How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? Languages spoken: His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. Mr. Govindaraju was named the IndoUS Chamber of Commerce Businessman of the Year for 2002. in Systems Engineering from the University's School of Engineering & Applied Science. Help Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. Our team has selected for you a list of hotel in Sax classified by value for money. Mr. Govindaraju has been investing as a principal in commercial real estate since 1999. . Santosh is a member the Samuel Zell and Robert Lurie Real Estate Center at the Wharton School of the University of Pennsylvania, The Committee on Foreign Relations, and Leadership Florida. Anand Vihar is the premier 55-plus community in the United States. Make sure you are able to repay it before making a contractual commitment. Santosh Govindaraju, Convergent Capital Partners LLC: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas,. Tampa investors buy Mercury Insurance Building on Ulmerton, Knights Point on Harbour Island lands large office tenant, Convergent Capital buys former Universal Health Care building in downtown St Petersburg. "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. Affected credit from 5,000 to 120,000 subject to acceptance by Cofidis SA Directoire et conseil de surveillance au capital de 67 500 000 . Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. Since 2008, when the economy teetered dangerously close to collapse, Convergent has acquired more than $460 million worth of mortgages and real estate including hotels, gas stations, medical offices, luxury condos and even a golf course. With over 150 years of combined experience in Florida real estate, Convergent is a pre-eminent and dominant player in Florida's real estate markets. Among its better-known local holdings: the Hyatt hotel in Clearwater and the Knights Point center on Tampa's Harbour Island, home of the popular Jackson's Bistro and many now-vacant storefronts. With over 150 years of combined experience in Florida real estate, Convergent is a pre-eminent and dominant player in Florida's real estate markets. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. John Mason Co-Founder, Investment Committee Member. Convergent Media was formed to invest in and produce independent films, and to date, the nascent firm has two credits to list entitled Bernie the Dolphin and a murder mystery called The Night Clerk with Tye Sheridan and Helen Hunt with a third now in production. He is responsible for the strategic direction and growth of the company. All Rights Reserved. Part of the Tampa-based companys shift has involved preferred equity lending, from a roughly $50 million unleveraged fund it closed in August 2017. Govindaraju, who spent three months studying the business at the University of California at Los Angeles famed film school, says he now spend roughly one quarter of his time on the media concern. Tampa-based Convergent Capital Partners, a private real estate equity firm, has purchased Mercury Insurance Co-Floridas Clearwater office building in a $19.6 million deal. Paragon, Mr. Govindaraju originated over $600 million in residential and commercial mortgage loans and repositioned / developed over $100 million of commercial real estate. m, Consumption : 11 Were very selective about who we do deals with, but once we form a partnership, well follow them wherever they want to go, and always were investing on a risk vs. reward basis, Sachdev says. Convergent Capital Partners is becoming a major player in Tampa Bay real estate Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh. Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. Copyright 2023 Observer Media Group Inc., All Rights Reserved, Convergent Capital Partners, Liberty Group partner on Aloft project, Seizing on opportunities in Opportunity Zones, Convergent Capital Partners closes $40 million fund, Blackstone buys Westin hotel, Convergent Capital buys nearby Knights Point, Convergent Capital joins Park Square ownership, as required for Public Notices per F.S. But its a tough time to buy real estate.. Calling all real estate enthusiasts! We see a lot of room for growth and we want to be part of it. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. June 26, 2015 April 12, 2013 October 6, 2017 March 22, 2019 June 26, 2015 You last contacted this investor on . The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. Convergent Capital Partners Location 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States Description Industry Finance General Finance Discover more about Convergent Capital Partners Org Chart - Convergent Capital Partners Paul Erdman One property Convergent Capital has turned around that it isnt prepared to part with at least not yet is The Pointe, on Tampas Harbour Island. Le gps est calibr en fonction des volumes du vhicule. What are your plans for the Universal Health Care building? Why did you want mortgages instead of the actual property? Example of loan financing over 161% months for this vehicle sold for 45 