That's how we establish credibility. As a private equity investor with extensive experience in real estate development and redevelopment, Santosh will provide valuable . 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. Whether you're ready to experience nomadic travel for the first time or have already been won over by the joys of the open road, you've come to the right place! We spent most of 2008 fundraising. Services may be provided by Western Union Financial Services, Inc. NMLS# 906983 and/or Western Union International Services, LLC NMLS# 906985, which are licensed as Money Transmitters by the New York State Department of Financial Services. Focusing on development and the turnaround of commercial real estate projects, Santosh has applied his creative vision in the investment of over $1 billion of both equity and debt in commercial real estate throughout the United States. 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 One of our advantages is speed; it gives us a lot of advantage in this market. Krishna Nallamshetty and Seenu Sanka, long-time residents of Tampa Bay and local entrepreneurs, partnered with two of the leading real estate developers in Florida, Santosh Govindaraju, CEO of Convergent Capital Partners, and Eric Isenbergh, CEO of Oxford Homes, to turn their vision into a reality.. Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. We care about your new community, and look forward to creating this special place for you. 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. Locate simply the city of Sax through the card, map and satellite image of the city. Mr. Govindaraju also serves on the Board of Directors of Stageworks and on the Board of Trustees of Academy at the Lakes. . 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. What has not changed, in addition to its investment discipline, is Convergent Capitals desire to work with best-in-class operating partners to generate successful investments. "We tend to follow where the opportunity is," managing director Nik Sachdev says. "They can grow rapidly with relative ease," Govindaraju said of Harness. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. Every time the market shifts, you have to shift, too. Convergent Media was formed to invest in and produce independent films, and to date, the nascent firm has two credits to list entitled Bernie the Dolphin and a murder mystery called The Night Clerk with Tye Sheridan and Helen Hunt with a third now in production. 24/7 technical support for vehicle operation. He is an award-winning builder who has been involved with over 40 major real estate developments in Florida. He has built over 3500 homes, most recently 1700+ homes in Tampa Bay. All Rights Reserved. How has your investment strategy changed over the years? His wife and three sons are actively involved in the Indian community in Tampa. Its been a great story since we bought it.. Convergent Capital Partners previously purchased the 250,000-square-foot Tampa Bay Times HQ in St. Petersburg in 2016 and sold it two years later. By continuing to browse our site, you declare that you accept their use. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. 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 . Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. Obviously, we want more restaurant concepts and more offices. 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 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. Sachdev says the new directions represent the latest in a gradual evolution for the company, which turned 10 years old last September. 147 Avenue De Lacaze-basse. The representative example is for a financing made on 05/01/2021 and a first maturity on 05/02/2021. You can read more about your. Roughly $13 million in renovations and leases with Times Publishing Co., Bank of the Ozarks, Taylor Media and L3 Technologies later, the eight-story building topped 90% in occupancy. Here are all the details of Sax available below. 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. At. Convergent Capital Partners has 3 team members, including current Chief Executive Officer, Santosh Govindaraju. What's Happening in #Tampa / #StPete: Convergent Capital Partners has purchased Mercury Insurance's Clearwater office building in a $19.6 million Liked by Santosh Govindaraju This is an. 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." Log In or Sign up to contact this investor. Mr. Govindaraju is a member of Leadership Florida, Committee on Foreign Relations, and the Zell Lurie Institute at the Wharton School. We promise to provide you with quality, value and peace of mind. After roughly $15 million improvements, the property opened as a 130-room Aloft Hotel. He is the president of a leading medical practice, but is also an entrepreneur at heart, supporting numerous technology and health care start-up companies. - Il y a un petit choc l'arrire, il sera rpar pour la vente Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Convergent Capital Partners is becoming a major player in Tampa Bay real estate Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh. Harness has developed an app allowing users to "round-up" credit or debit card purchases with the change automatically donated back to their favorite charity. Quelques renseignements complmentaires sur mon vhicule : 05 63 74 71 76. International: +33 5 63 74 71 76. GTC, 2023 Wikicampers. Total cost of loan: 15 786,80, including an application fee of 679,50. Agent | Closed Until 06:30 He is responsible for the strategic direction and growth of the company. 