His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. 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. 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. Convergent Capital sold the 279-room hotel, at 301 S. Gulfview Blvd., in early 2016 for $120.5 million. Convergent Capital Partners focuses on what's next 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. 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. Investment | Liberty Group 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. Bonjour, Information on the people and the population of Sax. Santosh Govindaraju, Convergent Capital Partners LLC: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas,. 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 is eying another $50 million to $75 million in real estate it hopes to acquire within 12 months. His family relocated to Tampa in 2000. Calling all real estate enthusiasts! We promise to provide you with quality, value and peace of mind. So the core competencies are largely the same. Why are real estate prices still rising? 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. Find all the information of Sax or click on the section of your choice in the left menu. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. By continuing to browse our site, you declare that you accept their use. We spent most of 2008 fundraising. Santosh Govindaraju - IMDb 50.011. 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. Submitters are 7x more likely to receive a qualified connection. In an interview last week with the Tampa Bay Times, Sachdev discussed Convergent's beginnings, its investment strategy and why it's bullish on Tampa Bay. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. Were very selective about who we do deals with, but once we form a partnership, well follow them wherever they want to go, and always were investing on a risk vs. reward basis, Sachdev says. Santosh Govindaraju, Convergent Capitals CEO, says there are many similarities between the real estate business and filmmaking. 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! Mr. Govindaraju has been investing as a principal in commercial real estate since 1999. Insurance intermediary registered with the ORIAS under the number 07023493. We secure the sale between you and the seller. Santosh Govindaraju is the Portfolio Manager of Convergent Capital Partners LLC, a real estate private equity firm focused on opportunistic real estate investments primarily in Florida. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. Mr. Govindaraju is a member of Leadership Florida, Committee on Foreign Relations, and the Zell Lurie Institute at the Wharton School. He is responsible for the strategic direction and growth of the company. Well break down the latest business and consumer news and insights you need to know every Wednesday. At the same time, the company has hedged its risk exposure by investing with partners and by covering expenses through the sale of distribution rights and other means. By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy. CEO, Convergent Capital Partners Santosh Govindaraju is at the helm of a company poised to make its mark on Tampa Bay's two urban centers. I think well always try to be a bit contrarian and try to see where others math might be viewed as wrong, Govindaraju says. 81710 SAIX. Total cost of loan: 15 786,80, including an application fee of 679,50. People. 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It's a beautiful location, but it needs a little cash, the property needs to be attended to. Santosh Govindaraju, Chief Executive Officer, Convergent Capital Partners 109 N. Brush Street, Suite 260 Tampa, Florida 33602 Phone: (813) 280-2000 Fax: (813) 200-2001 Web Accessibility Santosh Govindaraju - Florida Developer Applies Wall Street - LinkedIn 2 Place Jean-Jaurs. Santosh Govindaraju - TotalCommercial.com site you are consenting to these choices. Web Design by Katapult Marketing. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Wikicampers offers you a 3-month SECUR warranty. He has served as Chairman of the Board of Directors of the IndoUS Chamber of Commerce, and is past President of the Asian American Chamber of Commerce. . 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. For even more peace of mind, extended warranties will be available when you purchase. The borrower knows the asset best. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. 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. 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. Eric Isenbergh Mr. Isenbergh brings a wealth of building experience to Anand Vihar. 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. Make sure you are able to repay it before making a contractual commitment. "Projects were cash starved. Help Convergent Capital Partners Location 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States Description Read More Industry Finance General Finance l/100km. He has built over 3500 homes, most recently 1700+ homes in Tampa Bay. Oceanic climate (Kppen climate classification: Cfb), Copyright 2023 DB-City - All rights reserved. Convergent Capital Partners has 3 team members, including current Chief Executive Officer, Santosh Govindaraju. 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. Independent films win Oscars, Govindaraju says of the Academy Awards. 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. CBI websites generally use certain cookies to enable better interactions with our sites and services. He is responsible for the strategic direction and growth of the company. Convergent Capital Partners is becoming a major player in Tampa Bay Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. We sold it about six months ago and it was 90 percent occupied. 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.. 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. Team Convergent Convergent Capital As a private equity investor with extensive experience in real estate development and redevelopment, Santosh will provide valuable . Mr. Govindaraju is a level 2 candidate for the Chartered Financial Analyst (CFA) designation. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. Geographic Information regarding City of Sax. Its been a great story since we bought it.. 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. When the company bought the former Shops at Harbour Island, at 601 S. Harbour Island adjacent to the Westin Tampa Harbour Island hotel, in August 2014 for $7.5 million, it was just 25% occupied, by restaurant Jacksons Bistro. John Mason Co-Founder, Investment Committee Member. Location We want it to feed off the great urban location, to feed off what (Tampa Bay Lightning owner) Jeff Vinik is doing, to feed off the convention center. His wife and three sons are actively involved in the Indian community in Tampa. Santosh Govindaraju is a Founding Partner, Chief Executive Officer and Portfolio Manager at Convergent Capital Partners based in Tampa, Florida. He is past President of the Asian American Chamber of Commerce. Born in New Zealand but having spent most his life locally, Anand, his wife and two children proudly call Tampa Bay home. You can read more about your. Its a tricky time, and the one thing is we know what we dont want to do, Sachdev says. Its hard to plan for the future when the real estate market appears to be at its peak, Sachdev says. 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. Contact Susan Taylor Martin at [email protected] or (727) 893-8642. Vente CHAUSSON WELCOME Sax, Occitanie (81) - Wikicampers It was a risky move to focus on leisure travel, but one we felt could be worth it, based on all our research, and it paid off, Govindaraju says. French. He was recently honored for his medical services, and recognized as a top physician in Tampa Bay. He is a member of Leadership Florida and the Committe of Foreign Relations. Convergent is a pre-eminent and dominant player in Florida's real estate markets. Log In or Sign up to contact this investor. 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. Want more of our free, weekly newslettersinyourinbox? Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. And we've never retreated on a deal. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. When it sold late last year, it was more than 90% committed. Private Equity Stage Investors Private Equity Firms, Number of portfolio companies associated to the Person, Algorithmic rank assigned to the top 100,000 most active Investors, The organization associated to the person's primary job, This describes the type of investor the person is (e.g. 4600 W. Cypress Street Suite 120 Tampa, Florida 33607 USA Email: [email protected]: Office Phone (813) 386-4906 We want to add a marina. He adds that he was drawn to more independent films because they tend to gain more critical acclaim than blockbusters. Mr. Govindaraju also serves on the Board of Directors of Stageworks and on the Board of Trustees of Academy at the Lakes. Convergent Capital Partners has 1 fund, including CCP Fund I LLC. 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. 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. Learn more. "But the focus for so many of these individuals and groups is real estate.". Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. Anand Patel is president of Pangea Realty and Development Group. By continuing to use this site you are consenting to these choices. Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh Govindaraju. Knights Point is one of the few remaining waterfront sites in Tampa that is not as fully developed as it should be. Conditions in force on 01/01/2021. L'quipement avait tait achet 577+270 euros de pose. 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. After roughly $15 million improvements, the property opened as a 130-room Aloft Hotel. Convergent Capital joins Park Square ownership - Business Observer 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. Sachdev says the new directions represent the latest in a gradual evolution for the company, which turned 10 years old last September. 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. A University of Michigan graduate and a former banker, Sachdev, 35, started Convergent with partners Santosh Govindaraju, 38, who began his career trading fixed-income derivatives, and Paul Beraquit, the "on the ground" partner who handles the physical aspects of their real estate deals.
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