300,00, including tax and VAT: . We knew we were going to be in the market a long time, and the real estate developer who faces trouble eventually is going to be back we've already seen them come back. A votre disposition pour tout renseignement complmentaire, About the leak test : il sera fait pour la vente, il est fait chaque anne, Date of last vehicle safety inspection : 11/10/2022, Date of last service performed : 03/10/2022. Do you expect more investments in the Tampa Bay area? Eric Isenbergh Mr. Isenbergh brings a wealth of building experience to Anand Vihar. Find below the times of sunrise and sunset calculated 7 days to Sax. "But the focus for so many of these individuals and groups is real estate.". Submitters are 7x more likely to receive a qualified connection. With its recent purchase of Universal Health Care's former headquarters, Convergent Capital Partners instantly established itself as an important player in downtown St. Petersburg's torrid office market. Santosh Govindaraju is the Portfolio Manager of Convergent Capital Partners LLC, a real estate private equity firm focused on opportunistic real estate investments primarily in Florida. With over 150 years of combined experience in Florida real estate, Convergent is a pre-eminent an Read More Contact Who is Convergent Capital Partners Headquarters Independent films win Oscars, Govindaraju says of the Academy Awards. The company's real estate holdings include among others 121 units in the 168-unit Legacy at Tampa condominium and 46 units at The Palms at Riviera Dunes in Palmetto. Web Design by Katapult Marketing. At Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. He adds that he was drawn to more independent films because they tend to gain more critical acclaim than blockbusters. Mr. Govindaraju began his career at Lehman Brothers in New York as a trader of fixed income derivatives, including various U.S. Dollar interest rate products such as swaps, caps and floors. Prior to Convergent Capital Partners LLC, Mr. Govindaraju was CEO of Paragon Capital Partners, LLC, a Tampa based real estate private equity firm. Geographic Information regarding City of Sax. By continuing to use this site you are consenting to these choices. He looks forward to his parents moving to Tampa and joining the Anand Vihar community. We want it to feed off the great urban location, to feed off what (Tampa Bay Lightning owner) Jeff Vinik is doing, to feed off the convention center. TAMPA For a couple of local tech startups, the money from investors is just as green, even if it is coming from nontraditional sources. A University of Michigan graduate and a former banker, Sachdev, 35, started Convergent with partners Santosh Govindaraju, 38, who began his career trading fixed-income derivatives, and Paul Beraquit, the "on the ground" partner who handles the physical aspects of their real estate deals. Find all the information of Sax or click on the section of your choice in the left menu. His two children attend high school here, and he and his wife founded a charter high school for exceptional children. He is responsible for the strategic direction and growth of the company. We're very selective, but once we identify an asset class we move quickly. Santosh Govindaraju, CEO of Convergent Capital Partners in Tampa Nola Laleye By Ashley Gurbal Kritzer - Real Estate Editor, Tampa Bay Business Journal Jul 27, 2018 In the back of his. We promise to provide you with quality, value and peace of mind. You have a legal retraction period of 14 days from the signing of your contract. We want to add a marina. Use the CB Insights Platform to explore Convergent Capital Partners's full profile. We want to maintain relationships with all these people because they are dealmakers. Two Tampa technology startups will receive $1.5 million from angel investors in deals that the nonprofit startup incubator Tampa Bay WaVe helped shepherd by seeking capital from sources without a deep history in tech funding, the group said on Thursday. This real estate private equity firm makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. France. The complete history of this vehicle is available online. It was a townhouse of 40 units developed near USF (University of South Florida) in Tampa. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. Santosh Govindaraju is the Portfolio Manager of Convergent Capital Partners LLC, a real estate private equity firm focused on opportunistic real estate investments primarily in Florida. Its a question the principals at Convergent Capital Partners have been asking a lot of late, as commercial real estate values have soared and turnaround prospects have dimmed. Focusing on development and the turnaround of commercial real estate projects, Santosh has applied his creative vision in the investment of over $1 billion of both equity and debt in commercial real estate throughout the United States. 