Author: Admin

Terracore Capital Acquires a Strategically Located Light Industrial Facility in Tempe, Arizona, as part of Joint Venture with BKM Capital Partners

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Tempe, Arizona, September 26th, 2024

 

Terracore Capital, an institutional fund manager focused on dynamic growth markets in the United States, has acquired Ash Business Center in Tempe, AZ (part of the Phoenix Metropolitan Area), as part of their Joint Venture with BKM Capital Partners.

Ash Business Center, located at 4666-5010 S. Ash Ave. in Tempe, is a complex of nine light industrial buildings offering a total of 89,728 square feet. Constructed in 1986, the center comprises 16 units, each averaging 5,608 square feet, with clear ceiling heights ranging from 16 to 18 feet. The facility includes 16 grade-level doors and ample parking. The property has undergone significant renovations, including updates to the exterior facade and select interior spaces, taking advantage of vacancies to create high-quality areas that cater to the dense population in downtown Tempe. These improvements have enhanced the property’s operational efficiency, curb appeal, and overall value.

“Given our experience in the Phoenix market and the strong rent growth trends, Terracore remains dedicated to identifying and acquiring high-functioning light industrial properties. We believe Ash Business Center is an example of the opportunities that exist in the current industrial market—a strategically located asset at a discount to replacement cost that caters to the growing demand for light industrial spaces,” said Daniel Grunberg, Managing Partner at Terracore Capital.

Terracore-BKM Industrial Partners (the JV between Terracore Capital and BKM) aims to leverage the asset’s Weighted Average Lease Term (WALT) and the strong tenant demand for infill small-bay properties to address the market opportunity. They also plan to redesign the suite layouts to better meet the needs of prominent industrial tenants.

About Terracore Capital

Founded in 2016, Terracore Capital is a real estate investment manager specializing in enterprise and programmatic ventures with a primary focus on dynamic growth markets in the United States.

Terracore Capital focuses on platform-level investing by establishing formal agreements to act as a programmatic capital partner for best-in-class operators. To date, Terracore Capital has acquired over 12.9 million square feet of industrial space across 53 buildings in 14 U.S. markets.

Press Contact

info@terracorecap.com

www.terracorecap.com

Legal Disclaimer

THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, MAY BE CHANGED AT THE DISCRETION OF BKM/Terracore Capital WITHOUT NOTICE.

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICTATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND. SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM. THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY AND ITS IMPACT ON ANY INVESTMENT.

 

TC Latin America Partners enters the Mexican industrial sector with acquisition of a leading industrial park in Monterrey

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Mexico City and New York
October 14, 2021

 

TC Latin America Partners (“TC Latam”) announced the acquisition of an industrial park in Monterrey, Nuevo León, marking its entry into the Mexican industrial real estate market.

The purchase of this unique, partially stabilized industrial asset, highlights TC Latam’s competitive advantages as an institutional real estate fund manager: its ability to originate scalable investment opportunities and to create value through ground-up development.

The Puerta del Norte Industrial Park is located in one of the most resilient markets of the global real estate sector. The property has an existing leasable area of 686,000 square feet and an additional development potential of 888,000 square feet, which will be carried out by REI Real Estate. Existing and future tenants will benefit from the US, Mexico, and Canada Free Trade Agreement (USMCA), as well as by the highly competitive Mexican workforce.

Puerta del Norte is located in a privileged location between the US and Central Mexico, and has access to two of the main railway lines that connect the two countries (Kansas City Southern and Ferromex); only five other industrial parks in the country offer similar characteristics.

Gregorio Schneider, CIO and founding partner of TC Latam, explained the unique advantages that this acquisition will bring to investors: “This transaction is an important step in the continued diversification of our portfolio… Puerta del Norte has unique characteristics that make it a compelling investment. In the short term, our investors will receive an attractive in-place income stream from the stabilized portion of the park; in the medium term, they will also benefit from the additional income generated by the planned expansion within the industrial park.”

