our sites and services. Nik Sachdev - Partner - Convergent Capital Partners | ZoomInfo Mr. Govindaraju is a Tampa native, and a graduate of the prestigious Wharton School of Business. Want more of our free, weekly newslettersinyourinbox? 2019 Anand Vihar LLC. for a total of 45 300,00 loaned, reimbursed in 161% monthly installments of %mensualit%, not including insurance(s) and/or optional service(s): 61 766,30. Such was the case at 490 First Ave. South, in downtown St. Petersburg, where Convergent Capital partnered with New Jersey-based office specialist Denholtz Associates. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. Conditions in force on 01/01/2021. Follow @susanskate. g commercial mortgages and real estate. Well-located properties, history has shown, always come back the quickest from any downturn, and theres a recognition on our part that you have to pay a premium for that at present., "Our main focus right now is on creating upside while limiting and protecting our downside." Information on the people and the population of Sax. 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Mr. Govindaraju graduated from the University of Pennsylvanias prestigious Jerome Fisher Program in Management and Technology (M&T), with a Bachelor of Science in Economics with concentrations in Finance and Entrepreneurial Management from the Wharton School and a Bachelor of Applied Science in Systems Engineering from the School of Engineering & Applied Science and minors in Theatre Arts, Mathematics, and South Asian Studies. As Anand Vihars Director of Sales, Mr. Patel interacts with hundreds of active adults throughout the US and the world as they look to make Tampa Bay and Anand Vihar their future home. It was a very difficult time, but we found a group of high-net-worth individuals who trusted us. The companys biggest investment move, however, has been completely outside of real estate and into filmmaking. 25 People to Watch in 2015: Santosh Govindaraju Investment | Liberty Group We're very selective, but once we identify an asset class we move quickly. Wikicampers offers you a 3-month SECUR warranty. Convergent Capital Partners is becoming a major player in Tampa Bay In 2003, he designated as the Young Minority Business Person of the Year and honored as onof the "Top 30 Under 30" by the Tampa Bay Business Journal. Book your hotel room at the best price. Phonism is a cloud company that has developed tools allowing voice over Internet-Protocol phone service providers to reduce support costs. In 2008 and 2009, we were invested in multifamily (housing), but that became so overheated we got out. Location Convergent is eying another $50 million to $75 million in real estate it hopes to acquire within 12 months. Govindaraju says the companys greatest success, though, was its turnaround of the Hyatt Regency Clearwater Beach Resort & Spa, on Clearwater Beach. Santosh Govindaraju - Biography - IMDb Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Below is a list of activities and point of interest in Sax and its surroundings. We love the Tampa Bay market, St. Pete included. . Convergent Capital Partners previously purchased the 250,000-square-foot Tampa Bay Times HQ in St. Petersburg in 2016 and sold it two years later. Convergent Capital Partners Tampa, Florida, United States 520 followers 500+ connections Join to view profile SAGE Development Group About I am currently pursuing my Master's of Science in. While the privately owned company doesn't talk about returns on individual investments, "we've been successful in all projects to date," Sachdev says. What are your plans for the Universal Health Care building? "I intended to invest in tech startups in the late '90s, but I didn't find the market fit me because it was too speculative at the time," he said. Today, the 113,000-square-foot urban retail and office center is 97% committed, following a $15 million renovation and leases with Physicians Partners, Total Quality Logistics, American Social and others. It was a risky move to focus on leisure travel, but one we felt could be worth it, based on all our research, and it paid off, Govindaraju says. - Il y a un petit choc l'arrire, il sera rpar pour la vente Were being careful, and only working with very strong operators. For Tampa developer Santosh Govindaraju, film production and real Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. At the same time, the Tampa-based real estate equity firm burnished its reputation as a canny judge of attractive but underperforming properties throughout the bay area and as far away as Chicago, where it has a 200,000-square-foot suburban office building. French. Do you expect more investments in the Tampa Bay area? Its a tricky time, and the one thing is we know what we dont want to do, Sachdev says. Govindaraju, who spent three months studying the business at the University of California at Los Angeles famed film school, says he now spend roughly one quarter of his time on the media concern. Other previous investments include the 250-room Hyatt Regency Clearwater Beach Spa and Resort, which it purchased in 2013 and sold in 2016 for $120.5 million. 