PHILADELPHIA-Binswanger is moving beyond servicing tenants in their real estate ventures to actually buying assets for itself. The locally headquartered firm just launched Binswanger Capital Group (BCG) to buy assets worldwide.
BCG has the support of a "diverse group of investors," according to a company statement, including "high net worth individuals," "family trusts and equity funds." The group is looking at all major asset types in metro US markets, as well as commercial, industrial and residential assets in Latin America, particularly Brazil.
The company did not mention the amount of money it intends to spend on these acquisitions, and a executives were not available to comment before GlobeSt.com's deadline.
BCG, which is headquartered in New York City, is headed up by David Binswanger, who holds the president and chief executive officer title. Jonathan Stern is the new entity's chief operating officer.
The new group's parent company has had a busy March. The firm brokered the sale of a 221,235-square-foot industrial building in La Grange, GA; secured a new manufacturing facility for, R
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