NEWPORT BEACH, CA-Axxcess Capital Ventures and Winthrop Realty Trust have signed an agreement to provide acquisition capital for tenant-in-common investments, Delaware Statutory Trusts and private non-traded REITS. "Axxcess, together with Winthrop, plans to provide solutions for companies and investors that require capital, expertise, and institutional management for fractional ownership structures," Axxcess said in an announcement regarding the agreement.

Dick Gee, chairman of Axxcess Capital, said that the company “spoke to several potential partners, and Winthrop was the best fit for several reasons―leadership, capital sourcing and asset management capabilities."

According to Tim Snodgrass, president of Axxcess Capital, "We have positioned ourselves so that we can provide options for cash strapped operators and investors, that may not be unable to provide the capital necessary to enable the property to succeed in a tough market." Snodgrass continued, "Success may turn on the venture’s ability to work with lenders to reposition the property, while concurrently injecting capital and providing strong management."

Eli Spiro, chief executive officer of Axxcess, pointed out that fractional ownership structures are generally more complex than typical ownership structures and have a unique set of parameters distinguishing them from other types of ownership. “Understanding how all these parts interact, and how to navigate through them to provide an acceptable outcome for every situation, is the difference with this team,” Spiro says.

Axxcess’ COO Craig Morris added that the fractional ownership market today calls for solutions that address the needs of lenders, investors, and asset managers. He said that the agreement with Winthrop will provide "the experience, capital, and transparency to overcome all obstacles in these types of transactions,."

Friedman, Billings and Ramsey (NYSE: FBR) represented Axxcess Capital in the transaction.