50.011. When the company bought the former Shops at Harbour Island, at 601 S. Harbour Island adjacent to the Westin Tampa Harbour Island hotel, in August 2014 for $7.5 million, it was just 25% occupied, by restaurant Jacksons Bistro. "We tend to follow where the opportunity is," managing director Nik Sachdev says. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Locate simply the city of Sax through the card, map and satellite image of the city. We want it to feed off the great urban location, to feed off what (Tampa Bay Lightning owner) Jeff Vinik is doing, to feed off the convention center. Convergent makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. In the past 18 months, we've turned more to where we're building a real estate portfolio with Class A assets. A University of Michigan graduate and a former banker, Sachdev, 35, started Convergent with partners Santosh Govindaraju, 38, who began his career trading fixed-income derivatives, and Paul Beraquit, the "on the ground" partner who handles the physical aspects of their real estate deals. Paul Erdman - Chief Exec.. - Convergent Capital Partners - ZoomInfo Convergent Capital Partners owns Knights Point , a. It's a beautiful location, but it needs a little cash, the property needs to be attended to. Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. Geographic Information regarding City of Sax. Get a quote for your financing plan in just a few clicks. Languages spoken: Convergent Capital Partners assumed a $9.8 million mortgage through Mercury Insurance for the property purchase. Tampa investors buy Mercury Insurance Building on Ulmerton, Knights Point on Harbour Island lands large office tenant, Convergent Capital buys former Universal Health Care building in downtown St Petersburg. The concept of Anand Vihar originated when two good friends envisioned creating a community where their parents could enjoy a vibrant, yet serene lifestyle in a close-knit community, while living in the best retirement city in the US. Santosh Govindaraju is a Founding Partner, Chief Executive Officer and Portfolio Manager at Convergent Capital Partners based in Tampa, Florida. site you are consenting to these choices. He has served as Chairman of the Board of Directors of the IndoUS Chamber of Commerce, and is past President of the Asian American Chamber of Commerce. The representative example is for a financing made on 05/01/2021 and a first maturity on 05/02/2021. Sax, Tarn, Occitanie, France - City, Town and Village of the world current Chief Executive Officer, Santosh Govindaraju, CBI websites generally use certain cookies to enable better interactions with. His wife and three sons are actively involved in the Indian community in Tampa. Santosh Govindaraju serves as Portfolio Manager and Chief Executive Officer. Convergent Capital Partners has 3 team members, including current Chief Executive Officer, Santosh Govindaraju. Mercury Insurance's office building at 1901 Ulmerton Road, Clearwater. What has not changed, in addition to its investment discipline, is Convergent Capitals desire to work with best-in-class operating partners to generate successful investments. The acquisition, which closed March 29, includes the eight-story, 157,379-square-foot office building as well as a five-story parking garage at 1901 Ulmerton Road. The economy is picking up, and it's still a sector of real estate that hasn't completely come back yet in these secondary markets like Tampa. He is an award-winning builder who has been involved with over 40 major real estate developments in Florida. He was recently honored for his medical services, and recognized as a top physician in Tampa Bay. Agent | Closed Until 06:30 In film, youre developing intellectual property, whereas in real estate, youre developing or investing in real property.. Santosh Govindaraju, Convergent Capital Partners LLC: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas,. One of our advantages is speed; it gives us a lot of advantage in this market. Our team has selected for you a list of hotel in Sax classified by value for money. Santosh is responsible for sourcing the acquisitions, defining exit strategies, negotiating workouts, and overseeing strategy. He is past President of the Asian American Chamber of Commerce. [Handout photo] By Times Staff Published. Convergent Media was formed to invest in and produce independent films, and to date, the nascent firm has two credits to list entitled Bernie the Dolphin and a murder mystery called The Night Clerk with Tye Sheridan and Helen Hunt with a third now in production. The borrower knows the asset best. Since founding the firm in September 2008 through 2014, Santosh has led the team in the acquisition of approximately $550 million in commercial real estate assets. Copyright 2023 CB Information Services, Inc. All rights reserved. Two Tampa tech startups get $1.5 million from angel investors His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. Eric Isenbergh Mr. Isenbergh brings a wealth of building experience to Anand Vihar. Mr. Govindaraju also serves on the Board of Directors of Stageworks and on the Board of Trustees of Academy at the Lakes. Weather forecast for the next coming days and current time of Sax. Head office : Parc de la Haute Borne - 61 avenue Halley - 59866 VILLENEUVE d'Ascq - SIREN 325 307 106 RCS LILLE METROPOLE. Letsgetstarted. Santosh Govindaraju, CEO of Convergent Capital Partners in Tampa Nola Laleye By Ashley Gurbal Kritzer - Real Estate Editor, Tampa Bay Business Journal Jul 27, 2018 In the back of his. Convergent Capital Partners is part of the Finance industry, and located in Florida, United States. He is part of the leadership of USF Medical School and multiple hospitals in Tampa Bay. Angel, Fund of Funds, Venture Capital), This describes the stage of investor this person is (e.g. CBI websites generally use certain cookies to enable better interactions with our sites and services. His wife and three sons are actively involved in the Indian community in Tampa. Mr. Govindaraju has been investing as a principal in commercial real estate since 1999. And we've never retreated on a deal. . Anand Vihar is the premier 55-plus community in the United States. We knew we were going to be in the market a long time, and the real estate developer who faces trouble eventually is going to be back we've already seen them come back. Were very selective about who we do deals with, but once we form a partnership, well follow them wherever they want to go, and always were investing on a risk vs. reward basis, Sachdev says. Tampa-based Convergent Capital Partners, a private real estate equity firm, has purchased Mercury Insurance Co-Floridas Clearwater office building in a $19.6 million deal. A votre disposition pour tout renseignement complmentaire, About the leak test : il sera fait pour la vente, il est fait chaque anne, Date of last vehicle safety inspection : 11/10/2022, Date of last service performed : 03/10/2022. Sax Phone number. Fill out this form to learn more: Wikicampers acts as a trusted third party. Its a question the principals at Convergent Capital Partners have been asking a lot of late, as commercial real estate values have soared and turnaround prospects have dimmed. Our Story | Anand Vihar Legal notices in Systems Engineering from the University's School of Engineering & Applied Science. Mr. Govindaraju began his career at Lehman Brothers in New York as a trader of fixed income derivatives, including various U.S. Dollar interest rate products such as swaps, caps and floors. Santosh Govindaraju, CEO of Convergent Capital Partners LLC of Tampa, is making a personal investment of $1.2 million into tech start-up Harness. Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. Convergent Capital Partners Location 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States Description Read More Industry Finance General Finance Santosh Govindaraju is the Portfolio Manager of Convergent Capital Partners LLC, a real estate private equity firm focused on opportunistic real estate investments primarily in Florida. His wife and two sons love living in Tampa and spending time with their parents, future residents of Anand Vihar. What does a company formed to buy and turn around distressed commercial real estate properties do when there are few such properties to be had? Convergent Capital Partners is a privately owned real estate private equity firm headquartered in Tampa, Florida led by Santosh Govindaraju as Chief Executive Officer. 30 years later in Tampa, USF friends make Hollywood dreams come true, How a gay bar made downtown Dunedins business culture bloom, No charges filed in the shooting death of 19-year-old University of Tampa student, You know what, guns actually do kill people | Letters, Seminole Heights serial killings case ends with guilty plea, 4 life sentences, Tampa voters pick Maniscalco for District 2 City Council, Top Tampa Bay area events for the week of April 24-30, Tampa Bay office buildings add perks, in part to attract millennials. We secure the sale between you and the seller. 