In line with TC Latam’s strategy to strengthen its presence in the Mexican industrial sector, the firm announced in August 2021 a strategic partnership with The Haskell Company, a US-based firm with extensive experience in architecture, engineering, construction, and consulting, to become a capital provider for future built-to-suit project. As part of the partnership, TC Latam will provide financial solutions to companies that wish to develop new facilities, modify existing ones, or expand and adapt production lines. Both firms are currently in the process of developing the business plan for this new alliance.

In 2020, TC US Partners, a subsidiary of TC Latam in the US, successfully completed the sale of a portfolio of industrial assets in the southeastern United States. The firm is currently pursuing new investment opportunities in the industrial sector in the western United States and has established a strategic partnership with a local operator specialized in the acquisition and management of small-bay/light industrial assets, with whom it has already closed two transactions in Phoenix and Portland.

About TC Latin America Partners (www.tclatam.com)

TC Latin America Partners is an Institutional Real Estate Fund Manager that invests with an opportunistic approach in industrial, commercial, residential, healthcare, and digital real estate assets in Latin America. The company was founded in 2012 and is registered as an investment adviser with the SEC in the United States. The firm is headquartered in New York City and has local offices in Bogota, Lima, Mexico City, and Santo Domingo.

Press Contact

TC Latin America Partners
info@tclatam.com
www.tclatam.com

Miranda Media & PR
Gabriela Jiménez
gabriela.jimenez@miranda-partners.com

Disclaimer

THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, MAY BE CHANGED AT THE DISCRETION OF BKM/TC USP WITHOUT NOTICE. THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND. SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM. THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY AND ITS IMPACT ON ANY INVESTMENT.

BKM Capital Partners Expands Portland Portfolio with Acquisition of Fry Distribution Center for $15.4 Million

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Beaverton, Oregon,
August 18, 2021

 

Newport Beach, California-based BKM Capital Partners announced it has acquired Fry Distribution Center in Beaverton, Oregon. BKM acquired the property from a private local seller in an off-market transaction for $15.4 million. The transaction was executed through a joint venture with TC US Partners, a real estate investment manager with a primary focus on dynamic growth markets in the United States.

BKM Capital Partners’ Brian Malliet said, “The property has an outstanding historical occupancy, averaging 94% over the past decade. The ability to maintain stabilized occupancy despite ownership’s passive approach to capital improvements is a testament to the asset’s strategic location in a submarket with high barriers to entry and limited competition.”

TC US Partners’ Daniel Grunberg, said, “This transaction represents an important milestone in our partnership with BKM and we are confident on their ability to drive NOI growth by leasing the project at market rental rates and achieve operational efficiencies as a result of the asset’s large local footprint.”

The Fry Distribution Center is a two-building, 121,200-square-foot, multi-tenant industrial park located on 6.4 acres in Beaverton, just west of Portland. The property is strategically located along SR-217, just south of SR-26, providing excellent access to downtown Portland as well as the city’s large corporate anchors along the Sunset Corridor. The property offers 30-foot clear heights in the warehouse and an attractive combination of dock and grade loading, making it one of the best last-mile distribution options along the 217 Corridor.

BKM Capital’s Malliet added, “Additionally, this is a great opportunity to expand and diversify BKM’s Portland portfolio of assets, leverage existing property management infrastructure while closely monitoring the capital repositioning and integration of hands-on operational oversight.”

BKM will leverage its existing management team, which oversees Tigard Business Park, located less than five miles south of Fry Distribution Center. With a vertically integrated and agile approach, BKM’s in-house property and construction managers will oversee structural and cosmetic improvements, including fresh paint, uniform landscaping, tenant/monument/address signage, and modernized awnings. A revamped appearance will reposition the property to outperform the competitive set, while in-place rents are naturally adjusted to market. Additionally, BKM plans to rebrand the asset as Beaverton Industrial Center as part of its multi-faceted capital improvement plan.

Cushman & Wakefield’s Robert F. Buckley represented BKM Capital Partners in the transaction.

