Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. French. 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. All Rights Reserved. He is a physician and avid traveler, who enjoys spending time with his wife and their two children. Follow @susanskate. 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. In 2008 and 2009, we were invested in multifamily (housing), but that became so overheated we got out. For Tampa developer Santosh Govindaraju, film production and real Discover the benefits negotiated for you. Sax, Tarn, Occitanie, France - City, Town and Village of the world Total cost of loan: 15 786,80, including an application fee of 679,50. Letsgetstarted. Why did you want mortgages instead of the actual property? His wife and three sons are actively involved in the Indian community in Tampa. 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. Knights Point is one of the few remaining waterfront sites in Tampa that is not as fully developed as it should be. 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. Santosh began his career at Lehman Brothers in 1997 in New York as a trader of fixed income derivatives, including various U.S. Dollar interest rate products such as swaps, caps, and floors. So the core competencies are largely the same. Made in the Basque Country. His family relocated to Tampa in 2000. 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. 147 Avenue De Lacaze-basse. Negotiates acquisitions, overseeing all investment activities, financial affairs, and forging partnerships, Chief Executive Officer & Portfolio Manager. Convergent Capital Partners has 1 fund, including CCP Fund I LLC. Santosh Govindaraju - Biography - IMDb Thanks to our partner AutoViza, get it here in just one click. 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. Convergent Capital Partners is an aggressive buyer of debt, which is currently valued at $250 million. We want to sit down with our team and officials in St. Pete and work on a plan that would be successful for everyone. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Total number of current Jobs the person has. current Chief Executive Officer, Santosh Govindaraju, CBI websites generally use certain cookies to enable better interactions with. Convergent Capital joins Park Square ownership - Business Observer Convergent Capital Partners - CB Insights 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. France. Drs. 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. Help Location Driven | Business Observer The complete history of this vehicle is available online. Convergent Capital sold the 279-room hotel, at 301 S. Gulfview Blvd., in early 2016 for $120.5 million. Every time the market shifts, you have to shift, too. . Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. He is responsible for the strategic direction and growth of the company. Moving forward, the pair say that whatever the platform, they will invest with the principals that have guided them thus far. 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. 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. Nik Sachdev has been working as a Partner at Convergent Capital Partners for 15 years. Convergent Capital Partners Location 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States Description Read More Industry Finance General Finance Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Sachdev says the new directions represent the latest in a gradual evolution for the company, which turned 10 years old last September. "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. Convergent Capital. 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. "We tend to follow where the opportunity is," managing director Nik Sachdev says. But its a tough time to buy real estate.. Paul Erdman - Chief Exec.. - Convergent Capital Partners - ZoomInfo Govindaraju says the companys greatest success, though, was its turnaround of the Hyatt Regency Clearwater Beach Resort & Spa, on Clearwater Beach. 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. Ep. 72 Santosh Govindaraju - Real Estate Investing in Florida After Tampa Bay WaVe connected him to Harness, he reconsidered his reluctance. 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. Learn more. Since its founding in 2008, the firm has invested over $2 billion in real estate assets and debt, according to the companys profile. Vente CHAUSSON WELCOME Sax, Occitanie (81) - Wikicampers Another Tampa company, Phonism, founded by CEO Steve Lazaridis, is getting $350,000 from an investment group formed by Tampa attorney Rich McIntyre. 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. Castres, Occitanie, 81100. 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. 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. 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. "There's a lot of money in Tampa Bay," she said. Since 2008, when the economy teetered dangerously close to collapse, Convergent has acquired more than $460 million worth of mortgages and real estate including hotels, gas stations, medical offices, luxury condos and even a golf course. Santosh Govindaraju - Florida Developer Applies Wall Street - LinkedIn You have a legal retraction period of 14 days from the signing of your contract. 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. Keith Bares Co-Founder, Investment Committee Member. We have a highly skilled team with over 60 years of combined experience. That's how we establish credibility. 