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 is becoming a major player in Tampa Bay 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. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. Mr. Govindaraju is a member of Leadership Florida, Committee on Foreign Relations, and the Zell Lurie Institute at the Wharton School. You can read more about your cookie choices at our privacy policyhere. Govindaraju says the companys greatest success, though, was its turnaround of the Hyatt Regency Clearwater Beach Resort & Spa, on Clearwater Beach. Another Tampa company, Phonism, founded by CEO Steve Lazaridis, is getting $350,000 from an investment group formed by Tampa attorney Rich McIntyre. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Weve gone from acquiring bank notes to making direct investments in properties to making preferred equity deals, he says. Santosh Govindaraju, Chief Executive Officer, Convergent Capital Partners 109 N. Brush Street, Suite 260 Tampa, Florida 33602 Phone: (813) 280-2000 Fax: (813) 200-2001 Web Accessibility From 2008 to today, we have bought probably 50 mortgages and worked out 49 of them. 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. Follow @susanskate. 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 . Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. Santosh Govindaraju - Fo.. - Convergent Capital Partners | ZoomInfo 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. Anand Vihar is the premier 55-plus community in the United States. Send Message. Santosh Govindaraju - CEO @ Convergent Capital Partners - CrunchBase 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States. Location Driven | Business Observer Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. Between 2008 to the end of 2012, we invested heavily in notes and mortgages, but now the market has shifted, there's not a lot of distressed notes and mortgages. 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. Why are real estate prices still rising? Why do you think Convergent has been successful so far? 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 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. Money Transfer Locations | Sax, Occitanie | Western Union Well break down the latest business and consumer news and insights you need to know every Wednesday. [Handout photo] By Times Staff Published. The investment group, which seeks value-add, opportunistic and specialty situation investments, has made numerous significant investments in the local market in acquiring office buildings, retail centers and apartments. 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 a physician and avid traveler, who enjoys spending time with his wife and their two children. 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. Part of the Tampa-based companys shift has involved preferred equity lending, from a roughly $50 million unleveraged fund it closed in August 2017. Its a tricky time, and the one thing is we know what we dont want to do, Sachdev says. 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. "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. Castres, Occitanie, 81100. Languages spoken: Since 2008, the privately owned company has acquired more than $460million worth of mortgages and real estate. Its a question the principals at Convergent Capital Partners have been asking a lot of late, as commercial real estate values have soared and turnaround prospects have dimmed. We spent most of 2008 fundraising. Its hard to plan for the future when the real estate market appears to be at its peak, Sachdev says. 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. Insurance intermediary registered with the ORIAS under the number 07023493. 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. Information on the people and the population of Sax. - Porte-vlo pour 2 vlos 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. 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. Locate simply the city of Sax through the card, map and satellite image of the city. There, the company more than doubled operating profit in about three years, to just under $10 million, by executing a strategy that favored leisure travel over corporate business. Santosh Govindaraju - Tampa, Florida, United States - LinkedIn About Convergent Capital Partners. Help His wife and three sons are actively involved in the Indian community in Tampa. g commercial mortgages and real estate. APR fixed at 4,96 %. 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. Convergent Capital Partners owns Knights Point , a. Here are all the details of Sax available below. Web Design by Katapult Marketing. 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. The borrower knows the asset best. 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 Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. Santosh Govindaraju - INDO-USINDO-US Geographic Information regarding City of Sax. We always do what we say. You have a legal retraction period of 14 days from the signing of your contract. Born in New Zealand but having spent most his life locally, Anand, his wife and two children proudly call Tampa Bay home. L'quipement avait tait achet 577+270 euros de pose. But Govindaraju, who becomes a new member of the company's board of directors, said his share is a personal investment unconnected to Convergent. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. He is responsible for the strategic direction and growth of the company. We love the Tampa Bay market, St. Pete included. in Systems Engineering from the University's School of Engineering & Applied Science. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. 24/7 technical support for vehicle operation. He is past President of the Asian American Chamber of Commerce. 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. Below is a list of activities and point of interest in Sax and its surroundings. Convergent Capital Partners. 2 Place Jean-Jaurs. We want to sit down with our team and officials in St. Pete and work on a plan that would be successful for everyone. Legal notices 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. Since its founding in 2008, the firm has invested over $2 billion in real estate assets and debt, according to the companys profile. 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. We consider it an irreplaceable asset in an irreplaceable location, Sachdev says. Convergent Capital Partners focuses on what's next Santosh and his firm, Convergent Capital Partners, have been providing equity and debt investment options in a variety of Florida commercial real estate for over 17 years. He is an award-winning builder who has been involved with over 40 major real estate developments in Florida. - Idal pour une famille car fait pour 5 couchages Discover the benefits negotiated for you. Then we bought a large apartment complex of over 150 units in the USF area, the St. Moritz. 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. How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? GTC, 2023 Wikicampers. 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. Get a quote for your financing plan in just a few clicks. Nik Sachdev - Partner - Convergent Capital Partners | ZoomInfo In film, youre developing intellectual property, whereas in real estate, youre developing or investing in real property.. John Mason Co-Founder, Investment Committee Member. Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh Govindaraju. 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. Were still looking for opportunities, but its tougher, says Nik Sachdev, a Convergent Capital managing partner. 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. Convergent Capital sold the 279-room hotel, at 301 S. Gulfview Blvd., in early 2016 for $120.5 million. His other goal for Convergent Media is to be a part of, and win recognition at, celebrated annual film festivals such as ones in Cannes, France, or Toronto. Convergent is a pre-eminent and dominant player in Florida's real estate markets. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. Our main focus right now is on creating upside while limiting and protecting our downside. Knights Point is one of the few remaining waterfront sites in Tampa that is not as fully developed as it should be. "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. 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. Convergent Capital. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. 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.