CHICAGO—Capri Capital Partners, LLC, has just restructured itself into Capri Investment Group, an umbrella that now represents Capri-affiliated companies and partnerships. The company had $3.7 billion in assets under management as of December 31, 2014. CIG now consists of five major SEC-registered entities: Capri Capital Partners, Capri Retail, Capri EGM, Capri Global Capital (Cayman) and Capri Africa. All of the companies will be identified as CIG companies in external branding and in subsequent marketing efforts.

“CIGis in active expansion domestically and globally, which necessitates the creation of separate teams around the world to execute distinct investment mandates,” says CIG chairman and chief executive officer Quintin E. Primo III. “This has made it more important than ever for us to rally around common strategic, business and operational initiatives, and reinforce our special and distinctive corporate culture. Uniting our businesses under one umbrella organization helps achieve this and allows us to continue to provide the highest possible level of service to our many institutional clients.”

Capri Capital Partners, LLC will act as CIG's investment advisor. It has specialized in multifamily and multifamily mixed-use investments since 1990 and will target mid- and high-rise properties in urban core locations in US gateway cities. L. Heather Mitchell will lead CCP. As reported in GlobeSt.com, she was recently promoted to president and chief operating officer and previously served as the firm's chief administrative officer as well as principal, investor relations.

President and chief executive officer Ross B. Glickman leads Capri Retail – consisting of Capri Retail Advisors, LLC, and its property management subsidiary, Capri Retail Services, LLC. This company focuses on retail opportunities in underserved trade areas in major US metro areas.

In 2014, Capri formed a joint venture with Equity Global Management called Capri EGM, LLC that focuses on net lease, sale-leaseback and build-to-suit real estate investments in office, industrial and retail properties. Shelby E. L. Pruett is co-chairman and chief executive officer of this company, which currently targets US markets.

In addition to his role at the helm of CIG, Primo also heads Capri Global Capital, LLC (Cayman) as chairman and chief executive officer. Since it was founded in 2008, CGC has targeted growing markets in Africa, India and the Middle East. CGC will continue to pursue opportunities in these markets as urbanization creates growing demand for modern commercial properties. Capri Africa was formed in 2014 to focus on several quickly growing African countries and is led by president and chief executive officer Paul B. Edwards.

The restructuring is just the latest move by Capri to increase its international profile. As reported in GlobeSt.com, last summer Capri named real estate economist Dr. Sam Chandan as a partner, and its chief strategy officer and global head of strategy and research. A contributor to GlobeSt.com, Chandan also joined the firm's investment committee.

Instant Insights /

Capri Capital Partners Restructures Business

Related Stories

Recommended For You