convergent capital partners santosh

At the same time, the company has hedged its risk exposure by investing with partners and by covering expenses through the sale of distribution rights and other means. Santosh Govindaraju, Convergent Capitals CEO, says there are many similarities between the real estate business and filmmaking. Govindaraju said he wasn't comfortable with tech investment when he first looked at the sector nearly 20 years ago. Keith Bares Co-Founder, Investment Committee Member. GTC, 2023 Wikicampers. Such was the case at 490 First Ave. South, in downtown St. Petersburg, where Convergent Capital partnered with New Jersey-based office specialist Denholtz Associates. This episode, he discusses his transition to real estate investing and what's next for the Tampa market. Information on the people and the population of Sax. The risk there was that so-called group business often is more predictable, albeit at lower room and food and beverage rates, than individual travel. Part of the Tampa-based companys shift has involved preferred equity lending, from a roughly $50 million unleveraged fund it closed in August 2017. Govindaraju says film investments can yield five- to 10-times the capital placed in them. Why do you think Convergent has been successful so far? Tampa Bay home sales are down. Govindaraju, who spent three months studying the business at the University of California at Los Angeles famed film school, says he now spend roughly one quarter of his time on the media concern. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. 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. Santosh is responsible for sourcing the acquisitions, defining exit strategies, negotiating workouts, and overseeing strategy. 81710 SAIX. You can read more about your cookie choices at our privacy policyhere. We sold it about six months ago and it was 90 percent occupied. But with years of tourist gains statewide and a laser-like marketing campaign by state and regional officials, Clearwater Beach has become one of Floridas most widely-visited tourist destinations. The dealer is mandated on a non-exclusive basis to assist in the execution of the credit agreement without acting as a lender, he has no power to grant or manage the credit. Join us at the Muma College of Business (BSN 225) on March 9th from 6:30-7:30 PM for an exciting presentation by Santosh Govindaraju, Founder and CEO of Convergent Capital Partners. Since its founding in 2008, the firm has invested over $2 billion in real estate assets and debt, according to the companys profile. Convergent Capital sold the 279-room hotel, at 301 S. Gulfview Blvd., in early 2016 for $120.5 million. Convergent Capital Partners owns Knights Point , a. our sites and services. Meet the NY billionaire building Tampa Bays tallest condo tower, This Clearwater Beach condo just sold for a record breaking $9.5 million. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. Independent films win Oscars, Govindaraju says of the Academy Awards. Our main focus right now is on creating upside while limiting and protecting our downside. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. We're very selective, but once we identify an asset class we move quickly. Santosh Govindaraju, Convergent Capital Partners LLC: Profile and Were very selective about who we do deals with, but once we form a partnership, well follow them wherever they want to go, and always were investing on a risk vs. reward basis, Sachdev says. Convergent Capital Partners. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. L'quipement avait tait achet 577+270 euros de pose. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. But its a tough time to buy real estate.. Other previous investments include the 250-room Hyatt Regency Clearwater Beach Spa and Resort, which it purchased in 2013 and sold in 2016 for $120.5 million. Because we know were only as good as our last deal.. Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. So the core competencies are largely the same. Whether you're ready to experience nomadic travel for the first time or have already been won over by the joys of the open road, you've come to the right place! "Now, it's a different world.". Languages spoken: While the privately owned company doesn't talk about returns on individual investments, "we've been successful in all projects to date," Sachdev says. Santosh Govindaraju, Convergent Capital Partners LLC: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas,. Distance (in kilometers) between Sax and the biggest cities of France. Anand Patel is president of Pangea Realty and Development Group. We care about your new community, and look forward to creating this special place for you. 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. site you are consenting to these choices. Why did you want mortgages instead of the actual property? 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. Nik Sachdev - Partner - Convergent Capital Partners | ZoomInfo Santosh graduated from the University of Pennsylvania's prestigious Jerome Fisher Program in Management and Technology (M&T), with a Bachelor of Science in Economics with concentrations in Finance and Entrepreneurial Management from the Wharton School, a Bachelor of Applied Science in Systems Engineering from the School of Engineering & Applied Science, and minors in Theater Arts, Mathematics, and South Asian Studies. Convergent Capital. 