April 7, 2016
David Henry, former CEO of Kimco Realty Corp., has partnered with Alan Goldfarb’s Orangewood Partners to launch Peaceble Street Capital, based in Philadelphia. The company is investing in equity deals of up to $100 million, which are typically considered too small for the largest banks and Wall Street lenders.
Henry said the firm’s strategy is to stay under the radar of big players, by backing smaller projects and less-typical commercial projects such as mobile-home parks, nursing homes and parking garages. Peaceable’s target properties also include apartment and office buildings, self-storage facilities and hotels. The firm has already invested in two deals; an apartment building in San Antonio, TX, and a storage company.