Pacific Security Capital Selected as Exclusive Placement Agent for a 1 Billion Euro Real Estate Opportunity Fund in St. Patrick’s Day Deal
Posted by Media Relations on Thursday, March 17th, 2005 - Comments »
Commercial real estate investment bank, Pacific Security Capital, will be the exclusive placement agent for a €1Billion Euro fund raised by an Irish investor. Beaverton, OR – March 17, 2005 – Pacific Security Capital a leading provider of commercial real estate loans, structured finance and advisory services, is celebrating St. Patrick’s Day with the acquisition of a major €1 Billion Euro contract.Pacific Security Capital will be the exclusive placement agent for an Irish investor that has raised in excess of €200 Million Euro that will be leveraged into a €1 Billion Euro closed-end opportunity fund that will invest in US real estate assets. The closed-end fun will make investments by acquiring, lending or investing in office, industrial, retail, multifamily, hospitality and residential real estate located in the US.“This is the first Irish fund that has been created for investment in US real estate” said Mike Myatt, executive managing director. “A lot of wealth has been created in Ireland over the last decade due to the strong Irish economy. With the strength of the Euro combined with the stability of the US real estate market the fund should be very successful,” said Myatt.The fund’s investments will be concentrated in first- and second-tier markets, with the placement of funds beginning toward the end of the second quarter.Pacific Security Capital is widely regarded as a leading commercial real estate investment bank and was selected for this engagement based upon the strength of their market knowledge and contacts coupled with their transactional and professional services capabilities. Earlier this year, the company relocated and expanded its corporate headquarters to accommodate a 40 percent growth in its origination staff.Learn more about Pacific Security Capital at www.PacificSecurityCapital.com or call 1-800-844-6085.About Pacific Security CapitalPacific Security Capital (PSC) is a leading commercial real estate investment banking firm. PSC provides debt, equity and hybrid capital for the acquisition, development, construction, renovation, bridge, mezzanine, and permanent financing of commercial real estate projects located in the United States and most parts of Canada requiring more than $3MM in financing. PSC is headquartered in Beaverton, Oregon with other offices around the United States. More information about the company can be found at www.PacificSecurityCapital.com.