81710 SAIX. Cables de charge (si vhicule lectrique) : Prsence de corrosion sur la carrosserie : Le vhicule procde un gps / camra de recul ajouts et laisss par le propritaire. Santosh Govindaraju - IMDb Location Driven | Business Observer Copyright 2023 Observer Media Group Inc., All Rights Reserved, Convergent Capital Partners, Liberty Group partner on Aloft project, Seizing on opportunities in Opportunity Zones, Convergent Capital Partners closes $40 million fund, Blackstone buys Westin hotel, Convergent Capital buys nearby Knights Point, Convergent Capital joins Park Square ownership, as required for Public Notices per F.S. Convergent is a pre-eminent and dominant player in Florida's real estate markets. Convergent Capital Partners has 1 fund, including CCP Fund I LLC. He looks forward to his parents moving to Tampa and joining the Anand Vihar community. You have a legal retraction period of 14 days from the signing of your contract. He is a physician and avid traveler, who enjoys spending time with his wife and their two children. Convergent Capital With over 150 years of combined experience in Florida real estate, Convergent is a pre-eminent an Read More Contact Who is Convergent Capital Partners Headquarters Make sure you are able to repay it before making a contractual commitment. Whether you're ready to experience nomadic travel for the first time or have already been won over by the joys of the open road, you've come to the right place! APR fixed at 4,96 %. Our mission is to create a close knit active adult community where you feel right at home from the first moment you arrive! He is actively involved in capital raising, acquisitions, and complex negotiations involving the firm's assets. - Idal pour une famille car fait pour 5 couchages Convergent Capital Partners is becoming a major player in Tampa Bay real estate Nik Sachdev, left, started Convergent Capital Partners with partners Paul Beraquit, center, and Santosh. Sax Localisation : Country France, Region Occitanie, Department Tarn.Available Information : Postal address, Phone number, Fax number, Website, Email address, Mayor, Geographical coordinates, Population, Altitude, Area, Weather and Hotel.Nearby cities and villages : Viviers-ls-Montagnes, Navs and Frjeville. Dimensions des pneumatiques conformes la monte d'origine : Prsence de fume anormalement importante l'chappement : Kilomtrage ou date du prochain entretien : Prsence d'-coups au passage des vitesses : Dfaut stipul en "portire arrire", ce sont des traces de goudron. The Universal Health Care building, we were able to buy 130,000 square feet in the heart of St. Petersburg for below replacement cost when St. Petersburg is growing phenomenally. Govindaraju says film investments can yield five- to 10-times the capital placed in them. Two Tampa technology startups will receive $1.5 million from angel investors in deals that the nonprofit startup incubator Tampa Bay WaVe helped shepherd by seeking capital from sources without a deep history in tech funding, the group said on Thursday. Since 2008, when the economy teetered dangerously close to collapse, Convergent has acquired more than $460 million worth of mortgages and real estate including hotels, gas stations, medical offices, luxury condos and even a golf course. Vente CHAUSSON WELCOME Sax, Occitanie (81) - Wikicampers Santosh is Chief Executive Officer of Convergent Capital Partners, a real estate private equity firm. Santosh Govindaraju - Tampa, Florida, United States - LinkedIn Why do you think Convergent has been successful so far? We use cookies to improve and personalize your browsing experience, analyze our traffic, and provide social networking features. It could be both office and retail, or it could be just office. Sachdev says Convergent Capital has invested in multifamily deals in markets like Portland and Sacramento, Calif., select-service hotels and is taking a hard look at senior housing opportunities nationwide. In late 2015, it was sold for $30 million. Thanks to our partner AutoViza, get it here in just one click. CEO, Convergent Capital Partners Santosh Govindaraju is at the helm of a company poised to make its mark on Tampa Bay's two urban centers. The investment group, which seeks value-add, opportunistic and specialty situation investments, has made numerous significant investments in the local market in acquiring office buildings, retail centers and apartments. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. Insurance intermediary registered with the ORIAS under the number 07023493. Its a very time-intensive business, but its also fun and rewarding, he says. 1115 Narmada Way, Wesley Chapel, FL 33543. We want to add a marina. Web Design by Katapult Marketing. Harness, a company founded by Miraj Patel and Andrew Scarborough, will receive $1.2 million from a group of investors led by Santosh Govindaraju, CEO of Convergent Capital Partners, a real estate private equity firm in Tampa with $250 million in assets. Santosh Govindaraju, Convergent Capitals CEO, says there are many similarities between the real estate business and filmmaking. Money Transfer Locations | Sax, Occitanie | Western Union . Santosh Govindaraju is the Chief Executive Officer and Founding