{"id":1004018539,"date":"2010-03-23T13:16:23","date_gmt":"2010-03-23T21:16:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004018539"},"modified":"2022-12-07T22:01:22","modified_gmt":"2022-12-08T06:01:22","slug":"trecap-acquires-capmark-and-a-4-3b-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/trecap-acquires-capmark-and-a-4-3b-portfolio\/","title":{"rendered":"Trecap Acquires Capmark \u2013 And a $4.3B Portfolio"},"content":{"rendered":"<p>March 23, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004018540\" style=\"width: 160px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/Bob-Jagendorf.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004018540\" data-attachment-id=\"1004018540\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/trecap-acquires-capmark-and-a-4-3b-portfolio\/bob-jagendorf\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/Bob-Jagendorf.jpg\" data-orig-size=\"500,379\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Bob Jagendorf\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user Bob Jagendorf&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/Bob-Jagendorf.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/Bob-Jagendorf.jpg\" alt=\"\" title=\"Bob Jagendorf\" width=\"150\" height=\"150\" class=\"size-thumbnail wp-image-1004018540\" \/><\/a><p id=\"caption-attachment-1004018540\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user Bob Jagendorf<\/p><\/div>\n<p>In a significant deal involving distressed assets, TRECAP Partners LLC has acquired the real estate equity investment advisory business of Capmark Investments LP, including investment management contracts and general partnership interests in its real estate equity funds. <\/p>\n<p>Included in the $4.3 billion portfolio are 129 multifamily and commercial properties in the U.S. as well as 41 commercial and multifamily assets in Europe. The investments are held in four U.S. funds, one United Kingdom fund and several single asset\/client accounts.<\/p>\n<p>Capmark\u2019s entire former real estate equity leadership team &#8212; Robert Fabiszewski, William Martin, Wayne Harris, Paul Dolinoy, and Gene Conway as well as 25 other employees, five of which are in the UK \u2013 will join TRECAP to continue managing the acquired funds and client accounts. <\/p>\n<p>Capmark declared Chapter 11 bankruptcy in late October 2009. As of that time, the company had in excess of $500 million of cash and cash equivalents to fund its operations. At the time of the bankruptcy, Capmark president and chief executive officer Jay Levine said: \u201cBy constraining the availability of capital \u2026 difficult market conditions had a negative effect on all our core businesses.\u201d<\/p>\n<p>In February, Hunt Companies, Inc. announced it would provide TRECAP with additional equity capital and support services to expand its real estate investment management businesses \u2013 both private equity and debt platforms. That included capital for the subsequent Capmark deal.<\/p>\n<p>TRECAP was founded in 2009 to provide investment and advisory services to investors as well as insurance firms and sovereign wealth firms. The company has offices in Sarasota, Philadelphia, San Francisco, Atlanta, Irvine, and London.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a significant deal involving distressed assets, TRECAP Partners LLC has acquired the real estate equity investment advisory business of Capmark Investments LP, including investment management contracts and general partnership interests in its real estate equity funds. <\/p>\n","protected":false},"author":936,"featured_media":1004018540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21742],"tags":[],"class_list":["post-1004018539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Trecap Acquires Capmark \u2013 And a $4.3B Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/trecap-acquires-capmark-and-a-4-3b-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trecap Acquires Capmark \u2013 And a $4.3B Portfolio\" \/>\n<meta property=\"og:description\" content=\"In a significant deal involving distressed assets, TRECAP Partners LLC has acquired the real estate equity investment advisory business of Capmark Investments LP, including investment management contracts and general partnership interests in its real estate equity funds.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/trecap-acquires-capmark-and-a-4-3b-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-03-23T21:16:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T06:01:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/Bob-Jagendorf.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"379\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-acquires-capmark-and-a-4-3b-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-acquires-capmark-and-a-4-3b-portfolio\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"Trecap Acquires Capmark \u2013 And a $4.3B Portfolio\",\"datePublished\":\"2010-03-23T21:16:23+00:00\",\"dateModified\":\"2022-12-08T06:01:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-acquires-capmark-and-a-4-3b-portfolio\\\/\"},\"wordCount\":285,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-acquires-capmark-and-a-4-3b-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/03\\\/Bob-Jagendorf.jpg\",\"articleSection\":[\"Finance\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-acquires-capmark-and-a-4-3b-portfolio\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-acquires-capmark-and-a-4-3b-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/trecap-acquires-capmark-and-a-4-3b-portfolio\\\/\",\"name\":\"Trecap Acquires Capmark \u2013 And a $4.3B Portfolio - 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