Key Takeaways
- • LIG Assets entered into a strategic alliance with Texas Real Estate Hedge Fund to jointly invest, acquire, manage, and finance commercial real estate properties across the Southwest, West, and Midwest regions of the United States.
- • Texas Real Estate Hedge Fund will target commercial real estate opportunities valued between USD 5 million and USD 100 million, including multifamily, retail, destination hotel, and office properties.
- • The partnership leverages expertise from MMR Realty Advisors and Inter Continental Real Partners for selective asset analysis and underwriting, with a focus on off-market acquisitions available on a negotiated basis.
- • LIG Assets CEO Jeff Love characterized the alliance as "a milestone achievement," signaling confidence that the partnership would generate "handsome returns" for shareholders.
- • The partnership aligns with LIG Assets' August 2012 announcement of plans to expand its portfolio significantly and potentially establish a real estate investment trust with quarterly cash dividend distributions to shareholders.
Summary
LIG Assets has formalized a strategic alliance with Texas Real Estate Hedge Fund to co-invest in and manage commercial real estate assets across key U.S. markets. The partnership targets geographically desirable properties in the Southwest, West, and Midwest regions, focusing on acquisition and financing opportunities in the commercial real estate sector.
The collaboration will concentrate on commercial real estate deals ranging from USD 5 million to USD 100 million in valuation. The portfolio will encompass diverse asset classes including multifamily residential, retail, destination hotels, and office properties. The partnership brings together the combined expertise of LIG Assets and Texas Real Estate Hedge Fund, supplemented by advisory support from MMR Realty Advisors and Inter Continental Real Partners, to identify, underwrite, and acquire selective commercial real estate positions. The alliance has been structured to capitalize on off-market opportunities and negotiated acquisitions that may not be available through standard market channels.
This partnership follows LIG Assets' August 2012 announcement of an aggressive expansion strategy to acquire income-producing properties at a significantly larger scale. LIG Assets indicated at that time that a successful execution of its portfolio expansion could warrant the establishment and spin-off of a real estate investment trust to shareholders, with the potential for quarterly cash dividends. Jeff Love, LIG Assets' chief executive, emphasized the strategic significance of the Texas Real Estate Hedge Fund alliance, positioning it as a key milestone for delivering shareholder value.
The collaboration will concentrate on commercial real estate deals ranging from USD 5 million to USD 100 million in valuation. The portfolio will encompass diverse asset classes including multifamily residential, retail, destination hotels, and office properties. The partnership brings together the combined expertise of LIG Assets and Texas Real Estate Hedge Fund, supplemented by advisory support from MMR Realty Advisors and Inter Continental Real Partners, to identify, underwrite, and acquire selective commercial real estate positions. The alliance has been structured to capitalize on off-market opportunities and negotiated acquisitions that may not be available through standard market channels.
This partnership follows LIG Assets' August 2012 announcement of an aggressive expansion strategy to acquire income-producing properties at a significantly larger scale. LIG Assets indicated at that time that a successful execution of its portfolio expansion could warrant the establishment and spin-off of a real estate investment trust to shareholders, with the potential for quarterly cash dividends. Jeff Love, LIG Assets' chief executive, emphasized the strategic significance of the Texas Real Estate Hedge Fund alliance, positioning it as a key milestone for delivering shareholder value.
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