Were still looking for opportunities, but its tougher, says Nik Sachdev, a Convergent Capital managing partner. Convergent Capital Partners revenue is $4.1 M, Convergent Capital Partners has 12 employees, Convergent Capital Partners headquarters are located in 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States, Convergent Capital Partnerss main industries are: Finance, Venture Capital & Private Equity, Convergent Capital Partnerss CEO is Paul Erdman, Convergent Capital Partners appears in search results as Convergent Capital Partners LLC, Convergent Capital Partners, Convergent Management LLC, Get Free Access to Convergent Capital Partners Contacts Info. After roughly $15 million improvements, the property opened as a 130-room Aloft Hotel. The California-based insurance company purchased the building in 2005 for approximately $24.88 million. On Wikicampers, you will find the perfect camper to rent or to buy.Learn more, Promo Code 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. Well-located properties, history has shown, always come back the quickest from any downturn, and theres a recognition on our part that you have to pay a premium for that at present., "Our main focus right now is on creating upside while limiting and protecting our downside." That allows you to attract the best talent because anyone who goes into filmmaking aspires to win an Oscar.. Convergent Capital Partners is becoming a major player in Tampa Bay real estate Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh. We saw the opportunity that was in the (real estate) market with the economy the way it was. 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. 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. . You last contacted this investor on . Log In or Sign up to contact this investor. 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. Convergent Capital Partners Location 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States Description Read More Industry Finance General Finance The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Nik Sachdev, Managing Director, Convergent Capital Partners. Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. 81710 SAIX. Knights Point is one of the few remaining waterfront sites in Tampa that is not as fully developed as it should be. Govindaraju says the companys greatest success, though, was its turnaround of the Hyatt Regency Clearwater Beach Resort & Spa, on Clearwater Beach. Agent | Closed Until 06:30 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. 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 sold it about six months ago and it was 90 percent occupied. Founded in 1999, Convergent Capital is an SBIC fund manager dedicated to being a valued resource to lower middle market companies with capital needs. 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. Negotiates acquisitions, overseeing all investment activities, financial affairs, and forging partnerships, Chief Executive Officer & Portfolio Manager. 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. Were being careful, and only working with very strong operators. Independent films win Oscars, Govindaraju says of the Academy Awards. Born in New Zealand but having spent most his life locally, Anand, his wife and two children proudly call Tampa Bay home. He has built over 3500 homes, most recently 1700+ homes in Tampa Bay. Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. Convergent Capital Partners is an aggressive buyer of debt, which is currently valued at $250 million. He adds that he was drawn to more independent films because they tend to gain more critical acclaim than blockbusters. 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. Here are all the details of Sax available below. Its a very time-intensive business, but its also fun and rewarding, he says. Wikicampers offers you a 3-month SECUR warranty. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. Drs. It was sold to a partnership led by Lincoln Property Co. late last year for $39.35 million, records show. 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. We care about your new community, and look forward to creating this special place for you. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. Santosh Govindaraju, Convergent Capital Partners LLC: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas,. We are passionate about creating a strong, supportive community with excellent amenities. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh Govindaraju. 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 By continuing to browse our site, you declare that you accept their use. Find all the information of Sax or click on the section of your choice in the left menu. 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. Dr. Nallamshetty is a Florida native and has been an active member of the Tampa community for over 10 years. Insurance intermediary registered with the ORIAS under the number 07023493. Because we know were only as good as our last deal.. From 2008 to today, we have bought probably 50 mortgages and worked out 49 of them. 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. 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. 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. There, the company more than doubled operating profit in about three years, to just under $10 million, by executing a strategy that favored leisure travel over corporate business. Bonjour, Minneapolis, MN / Newport Beach, CA We have a highly skilled team with over 60 years of combined experience. This episode, he discusses his transition to real estate investing and what's next for the Tampa market. Castres, Occitanie, 81100. Follow @susanskate. 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. Why did you start Convergent in 2008, a terrible time for most new companies? Locate simply the city of Sax through the card, map and satellite image of the city. Linda Olson, president and co-founder of Tampa Bay WaVe, said the group has worked to overcome the challenge of finding funding for tech startups in a Tampa Bay business environment without rich venture capital sources. Insurance intermediary registered with the ORIAS under the number 07023493. Copyright 2023 CB Information Services, Inc. All rights reserved. current Chief Executive Officer, Santosh Govindaraju, CBI websites generally use certain cookies to enable better interactions with. Help His wife and three sons are actively involved in the Indian community in Tampa. At. While the privately owned company doesn't talk about returns on individual investments, "we've been successful in all projects to date," Sachdev says. Get a quote for your financing plan in just a few clicks. Since founding the firm in September 2008 through 2014, Santosh has led the team in the acquisition of approximately $550 million in commercial real estate assets. g commercial mortgages and real estate. . 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. About Convergent Capital Partners. 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. 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. Mr. Govindaraju has been investing as a principal in commercial real estate since 1999. Why do you think Convergent has been successful so far? "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. l/100km. Distance (in kilometers) between Sax and the biggest cities of France. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. Legal notices Length : 7,50 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 . 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. Mr. Govindaraju graduated from the University of Pennsylvanias 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 and a Bachelor of Applied Science in Systems Engineering from the School of Engineering & Applied Science and minors in Theatre Arts, Mathematics, and South Asian Studies. Anand Vihar is the premier 55-plus community in the United States. I think well always try to be a bit contrarian and try to see where others math might be viewed as wrong, Govindaraju says. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. It was a risky move to focus on leisure travel, but one we felt could be worth it, based on all our research, and it paid off, Govindaraju says. Another Tampa company, Phonism, founded by CEO Steve Lazaridis, is getting $350,000 from an investment group formed by Tampa attorney Rich McIntyre. Book your hotel room at the best price. 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. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. Santosh Govindaraju, Convergent Capitals CEO, says there are many similarities between the real estate business and filmmaking. He is part of the leadership of USF Medical School and multiple hospitals in Tampa Bay. [Handout photo], No charges filed in the shooting death of 19-year-old University of Tampa student, Meet the NY billionaire building Tampa Bays tallest condo tower, University official gets prison for defrauding central Florida school, Defamation bill dead for this Florida legislative session, sponsor says, Tampa owner of Outback, Flemings aims to keep prices steady in 2023, 30 years later in Tampa, USF friends make Hollywood dreams come true, Tampa voters pick Maniscalco for District 2 City Council, Top Tampa Bay area events for the week of May 1-7, How a gay bar made downtown Dunedins business culture bloom, 2-year-old daughter of Bucs linebacker Shaquil Barrett drowns in family pool, PunditFact: Website wrong with attack on Donald Trump, Dakota Access Pipeline. "I intended to invest in tech startups in the late '90s, but I didn't find the market fit me because it was too speculative at the time," he said. 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. GoogleMaps. Convergent Capital Partners previously purchased the 250,000-square-foot Tampa Bay Times HQ in St. Petersburg in 2016 and sold it two years later. [Handout photo] By Times Staff Published. Sachdev says the new directions represent the latest in a gradual evolution for the company, which turned 10 years old last September. June 26, 2015 April 12, 2013 October 6, 2017 March 22, 2019 June 26, 2015 Key Facts. our sites and services. Mr. Isenbergh brings a wealth of building experience to Anand Vihar. And no matter what we do, we want to create a positive impact., Were going to maintain our sense of trustworthiness and loyalty, Sachdev says. 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. The good thing is it's well located, there are multiple uses for that property and we just want to make sure we do the right thing. He was recently honored for his medical services, and recognized as a top physician in Tampa Bay. He is a physician and avid traveler, who enjoys spending time with his wife and their two children. "Projects were cash starved. You can read more about your. He serves on the board of directors of the IndoUS Chamber of Commerce, the board of directors of Asian American Chambers of Commerce of Tampa Bay, the board of directors of Chinmaya Mission Tampa Bay, and the board of trustees at Academy of the Lakes, all of which are in Florida. Mr. Govindaraju also serves on the Board of Directors of Stageworks and on the Board of Trustees of Academy at the Lakes. 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. You can read more about your cookie choices at our privacy policyhere. Made in the Basque Country. 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. 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. Convergent Capital Partners assumed a $9.8 million mortgage through Mercury Insurance for the property purchase. He is past President of the Asian American Chamber of Commerce. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. We see a lot of room for growth and we want to be part of it. It's a beautiful location, but it needs a little cash, the property needs to be attended to. His family relocated to Tampa in 2000. Convergent Capital Partners. Information on the people and the population of Sax. It could be both office and retail, or it could be just office. We want it to feed off the great urban location, to feed off what (Tampa Bay Lightning owner) Jeff Vinik is doing, to feed off the convention center. Subscribe to our free Business by the Bay newsletter. . So the core competencies are largely the same. Tampa investors buy Mercury Insurance Building on Ulmerton, Knights Point on Harbour Island lands large office tenant, Convergent Capital buys former Universal Health Care building in downtown St Petersburg. 2019 Anand Vihar LLC. Why are real estate prices still rising? 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. "But the focus for so many of these individuals and groups is real estate.". Mr. Govindaraju was named Indo-US Chamber of Commerce Businessman of the Year for 2002. 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 is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. Letsgetstarted. Use the CB Insights Platform to explore Convergent Capital Partners's full profile. The companys biggest investment move, however, has been completely outside of real estate and into filmmaking. How has your investment strategy changed over the years? Its been a great story since we bought it.. He is responsible for the strategic direction and growth of the company. But Govindaraju, who becomes a new member of the company's board of directors, said his share is a personal investment unconnected to Convergent. 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. Govindaraju says film investments can yield five- to 10-times the capital placed in them. Why did you want mortgages instead of the actual property? At Since founding the firm in September 2008 through 2014, Santosh has led the team in the acquisition of approximately $550 million in commercial real estate assets. 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. 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. Sax Fax number. Eric Isenbergh Mr. Isenbergh brings a wealth of building experience to Anand Vihar. Convergent Capital. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. Taking out a loan is a commitment and must be repaid. m, Consumption : 11 You have a legal retraction period of 14 days from the signing of your contract. Phonism is a cloud company that has developed tools allowing voice over Internet-Protocol phone service providers to reduce support costs. 490 First Ave. South in downtown St. Petersburg was 46% occupied when Convergent and partner Denholtz Associates bought it. Dr. Sanka, a native of Philadelphia, has lived in Tampa for over 10 years. 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. 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. 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. Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. He is an award-winning builder who has been involved with over 40 major real estate developments in Florida. site you are consenting to these choices. The concept of Anand Vihar originated when two good friends envisioned creating a community where their parents could enjoy a vibrant, yet serene lifestyle in a close-knit community, while living in the best retirement city in the US. 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. . When it sold late last year, it was more than 90% committed. We always do what we say. Sax Localisation : Country France, Region Occitanie, Department Tarn.Available Information : Postal address, Phone number, Fax number, Website, Email address, Mayor, Geographical coordinates, Population, Altitude, Area, Weather and Hotel.Nearby cities and villages : Viviers-ls-Montagnes, Navs and Frjeville. Tampa Bay home sales are down. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. This vehicle can be delivered to your home in 48 hours. We want to add a marina. What has not changed, in addition to its investment discipline, is Convergent Capitals desire to work with best-in-class operating partners to generate successful investments. Total cost of loan: 15 786,80, including an application fee of 679,50. 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.
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