We bought it when it was very, very distressed, and put a lot of resources and money into it, and now it's a thriving apartment community that was 15 percent occupied when we bought it. Angel, Fund of Funds, Venture Capital), Number of Investments the Individual has participated in, Total number of current Jobs the person has. At the beginning we were buying a lot of distressed notes and mortgages on big real estate projects hotels, apartment buildings, completed townhome projects, office projects where the borrowers were just too overleveraged. In the past 18 months, we've turned more to where we're building a real estate portfolio with Class A assets. His responsibilities include negotiating acquisitions, overseeing all investment activities, financial affairs, and forging partnerships with other firms in the industry. Focusing on development and the turnaround of commercial real estate projects, Santosh has applied his creative vision in the investment of over $1 billion of both equity and debt in commercial real estate throughout the United States. The complete history of this vehicle is available online. Then we bought a large apartment complex of over 150 units in the USF area, the St. Moritz. This real estate private equity firm makes direct equity, joint venture equity, and debt investments for recapitalization of debt, value-add transactions, and real estate development. 2023 INDO-US Chamber of Commerce Tampa, Florida, All rights reserved. Mr. Govindaraju began his career at Lehman Brothers in New York as a trader of fixed income derivatives, including various U.S. Dollar interest rate products such as swaps, caps and floors. Between 2008 to the end of 2012, we invested heavily in notes and mortgages, but now the market has shifted, there's not a lot of distressed notes and mortgages. Below is a list of activities and point of interest in Sax and its surroundings. Investment | Liberty Group We care about your new community, and look forward to creating this special place for you. Make sure you are able to repay it before making a contractual commitment. His wife and three sons are actively involved in the Indian community in Tampa. We consider it an irreplaceable asset in an irreplaceable location, Sachdev says. Part of the Tampa-based companys shift has involved preferred equity lending, from a roughly $50 million unleveraged fund it closed in August 2017. As a private equity investor with extensive experience in real estate development and redevelopment, Santosh will provide valuable . "I intended to invest in tech startups in the late '90s, but I didn't find the market fit me because it was too speculative at the time," he said. Mr. Govindaraju also serves on the Board of Directors of Stageworks and on the Board of Trustees of Academy at the Lakes. The concept of Anand Vihar originated when two good friends envisioned creating a community where their parents could enjoy a vibrant, yet serene lifestyle in a close-knit community, while living in the best retirement city in the US. Submitters are 7x more likely to receive a qualified connection. Minneapolis, MN / Newport Beach, CA But with years of tourist gains statewide and a laser-like marketing campaign by state and regional officials, Clearwater Beach has become one of Floridas most widely-visited tourist destinations.