2 Place Jean-Jaurs. 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. Copyright 2023 Observer Media Group Inc., All Rights Reserved, Convergent Capital Partners, Liberty Group partner on Aloft project, Seizing on opportunities in Opportunity Zones, Convergent Capital Partners closes $40 million fund, Blackstone buys Westin hotel, Convergent Capital buys nearby Knights Point, Convergent Capital joins Park Square ownership, as required for Public Notices per F.S. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. We want to maintain relationships with all these people because they are dealmakers. We are passionate about creating a strong, supportive community with excellent amenities. "Now, it's a different world.". He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. for a total of 45 300,00 loaned, reimbursed in 161% monthly installments of %mensualit%, not including insurance(s) and/or optional service(s): 61 766,30. All Rights Reserved. Conditions in force on 01/01/2021. June 26, 2015 April 12, 2013 October 6, 2017 March 22, 2019 June 26, 2015 Holding on to The Pointe could be especially important if Sachdev and Govindarajus beliefs about the current inflated state of the commercial real estate market prove true. 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. our sites and services. 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. You can read more about your cookie choices at our privacy policyhere. We want to add a marina. We love the Tampa Bay market, St. Pete included. People. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Every time the market shifts, you have to shift, too. . "Projects were cash starved. Eric Isenbergh Mr. Isenbergh brings a wealth of building experience to Anand Vihar. Bonjour, His wife and three sons are actively involved in the Indian community in Tampa. Legal notices In the past 18 months, we've turned more to where we're building a real estate portfolio with Class A assets. Mercury Insurance's office building at 1901 Ulmerton Road, Clearwater. Services may be provided by Western Union Financial Services, Inc. NMLS# 906983 and/or Western Union International Services, LLC NMLS# 906985, which are licensed as Money Transmitters by the New York State Department of Financial Services. 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! Convergent Capital sold the 279-room hotel, at 301 S. Gulfview Blvd., in early 2016 for $120.5 million. Negotiates acquisitions, overseeing all investment activities, financial affairs, and forging partnerships, Chief Executive Officer & Portfolio Manager. CEO, Convergent Capital Partners Santosh Govindaraju is at the helm of a company poised to make its mark on Tampa Bay's two urban centers. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. Weather forecast for the next coming days and current time of Sax. About Convergent Capital Partners. 81710 SAIX. He is a physician and avid traveler, who enjoys spending time with his wife and their two children. Sachdev says Convergent Capital has invested in multifamily deals in markets like Portland and Sacramento, Calif., select-service hotels and is taking a hard look at senior housing opportunities nationwide. 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. We saw the opportunity that was in the (real estate) market with the economy the way it was. His wife and three sons are actively involved in the Indian community in Tampa. Mr. Govindaraju was named the IndoUS Chamber of Commerce Businessman of the Year for 2002. Phonism is a cloud company that has developed tools allowing voice over Internet-Protocol phone service providers to reduce support costs. Total cost of loan: 15 786,80, including an application fee of 679,50. Nik Sachdev, Managing Director, Convergent Capital Partners. At the same time, the Tampa-based real estate equity firm burnished its reputation as a canny judge of attractive but underperforming properties throughout the bay area and as far away as Chicago, where it has a 200,000-square-foot suburban office building. What are your plans for the Universal Health Care building? Mr. Govindaraju was named Indo-US Chamber of Commerce Businessman of the Year for 2002. 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. Le gps est calibr en fonction des volumes du vhicule. Convergent Capital Partners owns Knights Point , a. Quelques renseignements complmentaires sur mon vhicule : He is responsible for the strategic direction and growth of the company. 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 . Its a very time-intensive business, but its also fun and rewarding, he says. Here are all the details of Sax available below. "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. Discover the benefits negotiated for you. GTC, 2023 Wikicampers. That's how we establish credibility. He is part of the leadership of USF Medical School and multiple hospitals in Tampa Bay. 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. Example of loan financing over 161% months for this vehicle sold for 45 300,00, including tax and VAT: . Why are real estate prices still rising? 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 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. After Tampa Bay WaVe connected him to Harness, he reconsidered his reluctance. Weve gone from acquiring bank notes to making direct investments in properties to making preferred equity deals, he says. 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. 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. 