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Thursday, 30 March 2017

Recently Formed Investment Manager Raises Capital for Inaugural Fund

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Commercial Real Estate Direct Staff Report

Longpoint Realty Partners, an investment-management shop launched just more than a year ago by a group of former TA Associates Realty executives, has raised the first batch of capital for its inaugural investment fund.

The Boston company has raised $125 million of a planned $375 million of equity commitments for Longpoint Realty Fund I LP, whose investors include the Texas Permanent School Fund, which committed $75 million. The fund will pursue investments in what it calls "last mile" distribution and retail properties in infill markets throughout the country.

Longpoint was founded and is led by Dwight Y. Angelini, Nilesh K. Bubna, who also serves as chief financial officer, Reid Parker and Robert A. Provost III. The four, who worked together for more than 10 years, handled more than $3 billion of property acquisitions while with TA and managed more than $8 billion of assets.

When the company was launched, Angelini had said Longpoint would "help investors in the public and private sectors navigate a domestic real estate market that's experiencing demographic shifts, technological advances and macroeconomic pressures."

Longpoint is a value-add investor in that it pursues middle-market properties that could be repositioned or have other value-add components.

Comments? E-mail Orest Mandzy, or call him at (267) 247-0112, Ext. 211.


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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Institutional Investment (INS), Opportunity Funds (OPPY)
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Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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