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Monday, 21 August 2017

Trinity Forms Hotel Investment Venture with Oaktree

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Trinity Investments has formed a venture with Oaktree Capital Management to pursue hotel deals in Hawaii and California, as well as Mexico and Japan.

The venture will partner with other investors, both institutional and high net-worth individuals, further leveraging its investment capacity. It will be able to invest up to $3 billion in value-add properties.

Trinity recently had partnered with Oaktree, a Los Angeles investment manager with $99 billion of assets under management, on the $317 million acquisition of the Westin Maui Resort & Spa, a luxury property with 759 rooms on Ka'anapali Beach in Maui, Hawaii.

"Expanding our relationship with Oaktree provides us with additional capital to increase our scale in our core markets," explained Sean Hehir, president and chief executive of Trinity, a Honolulu hotel investment specialist. While the venture will focus on Hawaii and California in the United States, it can selectively pursue properties in certain gateway markets.

Trinity oversees the venture and would handle acquisitions and asset management.

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



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Additional Info

  • Syndicate to Realpoint: No
  • Sector: Hotel & Resort
  • Subject: Institutional Investment (INS)
  • Company: Oaktree Capital Management
  • Private: No
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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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

 

RCA CPPI

 

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CMBS 2.0 Spreads

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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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