147 Avenue De Lacaze-basse. APR fixed at 4,96 %. His company, Convergent Capital Partners, has invested over $500 million in real estate projects since 2008. . How has your investment strategy changed over the years? Wikicampers offers you a 3-month SECUR warranty. The New Yorks, the D.C.s have all come back, but these secondary markets are still very good investment opportunities. Govindaraju said he wasn't comfortable with tech investment when he first looked at the sector nearly 20 years ago. And we've never retreated on a deal. Nik Sachdev, Managing Director, Convergent Capital Partners. In late 2015, it was sold for $30 million. Convergent Capital Partners has 1 fund, including CCP Fund I LLC. Weve gone from acquiring bank notes to making direct investments in properties to making preferred equity deals, he says. The Universal Health Care building, we were able to buy 130,000 square feet in the heart of St. Petersburg for below replacement cost when St. Petersburg is growing phenomenally. The companys biggest investment move, however, has been completely outside of real estate and into filmmaking. P Read More Contact Santosh Govindaraju's Phone Number and Email Last Update 3/9/2023 4:04 AM Email s***@convergentcap.com Engage via Email Contact Number (813) ***-**** Engage via Phone Mobile Number At the same time, the company has hedged its risk exposure by investing with partners and by covering expenses through the sale of distribution rights and other means. There, the company more than doubled operating profit in about three years, to just under $10 million, by executing a strategy that favored leisure travel over corporate business. Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. "I intended to invest in tech startups in the late '90s, but I didn't find the market fit me because it was too speculative at the time," he said. Sachdev says the new directions represent the latest in a gradual evolution for the company, which turned 10 years old last September. But with years of tourist gains statewide and a laser-like marketing campaign by state and regional officials, Clearwater Beach has become one of Floridas most widely-visited tourist destinations. Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. Quelques renseignements complmentaires sur mon vhicule : Convergent Capital Partners revenue is $4.1 M, Convergent Capital Partners has 12 employees, Convergent Capital Partners headquarters are located in 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States, Convergent Capital Partnerss main industries are: Finance, Venture Capital & Private Equity, Convergent Capital Partnerss CEO is Paul Erdman, Convergent Capital Partners appears in search results as Convergent Capital Partners LLC, Convergent Capital Partners, Convergent Management LLC, Get Free Access to Convergent Capital Partners Contacts Info. He has built over 3500 homes, most recently 1700+ homes in Tampa Bay. Sax Fax number. From growth, acquisition, and recapitalization situations, we approach every funding project as a unique opportunity to help make a difference in small businesses, their people, and communities. We consider it an irreplaceable asset in an irreplaceable location, Sachdev says. Phonism is a cloud company that has developed tools allowing voice over Internet-Protocol phone service providers to reduce support costs. Get a quote for your financing plan in just a few clicks. In 2003, he designated as the Young Minority Business Person of the Year and honored as onof the "Top 30 Under 30" by the Tampa Bay Business Journal. He serves on the board of directors of the IndoUS Chamber of Commerce, the board of directors of Asian American Chambers of Commerce of Tampa Bay, the board of directors of Chinmaya Mission Tampa Bay, and the board of trustees at Academy of the Lakes, all of which are in Florida. The Class A office building, built in 1999, features a community gym and on-site caf, according to a Loopnet listing, which previously advertised the property for lease. We bought it when it was very, very distressed, and put a lot of resources and money into it, and now it's a thriving apartment community that was 15 percent occupied when we bought it. 81710 SAIX. We really like Naples and Bonita Springs; it's a very strong kind of retirement community, and we like the demand drivers there. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. Thanks to our partner AutoViza, get it here in just one click. Because we know were only as good as our last deal.. Private Equity Stage Investors Private Equity Firms, Number of portfolio companies associated to the Person, Algorithmic rank assigned to the top 100,000 most active Investors, The organization associated to the person's primary job, This describes the type of investor the person is (e.g. Its hard to plan for the future when the real estate market appears to be at its peak, Sachdev says. We love the Tampa Bay market, St. Pete included. And no matter what we do, we want to create a positive impact., Were going to maintain our sense of trustworthiness and loyalty, Sachdev says. Govindaraju says film investments can yield five- to 10-times the capital placed in them. Govindaraju says the companys greatest success, though, was its turnaround of the Hyatt Regency Clearwater Beach Resort & Spa, on Clearwater Beach. Log In or Sign up to contact this investor. In 2008 and 2009, we were invested in multifamily (housing), but that became so overheated we got out. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. When it sold late last year, it was more than 90% committed. Today, the 113,000-square-foot urban retail and office center is 97% committed, following a $15 million renovation and leases with Physicians Partners, Total Quality Logistics, American Social and others. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Since founding the firm in September 2008 through 2014, Santosh has led the team in the acquisition of approximately $550 million in commercial real estate assets. Discover the benefits negotiated for you. Want more of our free, weekly newslettersinyourinbox? Drs. Knights Point is one of the few remaining waterfront sites in Tampa that is not as fully developed as it should be. Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. Then we bought a large apartment complex of over 150 units in the USF area, the St. Moritz. Anand Patel is president of Pangea Realty and Development Group. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. . Letsgetstarted. Mr. Govindaraju is a member of Leadership Florida, Committee on Foreign Relations, and the Zell Lurie Institute at the Wharton School. Sax Phone number. Information on the people and the population of Sax. . By continuing to browse our site, you declare that you accept their use. Affected credit from 5,000 to 120,000 subject to acceptance by Cofidis SA Directoire et conseil de surveillance au capital de 67 500 000 . Convergent Capital is working to install a boardwalk and 50-slip marina on the property, and next year, Jacksons Bistro is slated to begin a major overhaul of its restaurant, which combined will likely add even greater value. It could be both office and retail, or it could be just office. Taking out a loan is a commitment and must be repaid. For even more peace of mind, extended warranties will be available when you purchase. He is an award-winning builder who has been involved with over 40 major real estate developments in Florida. - Idal pour une famille car fait pour 5 couchages Mr. Govindaraju was named Indo-US Chamber of Commerce Businessman of the Year for 2002. As Anand Vihars Director of Sales, Mr. Patel interacts with hundreds of active adults throughout the US and the world as they look to make Tampa Bay and Anand Vihar their future home. The risk there was that so-called group business often is more predictable, albeit at lower room and food and beverage rates, than individual travel. Moving forward, the pair say that whatever the platform, they will invest with the principals that have guided them thus far. Since 2008, Convergent has acquired over $400 million in performing / sub-performin g commercial mortgages and real estate. Krishna Nallamshetty and Seenu Sanka, long-time residents of Tampa Bay and local entrepreneurs, partnered with two of the leading real estate developers in Florida, Santosh Govindaraju, CEO of Convergent Capital Partners, and Eric Isenbergh, CEO of Oxford Homes, to turn their vision into a reality.. Follow @susanskate. 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. Convergent has several hotels, including the new Aloft in downtown Tampa, a Holiday Inn Express in Naples and Candlewood Suites hotels in Hilton Head, S.C., Charleston, S.C., and Athens, Ga. Why so many hotels? We always do what we say. We use cookies to improve and personalize your browsing experience, analyze our traffic, and provide social networking features. He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. People. Send Message. He was recently honored for his medical services, and recognized as a top physician in Tampa Bay. 1115 Narmada Way, Wesley Chapel, FL 33543. Holding on to The Pointe could be especially important if Sachdev and Govindarajus beliefs about the current inflated state of the commercial real estate market prove true. After roughly $15 million improvements, the property opened as a 130-room Aloft Hotel. He is the president of a leading medical practice, but is also an entrepreneur at heart, supporting numerous technology and health care start-up companies. I think well always try to be a bit contrarian and try to see where others math might be viewed as wrong, Govindaraju says. In film, youre developing intellectual property, whereas in real estate, youre developing or investing in real property.. Mr. Govindaraju obtained a Bachelor of Science in Finance and Entrepreneurial Management from the Wharton School of the University of Pennsylvania and concurrently earned a B.A.S. Convergent Medias goals go beyond recognition, however. He is a physician and avid traveler, who enjoys spending time with his wife and their two children. CEO, Convergent Capital Partners Santosh Govindaraju is at the helm of a company poised to make its mark on Tampa Bay's two urban centers. Santosh is responsible for sourcing the acquisitions, defining exit strategies, negotiating workouts, and overseeing strategy.