About BKM Capital Partners (www.bkmcapitalpartners.com)

BKM Capital Partners was founded in 2013 by Brian Malliet. Headquartered in Newport Beach, California, BKM Capital Partners is a real estate fund manager specializing in the acquisition and improvement of value-add, light industrial, multi-tenant properties in metro areas across the Western U.S. BKM Capital Partners combines a deep knowledge of this niche industrial product type with a vertically-integrated operator platform that includes in-house capabilities to reposition and convert existing assets, enhance property management, incorporate leasing management and institutionalize light industrial properties characterized by fragmented ownership positions. The firm continues to build on its proven track record, generating strong results with high levels of transparency and engagement for investors.

About TC US Partners (www.tcusp.com)

Founded in 2016, TC US Partners is a real estate investment manager specializing in enterprise and programmatic ventures with a primary focus on dynamic growth markets in the United States. TC US Partners focuses on platform-level investing, whereby it establishes formal agreements to act as a programmatic capital partner to best-in-class operators, with the objective to expand and/or build an institutional-quality real estate portfolio that can perform across market cycles.

Press Contact

BKM Capital Partners
Emily Pollard
epollard@bkmcp.com
www.bkmcapitalpartners.com

Terracore Capital
info@terracorecap.com
www.terracorecap.com

Legal Disclaimer

THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, MAY BE CHANGED AT THE DISCRETION OF BKM/TC USP WITHOUT NOTICE. THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND. SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM. THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY AND ITS IMPACT ON ANY INVESTMENT.

TC Latin America Partners has partnered with The Haskell Company to offer a comprehensive solution to the industrial market in Latin America

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Bogota, Colombia y Mexico City, Mexico
August 4, 2021

 

TC, an institutional real estate investment manager, has partnered with Haskell, an experienced architecture, engineering, and construction company, to offer an integral solution to the industrial sector in Latin America. TC will provide funding to develop industrial assets tailored to clients’ specific needs.

Traditionally, if an industrial company needed to expand its facilities, it had to resort to its CAPEX, reducing capital available for reinvestment into the company’s operation.

TC and Haskell’s proposal becomes an alternative for those companies in the industrial sector looking to develop new production facilities (greenfield), modify existing facilities (brownfield), or design and adapt new production lines.

Andrés Lee, Project Development Director at Haskell Latin America, explains how this partnership will create a technical and financial solution to support companies’ expansion plans: “The proposed solution offered by Haskell & TC is to design and build spaces catered to clients’ needs while also providing funding, with the end goal of leasing the space to the client, so it can instead invest the capital it would otherwise have tied up in real estate to expand its operations.” Andrés comments.

Typical characteristic of companies suited for this type of solution are:

  • Logistics and distribution companies that need to lease long-term facilities in different locations outside industrial parks.
  • Small and mid-size companies looking for technical and financial support to execute their expansion plans.
  • Mid-size and large companies looking to expand their operations but that do not want to or cannot make sizable CAPEX investments and, therefore, prefer to lease.

The partnership between TC and Haskell drives the growth of different companies to implement their investment needs through a “win-win” framework, where three parts will be involved: TC (financial partner), Haskell (technical partner), and the client (end-user).

“We are very excited to partner up with Haskell because it represents an additional step in our diversification process towards income-producing assets. We believe that given their technical experience and market knowledge, Haskell is the ideal partner to materialize this idea” comments Gregorio Schneider, Founding Partner and CIO of TC.

The initially projects will be in Mexico and Colombia, and the target investment amounts are expected to range between US$15 MM and US$20 MM.

About TC Latin America Partners (www.tclatam.com)

TC Latin America Partners is an Institutional Real Estate Fund Manager that invests with an opportunistic approach in residential, commercial, industrial, healthcare, and digital real estate assets in Latin America. The company was founded in 2012 and is registered as an investment adviser with the SEC in the United States. The firm is headquartered in New York City and has local offices in Bogota, Lima, Mexico City, and Santo Domingo.

About Haskell (www.haskell.com)

The Haskell Company is an American firm that provides architecture, engineering, construction, and consulting services with over 50 years of experience, over 17 offices across North America, and an international presence in Latin America and Asia. Haskell is headquartered in Jacksonville, Florida and is globally recognized as a pioneer of the Design-Build method, which has proven to save time and costs in several different projects in which it has been used.

