Formed in mid-2006 and headquartered here and in Gurgaon, India, BHI provides advisory and real estate investment management services to Indian developers and global institutions. So far, it has placed $52 million in the high-growth country, both through its balance sheet and a program relationship advised by Parsippany, NJ-based Prudential Real Estate Investors.
Shekar Narasimhan, managing partner of locally based Beekman Advisors, is CEO of BHI; Manish Parwani, managing partner of Helix Financial in Charlotte, NC, is the company's president & COO. BHI has eight full time staffers.
"It's a fascinating time to be in India," Narasimhan says in a statement. "The 'next-generation' Indian real estate companies are in the making today--we will likely see as much change in the next few years in this industry as we've witnessed during the past decade."
The firm's business strategy is to leverage the structural inefficiencies that currently exist in the country's commercial real estate markets. Increasingly, India as well as other countries in Asia, namely China, has been attracting large levels of capital from investors around the world, as GlobeSt.com reported. BHI sees itself as a conduit for these investment flows, according to Parwani.
"New capital markets products like mezzanine need to be executed and high-quality relationships must be developed, whether from the perspective of an owner, debt provider or equity investor, public or private entity," he says in a statement.
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