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MORRISTOWN, NJ-Jackson Hole, WY-based Convergence Investments, an investment, consulting and development firm, has partnered with the locally based Hampshire Cos. to close the gap between distressed debt and commercial paper funds and public homebuilders.

Convergence has historically focused on distressed land opportunities in master planned communities, primarily in accessible East Coast markets where demand is driven by demographics, which require experienced acquisition and project management resources to realize deal value. Hampshire, meanwhile, has more than 50 years of experience in acquiring, developing, leasing, managing, financing and disposing of real estate.

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