Acquisition allows London-based Rubicon Partners to complete complex carve-out of a niche market leader from its US Corporate parent Shawbrook Bank has provided private equity firm Rubicon Partners with a funding line to complete the purchase of leading specialist manufacturer Cortland Fibron BX Ltd. An affiliate of Atlanta-based Cortland Partners has entered into an agreement to acquire more than 7,000 multifamily units from Pure Multi-Family REIT in a deal valued at $1.2 billion. Cortland Partners, ... development and management company has more than doubled its Houston portfolio with the acquisition of a dozen properties totaling 3,500 units this year. CMBS. About Cortland Partners, LLC Cortland is a product-to-people, multi-family real estate investment, development, and management company headquartered in Atlanta. Cortland is involved in the acquisition, management, and development of mixed-use and residential multi-family properties in urban and suburban locations throughout the Southern region of the US. Cortland Partners, LLC's top competitors are Steadfast, Passco and American Real Estate Investments, LLC. ATLANTA — Cortland Partners continued its strategic growth trajectory in third-quarter 2013 with eight acquisitions and the announcement of a new regional office in Dallas. Cortland | 31,685 followers on LinkedIn. Cortland Advisors Announces Acquisition of Nablis March 10, 2018; Cortland Selects Coppersmith as Chairman and CEO December 2, 2017; How to Avoid Low Valuation with Succession Planning November 29, 2017; Private Equity at the Gates November 22, 2017 Atlanta-based Cortland owns and manages 45,000 units in the US using balance sheet cash, alongside institutional debt and private equity, with partners including Canada Pension Plan Investment Board and GIC. Atlanta, Ga. ATLANTA—Locally-based Cortland Partners has reached an agreement with Canada’s Pure Multi-Family REIT to acquire it in an all-cash transaction of $1.2 billion, including net debt. See Brad Brown's compensation, career history, education, & memberships. Its focus, since its founding in 2013, has been on the buy-side, working with Private Equity companies. Cortland Partners acquires LIV Group Jones Day provided specialist advice to Cortland Partners LLC in relation to its acquisition of the LIV Group, a build-to-rent firm based in Leeds, UK. ... Cortland Cortland Partners LIV Group. McCarthy Tétrault LLP advised Cortland Partners LLC in its acquisition of Pure Multi-Family REIT LP, with the agreement between the two companies signed on July 18. Previously, Mr. Cunningham was the Vice President of Acquisition for Cortland Partners where he focused on new business development, asset valuations, and deal structuring. The transaction signals the multifamily investment and management firm’s first foray into the Washington D.C. market as part of an aggressive growth strategy spanning the Southeast and beyond. Brad Brown is Chief Acquisitions Officer at Cortland Partners LLC. Cortland to Acquire Pure Multi-Family REIT in a Going Private Transaction King & Spalding advised Cortland Partners, LLC, a multi-family real estate investment, development and management company, as it entered into a definitive agreement to acquire Pure Multi-Family REIT LP (TSX: RUF.U) in an all-cash transaction valued at US$1.2 billion. Cortland Partners has acquired a recently built apartment community in Nashville, Tenn. Atlanta-based multifamily real estate, investment, and management company Cortland Partners made its largest complex purchase in Arizona, acquiring the 408-unit Metropointe Apartments in south Tempe for $96.75 million, according to the commercial real estate transaction tracking website Vizzda.com. All parties declined to comment. While at Cortland Partners, Mr. Cunningham acquired over 60 real estate assets totaling nearly $1.5 billion in capital. StepStone said in a news release on Tuesday morning, Jan. 9, that the transaction is expected to close by the end of March, subject to customary closing conditions. About Cortland Advisors Cortland Advisors is a boutique Mergers & Acquisitions consulting firm that specializes in transactions in the $10-50 million range. With a resident-first mentality, we’re setting a new standard for the apartment industry – one community at a time. Screen, formerly the managing director of investment firm TradeRisks , has been appointed chief investment officer of the company’s new UK arm. Atlanta-based Cortland spent this past year in … With a Mission of Creating Value for a Better Life"_, we are committed to being recognized as a thought leader in our industry through outperformance. The firm is planning a capital expenditure campaign for the portfolio to upgrade building exteriors, interiors and amenities as well as the landscaping. With this acquisition, Cortland can now call itself the largest multifamily owner-operator in the Dallas-Fort Worth area, according to W&D. 3 in DFW until rising to No. Beverly Hills Saks Fifth Building to Be Sold at Foreclosure: Updated. 2018 Cortland Fibron divested from Cortland / Actuant following acquisition by Rubicon Partners. Cortland in-sources most of its multi-family development, design, construction, renovation, management, and ownership functions with the goal of providing its residents excellent, hospitality-driven living experiences. The organizational chart of Cortland Partners displays its 68 main executives including Steven DeFrancis, David Dickson and Clyde Stutts × We use cookies to provide a better service. Cortland Partners is a multifamily acquisitions, renovation and development company headquartered in Atlanta, Georgia. See Cortland Partners, LLC's revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. Cortland Partners is a real estate investment firm specializing in acquisition, management and development of commercial properties. Andrew Screen has joined US multifamily giant Cortland Partners as it begins its £4bn push into build-to-rent (BTR) in the UK. 1 with this acquisition. The all-cash transaction was valued at US$1.2 billion, including net debt, according to a statement from McCarthys. (If you couldn’t guess, Cortland Partners manages all of its own properties, too.) Operating as a separate independent company under new the ownership committed to extending 30 plus years of product focus and supply to Offshore Oil & Gas, ROV, Diving, Seismic / Geophysical, Defense and other special end use applications. Cortland Partners, LLC was founded in 1994. Cortland Partners, a real estate investment firm based in Atlanta, has acquired nine Charlotte apartment complexes totaling 3,265 units for $273.9 million. About Cortland Partners, LLC Cortland is a product-to-people, multi-family real estate investment, development, and management company headquartered in Atlanta. 41, with 32,241 units. 2019 Rebranded as Fibron. ASHBURN, VA - Cortland Partners announced that it has closed on a deal to acquire Stoneridge Apartments, a 630-unit apartment community located in Ashburn, VA in Loudoun County. Los Angeles . Pure Multi-Family is a Canadian-based real estate investment trust that owns and operates multi-family real estate assets in the major markets of the US Sunbelt. Cortland Partners also showed up on the NMHC 50 Managers list for the first time this year, at No. By continuing your navigation, you consent to their use. The seller, Westplan Investors, finished construction and welcomed residents at the start of 2017. A Cortland spokesperson says the firm was No. Courtland Partners Ltd. of Cleveland, a global institutional real estate consulting services firm, has agreed to be acquired by New York investment firm StepStone Group Real Estate LP. Savills is advising Cortland on the acquisition. Since 2010, ­DeFrancis estimates the company has acquired roughly 40,000 units and completed, on average, a $15,000 renovation on each unit. Cortland Partners, ... Atlanta-based Cortland added two apartment properties in the Houston area to its portfolio with the recently completed acquisition of Canada-based Pure Multi-Family REIT. More from MFE. 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