TriGate Capital and Tower Realty Partners sell Orlando Office Building
DALLAS, TEXAS – Dallas based TriGate Capital, a leading real estate investment manager focused on the recapitalization and repositioning of real estate assets and companies, in conjunction with operating partner, Tower Realty Partners, sold the final building of the joint venture’s portfolio in Lake Mary, Florida.
John Mearns, Senior Vice President at TriGate said: “This building sale represented a full turn of our investment, which included a significant renovation of various external portions of the buildings, significant upgrades to the site, re-leasing of portions of the buildings and two separate building sales.”
Ronald J. Rogg and Chip Wooten of CBRE represented the partnership in the property sale.
About TriGate Capital
TriGate Capital, LLC (TriGate) is a leading real estate investment manager focused on the recapitalization and repositioning of real estate assets and companies. TriGate is based in Dallas, TX and has completed investments throughout the United States.
TriGate manages three fully discretionary real estate funds, TriGate Property Partners, LP (Fund I), TriGate Property Partners II, LP (Fund II) and TriGate Property Partners III, L.P. (Fund III), which are the vehicles through which TriGate conducts its investment strategy. Fund I and Fund II are fully invested and Fund III is presently in its investment period.
TriGate’s team has been responsible for acquiring over $11 billion of real estate assets through multiple types of transaction structures. The Company’s professionals have significant expertise in real estate operations, debt restructuring, and asset and company recapitalization. Additionally, the team has extensive expertise in real estate asset selection and structuring transactions to weather different stages in the real estate investment cycle.