Contact

TC Latin America Partners
info@tclatam.com
www.tclatam.com

Haskell
Andrés Lee
Andres.lee@haskell.com
www.haskell.com

Disclaimer

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND. SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM. THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY AND ITS IMPACT ON ANY INVESTMENT. THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, MAY BE CHANGED AT THE DISCRETION OF TC WITHOUT NOTICE. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT IMPLY A CERTAIN LEVEL OF SKILL OR TRAINING.

TC Latin America Partners Launches TC Credit Partners

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TC Latin America Partners
New York and Bogota, Colombia
December 10, 2020

 

Platform to Provide Flexible Credit Solutions to Companies in Emerging Markets

TC Latin America Partners (“TC Latam”), an institutional real estate fund manager focused in Latin America, today announced the launch of TC Credit Partners (“TCCP”), an investment platform that will provide flexible credit solutions to small and medium sized companies in emerging markets.

Founded in 2012, TC Latam is an institutional real estate investment manager that takes an opportunistic approach to investing across the real estate spectrum in Latin America, ranging from residential and commercial projects to technology-based infrastructure including cellular towers and data centers. The firm is headquartered in New York, with regional offices in Lima, Bogotá, and Mexico City. In 2016, TC Latam broadened its platform to include investment opportunities in the U.S. through the launch of TC US Partners, a real estate investment manager specializing in domestic enterprise and programmatic ventures with a primary focus on dynamic growth markets.

With over a decade of experience executing private equity and real estate investments across Latin America, TC Latam has formed TCCP to meet the increasing demand from companies in emerging markets for capable lenders who can provide bespoke, accretive financing solutions. TCCP will provide an array of credit solutions to mid-market companies across Latin America, Africa, Eastern Europe and Asia, that have strong management teams and leading market positions, as well as quantifiable and actionable growth strategies. While TCCP’s strategy will initially be anchored in Latin America where TC Latam has an established local presence, the firm will simultaneously leverage the extensive local networks and investment track record of the TCCP partners to opportunistically invest in other emerging market regions.

TCCP will be led by Co-founder and Chief Investment Officer Christopher Wilder, an industry veteran with more than 25 years of experience managing credit investment strategies in emerging markets, and will be further supported by TC Latam’s Co-founders Gregorio Schneider and Daniel Grunberg. Mr. Wilder, Mr. Schneider and Mr. Grunberg have known each other for more than 15 years and have previously partnered together and executed several successful emerging markets private credit and special situations transactions.

“We established TCCP because of the growing demand from middle market companies across the globe, for lenders who understand their unique needs and can provide longer duration, non-dilutive, flexible credit alternatives,” said Mr. Schneider. “The TCCP platform builds on our long history of successfully providing capital solutions for our partners and we look forward to utilizing our deep experience in emerging markets to partner with differentiated businesses and capitalize on this growing opportunity set.”

“We are pleased to announce the launch of TCCP under the leadership of such an experienced investment professional, and someone we have known and respected for years. With Chris’ deep expertise managing credit investment strategies in emerging markets, we have strong conviction that he is the right person to lead this platform,” said Mr. Grunberg. “TCCP already has a strong pipeline of opportunities, and we are ideally suited to provide well-positioned businesses with credit alternatives.”

“Having known and invested alongside Gregorio and Daniel for many years, I have first-hand knowledge of their sophisticated approach to investing and the deep experience they and their team bring to the table – from sourcing capabilities and investor relationships to an on-the-ground presence in key local markets in Latin America,” said Mr. Wilder. “I look forward to working closely with them to launch and establish TCCP as a premier alternative provider of essential capital for a wide range of promising and growing companies.”

About TC Credit Partners

Founded in 2020, TC Credit Partners (“TCCP”) is an investment platform that provides flexible long-term credit solutions to small and medium sized companies in emerging markets. TCCP is targeting mid-market companies across Latin America, Africa, Eastern Europe and Asia that have strong management teams, leading positions in the sector and quantifiable and actionable growth strategies. TCCP was founded by Christopher Wilder, Gregorio Schneider and Daniel Grunberg, who have known each other for more than 15 years and have successfully partnered on several investment opportunities in emerging markets, private credit and special situations transactions. For more information, please visit www.tccreditpartners.com

About TC Latin America Partners

TC Latin America Partners is an institutional real estate fund manager that invests with an opportunistic approach in the real estate sector in Latin America. The Firm is registered as an investment adviser with the SEC in the United States, and has offices in New York, Bogotá, Lima, and Mexico City. TC Latam was founded in 2012 by Gregorio Schneider and Daniel Grunberg, who have worked together in various capacities since 2005. For more information, please visit www.tclatam.com

Media

TC Latin America Partners
info@tclatam.com

Joele Frank, Wilkinson Brimmer Katcher
Jonathan Keehner / Julie Oakes
Tel: +1 212-3553-4449

TC Latin America Partners acquires Juan de Arona Business Center in Lima, Peru

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TC Latin America Partners
Lima, August 17, 2020

 

TC Latin America Partners, an institutional real estate fund manager, announces its latest acquisition: Juan de Arona Business Center (CEJA), one of Lima’s premier office buildings.

 

TC Latin America Partners, alongside co-investors, acquired the Class A Lima office building mainly driven by its location and tenant quality. CEJA comprises approximately 19,000 square meters of GLA and is located in San Isidro, Lima’s financial district. The building’s tenants are largely AAA rated multinational companies, with US dollars denominated rents. Another factor that added to the feasibility and closing of the transaction is that the building had a single owner, which is uncommon in Peru.

We believe that this transaction aligns with TC’s vision of expanding its portfolio with high-quality, US dollar income-producing properties, as well as co-investing with other sophisticated institutional investors. TC is looking to scale and replicate this strategy by actively seeking similar opportunities in Lima.

Daniel Grunberg, founding partner of TC Latin American Partners, commented “Peru offers attractive opportunities in the current environment, having a shortgage of new inventory, as many projects that were likely in the planning phase, are now going to be postponed due to the COVID-19 pandemic”, he added: “When the recovery comes and there is a shortage of inventory, rents and asset values should improve”.

TC Latin American Partners was founded in 2012 and is focused on investing in Latin America. The Firm is based in New York City, is an SEC registered investment adviser, and has regional offices in Lima, Bogotá, and Mexico City. It recently became a signatory of the Principles for Responsible Investment (PRI), underlining its commitment to integrating ESG (environmental, social and corporate governance) criteria in the investment process.

TC Latin America Partners’ management team has decades of global investing experience, local Latin American roots, and has invested across the real estate asset class and capital structure. The company has fully committed its first two funds, and is actively seeking to launch a new third fund later this year.

“While we expect certain migration across all office markets to a work-from-home (WFH) dynamic post COVID-19” said Daniel, “we believe that impact in Latin America will be shier than elsewhere, due to the infrastructure limitations in many homes, and long-standing cultural separation between work and family. Moreover, we believe that triple A rated poperties should be fairly insulated, as tenants look for strategic locations and smarter offices. The need for social distancing within the office environment should also lead to a higher demand in square meters per employee”.

About TC Latin America Partners 

TC Latin America Partners is an institutional real estate fund manager that invests with an opportunistic approach in the real estate sector in Latin America. The Firm is registered as an investment adviser with the SEC in the United States, and has offices in New York, Bogotá, Lima, and Mexico City. TC Latam was founded in 2012 by Gregorio Schneider and Daniel Grunberg, who have worked together in various capacities since 2005.

Press contact

TC Latin America Partners
info@tclatam.com

Miranda Media & PR
María José González de Cossío, Partner
maria.gonzalez@miranda-partners.com
Tel: +52 (55) 51676086
www.miranda-partners.com/media

Legal Disclaimer

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICTATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND. SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM. THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY AND ITS IMPACT ON ANY INVESTMENT. THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, MAY BE CHANGED AT THE DISCRETION OF TC WITHOUT NOTICE. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT IMPLY A CERTAIN LEVEL OF SKILL OR TRAINING.

