Revetas has been appointed by a German investment manager, representing several pension funds and other investors, to support the repositioning of a $4.0 billion US property portfolio. The mandate aims to complement the portfolio with additional governance, restructuring and capital markets expertise tailored to the current market environment.
Revetas has also been named Manager of the US management company overseeing the portfolio. The strategy includes repositionings, selective sales, refinancings and capital restructurings, while ensuring continuity for tenants, lenders and partners. The portfolio comprises life sciences, multifamily, student housing, offices and partially completed developments across leading US cities.
Eric Assimakopoulos, Founding Partner of Revetas Group, said: “Revetas has been mandated to maximise value for all investors in this high-quality portfolio. By combining the investors’ platform knowledge with our restructuring and operational expertise, we can pursue the most effective strategy for each property.”
To help lead the effort, Revetas has partnered with Marty Burger, Founder and CEO of Infinite Global Real Estate Partners and former CEO of Silverstein Properties.
Marty Burger commented: “After years of market stagnation, Revetas’ specialist team is well-positioned to help institutions resolve legacy issues and unlock new opportunities. I look forward to working with Eric and his team on this portfolio and future projects.”
Revetas, founded in 2002, has invested and managed over $6 billion in real estate across ten countries, focusing on value-add and special situations.
