PASADENA, CA (MARKETWIRE – October 13, 2011) Everest Realty Management announced today that it has significantly expanded its ability to address the needs of TICs by forming a joint venture with an investment fund managed by Oaktree Capital Management, L.P., a leading global investment management firm. Through that joint venture, Everest will provide equity capital to enable TICs to solve short-term capital needs such as capital improvements or temporary negative cash flow, as well as longer-term needs such as refinancing and restructuring. [Read more…]
Brett Franklin joins Everest Properties as Chief Investment Officer
PASADENA, CA (MARKETWIRE – October 13, 2011) – Everest Properties, a privately-held, diversified real estate investment firm, appointed Brett Franklin as Chief Investment Officer. Mr. Franklin will focus his efforts on investing in distressed and value added opportunities throughout the country. Mr. Franklin will support Everest Realty Management in its efforts to provide solutions to Tenant in Common (“TIC”) owned properties. [Read more…]