SAN DIEGO, CA, July 13, 2012 (Press-News.org) Pathfinder Partners, LLC, a San Diego-based company that invests in distressed real estate and defaulted loans, has closed Pathfinder Partners Opportunity Fund III, L.P., the firm's third fund focused on acquiring real estate assets in major markets throughout the western United States.
According to Mitch Siegler, senior managing director and co-founder of Pathfinder, the $57.5 million fund, which held its initial closing in May, 2011, had its final closing in May, 2012. "We have already deployed the majority of the Fund capital - concluding 17 portfolio investments - and are in the initial planning stages for Pathfinder Partners Opportunity Fund IV, L.P.," Siegler said. With an emphasis on multifamily investments, the portfolio has several properties in each of southern California, Seattle, Phoenix and Denver, as well as in other major markets in the western U.S. Among the Fund's recent investments are Wellshire Arms, a 107-unit apartment complex in Denver, Colorado, Dorsey Place, a 90-unit condominium project in Tempe, Arizona, and the senior mortgage on The Sanctuary, a 100-year-old church in Seattle, Washington, that was converted into a 12-unit, luxury townhome project.
"Focusing on smaller properties that are below the radar of large institutional investors, Pathfinder has acquired about $500 million of distressed notes and properties since its inception in 2006," Siegler said. "Pathfinder Partners Opportunity Fund III, L.P. builds on the company's strong closing track record with lenders and solid reputation among referral sources. Our deal flow is exceptionally strong and we anticipate deploying the balance of Fund III's capital by the fourth quarter of 2012."
About Pathfinder Partners
Headquartered in San Diego, Pathfinder Partners was founded by Lorne Polger and Mitch Siegler in 2006 to make opportunistic investments in distressed real estate assets and defaulted loans, with a focus on multifamily real estate projects. In addition to seeking opportunities to add value by providing liquidity to selling financial institutions, Pathfinder also seeks to maximize value through property enhancements, improvements in operations, marketing and property positioning and other strategies. For more information, visit http://www.pathfinderfunds.com or contact Mitch Siegler at 858-625-5286.
MEDIA CONTACT: Sydnie Moore (619) 823-8448 moore2com@gmail.com
Pathfinder Partners, LLC Closes Pathfinder Partners Opportunity Fund III, L.P.
$57.5 Million Fund is Firm's Third Focusing on Acquiring Distressed Loans and Properties from Financial Institutions
2012-07-13
ELSE PRESS RELEASES FROM THIS DATE:
Financial Steps to Take When Considering Divorce
2012-07-13
Divorce can be complicated and difficult for all involved. Among other things, when considering divorce, spouses may have many concerns about family and financial stability. Early action can help address these concerns. Consider taking the following steps to allay fears about your financial future as a newly single individual.
Ascertain Assets and Debts
When couples divorce, they divide not only their assets, but also their debts. Spouses considering divorce must ascertain their debts, such as mortgages, car loans and credit card debt. It is also important to identify ...
Wynn Resorts Embattled in Lawsuit With Former Shareholder
2012-07-13
Wynn Resorts, Ltd. and its once-largest stockholder are involved in an ongoing lawsuit over shares which Wynn forcibly redeemed earlier this year. Stephen Wynn and Japanese gambling magnate Kazura Okada, once close friends and colleagues, are each attempting to gain control of Okada's former 20 percent share. The dispute arose when Okada became involved in a casino deal in the Philippines. Wynn felt this would compete with his Macau casinos and refused to participate in the development.
Wynn owns the Bellagio and Mirage Casino and Resort Hotels, while Okada made his ...
Connecticut Supreme Court Clarifies Law on "Adverse" Members of an LLC
2012-07-13
Connecticut Supreme Court Clarifies Law on "Adverse" Members of an LLC
Operating agreements for limited liability companies can be complicated legal documents that involve multiple ownership groups and correspondingly complicated interactions between them. This can complicate matters in many ways, especially when deciding whether to file a lawsuit on behalf of the LLC. For example, an LLC can have multiple owners, and an owner may have an interest in multiple LLCs. Another example is if one owner has a relative involved with another corporation doing business ...
Texting While Driving: A Dangerous Combination
2012-07-13
Almost everyone has done it, been in a car with someone doing it, or seen other drivers doing it. Texting behind the wheel is nothing new, but recent studies are showing exactly how dangerous it can be. Injuries, vehicle damage and even death can result from car accidents caused by texting or using an electronic device while driving.
Men, Teenagers More Likely to Text and Drive
Recent data points to two groups that may be more likely to use cellphones while driving.
A recent Connecticut study analyzed ticket data and found that men receive more tickets than women ...
SUV Crash Involving Speeding and Alcohol Results in Two Deaths on I-44
2012-07-13
Just before 3:00 a.m. late last year, two passengers in an SUV lost their lives after the driver lost control and the SUV rolled over on the highway. The driver managed to crawl out of the vehicle before a tractor-trailer truck smashed into it, but was himself struck by a car as he was leaving the area. The driver and another passenger survived with critical injuries, but the two teens struck by the tractor-trailer lost their lives.
