Taking out a loan is a commitment and must be repaid. Get a quote for your financing plan in just a few clicks. Sax Postal address. Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. Mr. Govindaraju obtained a Bachelor of Science in Finance and Entrepreneurial Management from the Wharton School of the University of Pennsylvania and concurrently earned a B.A.S. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. Location Driven | Business Observer Mr. Govindaraju was named the IndoUS Chamber of Commerce Businessman of the Year for 2002. One of our advantages is speed; it gives us a lot of advantage in this market. Dfaut arrire gauche non dtaill sur les photos, car l'assurance du propritaire changera neuf les lments "choc mineur. He is a physician and avid traveler, who enjoys spending time with his wife and their two children. For even more peace of mind, extended warranties will be available when you purchase. Example of loan financing over 161% months for this vehicle sold for 45 300,00, including tax and VAT: GoogleMaps. 25 People to Watch in 2015: Santosh Govindaraju Dr. Nallamshetty is a Florida native and has been an active member of the Tampa community for over 10 years. 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. When the pair made their $19 million deal in April 2016 for the 239,000-square-foot property, it was just 46% leased. The acquisition, which closed March 29, includes the eight-story, 157,379-square-foot office building as well as a five-story parking garage at 1901 Ulmerton Road. Anand Patel is president of Pangea Realty and Development Group. The economy is picking up, and it's still a sector of real estate that hasn't completely come back yet in these secondary markets like Tampa. As in real estate development, my job as an executive producer is to be a creative force and to pay attention to the details day-to-day, Govindaraju says. His family relocated to Tampa in 2000. Wall Street Lessons Convergent Capital Partners focuses on what's next Weve gone from acquiring bank notes to making direct investments in properties to making preferred equity deals, he says. 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. He is part of the leadership of USF Medical School and multiple hospitals in Tampa Bay. 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. Phonism is a cloud company that has developed tools allowing voice over Internet-Protocol phone service providers to reduce support costs. Convergent Capital Partners is becoming a major player in Tampa Bay By continuing to browse our site, you declare that you accept their use. The borrower knows the asset best. And no matter what we do, we want to create a positive impact., Were going to maintain our sense of trustworthiness and loyalty, Sachdev says. Convergent Medias goals go beyond recognition, however. Location Paul Erdman - Chief Exec.. - Convergent Capital Partners - ZoomInfo - Porte-vlo pour 2 vlos He is a member of Leadership Florida and the Committe of Foreign Relations. We're very selective, but once we identify an asset class we move quickly. - Il y a un petit choc l'arrire, il sera rpar pour la vente Two Tampa tech startups get $1.5 million from angel investors 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. Ep. 72 Santosh Govindaraju - Real Estate Investing in Florida 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. It was sold to a partnership led by Lincoln Property Co. late last year for $39.35 million, records show. Santosh Govindaraju, CEO of Convergent Capital Partners in Tampa Nola Laleye By Ashley Gurbal Kritzer - Real Estate Editor, Tampa Bay Business Journal Jul 27, 2018 In the back of his. 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. Convergent is a pre-eminent and dominant player in Florida's real estate markets. Independent films win Oscars, Govindaraju says of the Academy Awards. It could be both office and retail, or it could be just office. Quelques renseignements complmentaires sur mon vhicule : 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. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. Oceanic climate (Kppen climate classification: Cfb), Copyright 2023 DB-City - All rights reserved. Were still looking for opportunities, but its tougher, says Nik Sachdev, a Convergent Capital managing partner. 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. m, Height : 3,00 Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. John Mason Co-Founder, Investment Committee Member. Govindaraju said he wasn't comfortable with tech investment when he first looked at the sector nearly 20 years ago. 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. 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. Copyright 2023 CB Information Services, Inc. All rights reserved. Then we bought a large apartment complex of over 150 units in the USF area, the St. Moritz. Make sure you are able to repay it before making a contractual commitment. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Languages spoken: "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. 1115 Narmada Way, Wesley Chapel, FL 33543. Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. So the core competencies are largely the same. 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. Here are all the details of Sax available below. 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 promise to provide you with quality, value and peace of mind. We sold it about six months ago and it was 90 percent occupied. Send Message. The complete history of this vehicle is available online. Santosh Govindaraju - Florida Developer Applies Wall Street - LinkedIn Every time the market shifts, you have to shift, too. L'quipement avait tait achet 577+270 euros de pose. He is responsible for the strategic direction and growth of the company. Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. Since 2008, when the economy teetered dangerously close to collapse, Convergent has acquired more than $460 million worth of mortgages and real estate including hotels, gas stations, medical offices, luxury condos and even a golf course. How has your investment strategy changed over the years? Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. At the beginning we were buying a lot of distressed notes and mortgages on big real estate projects hotels, apartment buildings, completed townhome projects, office projects where the borrowers were just too overleveraged. Convergent Capital Partners assumed a $9.8 million mortgage through Mercury Insurance for the property purchase. Moving forward, the pair say that whatever the platform, they will invest with the principals that have guided them thus far. He is responsible for the strategic direction and growth of the company. What does a company formed to buy and turn around distressed commercial real estate properties do when there are few such properties to be had? 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. Tampa Bay home sales are down. But its a tough time to buy real estate.. 50.011. 147 Avenue De Lacaze-basse. His wife and two sons love living in Tampa and spending time with their parents, future residents of Anand Vihar. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. His wife and three sons are actively involved in the Indian community in Tampa. Our mission is to create a close knit active adult community where you feel right at home from the first moment you arrive! 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.

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