Equibase Capital Group L.L.C. and WestCorp Management Group have partnered to create a strategic joint venture that will pursue multi-family investment opportunities throughout the United States. The JV will focus on \u201cvalue-add and opportunistic investment situations including direct asset acquisitions and purchases of performing and non-performing debt,\u201d according to a prepared statement. \u201cEquibase has had a long and successful track record investing with [WestCorp chairman] Kenneth M. Woolley and his team in both multi-family and self-storage assets,\u201d Michael Husman, managing principal of Equibase, said in the statement. The JV will not be a separate corporate entity, an Equibase spokesperson told CPN today, and will draw its funds solely from the two partner companies. The spokesperson declined to discuss the venture\u2019s initial capitalization, but did say that the venture \u201cwill opportunistically pursue a range of transaction sizes.\u201d \u201cThe JV will be looking for value-added and opportunistic situations in which WestCorp\u2019s multi-family property management platform can maximize the value of the asset,\u201d the spokesperson said, adding that all types of debt would be considered by the JV, including non-performing CMBS. Founded by Ken Woolley, founder & CEO of Extra Space Storage, WestCorp is a real estate investment and management firm focusing on multi-family and is part of the Nevada West Development family of companies. Nevada West has completed more than $600 million of development and redevelopment projects since 1991. Founded in 1990, Equibase is a provider of mezzanine debt and equity capital to middle-market real estate clients.<\/p>\n","protected":false},"excerpt":{"rendered":"
Equibase Capital Group L.L.C. and WestCorp Management Group have partnered to create a strategic joint venture that will pursue multi-family investment opportunities throughout the United States. The JV will focus on \u201cvalue-add and opportunistic investment situations including direct asset acquisitions and purchases of performing and non-performing debt,\u201d according to a prepared statement. \u201cEquibase has had…<\/p>\n","protected":false},"author":1314,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1003804187","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n