August 16, 2010
\nBy Allison Landa, News Editor<\/p>\n
Private equity firm Pacific Coast Capital Partners, L.L.C. and the Ohio Public Employees Retirement System have formed a new joint venture to originate first mortgages. Focused nationwide, the joint venture will make loans secured by all major asset types: office, multi-familiy, retail, industrial and hospitality.<\/p>\n
Pacific Coast founding partner Don Kuemmeler said that due to the recession, there are fewer lenders willing to make and hold commercial real estate mortgages on their balance sheets and that the joint venture expects to hold the loans to maturity.<\/p>\n
Additionally, Adam Zoger, a principal in Pacific Coast\u2019s San Francisco office, said that the firm expects many opportunities for investment over the coming year.<\/p>\n
With more than $6 billion under management in multiple closed-end funds and joint ventures with institutional investors, Pacific Coast invests throughout the United States. The Ohio Public Employees Retirement System has assets of $68.3 billion and is the largest public pension fund in Ohio.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pacific Coast founding partner Don Kuemmeler said that due to the recession, there are fewer lenders willing to make and hold commercial real estate mortgages on their balance sheets and that the joint venture expects to hold the loans to maturity.<\/p>\n","protected":false},"author":936,"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":[21825,21742],"tags":[],"class_list":["post-1004022452","post","type-post","status-publish","format-standard","hentry","category-finance","category-latest"],"acf":[],"yoast_head":"\n