Regis Group and funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management Corp. have formed Haven Capital, an originator of customized ground lease positions in high quality assets across the US.
With an initial capacity in excess of $1 billion, Haven Capital intends to capitalize ground lease opportunities in most real estate sectors in the top 50 markets. It will target ground leases across all asset classes with a minimum $20 million transaction size.
"We believe ground leases represent an attractive long-term funding source and we have formed Haven Capital with Ares to provide flexible ground leases to meet the needs of real estate owners across the United States," Nick Gould, Chairman and Founder, of Regis Group said in a statement.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