Partner of Convergent Capital Partners. Krishna Nallamshetty and Seenu Sanka, long-time residents of Tampa Bay and local entrepreneurs, partnered with two of the leading real estate developers in Florida, Santosh Govindaraju, CEO of Convergent Capital Partners, and Eric Isenbergh, CEO of Oxford Homes, to turn their vision into a reality.. How has your investment strategy changed over the years? Convergent Capital Partners Company Profile | Management and Employees List His family relocated to Tampa in 2000. TAMPA For a couple of local tech startups, the money from investors is just as green, even if it is coming from nontraditional sources. Made in the Basque Country. Convergent Capital Partners Location 4600 W Cypress St Ste 120, Tampa, Florida, 33607, United States Description Industry Finance General Finance Discover more about Convergent Capital Partners Org Chart - Convergent Capital Partners Paul Erdman Since founding the firm in September 2008 through 2014, Santosh has led the team in the acquisition of approximately $550 million in commercial real estate assets. Santosh and his wife both volunteer as sevaks of the Tampa Chinmaya Mission. But with years of tourist gains statewide and a laser-like marketing campaign by state and regional officials, Clearwater Beach has become one of Floridas most widely-visited tourist destinations. Founded in 1999, Convergent Capital is an SBIC fund manager dedicated to being a valued resource to lower middle market companies with capital needs. m, Height : 3,00 Send Message. Santosh Govindaraju, Chief Executive Officer, Convergent Capital Partners 109 N. Brush Street, Suite 260 Tampa, Florida 33602 Phone: (813) 280-2000 Fax: (813) 200-2001 Web Accessibility For even more peace of mind, extended warranties will be available when you purchase. Use the CB Insights Platform to explore Convergent Capital Partners's full profile. Help Mr. Govindaraju was named the IndoUS Chamber of Commerce Businessman of the Year for 2002. This real estate private equity firm makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. We care about your new community, and look forward to creating this special place for you. Services may be provided by Western Union Financial Services, Inc. NMLS# 906983 and/or Western Union International Services, LLC NMLS# 906985, which are licensed as Money Transmitters by the New York State Department of Financial Services. Key Facts. With its recent purchase of Universal Health Care's former headquarters, Convergent Capital Partners instantly established itself as an important player in downtown St. Petersburg's torrid office market. Keith Bares Co-Founder, Investment Committee Member. Santosh Govindaraju - Fo.. - Convergent Capital Partners | ZoomInfo How about the 130,000-square-foot Knights Point center, home to Jackson's Bistro and once known as the Shops at Harbor Island? Join us at the Muma College of Business (BSN 225) on March 9th from 6:30-7:30 PM for an exciting presentation by Santosh Govindaraju, Founder and CEO of Convergent Capital Partners. Discover the benefits negotiated for you. . The dealer is mandated on a non-exclusive basis to assist in the execution of the credit agreement without acting as a lender, he has no power to grant or manage the credit. His other goal for Convergent Media is to be a part of, and win recognition at, celebrated annual film festivals such as ones in Cannes, France, or Toronto. Every time the market shifts, you have to shift, too. Money Transfer Locations | Sax, Occitanie | Western Union Discover the benefits negotiated for you. 147 Avenue De Lacaze-basse. "The idea was to buy as fast as we could," says Nik Sachdev, a Convergent Capital managing director. 4600 W. Cypress Street Suite 120 Tampa, Florida 33607 USA Email: santosh@convergentcap.com: Office Phone (813) 386-4906 Why did you start Convergent in 2008, a terrible time for most new companies? You can read more about your. Paragon, Mr. Govindaraju originated over $600 million in residential and commercial mortgage loans and repositioned / developed over $100 million of commercial real estate. Santosh Govindaraju - Real Estate Development and Redevelopment Santosh Govindaraju - TotalCommercial.com We really like Naples and Bonita Springs; it's a very strong kind of retirement community, and we like the demand drivers there. Dr. Sanka, a native of Philadelphia, has lived in Tampa for over 10 years. Wall Street Lessons Santosh Govindaraju, CEO; View Website. Total cost of loan: 15 786,80, including an application fee of 679,50. Convergent Capital joins Park Square ownership - Business Observer It was a townhouse of 40 units developed near USF (University of South Florida) in Tampa. GoogleMaps. Harness has developed an app allowing users to "round-up" credit or debit card purchases with the change automatically donated back to their favorite charity.