{"id":1004192435,"date":"2017-10-03T03:13:35","date_gmt":"2017-10-03T11:13:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004192435"},"modified":"2022-12-08T14:51:06","modified_gmt":"2022-12-08T22:51:06","slug":"morgan-stanley-to-buy-mesa-west-capital","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/morgan-stanley-to-buy-mesa-west-capital\/","title":{"rendered":"Morgan Stanley to Buy Mesa West Capital"},"content":{"rendered":"

By Scott Baltic, Contributing Editor <\/em><\/p>\n

\"Jeff<\/a>

Jeff Friedman, Mesa West Capital co-founder<\/p><\/div>\n

Morgan Stanley Investment Management will purchase Mesa West Capital LLC, according to an agreement announced by Morgan Stanley. No dollar figure was released in connection with the transaction.<\/p>\n

Mesa West, which has more than $5 billion in gross assets under management, will keep its name and will operate as a separate business unit within MSIM\u2019s Real Assets group, which currently manages $47 billion in client assets. Mesa West will also remain headquartered in Los Angeles, and its senior management, led by Co-Founders Jeff Friedman and Mark Zytko, will continue to manage the company on a day-to-day basis.<\/p>\n

\u201cMesa West is a perfect addition to our suite of strategies across real assets and private credit. We are excited to have the Mesa West team join MSIM, and we are confident that the combination will be seamless given their shared focus on clients, strong investment performance and collaborative culture<\/em>,\u201d Dan Simkowitz, head of MSIM, said in a prepared statement.<\/p>\n

\"Mark<\/a>

Mark Zytko, Mesa West Capital co-founder<\/p><\/div>\n

\u201cMSIM is the ideal long-term strategic partner for Mesa West. Its strong commitment to real estate and deep global relationships and resources will help us continue to provide the best solutions and investment performance for our investors and long-term opportunities for our team<\/em>,\u201d Friedman and Zytko added.<\/p>\n

The transaction is expected to close in the fourth quarter.<\/p>\n

Mesa West declined to provide additional information about the transaction to Commercial Property Executive<\/em>.<\/p>\n

Strong track record<\/h2>\n

Since its inception in 2004, Mesa West has originated more than 250 loans totaling about $12 billion. The company deploys capital primarily through originating transitional first mortgages to strong sponsors in core and secondary markets in the U.S.<\/p>\n

The company describes its platform as focused on \u201cproviding borrowers short-to-medium term balance sheet capital for property acquisitions and recapitalizations of existing assets<\/em>\u201d through loans of up to 75 percent LTV\/LTC \u201cfor core to value-add transitional assets\u2026.<\/em>\u201d<\/p>\n

In transactions earlier this year, Mesa West:<\/p>\n