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. His wife and three sons are actively involved in the Indian community in Tampa. Log In or Sign up to contact this investor. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. 25 People to Watch in 2015: Santosh Govindaraju About Convergent Capital Partners. Convergent Capital Partners - Ask For Funding Subscribe to our free Business by the Bay newsletter. 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. Then we bought a large apartment complex of over 150 units in the USF area, the St. Moritz. Find below the times of sunrise and sunset calculated 7 days to Sax. Tampa Bay home sales are down. 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. Mr. Govindaraju has been investing as a principal in commercial real estate since 1999. 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. Team Convergent Convergent Capital 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. 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 . Neal Patel - Tampa, Florida, United States - LinkedIn Le gps est calibr en fonction des volumes du vhicule. Book your hotel room at the best price. 50.011. Dr. Nallamshetty is a Florida native and has been an active member of the Tampa community for over 10 years. We want to maintain relationships with all these people because they are dealmakers. By continuing to browse our site, you declare that you accept their use. And we've never retreated on a deal. Wall Street Lessons Languages spoken: "But the focus for so many of these individuals and groups is real estate.". 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. 1115 Narmada Way, Wesley Chapel, FL 33543. our sites and services. 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. He was responsible for directing the firm's strategy, capital raising, and managing the risk in the firm's investments. Geographic Information regarding City of Sax. Today, the 113,000-square-foot urban retail and office center is 97% committed, following a $15 million renovation and leases with Physicians Partners, Total Quality Logistics, American Social and others. Convergent Capital Partners Company Profile | Management and Employees List Sax Fax number. We always do what we say. Santosh Govindaraju is a Founding Partner, Chief Executive Officer and Portfolio Manager at Convergent Capital Partners based in Tampa, Florida. Copyright 2023 CB Information Services, Inc. All rights reserved. Convergent Capital Partners has 3 team members, including current Chief Executive Officer, Santosh Govindaraju. 2019 Anand Vihar LLC. Santosh Govindaraju has expanded the company's investment platform to include independent feature films. 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. Because we know were only as good as our last deal.. "Projects were cash starved. Santosh Govindaraju - TotalCommercial.com 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. 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. On Wikicampers, you will find the perfect camper to rent or to buy.Learn more, Promo Code 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. It was a townhouse of 40 units developed near USF (University of South Florida) in Tampa. 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 Mr. Isenbergh brings a wealth of building experience to Anand Vihar. Mr. Govindaraju is a Tampa native, and a graduate of the prestigious Wharton School of Business. Taking out a loan is a commitment and must be repaid. Meet the NY billionaire building Tampa Bays tallest condo tower, This Clearwater Beach condo just sold for a record breaking $9.5 million. Sax Phone number. He has built over 3500 homes, most recently 1700+ homes in Tampa Bay. Make sure you are able to repay it before making a contractual commitment. 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. 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. Want more of our free, weekly newslettersinyourinbox? Mr. Govindaraju was named Indo-US Chamber of Commerce Businessman of the Year for 2002. 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. Why did you start Convergent in 2008, a terrible time for most new companies? He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. This episode, he discusses his transition to real estate investing and what's next for the Tampa market. Part of the Tampa-based companys shift has involved preferred equity lending, from a roughly $50 million unleveraged fund it closed in August 2017. 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. Legal notices Calling all real estate enthusiasts! Convergent Capital Partners owns Knights Point , a. Santosh is responsible for sourcing the acquisitions, defining exit strategies, negotiating workouts, and overseeing strategy. Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh Govindaraju. 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. Money Transfer Locations | Sax, Occitanie | Western Union Do you expect more investments in the Tampa Bay area? Insurance intermediary registered with the ORIAS under the number 07023493. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. 