Commercial real estate finance firm Valencia Realty Capital will move its headquarters to Sarasota from Boston.
“Our presence in Florida puts us closer to a number of key stakeholders and opportunities,” Stephen Smeke, managing director of Valencia, said in a prepared statement.
The firm’s Boston office will remain open while Valencia relocates its headquarters to a new office in Sarasota.
Valencia, which began operations nearly five years ago in Boston, helps real estate investors and developers borrow money to acquire, develop or refinance commercial properties. Three principals run the firm: Smeke, Asian markets director Donald Choi and director of transactions Alex Riccio. – Mike Seemuth