CanAm Capital Partners Announces its Private Equity Investment Project Repayment
The New York-based private equity firm CanAm Capital Partners, affiliated with the leading EB-5 regional center operator CanAm Enterprises, has repaid its equity investment in The Civic, a mixed-use redevelopment project, located in a central Philadelphia opportunity zone
NEW YORK, March 4, 2020 /PRNewswire-PRWeb/ -- CanAm Capital Partners ("CACP"), an affiliate of CanAm Enterprises, is excited to announce that its private equity investment in The Civic has been repaid to investors. CACP invested $4 million in Q1 2019 for the development of The Civic, a mixed-use property in Philadelphia. The short-term private equity investment yielded an absolute net return to investors of 30%. CACP's investors may also benefit from preferential tax treatment as The Civic is located in an opportunity zone within central Philadelphia.
"CanAm's private equity investment platform continues to expand as our international community of investors seeks more conservatively-structured private equity investment opportunities with attractive returns," commented John Reid, Director of Project Development at CanAm Capital Partners.
The Civic investment was offered through a cooperation agreement with the Philadelphia Industrial Development Corporation ("PIDC"), Philadelphia's city-wide economic development corporation, which has 60 years of experience. CanAm has partnered with PIDC in the EB-5 program for the past 16 years.
The Civic is owned and managed by its Philadelphia real estate development veteran MMPartners. The Civic embraces the original fabric of both the building and neighborhood while providing extraordinary amenities, convenient access to transportation and stylish design that all caters to the needs of millennials – one of the fastest growing demographics of renters in the region.
About CanAm Capital Partners
CanAm Capital Partners, LLC ("CACP") is a New York-based private equity investor, manager and advisor with a primary focus on real estate principal investment. CACP is an affiliate of CanAm Enterprises, the largest EB-5 lender in the United States. CACP and its affiliates have been involved as a principal or lender in transactions with an aggregate transaction value in excess of $3 billion in multiple markets across the U.S. For more information, please visit https://canamcapital.com/cacp/.
For more information, please contact:
John Reid
212-668-0694
[email protected]
https://canamcapital.com/cacp/
SOURCE CanAm Capital Partners
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