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. Santosh Govindaraju - CEO @ Convergent Capital Partners - CrunchBase Its a question the principals at Convergent Capital Partners have been asking a lot of late, as commercial real estate values have soared and turnaround prospects have dimmed. We promise to provide you with quality, value and peace of mind. The California-based insurance company purchased the building in 2005 for approximately $24.88 million. We secure the sale between you and the seller. We love the Tampa Bay market, St. Pete included. Find all the information of Sax or click on the section of your choice in the left menu. People. He looks forward to his parents moving to Tampa and joining the Anand Vihar community. Want to contact the Administration of Sax? m, Consumption : 11 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 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. That allows you to attract the best talent because anyone who goes into filmmaking aspires to win an Oscar.. One industry we're very bullish on is hospitality. How has your investment strategy changed over the years? Harness, a company founded by Miraj Patel and Andrew Scarborough, will receive $1.2 million from a group of investors led by Santosh Govindaraju, CEO of Convergent Capital Partners, a real estate private equity firm in Tampa with $250 million in assets. June 26, 2015 April 12, 2013 October 6, 2017 March 22, 2019 June 26, 2015 Discover the benefits negotiated for you. A votre disposition pour tout renseignement complmentaire, About the leak test : il sera fait pour la vente, il est fait chaque anne, Date of last vehicle safety inspection : 11/10/2022, Date of last service performed : 03/10/2022. Convergent Capital Partners. Govindaraju said he wasn't comfortable with tech investment when he first looked at the sector nearly 20 years ago. Santosh Govindaraju, Convergent Capitals CEO, says there are many similarities between the real estate business and filmmaking. 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? Were being careful, and only working with very strong operators. Since 2008, the privately owned company has acquired more than $460million worth of mortgages and real estate. Below is a list of activities and point of interest in Sax and its surroundings. 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. Convergent is a pre-eminent and dominant player in Florida's real estate markets. Dfaut arrire gauche non dtaill sur les photos, car l'assurance du propritaire changera neuf les lments "choc mineur. We're very selective, but once we identify an asset class we move quickly. In the past 18 months, we've turned more to where we're building a real estate portfolio with Class A assets. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. Between 2008 to the end of 2012, we invested heavily in notes and mortgages, but now the market has shifted, there's not a lot of distressed notes and mortgages. 81710 SAIX. Santosh Govindaraju - INDO-USINDO-US Insurance intermediary registered with the ORIAS under the number 07023493. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. We sold it about six months ago and it was 90 percent occupied. Were still looking for opportunities, but its tougher, says Nik Sachdev, a Convergent Capital managing partner. Our Story | Anand Vihar 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." For even more peace of mind, extended warranties will be available when you purchase. Money Transfer Locations | Sax, Occitanie | Western Union g commercial mortgages and real estate. Nearly a decade ago, when then-newly formed Convergent Capital Partners began acquiring real estate with $10 million it had raised, the company's goal was simple. We saw the opportunity that was in the (real estate) market with the economy the way it was. What does a company formed to buy and turn around distressed commercial real estate properties do when there are few such properties to be had? 4600 W. Cypress Street Suite 120 Tampa, Florida 33607 USA Email: santosh@convergentcap.com: Office Phone (813) 386-4906 Santosh Govindaraju, Convergent Capital Partners LLC: Profile and We really like Naples and Bonita Springs; it's a very strong kind of retirement community, and we like the demand drivers there. 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. Why do you think Convergent has been successful so far? Anand Vihar is the premier 55-plus community in the United States. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. Among its better-known local holdings: the Hyatt hotel in Clearwater and the Knights Point center on Tampa's Harbour Island, home of the popular Jackson's Bistro and many now-vacant storefronts. [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. CBI websites generally use certain cookies to enable better interactions with our sites and services. Our mission is to create a close knit active adult community where you feel right at home from the first moment you arrive! We spent most of 2008 fundraising. 490 First Ave. South in downtown St. Petersburg was 46% occupied when Convergent and partner Denholtz Associates bought it. But Govindaraju, who becomes a new member of the company's board of directors, said his share is a personal investment unconnected to Convergent. In late 2015, it was sold for $30 million. Convergent Capital is working to install a boardwalk and 50-slip marina on the property, and next year, Jacksons Bistro is slated to begin a major overhaul of its restaurant, which combined will likely add even greater value.
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