 

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TC Latin America Partners Signs the UN Principles for Responsible Investment (PRI)

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TC Latin America Partners
Nueva York / Bogota, August 11, 2020

 

TC Latin America Partners, an institutional real estate fund manager, is pleased to announce its incorporation into PRI (Principles for Responsible Investment), the world’s leading advocate for responsible investing, reflecting the Firm’s commitment to global best practices.

“Environmental, Social and Governance (ESG) factors have always been central to our investment process” says Gregorio Schneider, the company’s founding partner and Chief Investment Officer. “PRI provides us with a standard framework to continue and expand on what we were already doing: investing and building in a responsible manner, contributing positively to the communities and economies in which we operate.”The PRI promotes the incorporation of ESG factors into the investment decision-making process. Launched in April 2006 with support from the United Nations (UN), the PRI has over 3,000 participating financial institutions. As of July 2020, 53 participants are from Latin America or invest primarily in the region. By becoming signatories to the PRI’s, these institutions  assume the six key principles and commit to file regular reports on their progress. The six principles of PRI include to generally invest according to ESG criteria, seeking that the entities in which they invest also replicate the  ESG practices. Please visit https://www.unpri.org/ for more information.

TC Latin America Partners is registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC); the Firm is based in New York City and has regional offcies in Lima, Bogotá, and Mexico City. As such, the Firm prides itself in following global, institutional processes when investing. TC’s current funds are invested in residential, commercial, industrial, mixed use, healthcare and digital real estate assets in the region, using a diversity of capital structures across the board – from senior secured and mezzanine debt, to equity and preferred equity. The ability to invest across some of the main Spanish-speaking Latin American markets, in several real estate asset classes and implementing different capital structures, gives TC Latin America Partners the flexibility to source and invest in opportunities in any of its target markets at any given time, without being constrained to any single market or asset type.

With Latin America deeply affected by the COVID-19 pandemic, TC believes that, more than ever, the region will need access to international capital and know-how to recover from the crisis. By investing in the region’s real estate sector, TC Latin America Partners expects to responsibly contribute to the development of the region’s key infrastructure, in this critical moment. The Firm currently identifies particular and attractive investment opportunities, in real estate assets related to the healthcare and telecommunications sectors, two areas that have proven to be essential during this period, complementing TC’s  traditional focus on for-sale residential projects.

The Firm’s current investment vehicles are funded mainly by a combination of pension funds and family offices in Latin America, Europe, the Middle East and the U.S.. They welcome the Firm’s becoming a signatory of the PRI, as it reflects TC’s long term commitment to socially responsible investing, and mirrors their own values and goals.

About TC Latin America Partners 

TC Latin America Partners is an institutional real estate fund manager that invests with an opportunistic approach in the real estate sector in Latin America. The Firm is registered as an investment adviser with the SEC in the United States, and has offices in New York, Bogotá, Lima, and Mexico City. TC Latam was founded in 2012 by Gregorio Schneider and Daniel Grunberg, who have worked together in various capacities since 2005.

Contactos de prensa

TC Latin America Partners
info@tclatam.com

Miranda Media & PR
María José González de Cossío, Partner
maria.gonzalez@miranda-partners.com
Tel: +52 (55) 51676086
www.miranda-partners.com/media

Legal Disclaimer

THIS IS NEITHER AN OFFER TO SELL NOR A SOLICTATION OF AN OFFER TO BUY AN INTEREST IN ANY INVESTMENT FUND.  SUCH AN OFFER OR SOLICITATION MAY BE MADE ONLY TO ELIGIBLE PURCHASERS PURSUANT TO A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM.  THERE CAN BE NO ASSURANCE THAT ANY INVESTMENT PROGRAM WILL ACHIEVE ITS INVESTMENT OBJECTIVES OR THAT LOSSES WILL NOT OCCUR. SOME OF THE STATEMENTS CONTAINED HEREIN CONSTITUTE FORWARD-LOOKING STATEMENTS, WHICH RELATE TO FUTURE EVENTS OR THE FUTURE PERFORMANCE OR FINANCIAL CONDITION OF THIS INVESTMENT. FORWARD-LOOKING STATEMENTS INVOLVE RISKS INCLUDING STATEMENTS AS TO FUTURE OPERATING RESULTS, BUSINESS PROSPECTS, THE FUTURE SUCCESS OF THE GENERAL ECONOMY AND ITS IMPACT ON ANY INVESTMENT. THE INFORMATION HEREIN IS PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY, MAY NOT BE FULLY INDICATIVE OF ANY PRESENT OR FUTURE INVESTMENTS, MAY BE CHANGED AT THE DISCRETION OF TC WITHOUT NOTICE. REGISTRATION AS AN INVESTMENT ADVISER DOES NOT IMPLY A CERTAIN LEVEL OF SKILL OR TRAINING.

