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Capital Accelerator Program IV
Kipling Capital served as the sole placement agent for Fidelity CAP IV, LLC. The offering provided Kipling Capital's investors an exclusive opportunity to co-invest with Fidelity Partners, Inc. and the principals at Kipling Capital. The Fund will acquire under-performing tax-exempt debt obligations secured by residential apartments and will opportunistically purchase multifamily real estate with a significant "value added" component.
Total Equity Raised $20,000,000
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McDowell Multifamily Partners, LLC
Kipling Capital served as the sole placement agent for McDowell Multifamily Partners, LLC. The offering provided Kipling Capital's investors an exclusive opportunity to co-invest with Patrick McDowell and the principals of Kipling Capital in opportunistic acquisitions of multifamily properties with potential for significant value creation and appreciation in metropolitan areas expected to have strong population and job growth.
Total Equity Raised $30,000,000
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Somerset Villa Apartments
Phoenix, Arizona
Somerset Villa Apartments is a 384 unit apartment complex located on an 11.9 acre infill site in North Central Phoenix. Somerset Villa Apartments was purchased in an off-market transaction at approximately 80% of the estimated replacement cost.
Project Cost $15,000,000
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Capital Accelerator Program II
Kipling Capital, Inc. acted as sole placement agent for the Capital Accelerator Program II (CAP II). The CAP II LLC acquires under performing tax exempt bonds at a discount to the value of the underlying real estate, with the goal of distributing cash flow in the form of tax exempt interest income and creating appreciation for the investors through intensive management of the properties secured by the bonds.
Total Equity Raised $10,000,000
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Chesapeake Park Plaza
Kearney Mesa, California
Chesapeake Park Plaza a 93,646 square foot office building with parking on the ground floor. The property is well located in the Kearny Mesa area of San Diego.
Project Cost $18,500,000
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Teton Mountain Lodge
Jackson Hole, Wyoming
The 130,000 square foot Teton Mountain Lodge offers condominium ownership (studios, 1, 2, and 3 bedroom units) and all of the services and amenities of a four-star hotel. The 22% priority equity investment was put in place after construction commenced and over 50% of the luxury ski-in ski-out condominium units were pre-sold pursuant to executed purchase and sale agreements.
Project Costs $36,000,000
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The Sunset Tower/CNN Building
Hollywood, California
A Landmark, 198,713 sq. ft., 14 story, Class A office building with an adjacent 5 story parking garage located on Sunset Blvd. in Hollywood, CA. The Sunset Tower lies in the immediate vicinity of over $1 billion dollars in retail and residential conversion and redevelopment projects and provides easy access to freeways and the new Metro-Rail Line.
Project Costs $36,700,000
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Tierra Del Sol Apartments
Mesa, Arizona
Tierra Del Sol Apartments is a 276-unit apartment complex located on 14.9 acres in the South Mesa submarket of Phoenix. The total purchase price for the property was $16,918,000, which equates to $61,295/unit or $65.10/SF. The property is in an excellent infill location 1.4 miles from the Fiesta Mall, the center of retail services and employment in Mesa.
Project Costs $16,918,000
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Hotel Pacific
Monterey, California
Kipling Capital Inc. and its affiliate, Kipling Partners, LLC, structured and funded this investment in The Hotel Pacific. The hotel is located close to the downtown and Old Town areas and conveniently near the convention center. It is possible to walk to many attractions, shops, restaurants and entertainment venues. The hotel offers 105 junior suites.
Project Costs $16,000,000
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Capital Accelerator Program III
Kipling Capital Inc. acted as sole placement agent for the Capital Accelerator Program III (CAP III). CAP III will acquire sub performing tax exempt multi-family revenue bonds at a discount to the par value of the bonds and the underlying value of the real estate. The bonds are secured by apartment communities which generate cash flow that is paid to the CAP III investors as tax exempt interest income.
Total Equity Raised $18,000,000
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Value Creation
Defaulted Bonds
Capital Accelerator Program III |
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333 Gellert Office Building
Daly City, California
A 61,500 sq ft neighborhood serving office building catering to the small to medium office user, located in Serramonte Plaza which is contiguous to the 860,000 sq ft Serramonte Regional Shopping Center in Daly City, CA.
Project Costs $13,800,000
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Towne Center at Brookhill
Denver, Colorado
A 305,633 square foot Westminster community shopping center located in the Denver Metropolitan area. Key anchors currently include: Home Depot (which owns its own building), Ross Dress for Less, Burlington Coat Factory, Bed Bath & Beyond, Chili’s Restaurant and Shoe Carnival.
Project Costs $32,000,000
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Trade Center I & II
Redlands, California
Trade Center I & II is a 193,787 square foot, four-building office park, located in Redlands, California. Both properties were structured into a single investment.
Project Costs $8,060,000
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Valley Corporate Park
Van Nuys, California
Valley Corporate Park is a 153,130 square foot, five-building office park, located in Van Nuys, California.
Project Costs $17,775,000
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Warner Atriums
Woodland Hills, California
Warner Atriums is a 126,000 square foot office building plus a three level parking garage located in Woodland Hills, California.
Project Costs $19,010,000
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Arbor Courtyard Business Park
Los Angeles, California
A 182,352 sq. ft. mixed use office and warehouse business park consisting of 5 buildings on 9.5 acres. Located in the submarket known as El Monte in the San Gabriel Valley, 12 miles east of downtown Los Angeles, tenants benefit from a “foreign trade zone” that provides favorable import/export tax treatment.
Project Cost $19,305,000
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Overlook Apartments
Bellevue, Washington
Kipling Capital, Inc. provided a portion of the private equity in a $114,000,000 Joint Venture between a Kipling Capital affiliate and an institutional investor. Our affiliate has a long and successful track record as a Contrarian/Value Added investor. The joint venture was formed to acquire apartment communities located in targeted metropolitan areas throughout the United States with a total acquisition cost of approximately $450,000,000. The first acquisition in the fund was Overlook at Lakemont, Bellevue, WA a 400-unit apartment community.
Equity Raised $5,300,000
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