Northstar Commercial Partners

Last updated
Northstar Commercial Partners
TypePrivate
Industry Real estate
Founded2000 (2000)
Founder Brian Watson
Headquarters,
USA
Area served
Nationwide
Key people
Brian Watson (CEO)
Website 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

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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.