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States. We use cookies to improve and personalize your browsing experience, analyze our traffic, and provide social networking features. Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. We're very selective, but once we identify an asset class we move quickly. What's Happening in #Tampa / #StPete: Convergent Capital Partners has purchased Mercury Insurance's Clearwater office building in a $19.6 million Liked by Santosh Govindaraju This is an. 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. Here are all the details of Sax available below. Our mission is to create a close knit active adult community where you feel right at home from the first moment you arrive! Languages spoken: The companys biggest investment move, however, has been completely outside of real estate and into filmmaking. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. Agent | Closed Until 06:30 Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. Learn more. Sachdev says the new directions represent the latest in a gradual evolution for the company, which turned 10 years old last September. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. L'quipement avait tait achet 577+270 euros de pose. Seul la camra de recul sera contrle en mme temps que le test d'tanchit, car la vido ne se diffuse pas. - Il y a un petit choc l'arrire, il sera rpar pour la vente Knights Point is one of the few remaining waterfront sites in Tampa that is not as fully developed as it should be. - Idal pour une famille car fait pour 5 couchages 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. 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. By continuing to use this site you are consenting to these choices. Our team has selected for you a list of hotel in Sax classified by value for money. Key Facts. 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. 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. 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. Were being careful, and only working with very strong operators. We care about your new community, and look forward to creating this special place for you. 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. So the core competencies are largely the same. Convergent has several hotels, including the new Aloft in downtown Tampa, a Holiday Inn Express in Naples and Candlewood Suites hotels in Hilton Head, S.C., Charleston, S.C., and Athens, Ga. Why so many hotels? 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. 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 His wife and two sons love living in Tampa and spending time with their parents, future residents of Anand Vihar. Santosh Govindaraju, Convergent Capital Partners LLC: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas,. He is a member of Leadership Florida and the Committe of Foreign Relations. Convergent Capital Partners has 3 team members, including current Chief Executive Officer, Santosh Govindaraju. Use the CB Insights Platform to explore Convergent Capital Partners's full profile. He was responsible for directing the firm's strategy, capital raising, and managing the risk in the firm's investments. "They can grow rapidly with relative ease," Govindaraju said of Harness. Make sure you are able to repay it before making a contractual commitment. Wall Street Lessons "There's a lot of money in Tampa Bay," she said. John Mason Co-Founder, Investment Committee Member. Wikicampers offers you a 3-month SECUR warranty. You last contacted this investor on . He was recently honored for his medical services, and recognized as a top physician in Tampa Bay. 490 First Ave. South in downtown St. Petersburg was 46% occupied when Convergent and partner Denholtz Associates bought it. His two children attend high school here, and he and his wife founded a charter high school for exceptional children. Why did you start Convergent in 2008, a terrible time for most new companies? His family relocated to Tampa in 2000. 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. 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. Its been a great story since we bought it.. GoogleMaps. 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. We have a highly skilled team with over 60 years of combined experience. We really like Naples and Bonita Springs; it's a very strong kind of retirement community, and we like the demand drivers there. Another Tampa company, Phonism, founded by CEO Steve Lazaridis, is getting $350,000 from an investment group formed by Tampa attorney Rich McIntyre. Santosh Govindaraju has expanded the company's investment platform to include independent feature films. And we've never retreated on a deal. Fill out this form to learn more: Wikicampers acts as a trusted third party. Mr. Govindaraju is a member of Leadership Florida, Committee on Foreign Relations, and the Zell Lurie Institute at the Wharton School. Mr. Govindaraju is a level 2 candidate for the Chartered Financial Analyst (CFA) designation. By continuing to browse our site, you declare that you accept their use. Santosh Govindaraju, Convergent Capitals CEO, says there are many similarities between the real estate business and filmmaking. 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. We promise to provide you with quality, value and peace of mind. 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. One property Convergent Capital has turned around that it isnt prepared to part with at least not yet is The Pointe, on Tampas Harbour Island. 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. . Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. 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. We sold it about six months ago and it was 90 percent occupied. France. 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. Santosh Govindaraju, CEO; View Website. Log In or Sign up to contact this investor. While the privately owned company doesn't talk about returns on individual investments, "we've been successful in all projects to date," Sachdev says. Taking out a loan is a commitment and must be repaid. 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." Insurance intermediary registered with the ORIAS under the number 07023493. 50.011. Information on the people and the population of Sax. The economy is picking up, and it's still a sector of real estate that hasn't completely come back yet in these secondary markets like Tampa. As a private equity investor with extensive experience in real estate development and redevelopment, Santosh will provide valuable . 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 On Wikicampers, you will find the perfect camper to rent or to buy.Learn more, Promo Code 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. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. 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. Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh Govindaraju. That allows you to attract the best talent because anyone who goes into filmmaking aspires to win an Oscar.. Book your hotel room at the best price. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. Because we know were only as good as our last deal.. By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy. Well break down the latest business and consumer news and insights you need to know every Wednesday. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. Two Tampa technology startups will receive $1.5 million from angel investors in deals that the nonprofit startup incubator Tampa Bay WaVe helped shepherd by seeking capital from sources without a deep history in tech funding, the group said on Thursday. 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. He is responsible for the strategic direction and growth of the company. But we have invested in other areas and continue to look. Paragon, Mr. Govindaraju originated over $600 million in residential and commercial mortgage loans and repositioned / developed over $100 million of commercial real estate. 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. 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. 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. Convergent Medias goals go beyond recognition, however. Castres, Occitanie, 81100. Independent films win Oscars, Govindaraju says of the Academy Awards. Calling all real estate enthusiasts! The Class A office building, built in 1999, features a community gym and on-site caf, according to a Loopnet listing, which previously advertised the property for lease. 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. Then we bought a large apartment complex of over 150 units in the USF area, the St. Moritz. Its a tricky time, and the one thing is we know what we dont want to do, Sachdev says. 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. l/100km. Convergent Capital Partners. Location . Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. In film, youre developing intellectual property, whereas in real estate, youre developing or investing in real property.. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. 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. APR fixed at 4,96 %. site you are consenting to these choices. We want to sit down with our team and officials in St. Pete and work on a plan that would be successful for everyone. I think well always try to be a bit contrarian and try to see where others math might be viewed as wrong, Govindaraju says. - Porte-vlo pour 2 vlos Part of the Tampa-based companys shift has involved preferred equity lending, from a roughly $50 million unleveraged fund it closed in August 2017. How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? Oceanic climate (Kppen climate classification: Cfb), Copyright 2023 DB-City - All rights reserved. Want more of our free, weekly newslettersinyourinbox? Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Moving forward, the pair say that whatever the platform, they will invest with the principals that have guided them thus far. One of our advantages is speed; it gives us a lot of advantage in this market. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Total number of current Jobs the person has. 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. 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. 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. . "But the focus for so many of these individuals and groups is real estate.". 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. Roughly $13 million in renovations and leases with Times Publishing Co., Bank of the Ozarks, Taylor Media and L3 Technologies later, the eight-story building topped 90% in occupancy. Were at a point in the marketplace where the pendulum has swung, to paraphrase investor Howard Marks, so that the perceived risk is gone, which, ironically, is when many people tend to take on even greater risk, Govindaraju says. Convergent is eying another $50 million to $75 million in real estate it hopes to acquire within 12 months. In 2008 and 2009, we were invested in multifamily (housing), but that became so overheated we got out.
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