1115 Narmada Way, Wesley Chapel, FL 33543. His other goal for Convergent Media is to be a part of, and win recognition at, celebrated annual film festivals such as ones in Cannes, France, or Toronto. Our team has selected for you a list of hotel in Sax classified by value for money. His two children attend high school here, and he and his wife founded a charter high school for exceptional children. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Convergent Capital joins Park Square ownership - Business Observer Want more of our free, weekly newslettersinyourinbox? We want to maintain relationships with all these people because they are dealmakers. 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. Harness has developed an app allowing users to "round-up" credit or debit card purchases with the change automatically donated back to their favorite charity. Convergent Capital Partners Location 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States Description Read More Industry Finance General Finance Follow @susanskate. But Govindaraju, who becomes a new member of the company's board of directors, said his share is a personal investment unconnected to Convergent. He was recently honored for his medical services, and recognized as a top physician in Tampa Bay. The complete history of this vehicle is available online. Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. Insurance intermediary registered with the ORIAS under the number 07023493. "But the focus for so many of these individuals and groups is real estate.". Mr. Govindaraju also serves on the Board of Directors of Stageworks and on the Board of Trustees of Academy at the Lakes. Book your hotel room at the best price. Find all the information of Sax or click on the section of your choice in the left menu. In film, youre developing intellectual property, whereas in real estate, youre developing or investing in real property.. Wall Street Lessons . The Universal Health Care building, we were able to buy 130,000 square feet in the heart of St. Petersburg for below replacement cost when St. Petersburg is growing phenomenally. 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 Mr. Govindaraju is a Tampa native, and a graduate of the prestigious Wharton School of Business. The investment group, which seeks value-add, opportunistic and specialty situation investments, has made numerous significant investments in the local market in acquiring office buildings, retail centers and apartments. Mr. Govindaraju began his career at Lehman Brothers in New York as a trader of fixed income derivatives, including various U.S. Dollar interest rate products such as swaps, caps and floors. By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy. As a private equity investor with extensive experience in real estate development and redevelopment, Santosh will provide valuable . You last contacted this investor on . Find below the times of sunrise and sunset calculated 7 days to Sax. 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. m, Consumption : 11 490 First Ave. South in downtown St. Petersburg was 46% occupied when Convergent and partner Denholtz Associates bought it. Location Driven | Business Observer He has served as Chairman of the Board of Directors of the IndoUS Chamber of Commerce, and is past President of the Asian American Chamber of Commerce. Sax, Tarn, Occitanie, France - City, Town and Village of the world From growth, acquisition, and recapitalization situations, we approach every funding project as a unique opportunity to help make a difference in small businesses, their people, and communities. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. The California-based insurance company purchased the building in 2005 for approximately $24.88 million. Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Then we bought a large apartment complex of over 150 units in the USF area, the St. Moritz. Its a very time-intensive business, but its also fun and rewarding, he says. It was a very difficult time, but we found a group of high-net-worth individuals who trusted us. After Tampa Bay WaVe connected him to Harness, he reconsidered his reluctance. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. Santosh Govindaraju, CEO; View Website. Santosh Govindaraju, Chief Executive Officer, Convergent Capital Partners 109 N. Brush Street, Suite 260 Tampa, Florida 33602 Phone: (813) 280-2000 Fax: (813) 200-2001 Web Accessibility Team Convergent Convergent Capital For even more peace of mind, extended warranties will be available when you purchase. Santosh is a member the Samuel Zell and Robert Lurie Real Estate Center at the Wharton School of the University of Pennsylvania, The Committee on Foreign Relations, and Leadership Florida. Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. In late 2015, it was sold for $30 million. Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. 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. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. Make sure you are able to repay it before making a contractual commitment. 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 past President of the Asian American Chamber of Commerce. Oceanic climate (Kppen climate classification: Cfb), Copyright 2023 DB-City - All rights reserved. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States.

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