TMCnet News
H.I.G. Realty Provides a €35 Million Mezzanine Financing Backed by a German Multifamily PortfolioH.I.G. Capital, LLC ("H.I.G."), a leading global alternative investment firm with over $52 billion of equity capital under management, is pleased to announce that an affiliate has provided mezzanine financing to a German multifamily portfolio of 2,446 units concentrated in the North Rhine-Westphalia region. Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, commented: "We believe that the German residential market currently presents a good set of opportunities for our capital. Our sector specific knowledge coupled with our flexible approach to invest across the capital structure, has allowed us to become a capital partner of choice for high quality real estate operating platforms." Chris Zlatarev, Managing Director at H.I.G. Realty in Europe, added: "We are delighted to close another multifamily financing transaction in Germany enabling the implementation of substantial value add initiatives across the portfolio." About H.I.G. Capital H.I.G. is a leading global alternative assets investment firm with over $52 billion of equity capital under management.* Based in Miami, and wth offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com. * Based on total capital commitments managed by H.I.G. Capital and affiliates.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221205005831/en/ |