GARCIA’S TAKE: PE Investors Set Their Eyes on Peru

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By Luis Garcia
January 2018

 

Peruvian private-equity firm Enfoca last week announced what was possibly the largest secondary deal ever involving a Latin American firm. The nearly $1 billion fund restructuring was also a remarkable bet from two large investors, Goldman Sachs Asset Management and the Canada Pension Plan Investment Board, on a country that until few years ago accounted for just a tiny portion of Latin America’s private-equity industry.

A combination of economic growth, political stability, a growing middle class and favorable government policies has attracted more private-equity investors to Peru and other Andean countries, especially Colombia. Investor optimism about Peru only grew after the election, in 2016, of President Pedro Pablo Kuczynski—himself a former partner at a private-equity firm, although Mr. Kuczynski narrowly escaped impeachment in December.

Private-equity funds focused on the Andean region raised $304 million in the first three quarters of 2017, or about 12% of Latin America’s total fundraising, according to the latest data available from Emerging Markets Private equity Association, an industry trade group. That percentage went up from only 2% in 2014, while Brazil’s contribution to the region’s total fundraising dropped from 38% to 19% during the same period, Empea’s data showed.

Enfoca invests in a variety of sectors more exposed to consumer spending, such as retail, education, health care and transportation. But more specialized private-equity firms also are expanding their presence in Peru, in a sign of the diversity of opportunities investors are finding there.

New York-based TC Latin America Partners, for one, is backing real-estate projects in Arequipa, while Latin America-focused HMC Capital is investing in bonds issued by Peruvian midmarket businesses. TC Latin America and billionaire Sam Zell’s firm Equity International also backed a $230 million pool that telecommunication investor Digital Bridge Holdings collected last year to finance the expansion of a cell-tower company in Colombia and Peru.

Peru also might be benefitting from the turbulence that Brazil and Mexico, Latin America’s largest private-equity markets, faced in recent years, including a massive corruption investigation and potential threats to the North American Free Trade Agreement, respectively.

Those countries face more uncertainty as both will hold presidential elections this year.

Once those elections have passed, however, private-equity investor interest in Brazil and Mexico may surge once again, potentially drawing attention away from the Andean countries.

Still, Enfoca’s secondary deal shows that, at least for now, Peru’s private-equity market has room to shine.

Source: WSJ PRO – Private Equity

https://www.wsj.com/articles/garciastakepeinvestorssettheireyesonperu1516192201

ANDEAN TOWER PARTNERS ACQUIRES LATAM’S TORRES UNIDAS

Posted on by Admin

By Jason McGee-Abe
December 2017

 

The acquisition from Boston-based investment firm Berkshire Partners, which has also invested in Lightower, Crown Castle and Telx, has added 1,644 sites to ATP’s portfolio of digital communication infrastructure assets, making it the largest privately-owned tower company in the Andean Region. ATP now owns over 2,150 sites, and manages more than 32,000 master leased sites and 13 small cell networks deployments.

Daniel Seiner – Torres Unidas Daniel Seiner, CEO of Torres Unidas, will be CEO of the combined company, which now offers 34,150 wireless locations in Chile, Colombia and Peru. Estrella Zaharia will continue with her responsibilities as chief marketing officer.

“The combined portfolio will give Andean Tower Partners an enhanced footprint in the region, and we are eager to continue to help operators densify their 4G networks and bring the dream of 5G to life in our region,” said Seiner.

“These are exceptionally high-quality assets and locations that will allow us to offer an even more compelling value proposition to carriers as they look for a preferred partner that can deliver a full suite of solutions to support their growth in the region.”

