Deal Details
Base Equities Receives Strategic Investment from Alex. Brown Realty
Summary
Base Equities has announced a strategic joint venture partnership with Alex. Brown Realty (ABR). ABR Chesapeake Fund VI, a value-added real estate fund sponsored by ABR, has committed $26 million to Base Equities’ strategy, which is focused on providing small-balance ($1-5 million) preferred equity for commercial real estate investments, with an emphasis on value-add multifamily transactions in the $5-30 million range. Base Preferred Equity Fund I is continuing to raise capital and is on track to achieve its target of $50 million in commitments dedicated to the strategy.
Baird served as financial advisor to Base Equities on this transaction.
About
Base Equities is an investment manager specializing in providing preferred equity to established sponsors in commercial real estate assets across the United States. Base Equities is headquartered in Los Angeles, California.Alex. Brown Realty is an independent real estate investment manager specializing in value-add, opportunistic, and core-plus investments in the middle market. ABR was founded in 1972 by the partners of Alex. Brown & Sons, an investment bank organized in 1800. Since the inception of the firm, ABR has acquired over $4 billion of assets, representing over 400 transactions. ABR has sponsored five real estate funds and is currently marketing its sixth fund. ABR is an SEC-registered investment advisor. ABR is headquartered in Baltimore, Maryland.
CONTACT US TO LEARN MORE
- Date
- January 2022
- Company
- Base Equities
- Transaction
- M&A - Sellside
- Sectors
- Real Estate
- Verticals
-
Real Estate
- Target Geography
- North America
- Acquiror Geography
- North America
Share
