Salt Lake City (PRWEB) January 10, 2013
The Aclaime Group (http://www.aclaimegroup.com), a leading private equity real estate firm, has finalized a deal with a top five US lender to purchase a $10,600,000 bond backed by a multi-family property in Kansas City, Kan.
“This deal came to us because of another similar transaction we closed in September with the lender,” said Justin Luettgerodt, CEO of The Aclaime Group. “This was a wonderful opportunity for us to expand our portfolio company, Aclaime Capital Partners, LLC, into a new region. We look forward to similar deals like this in the future.”
For the deal, Aclaime Capital Partners underwrote the assets that secured these loans and was able to bring together the parties in such a way that both they and Aclaime met their objectives. Aclaime Capital Partners contracted with the lender to acquire the bond backed by the 254 unit apartment complex and closed within 30 days thereafter
Aclaime developed a relationship with the lender several years ago when another bank that Aclaime worked with was acquired by them.
Luettgerodt added: “We are excited to continue this relationship, as they helped us complete these transactions in a timely manner and prior to year end. Both deals were very challenging and had previously been under contract with other groups who were not successful in acquiring them.”
About Aclaime Group
The Aclaime Group is a multi-disciplined private equity real estate firm that manages investment funds and separate accounts on behalf of its investor clients. In order to prudently deliver a return on our client’s capital, we focus on growing real estate businesses and strategies that are bi-products of market conditions, lack of providers or where we simply see an opportunity where we can out execute the competition.