(Read more on the debt and equity markets.)

ATLANTA-Wrightwood Capital, headquartered in Chicago, is expanding its investment activities in the Atlanta market and has promoted Dennis Kracik to lead the office and expansion. Kracik is replacing John Davis, says Frank Sullivan, senior regional director for Wrightwood Capital. “John left to pursue other business opportunities [and] he left this segment of the business,” Sullivan says.

Kracik began working for Wrightwood at the beginning of the year after being with Principal Global Investors for 14 years, where he had worked with Sullivan. Kracik had also previously worked for Allstate, Sullivan says. “He comes from a background where he clearly understands the real estate very well and is well suited to work in our business,” Sullivan says. “He has worked in fixed-rate and floating-rate transactions and he has done business before in the southeast.”

Kracik will be responsible for expanding the firm’s business in the Atlanta market such as securing bridge debt, construction debt, and other mezzanine and preferred equity transactions in North Carolina, South Carolina, Georgia, Tennessee, Kentucky and Alabama. “He is really doing what we have done in the past and building upon it going forward,” Sullivan says. Wrightwood Capital expects the Atlanta office to expand to at least $200 million in business on an annual basis, Sullivan tells GlobeSt.com. Kracik will also be in charge of recruiting people for the office. “We will be looking to add people as we can get the transaction volume increased,” Sullivan says.

Wrightwood has had an office in Atlanta since 2005, Sullivan says. In May, Wrightwood provided $19 million in construction financing for the 123,542-sf Village Place Brookhaven mixed-use development here, as previously reported by GlobeSt.com.

Wrightwood also has regional offices in Dallas, Houston, Newport Beach, Norwalk, San Francisco, Tampa and Washington, DC. In July, Wrightwood announced that it is expanding its origination platform to loans up to $100 million, as previously reported by GlobeSt.com. Wrightwood is offering the larger loans in addition to the middle market loans of up to $35 million. Sam Bluso was hired this summer as the senior director for capital markets to assist in the expansion.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.