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. Phonism is a cloud company that has developed tools allowing voice over Internet-Protocol phone service providers to reduce support costs. . Convergent is eying another $50 million to $75 million in real estate it hopes to acquire within 12 months. Convergent Capital Partners is an aggressive buyer of debt, which is currently valued at $250 million. Nik Sachdev, Managing Director, Convergent Capital Partners. By continuing to use this site you are consenting to these choices. Why are real estate prices still rising? How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? The good thing is it's well located, there are multiple uses for that property and we just want to make sure we do the right thing. . Santosh Govindaraju has expanded the company's investment platform to include independent feature films. Mr. Govindaraju began his career at Lehman Brothers in New York as a trader of fixed income derivatives, including various U.S. Dollar interest rate products such as swaps, caps and floors. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. In the past 18 months, we've turned more to where we're building a real estate portfolio with Class A assets. By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy. We want to sit down with our team and officials in St. Pete and work on a plan that would be successful for everyone. He is past President of the Asian American Chamber of Commerce. The investment group, which seeks value-add, opportunistic and specialty situation investments, has made numerous significant investments in the local market in acquiring office buildings, retail centers and apartments. 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. Linda Olson, president and co-founder of Tampa Bay WaVe, said the group has worked to overcome the challenge of finding funding for tech startups in a Tampa Bay business environment without rich venture capital sources. He adds that he was drawn to more independent films because they tend to gain more critical acclaim than blockbusters. From growth, acquisition, and recapitalization situations, we approach every funding project as a unique opportunity to help make a difference in small businesses, their people, and communities. 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. Insurance intermediary registered with the ORIAS under the number 07023493. Mr. Govindaraju is a Tampa native, and a graduate of the prestigious Wharton School of Business. 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. Its a tricky time, and the one thing is we know what we dont want to do, Sachdev says. It could be both office and retail, or it could be just office. We really like Naples and Bonita Springs; it's a very strong kind of retirement community, and we like the demand drivers there. At Follow @susanskate. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. The Class A office building, built in 1999, features a community gym and on-site caf, according to a Loopnet listing, which previously advertised the property for lease. Calling all real estate enthusiasts! Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. 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. TAMPA For a couple of local tech startups, the money from investors is just as green, even if it is coming from nontraditional sources. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. We see a lot of room for growth and we want to be part of it. Want to contact the Administration of Sax? When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. L'quipement avait tait achet 577+270 euros de pose. Such was the case at 490 First Ave. South, in downtown St. Petersburg, where Convergent Capital partnered with New Jersey-based office specialist Denholtz Associates. 50.011. For even more peace of mind, extended warranties will be available when you purchase. Discover the benefits negotiated for you. 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. 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. But Govindaraju, who becomes a new member of the company's board of directors, said his share is a personal investment unconnected to Convergent. 81710 SAIX. current Chief Executive Officer, Santosh Govindaraju, CBI websites generally use certain cookies to enable better interactions with. France. Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. There are a lot of different options we can pursue there. "There's a lot of money in Tampa Bay," she said. Taking out a loan is a commitment and must be repaid. Oceanic climate (Kppen climate classification: Cfb), Copyright 2023 DB-City - All rights reserved. Its hard to plan for the future when the real estate market appears to be at its peak, Sachdev says. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. It's a beautiful location, but it needs a little cash, the property needs to be attended to. We bought it when it was very, very distressed, and put a lot of resources and money into it, and now it's a thriving apartment community that was 15 percent occupied when we bought it. At 100 W. Kennedy Blvd., in downtown Tampa, Convergent Capital and Liberty Group paired up in May 2012 to acquire the former Mercantile Building from the Federal Deposit Insurance Corp. for $2.2 million. Other previous investments include the 250-room Hyatt Regency Clearwater Beach Spa and Resort, which it purchased in 2013 and sold in 2016 for $120.5 million. Get a quote for your financing plan in just a few clicks. Below is a list of activities and point of interest in Sax and its surroundings. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets.