Nik Sachdev has been working as a Partner at Convergent Capital Partners for 15 years. He was responsible for directing the firm's strategy, capital raising, and managing the risk in the firm's investments. Nearly a decade ago, when then-newly formed Convergent Capital Partners began acquiring real estate with $10 million it had raised, the company's goal was simple. . While the privately owned company doesn't talk about returns on individual investments, "we've been successful in all projects to date," Sachdev says. Send Message. Mr. Govindaraju obtained a Bachelor of Science in Finance and Entrepreneurial Management from the Wharton School of the University of Pennsylvania and concurrently earned a B.A.S. That's how we establish credibility. ORIAS N 07023493 (www.orias.fr). There are a lot of firms in Florida that bought mortgages with the intent to foreclose and own the asset, and they've done very well, but our focus wasn't that. Today, the 113,000-square-foot urban retail and office center is 97% committed, following a $15 million renovation and leases with Physicians Partners, Total Quality Logistics, American Social and others. In 2003, he designated as the Young Minority Business Person of the Year and honored as onof the "Top 30 Under 30" by the Tampa Bay Business Journal. Its a very time-intensive business, but its also fun and rewarding, he says. The borrower knows the asset best. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. But we have invested in other areas and continue to look. When it sold late last year, it was more than 90% committed. Cables de charge (si vhicule lectrique) : Prsence de corrosion sur la carrosserie : Le vhicule procde un gps / camra de recul ajouts et laisss par le propritaire. Convergent Capital sold the 279-room hotel, at 301 S. Gulfview Blvd., in early 2016 for $120.5 million. It could be both office and retail, or it could be just office. Convergent Capital Partners Location 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States Description Industry Finance General Finance Discover more about Convergent Capital Partners Org Chart - Convergent Capital Partners Paul Erdman Le gps est calibr en fonction des volumes du vhicule. This vehicle can be delivered to your home in 48 hours. There are a lot of different options we can pursue there. We use cookies to improve and personalize your browsing experience, analyze our traffic, and provide social networking features. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. 2 Place Jean-Jaurs. When the company bought the former Shops at Harbour Island, at 601 S. Harbour Island adjacent to the Westin Tampa Harbour Island hotel, in August 2014 for $7.5 million, it was just 25% occupied, by restaurant Jacksons Bistro. The representative example is for a financing made on 05/01/2021 and a first maturity on 05/02/2021. Among its better-known local holdings: the Hyatt hotel in Clearwater and the Knights Point center on Tampa's Harbour Island, home of the popular Jackson's Bistro and many now-vacant storefronts. L'quipement avait tait achet 577+270 euros de pose. Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. 30 years later in Tampa, USF friends make Hollywood dreams come true, How a gay bar made downtown Dunedins business culture bloom, No charges filed in the shooting death of 19-year-old University of Tampa student, You know what, guns actually do kill people | Letters, Seminole Heights serial killings case ends with guilty plea, 4 life sentences, Tampa voters pick Maniscalco for District 2 City Council, Top Tampa Bay area events for the week of April 24-30, Tampa Bay office buildings add perks, in part to attract millennials. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. The company's real estate holdings include among others 121 units in the 168-unit Legacy at Tampa condominium and 46 units at The Palms at Riviera Dunes in Palmetto. Location This real estate private equity firm makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. Affected credit from 5,000 to 120,000 subject to acceptance by Cofidis SA Directoire et conseil de surveillance au capital de 67 500 000 . He is a physician and avid traveler, who enjoys spending time with his wife and their two children. This real estate private equity firm makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. Santosh is responsible for sourcing the acquisitions, defining exit strategies, negotiating workouts, and overseeing strategy. Bonjour, Mr. Isenbergh brings a wealth of building experience to Anand Vihar. Get a quote for your financing plan in just a few clicks. P Read More Contact Santosh Govindaraju's Phone Number and Email Last Update 3/9/2023 4:04 AM Email s***@convergentcap.com Engage via Email Contact Number (813) ***-**** Engage via Phone Mobile Number Agent | Closed Until 06:30 Tampa-based Convergent Capital Partners, a private real estate equity firm, has purchased Mercury Insurance Co-Floridas Clearwater office building in a $19.6 million deal. Mr. Govindaraju was named the IndoUS Chamber of Commerce Businessman of the Year for 2002. We sold it about six months ago and it was 90 percent occupied. After Tampa Bay WaVe connected him to Harness, he reconsidered his reluctance. "They can grow rapidly with relative ease," Govindaraju said of Harness. Its a tricky time, and the one thing is we know what we dont want to do, Sachdev says. Information on the people and the population of Sax. 1115 Narmada Way, Wesley Chapel, FL 33543. Convergent Media was formed to invest in and produce independent films, and to date, the nascent firm has two credits to list entitled Bernie the Dolphin and a murder mystery called The Night Clerk with Tye Sheridan and Helen Hunt with a third now in production. Sachdev says the new directions represent the latest in a gradual evolution for the company, which turned 10 years old last September. What are your plans for the Universal Health Care building? Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. We always do what we say. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. Santosh Govindaraju, CEO; View Website. Here are all the details of Sax available below. He was recently honored for his medical services, and recognized as a top physician in Tampa Bay. Minneapolis, MN / Newport Beach, CA Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh Govindaraju. 05 63 74 71 76. International: +33 5 63 74 71 76. Make sure you are able to repay it before making a contractual commitment. Wikicampers offers you a 3-month SECUR warranty. What does a company formed to buy and turn around distressed commercial real estate properties do when there are few such properties to be had? Languages spoken: By continuing to browse our site, you declare that you accept their use. - Il y a un petit choc l'arrire, il sera rpar pour la vente Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. Santosh began his career at Lehman Brothers in 1997 in New York as a trader of fixed income derivatives, including various U.S. Dollar interest rate products such as swaps, caps, and floors. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. Phonism is a cloud company that has developed tools allowing voice over Internet-Protocol phone service providers to reduce support costs. We care about your new community, and look forward to creating this special place for you. All Rights Reserved. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. We saw the opportunity that was in the (real estate) market with the economy the way it was. It was sold to a partnership led by Lincoln Property Co. late last year for $39.35 million, records show. One industry we're very bullish on is hospitality. 24/7 technical support for vehicle operation. This episode, he discusses his transition to real estate investing and what's next for the Tampa market. After roughly $15 million improvements, the property opened as a 130-room Aloft Hotel. Convergent Capital Partners Tampa, Florida, United States 520 followers 500+ connections Join to view profile SAGE Development Group About I am currently pursuing my Master's of Science in. 2019 Anand Vihar LLC. [Handout photo] By Times Staff Published. His two children attend high school here, and he and his wife founded a charter high school for exceptional children. Get a quote for your financing plan in just a few clicks. That allows you to attract the best talent because anyone who goes into filmmaking aspires to win an Oscar.. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. Santosh and his firm, Convergent Capital Partners, have been providing equity and debt investment options in a variety of Florida commercial real estate for over 17 years. Govindaraju says film investments can yield five- to 10-times the capital placed in them. Do you expect more investments in the Tampa Bay area? Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. At Since 2008, when the economy teetered dangerously close to collapse, Convergent has acquired more than $460 million worth of mortgages and real estate including hotels, gas stations, medical offices, luxury condos and even a golf course. Mr. Govindaraju has been investing as a principal in commercial real estate since 1999. Use the CB Insights Platform to explore Convergent Capital Partners's full profile. Mr. Govindaraju also serves on the Board of Directors of Stageworks and on the Board of Trustees of Academy at the Lakes. Thanks to our partner AutoViza, get it here in just one click. Founded in 1999, Convergent Capital is an SBIC fund manager dedicated to being a valued resource to lower middle market companies with capital needs. With over 150 years of combined experience in Florida real estate, Convergent is a pre-eminent and dominant player in Florida's real estate markets. At the beginning we were buying a lot of distressed notes and mortgages on big real estate projects hotels, apartment buildings, completed townhome projects, office projects where the borrowers were just too overleveraged. With over 150 years of combined experience in Florida real estate, Convergent is a pre-eminent an Read More Contact Who is Convergent Capital Partners Headquarters We see a lot of room for growth and we want to be part of it. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. Santosh Govindaraju is the Portfolio Manager of Convergent Capital Partners LLC, a real estate private equity firm focused on opportunistic real estate investments primarily in Florida. Convergent Medias goals go beyond recognition, however. Santosh Govindaraju is a Founding Partner, Chief Executive Officer and Portfolio Manager at Convergent Capital Partners based in Tampa, Florida. In late 2015, it was sold for $30 million. Its hard to plan for the future when the real estate market appears to be at its peak, Sachdev says. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. We want to add a marina. With its recent purchase of Universal Health Care's former headquarters, Convergent Capital Partners instantly established itself as an important player in downtown St. Petersburg's torrid office market. Dimensions des pneumatiques conformes la monte d'origine : Prsence de fume anormalement importante l'chappement : Kilomtrage ou date du prochain entretien : Prsence d'-coups au passage des vitesses : Dfaut stipul en "portire arrire", ce sont des traces de goudron. Knights Point is one of the few remaining waterfront sites in Tampa that is not as fully developed as it should be. John Mason Co-Founder, Investment Committee Member. At 100 W. Kennedy Blvd., in downtown Tampa, Convergent Capital and Liberty Group paired up in May 2012 to acquire the former Mercantile Building from the Federal Deposit Insurance Corp. for $2.2 million. At. Focusing on development and the turnaround of commercial real estate projects, Santosh has applied his creative vision in the investment of over $1 billion of both equity and debt in commercial real estate throughout the United States. We bought it when it was very, very distressed, and put a lot of resources and money into it, and now it's a thriving apartment community that was 15 percent occupied when we bought it. We promise to provide you with quality, value and peace of mind. In an interview last week with the Tampa Bay Times, Sachdev discussed Convergent's beginnings, its investment strategy and why it's bullish on Tampa Bay. Convergent Capital is working to install a boardwalk and 50-slip marina on the property, and next year, Jacksons Bistro is slated to begin a major overhaul of its restaurant, which combined will likely add even greater value. We want to sit down with our team and officials in St. Pete and work on a plan that would be successful for everyone. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. Santosh Govindaraju, Convergent Capitals CEO, says there are many similarities between the real estate business and filmmaking. As Anand Vihars Director of Sales, Mr. Patel interacts with hundreds of active adults throughout the US and the world as they look to make Tampa Bay and Anand Vihar their future home. With over 150 years of combined experience in Florida real estate, Convergent is a pre-eminent and dominant player in Florida's real estate markets. Convergent is a pre-eminent and dominant player in Florida's real estate markets. Santosh Govindaraju, Convergent Capital Partners LLC: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas,. It was a very difficult time, but we found a group of high-net-worth individuals who trusted us. Seul la camra de recul sera contrle en mme temps que le test d'tanchit, car la vido ne se diffuse pas. About Convergent Capital Partners. Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. our sites and services. Find below the times of sunrise and sunset calculated 7 days to Sax. He is responsible for the strategic direction and growth of the company. Harness, a company founded by Miraj Patel and Andrew Scarborough, will receive $1.2 million from a group of investors led by Santosh Govindaraju, CEO of Convergent Capital Partners, a real estate private equity firm in Tampa with $250 million in assets. Example of loan financing over 161% months for this vehicle sold for 45 300,00, including tax and VAT: Insurance intermediary registered with the ORIAS under the number 07023493. Santosh Govindaraju, CEO of Convergent Capital Partners in Tampa Nola Laleye By Ashley Gurbal Kritzer - Real Estate Editor, Tampa Bay Business Journal Jul 27, 2018 In the back of his. Help The acquisition, which closed March 29, includes the eight-story, 157,379-square-foot office building as well as a five-story parking garage at 1901 Ulmerton Road. Krishna Nallamshetty and Seenu Sanka, long-time residents of Tampa Bay and local entrepreneurs, partnered with two of the leading real estate developers in Florida, Santosh Govindaraju, CEO of Convergent Capital Partners, and Eric Isenbergh, CEO of Oxford Homes, to turn their vision into a reality..

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