Founded by Digital Bridge in 2015, ATP owns, operates and manages telecommunications towers, rooftops, small cells and distributed antenna systems solutions for mobile operators.

“We are excited about the continued progress of ATP following our successful institutional capital raise earlier this year,” added Marc Ganzi, chairman of ATP, and founder and CEO of Digital Bridge Holdings. “We see a significant tower deficit in the Andean Region, and this acquisition will enhance ATP’s ability to meet an increasing need for telecom infrastructure as our wireless carrier partners continue to densify their networks to keep up with anticipated data consumption in the region. We are also equally excited about the combination of these two management teams to ensure execution of our business plan and most importantly meeting the coverage objectives of our customers in the region.”

Equity financing for the transaction was provided by ISA, The Olayan Group, Equity International, and TC Latin America Partners, who collectively committed $230 million earlier this year, and followed on with additional commitments to support the acquisition. In addition to the existing investor group, Colony NorthStar also committed to the transaction in partnership with Digital Bridge Holdings.

Since inception, Digital Bridge has raised over $7.5 billion of equity and debt capital used to acquire and invest in all three core pillars (data centres, towers and fibre/small cells) of mobile and internet infrastructure through six businesses, including: Vantage Data Centers, DataBank, ExteNet Systems, Vertical Bridge, Andean Tower Partners, and Mexico Tower Partners.

Scotiabank was lead arranger and bookrunner for the financing and acted as ATP’s financial advisor.  Linklaters LLP provided legal counsel to ATP.

Financial terms of the private transaction were not disclosed.

Source: Capacity Media

https://www.capacitymedia.com/articles/3776176/Andean-Tower-Partners-acquires-Latams-Torres-Unidas

MIRANDA & AMADO Y ESTUDIO MUÑIZ EN ADQUISICIÓN de 80% de proyecto de Grupo Inmobiliari

Posted on by Admin

By Rosa E. Ramos
May 2017

 

TC Latin America Partners (https://tclatam.com), fondo de gestión de activos, adquirió 80 % del proyecto inmobiliario Villa In El Polo, ubicado en el distrito de Santiago de Surco, en Lima. La operación se concretó este 8 de mayo por USD 12 millones. Con ello la compañía obtuvo el control del proyecto residencial propiedad de Grupo Inmobiliari (http://www.inmobiliari.com.pe) (del grupo empresarial Ingroup).

 

En esta transacción, TC Latin America Partners fue apoyada legalmente por Miranda & Amado Abogados mientras que Grupo Inmobiliari fue asesorado por Estudio Muñiz, Ramírez, Pérez-Taiman & Olaya Abogados y asesores internos.

Estudio Muñiz explicó que la operación se hizo a través de la compra de 100 % de Inmobiliaria Jufer S.A.C. y 58 % de Promotora Inmobiliaria Monterrico S.A.C. El proyecto residencial Villa In El Polo consta de cinco etapas y un total de 941 departamentos, de uno y hasta tres dormitorios. El proyecto ofrece más de 20.000 metros cuadrados de áreas libres, entre parques, zonas verdes y vías peatonales y vehiculares. Además, cuenta con salas de usos múltiples, salas de cine y espacios deportivos.

Inmobiliari tiene cerca de 10 años de trayectoria en el desarrollo de proyectos residenciales en los distritos limeños de San Isidro, Surco, Barranco y La Molina.

Asesores de TC Latin America Partners:

Miranda & Amado Abogados: Socios Luis Marcelo De Bernardis, Nathalie Paredes y Rocío Liu. Asociados María Pía Talavera, Patricia Casaverde y Luis Miguel Sánchez.

Asesores de Grupo Inmobiliari:

Abogado in-house: Antonio Valiente.

Estudio Muñiz, Ramírez, Pérez-Taiman & Olaya Abogados: Socios Mauricio Olaya y Juan Carlos Vélez.

 

Source: Lexlatin

https://lexlatin.com/noticia/miranda-amado-estudio-muniz-adquisicion-80-proyecto-grupo-inmobiliari

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