Separately, the firm's Advisory Services division says it closed a combined $160 million in financings in March and April. The properties involved are on the West Coast and in Hawaii.
The $25-million fund will invest in JV equity and mezzanine investments ranging from $1 million to $5 million each. It will look for a variety of property types for value-added and development transactions.
The recently completed financing deals included construction financing for the 520-unit Hyatt Regency Grand Coast Resort in Huntington Beach; the boutique, 77-room Santa Monica Hotel in Santa Monica; and the 135-bed Ala Lani Assisted Living Facility in Maui, HI.
In another transaction, the firm sourced $15 million in acquisition and construction financing for the speculative development of an 82,500-sf class A office building in Oakland. The complex is on the site of Downtown's former Oakland Athletic Club.
Though its headquarters are here in Orange County, Buchanan Street Partners also has offices in LA and San Francisco. It specializes in structured fiancé transactions, makes principal investments on behalf of clients, and provides advisory services for owners and developers.
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