Convergent Capital Partners focuses on what's next

After years of turning around distressed real estate, Tampa-based private equity firm has found a new way to invest

  • By Kevin McQuaid
  • | 6:00 a.m. March 22, 2019
  • | 0 Free Articles Remaining!
MARK WEMPLE — Convergent Capital Partners' Managing Director Nik Sachdev says the company is gravitating toward preferred equity, rather than direct deals, in real estate.
MARK WEMPLE — Convergent Capital Partners' Managing Director Nik Sachdev says the company is gravitating toward preferred equity, rather than direct deals, in real estate.
  • Commercial Real Estate
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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?

It’s 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.

 

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