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Media Contact: Sean Healy
Healy Corporate Communications
Phone Number: +1 201-218-2039
Email: sean@healycorp.com

March 18, 2021, American Ventures Partners

American Ventures Parnters Launches $1 Billion Fund to Invest in Distressed U.S. Commercial Real Estate

CORAL GABLES, Fla., March 18, 2021 (GLOBE NEWSWIRE) -- American Ventures Partners today launched the American Ventures Strategic Property Fund to invest in distressed U.S. commercial real estate, with a target capital raise of $1 billion. The investment fund provides a tax-advantaged structure to non-U.S. investors.

 

“Uncertain times offer extraordinary opportunity,” said Philip Blumberg, chairman of American Ventures. “That holds true like never before, with Class A office properties available at steep discounts. Geographically, our best opportunities will be found in states with comparatively low costs of living and taxes, such as Texas and Florida, markets where we have strong experience.”

January 26, 2021, New York Post

Commercial building sales slumped in 2020, but deals are on the horizon

Commercial building sales slumped in 2020, but deals are on the horizon

By Lois Weiss  |  January 26, 2021

 

Commercial sales slumped in 2020 as quarantines crushed the global markets.

Nevertheless, some savvy firms were able to carve out deals.

December 30, 2020, S&P Global Market Intelligence

American Ventures Partners is raising $1 billion to purchase distressed office assets

American Ventures, a division of Blumberg Capital Partners, is planning to raise $1 billion in 2021 to buy high-quality office assets primarily in Florida, Texas, and other states with lower taxes and cost of living than New York and California, The Wall Street Journal reported.

December 30, 2020, Wall Street Journal Commercial Real Estate Weekly

American Ventures managing partner, Philip Blumberg, is raising $1 billion to buy distressed commercial real estate from struggling office landlords.

American Ventures managing partner, Philip Blumberg, is raising $1 billion to buy distressed commercial real estate from struggling office landlords.  American Ventures joins a growing number of investors anticipating a deal rush due to the havoc wrought by the pandemic. 

December 29, 2020, Wall Street Journal

Blumberg Joins Rush of Property Firms Raising Funds for Distressed Deals

Blumberg Capital Partners, through its American Ventures Partners division, is beginning to raise capital in anticipation of a wave of distressed commercial property buying opportunities.  There are early signs of distress in the commercial mortgage-backed securities market, as there has been a rise in delinquencies compared to the same period in the prior year. 

December 08, 2020, Multiple Media Outlets

Philip Blumberg has launched a $1 billion fund to invest in distressed commercial real estate as well as supply-chain/logistics warehousing

Philip Blumberg, managing partner at American Ventures Partners, has launched a $1 billion fund to invest in distressed commercial real estate as well as supply-chain/logistics warehousing.  Mr. Blumberg has a long history of buying distressed real estate in his previous funds. (Generating an average annual return of 17.9%, net of fees and expenses).  In 2000, Pensions and Investments and The National Council of Real Estate Investment Fiduciaries independently ranked American Ventures in their top funds.

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This website is for informational purposes only, and should not be relied upon by perspective or actual investors in the fund. The offering of interests in the fund is made solely pursuant to the amended and restated confidential private placement memorandum dated June 30,2020, concerning the fund, as it may be supplemented and amended from time to time (the private placement memorandum). This website is not intended, and should not be relied upon, as a complete statement of terms of the offering. Any potential investor should refer to the private placement memorandum for a complete statement of the terms of the offering, as well as for a description of pertinent risk factors, which should not be considered in connection with any proposed recommendation of investment in the fund. Past performance is no indicator of future performance.