December 10, 2020
Berkadia arranged a strategic partnership between New York-based Monday Properties and Denver-based private equity firm, FrontRange Capital Partners LLC. Berkadia’s Joint Venture Equity and Structured Capital Group, led by Chinmay Bhatt, Noam Franklin and Cody Kirkpatrick, arranged a $50 million growth capital investment from FrontRange.
Monday Properties’ Adam Carr says, “The infusion of capital through this new partnership with FrontRange positions our venture to execute on deals efficiently as opportunities present themselves.”
The partnership is the latest in a series of moves by Monday Properties to accelerate growth in the company’s current core markets, while also fueling investments in high-quality projects in emerging submarkets.
FrontRange’s David Robertson added, “Our partnership was facilitated by our shared view of the significant growth potential that exists in Monday’s target markets, and the management team’s proven ability to identify and execute on compelling acquisition and development opportunities.”
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Tags: Acquisition, Office
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