Northstar Commercial Partners

Last updated
Northstar Commercial Partners
Company type Private company
Industry Real estate
Founded2000 (2000)
Founder Brian Watson
Headquarters,
Area served
United States
Key people
Brian Watson (CEO)
ProductsReal estate investments and development
Website www.northstarcommercialpartners.com

Northstar Commercial Partners is an American commercial real estate investment company headquartered in Denver, Colorado. Founded by Brian Watson in 2000, the company acquires distressed commercial real estate or vacant properties and rehabilitates them for lease or use. [1] [2]

Contents

History

Watson is a former manager and director at Cushman & Wakefield. [3] [1] In 2014, Northstar founded the Education Opportunity Fund, a $100 million real estate investment fund for identifying and restoring old retail or education buildings, which are then leased to charter schools. [4] In addition, Northstar restores and leases other types of properties, such as warehouses, manufacturing centers, commercial offices, retail space, and senior care and medical facilities. [2] [5] In 2015, the firm launched Northstar Real Estate Opportunity Fund II, a $300 million private equity fund focused on institutional and private qualified or accredited investors.[ citation needed ]

In 2020 there were multiple allegations of financial wrong-doing and fraud against Brian Watson. In a bizarre set of events, Mr. Watson sent out a suicide note via email to a group of 20 people. In a multi-page ramble he addressed the allegations and individually addressed many people. He contemplated the weapon with which he will use for his final act. Seems like it was all a fabrication just like his real estate holdings. At this point, the website of his company is minimally operational and the state of his company is not known.

Acquisitions

Northstar's current portfolio includes 42 assets totaling approximately 8 million square feet in 15 states and a potential market value of approximately $1.2 Billion.

See also

Related Research Articles

<span class="mw-page-title-main">Brookfield Properties</span> Commercial real estate company in North America

Brookfield Properties is a North American subsidiary of commercial real estate company Brookfield Property Partners, which itself is a subsidiary of alternative asset management company Brookfield Asset Management. It is responsible for the asset management of the company's real estate portfolio. Brookfield Properties acquired General Growth Properties, one of the largest mall operators in the U.S., and merged it into Brookfield Properties in 2018.

David Lichtenstein is an American billionaire, entrepreneur, and real estate investor. He is the founder and CEO of The Lightstone Group, which he founded in 1988.

<span class="mw-page-title-main">Apollo Global Management</span> American private equity company

Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. As of 2022, the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion invested in real assets, which includes real estate and infrastructure. The company invests money on behalf of pension funds, financial endowments, and sovereign wealth funds, as well as other institutional and individual investors.

Private equity real estate is a term used in investment finance to refer to a specific subset of the real estate investment asset class. Private equity real estate refers to one of the four quadrants of the real estate capital markets, which include private equity, private debt, public equity and public debt.

<span class="mw-page-title-main">JLL (company)</span> Real estate consultancy firm

Jones Lang LaSalle Incorporated (JLL) is a global real estate services company, founded in the United Kingdom with offices in 80 countries. The company also provides investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals, as well as technology products through JLL Technologies, and VC investments via its PropTech fund, JLL Spark. The company is ranked 193 on the Fortune 500.

Thor Equities is a real estate development, leasing and management firm, with headquarters in New York City, London and Mexico City. Thor Equities owns property in the United States, Canada, Europe, Russia, India and Latin America, including London's historic Burlington Arcade and the Palmer House Hilton. In New York City, Thor owns retail, office and residential properties on Fifth Avenue and Madison Avenue as well as in SoHo, Flatiron, the Meatpacking District, and Brooklyn including Coney Island. Thor also has investments in major U.S. cities including San Francisco's Union Square; Georgetown in Washington, D.C.; Robertson Boulevard in West Hollywood; Collins Avenue; Lincoln Road; Wynwood and the Design District in Miami. Thor offers investment vehicles for institutional investors through its Thor Urban Property Funds. Thor Equities also has several subsidiary companies including retail advisory and tenant representation firm Thor Retail Advisors.

Newmark Group Inc. is a commercial real estate advisory and services firm headquartered in New York City. It operates as Newmark, and is listed on the NASDAQ Global Select Market under the symbol "NMRK".

The Lightstone Group is a privately held real estate investment company which owns and operates a diversified portfolio of multifamily, office, industrial, hotel, and retail properties. Lightstone has invested directly in individual real estate assets and in real estate operating companies. The company was founded by David Lichtenstein in 1988.

<span class="mw-page-title-main">Starwood Capital Group</span> American private equity and investment firm

Starwood Capital Group is an investment firm headquartered in Miami Beach, Florida. It is managed by Barry Sternlicht. It was co-founded by Sternlicht and Robert Faith in 1991. In 1993, Faith left Starwood to found Greystar Real Estate Partners.

