Recent News
02/24/2010
Strategic Capital Partners Hires Albert Gore III as Vice President of Business Developmenet
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01/05/2010
Strategic Capital Partners Acquires Timber Ridge Apartments
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07/09/2009
Strategic Capital Partners Names Mike Higbee Managing Director
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Strategic Capital Partners, Global Asset Alternatives Team Up to Invest in Florida Property
Destin multi-family project poised for long-term successStrategic Capital Partners, LLC (SCP) through its fund, Strategic Partners Value Enhancement Fund, has participated in the recapitalization of a 300-unit, Class "A" multi-family property in Destin, Florida through a partnership sponsored by Global Asset Alternatives (GAA) an Atlanta-based owner and operator. The partnership invested $9.4 million of equity into the property and assumed an existing loan from the Federal National Mortgage Association (Fannie Mae).
"Strategic Capital Partners is pleased to partner with an organization with such a strong reputation and track record as Global Asset Alternatives," said Fred Scott, Vice President of Acquisitions at SCP.
Added Dennis Pemberton, Managing Partner and CEO of GAA, "The current challenging capital markets environment has created opportunities to invest in attractive projects with exceptional prospects for long-term success. Our partnership with SCP and the existing ownership group created a win-win situation for all parties."
Strategic Capital Partners, LLC is a privately-held, real estate investment management firm that employs a value-added investment strategy of acquiring commercial and multi-family properties via joint ventures with experienced local real estate operators. SCP is focused on properties across the United States that can repositioned, re-leased and/or redeveloped. The Company is headquartered in Chicago with offices in Indianapolis and New York.
Global Asset Alternatives, LLC is a private real estate investment company based in Atlanta, Georgia. The firm's principal business is the acquisition, development and operation of high quality real estate assets.
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