Eastern Equity Advisors Leads Industry with over $150 Million of Private Equity Fund & Single Source Equity Raised
Eastern Equity Advisors — an affiliate of Eastern Union Funding, one of the nation’s largest commercial mortgage companies — recently exceeded over $150 million in successful equity assignments with private equity funds, family offices and other single source equity relationships. The middle market transactions include multi-family, retail and other CRE asset classes located throughout the United States. Eastern Equity Advisors arranged for up to 90% of the required equity to close the recent deals.
Eastern Equity Advisors focuses exclusively on middle market real estate deals and is headed by Marc Belsky, a 20-year industry veteran. Mr. Belsky is a closer whose previous experience includes 15-years on the principal side, executing over $3 billion of transactions and coordinating multiple joint ventures. Marc provides his clients with a unique “owner’s perspective”, adding value to each transaction on which he advises.
Mr. Belsky and his team at Eastern Equity Advisors have meaningful relationships with over 350 equity sources; including family offices, private equity firms and institutional funds. Their specialty and sweet spot is assembling equity checks hyper-focused in size from $5 million to $40 million. Eastern Equity Advisors collaborate with quality sponsors who are capable of attracting institutional investors, as well as have platforms that can service the requirements of private equity and family office investors. Recent successes include and are not limited to the following transactions.
- $12 million for a multi-family acquisition in New York City
- $5 million for a multi-family acquisition in Phoenix, AZ
- $11 million for a multi-family acquisition in Maryland
- $3 million for a retail shopping center in Waterbury, CT
- $8 million for a multi-family acquisition in San Antonio, TX
- $4 million for a self-storage facility in Arizona
- $8.4 million for a multi-family portfolio in the Southeast
The focus on middle market deals is by design. Real estate assets valued at $50 million and under represent approximately 90% of all commercial real estate assets in the United States. According to PwC’s report — Real Estate 2020: Building the Future by 2020 — investable real estate will have grown by more than 55% compared with 2012.
The continued demand in equity assignments can be partially attributed to the onset of rising mortgage rates, currently at a four-year high, with expected increases before year-end. Patti Domm, CNBC Market Insider said, “The benchmark 10-year Treasury yield is likely to go higher, taking interest rates on mortgages and a whole range of business and consumer loans higher with it.”
Mr. Belsky said, “The rising rates will largely affect refinances, as well as the acquisition process to purchase CRE with debt.” He continued, “While the attraction of debt is currently marginalized, the opportunity for additional equity to close has increased.”
Eastern Equity Advisors is uniquely positioned to continue to lead the middle market industry with equity due to their commitment to partnerships, employees, and technology. They have an extensive network of strategic LP investor partnerships, a robust back-office infrastructure to shepherd every deal from origination through closing and the technology to streamline the process and quickly close. For more information about Eastern Equity Advisors or to learn how Mr. Belsky and his team can arrange equity for your deal, please visit easterneq.com.