<span class="mw-page-title-main">Crow Holdings</span> American asset management company

Crow Holdings is a privately owned real estate investment and development firm based in Dallas, Texas, US, which has been operating since 1948. Originally founded by Trammell Crow, the firm was expanded under the direction of his son, Harlan Crow, chairman and former CEO. As of 2018, the company employed 450 people through its operating businesses in locations throughout the US. As of 2020, Crow Holdings managed $19.6 billion.

Liquid Realty Partners was a private equity real estate firm that invested indirectly in commercial property by acquiring interests in existing real estate funds, partnerships, joint ventures, separate accounts, unit trusts and other private investment vehicles in the private equity secondary market.

<span class="mw-page-title-main">CrossHarbor Capital Partners</span> American investment firm, specializing in private equity

CrossHarbor Capital Partners is an American investment firm, specializing in private equity, based in Boston. CrossHarbor Capital Partners develops and manages private equity investment products in three principal business areas: real assets, distressed securities and mezzanine capital. CrossHarbor has assets under management of $5.5 billion diversified over a half dozen distinct funds. Its client base includes college endowments, state and large organization pension funds and high-net-worth individuals seeking lower fee, high potential opportunities to offset more traditional market investments.

<span class="mw-page-title-main">Prologis</span> American real estate company

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. As of December 2022, the company owned 5,495 buildings comprising about 1.2 billion square feet in 19 countries across North America, Latin America, Europe, and Asia. According to The Economist, its business strategy is focused on warehouses that are located close to huge urban areas where land is scarce. It serves about 6,600 tenants. Prologis began to expand its non-real estate business, Essentials, in 2022, offering customers solar power, racking systems, forklifts, generators, EV charging infrastructure, and other logistics tech equipment for purchase.

<span class="mw-page-title-main">CNL Financial Group</span> Private investment management company

CNL Financial Group (CNL), formerly Commercial Net Lease, is an Orlando, Florida based private investment management and commercial real estate company. It was started in 1973 by James Seneff. The company has been a major player in efforts to redevelop Orlando's downtown. The original CNA tower was downtown Orlando's first modern skyscraper when it was completed in 1971. A new CNL Tower was constructed on the east side of Orange Avenue.

Lloyd Goldman is a New York real estate developer and founder of BLDG Management.

Fundrise is a Washington, D.C.-based financial technology company founded in 2010 that operates an online investment platform. Fundrise has been labeled as the first company to successfully crowdfund investment into the real estate market.

RAIT Financial Trust is a real estate investment trust owned by Fortress Investment Group that manages commercial real estate loans and properties. It is headquartered at 130 West 42nd Street, New York City.

Brookfield Property Partners L.P. is a global commercial real estate firm that is a publicly traded limited partnership and a subsidiary of Brookfield Asset Management, an alternative asset management company. Its portfolio includes properties in the office, multi-family residential, retail, hospitality, and logistics industries throughout North America, Europe, and Australia. Its subsidiary Brookfield Properties is responsible for the management of these facilities.

<span class="mw-page-title-main">Brian Watson</span>

Brian Watson is an American entrepreneur, author, politician, and Forbes Real Estate Council Member and published contributor. He has worked as a commercial real estate owner and is the founder and CEO of Northstar Commercial Partners. Watson won the 2018 Republican primary for Colorado State Treasurer, beating two other candidates, and lost to Democrat Dave Young in the general election in November 2018.

<span class="mw-page-title-main">Fifth Wall (firm)</span>

Fifth Wall is a venture capital firm founded in 2016 by Brendan F. Wallace and Brad Greiwe. It manages the largest fund specialized in real estate technology The firm's name refers to a fifth wall of technology it provides in addition to the four physical walls of a building. It is part of an emerging category of "PropTech" investors. Major financial backers include large real estate industry companies that agree to be matched with the products and services of the firm's portfolio of start-up companies. The firm has separate funds for investments in emerging retail brands and climate technology to help real-estate companies reduce carbon emissions from their buildings.

References

  1. 1 2 "Investors Take Shine to Charters". The Wall Street Journal . 14 October 2015.
  2. 1 2 "Charter-School Movement Grows—for Real-Estate Investors". The Wall Street Journal .
  3. "Moshe Silagi Sells 24-Property Portfolio For $224 Million". The Wall Street Journal .
  4. "Northstar Commercial launches $100 million education fund". Denver Business Journal. 21 October 2014.
  5. Perlman, Matthew (August 4, 2015). "Northstar Commercial Launches $300M PE Real Estate Fund". Law360.