipeline. Were being careful, and only working with very strong operators. Well-located properties, history has shown, always come back the quickest from any downturn, and theres a recognition on our part that you have to pay a premium for that at present., "Our main focus right now is on creating upside while limiting and protecting our downside." By continuing to browse our site, you declare that you accept their use. CBI websites generally use certain cookies to enable better interactions with our sites and services. Seul la camra de recul sera contrle en mme temps que le test d'tanchit, car la vido ne se diffuse pas. Quelques renseignements complmentaires sur mon vhicule : Learn more. We really like Naples and Bonita Springs; it's a very strong kind of retirement community, and we like the demand drivers there. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. Letsgetstarted. 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. 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. 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. "There's a lot of money in Tampa Bay," she said. 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. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. The complete history of this vehicle is available online. Copyright 2023 CB Information Services, Inc. All rights reserved. Distance (in kilometers) between Sax and the biggest cities of France. . Convergent Capital. You last contacted this investor on . Help We see a lot of room for growth and we want to be part of it. It was a very difficult time, but we found a group of high-net-worth individuals who trusted us. Find below the times of sunrise and sunset calculated 7 days to Sax. - Porte-vlo pour 2 vlos Mr. Govindaraju has been investing as a principal in commercial real estate since 1999. 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. 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. Dr. Nallamshetty is a Florida native and has been an active member of the Tampa community for over 10 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. 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States. From 2008 to today, we have bought probably 50 mortgages and worked out 49 of them. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. We care about your new community, and look forward to creating this special place for you. Sax Phone number. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. The borrower knows the asset best. Meet the NY billionaire building Tampa Bays tallest condo tower, This Clearwater Beach condo just sold for a record breaking $9.5 million. In 2003, he designated as the Young Minority Business Person of the Year and honored as onof the "Top 30 Under 30" by the Tampa Bay Business Journal. Part of the Tampa-based companys shift has involved preferred equity lending, from a roughly $50 million unleveraged fund it closed in August 2017. We secure the sale between you and the seller. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. He has built over 3500 homes, most recently 1700+ homes in Tampa Bay. Languages spoken: Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. 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. Paragon, Mr. Govindaraju originated over $600 million in residential and commercial mortgage loans and repositioned / developed over $100 million of commercial real estate. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. It could be both office and retail, or it could be just office. 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. Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. 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! 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 . After roughly $15 million improvements, the property opened as a 130-room Aloft Hotel. 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. Dr. Sanka, a native of Philadelphia, has lived in Tampa for over 10 years. You have a legal retraction period of 14 days from the signing of your contract. Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. Mercury Insurance's office building at 1901 Ulmerton Road, Clearwater. He is responsible for the strategic direction and growth of the company. There are a lot of different options we can pursue there. Here are all the details of Sax available below. Copyright 2023 Observer Media Group Inc., All Rights Reserved, Convergent Capital Partners, Liberty Group partner on Aloft project, Seizing on opportunities in Opportunity Zones, Convergent Capital Partners closes $40 million fund, Blackstone buys Westin hotel, Convergent Capital buys nearby Knights Point, Convergent Capital joins Park Square ownership, as required for Public Notices per F.S. People. 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. 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. 81710 SAIX. He is responsible for the strategic direction and growth of the company. Location Convergent Capital sold the 279-room hotel, at 301 S. Gulfview Blvd., in early 2016 for $120.5 million. Sax Localisation : Country France, Region Occitanie, Department Tarn.Available Information : Postal address, Phone number, Fax number, Website, Email address, Mayor, Geographical coordinates, Population, Altitude, Area, Weather and Hotel.Nearby cities and villages : Viviers-ls-Montagnes, Navs and Frjeville. His two children attend high school here, and he and his wife founded a charter high school for exceptional children. Oceanic climate (Kppen climate classification: Cfb), Copyright 2023 DB-City - All rights reserved. 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. "They can grow rapidly with relative ease," Govindaraju said of Harness. Conditions in force on 01/01/2021. 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. Convergent Capital Partners. 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. 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. He is an award-winning builder who has been involved with over 40 major real estate developments in Florida. I think well always try to be a bit contrarian and try to see where others math might be viewed as wrong, Govindaraju says. GTC, 2023 Wikicampers. Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. We are passionate about creating a strong, supportive community with excellent amenities. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Total number of current Jobs the person has. 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. 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. 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. Web Design by Katapult Marketing. Santosh Govindaraju is a Founding Partner, Chief Executive Officer and Portfolio Manager at Convergent Capital Partners based in Tampa, Florida. This vehicle can be delivered to your home in 48 hours. Tampa Bay home sales are down. "But the focus for so many of these individuals and groups is real estate.". 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. Insurance intermediary registered with the ORIAS under the number 07023493. Use the CB Insights Platform to explore Convergent Capital Partners's full profile. 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. 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. You can read more about your cookie choices at our privacy policyhere. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. Santosh Govindaraju, CEO; View Website. 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. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. 2 Place Jean-Jaurs. We're very selective, but once we identify an asset class we move quickly. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. Convergent Capital Partners has 1 fund, including CCP Fund I LLC. Agent | Closed Until 06:30 "Projects were cash starved. 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. He was recently honored for his medical services, and recognized as a top physician in Tampa Bay. 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. 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. But its a tough time to buy real estate.. 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. Minneapolis, MN / Newport Beach, CA 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.. Thanks to our partner AutoViza, get it here in just one click. Santosh Govindaraju has expanded the company's investment platform to include independent feature films. 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. Castres, Occitanie, 81100. Negotiates acquisitions, overseeing all investment activities, financial affairs, and forging partnerships, Chief Executive Officer & Portfolio Manager. Convergent Capital Partners assumed a $9.8 million mortgage through Mercury Insurance for the property purchase. 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. We knew we were going to be in the market a long time, and the real estate developer who faces trouble eventually is going to be back we've already seen them come back. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. 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. Were still looking for opportunities, but its tougher, says Nik Sachdev, a Convergent Capital managing partner. Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. Mr. Govindaraju is a Tampa native, and a graduate of the prestigious Wharton School of Business. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. 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 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. 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. Why do you think Convergent has been successful so far? 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. Santosh is responsible for sourcing the acquisitions, defining exit strategies, negotiating workouts, and overseeing strategy. 50.011. At 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. "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. 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. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. 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 always do what we say. 490 First Ave. South in downtown St. Petersburg was 46% occupied when Convergent and partner Denholtz Associates bought it. The economy is picking up, and it's still a sector of real estate that hasn't completely come back yet in these secondary markets like Tampa. He is part of the leadership of USF Medical School and multiple hospitals in Tampa Bay. One of our advantages is speed; it gives us a lot of advantage in this market. Mr. Govindaraju is a level 2 candidate for the Chartered Financial Analyst (CFA) designation. Book your hotel room at the best price. Anand Patel is president of Pangea Realty and Development Group. You can read more about your. 1115 Narmada Way, Wesley Chapel, FL 33543. 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. Its hard to plan for the future when the real estate market appears to be at its peak, Sachdev says. 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.
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