Authorities determined that the SUV was traveling at 82 mph at the time of the crash, at minimum, and that the drivers of the car and truck ...
Missouri Legislator Proposes Making All Forms of Distracted Driving Illegal
2012-07-13
The dangers of distracted driving have prompted the majority of states to enact legislation that bans texting while driving -- one of the most dangerous forms of distracted driving, as it takes a driver's hands off the wheel, eyes off the road and mind off of driving. According to the National Highway Traffic Safety Administration, a driver who texts while behind the wheel is 23 times more likely to get into a car crash than an attentive driver. In Missouri, however, one legislator wants to reduce all forms of distracted driving by increasing the number of acts that would ...
American Residential Services Launches Senior Care Program
2012-07-13
When a customer contacts ARS for maintenance, repair or replacement services, the customer is greeted with a live representative who asks a series of questions to qualify the customer for any eligible discounts. Effective immediately, if a senior discount is applicable, the representative will notify the ARS technician of such prior to the on-site appointment. Once an ARS technician is at the customer's residence, a service estimate with options is provided to the customer and the technician will then direct the customer to call into a recorded system that will guide the ...
Vintage Coventry Employee Named Champion by National Senior Living Organization
2012-07-13
Vintage Coventry of Vintage Senior Living, a family of vibrant retirement communities, today announced that employee Michael Gedam has been named an ALFA Champion by the Assisted Living Federation of America, a national organization serving the senior living field. Gedam was recognized for outstanding service to residents and an unwavering commitment to supporting quality of life for seniors and their families.
"Recognition as an ALFA Champion is a special honor and we are grateful that Michael has been part of the Vintage Coventry family for more than seven years," ...
Baltimore Summer Antiques Show's 32nd Anniversary Year to Feature All-Star Lecture Series Line-Up
2012-07-13
Art, jewelry and antique aficionados will not only get to see some of the world's most extraordinary collections from more than 575 international dealers, but they'll also have the opportunity to attend lectures presented by a stellar lineup of knowledgeable and respected speakers as part of the 2012 lecture series at the 32nd Annual Baltimore Summer Antiques Show, August 23-26, at the Baltimore Convention Center.
Free and open to the public, the lectures will be headlined by industry experts such as Robert Mintz, Chief Curator and the Mr. and Mrs. Thomas Quincy Scott ...
K5 Learning Wins 2012 Creative Child Magazine Top Award
2012-07-13
K5 Learning, an online reading and math program for kindergarten to grade 5, has been awarded the 2012 Creative Child Magazine Award for Media of the Year in the Online Educational Media/Website category.
The Creative Child Magazine awards stand out from other industry awards in that all products submitted are reviewed by moms and educators at a two-day event attended by more than 100 guest reviewers. In order to be considered for review, these products have to stand out as nurturing a child's creativity.
"We value awards that take the review process as seriously ...
LAST 30 PRESS RELEASES:
From bowling balls to hip joints: Chemists create recyclable alternative to durable plastics
Promoting cacao production without sacrificing biodiversity
New £2 million project to save UK from food shortages
SCAI mourns Frank J. Hildner, MD, FSCAI: A founder and leader
New diagnostic tool will help LIGO hunt gravitational waves
Social entrepreneurs honored for lifesaving innovations
Aspects of marriage counseling may hold the key to depolarizing, unifying the country, study finds
With $2 million in new funding, Montana State research lab continues explorations into viruses and honeybee health
Scientists chip away at potato storage problems
Research update: Generating electricity from tacky tape
People’s acceptance of AI judgements on moral decisions: A study on justified defection
Wildfire smoke can carry toxins hundreds of kilometers, depositing grime on urban structures, surfaces: research
New study highlights AI’s potential to help doctors detect congenital heart defects
Your fridge uses tech from the 50’s, but scientists have an update
Archaeology: Ancient Greek and Roman cultures caused lead pollution in Aegean Sea region
Lead contamination in ancient Greece points to societal change
Antidepressant use before, during, and after pregnancy
Risk factors for and health status of socially isolated adults
Community racial and ethnic representation among physicians in US internal medicine residency programs
Salt and nutritional content of foods advertised during televised professional football games
KTU researcher on energy revolution: sustainability is still a work in process
Urgent action needed to keep Europe polio-free, warn heads of ECDC and WHO Europe
A new therapeutic target for a lethal form of heart failure: ALPK2
Optimism can boost saving, especially for lower-income individuals
Findings may lead to blood test to predict risk of postpartum depression
New insights on radical trapping in 12-phosphatetraphene uncovered
Grossman wins 2025 Transatlantic Alliance Award in Endocrinology
Girish N. Nadkarni, MD, MPH, CPH, named to leadership roles in AI and Digital Health at the Icahn School of Medicine at Mount Sinai
A hearing aid for … your nose?
Borrowing nature’s blueprint: How scientists replicated bone marrow
[Press-News.org] Pathfinder Partners, LLC Closes Pathfinder Partners Opportunity Fund III, L.P.$57.5 Million Fund is Firm's Third Focusing on Acquiring Distressed Loans and Properties from Financial Institutions