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Monday, 15 July 2019

Workout Specialist Launches Net-Lease Investment Fund; Aims for $100Mln of Deals

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Commercial Real Estate Direct Staff Report

Long-time workout specialist David E. Hooston has launched an effort to raise $50 million of equity capital that would be invested in single-tenant retail properties throughout the country and are subject to net leases.

The company, Guardian Advisory LLC, which is headquartered in Newport Beach, Calif., is led by Hooston, John Halvorson and Mike Kron, each of whom has had a long tenure in the workout or real estate sectors.

Hooston previously was managing partner of a middle-market buy-out company, Granite Bay Partners. Before that, he was chief financial officer of Doral Financial Corp., a financial institution that focused its business on Puerto Rico and ultimately was seized by federal regulators. He also was chief financial officer of HomeStreet Inc., also in the banking sector, and Placer Sierra Bancshares.

Halvorson, meanwhile, is a 30-year veteran of the banking and real estate sectors and has...


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Additional Info

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