Case Study

ECI Group, Inc. has completed a financing with AREA Property Partners

ECI Group, Inc. (ECI) has completed a recapitalization with AREA Property Partners. This strategic transaction allows ECI to recapitalize maturing debt and provides liquidity to fund future acquisitions in partnership with AREA

ECI is one of the nation’s premier real estate firms specializing in the development and management of a wide range of properties, from class A luxury communities to commercial mixed-use developments, primarily located in the southern United States.

AREA Property Partners, formerly known as Apollo Real Estate Advisors, is a leading international real estate investor and fund manager on behalf of prominent government and corporate pension funds, sovereign wealth funds, insurance companies, foundations, endowments, and high net worth individuals. Since the firm’s founding in 1993, AREA Property Partners has overseen the establishment of multiple real estate funds and joint ventures totaling US$13 billion in equity commitments for investments in the United States, Europe and Asia. Its funds have collectively invested in over 500 transactions with an aggregated value in excess of US$60 billion. Headquartered in New York, the firm has offices in Atlanta, Los Angeles, San Francisco (USA), London (UK), Paris (France) Luxembourg and Mumbai (India). AREA’s funds target a broad range of opportunistic, value-added and debt investments in real estate assets and portfolios throughout North America, Europe, and India.

One of Oaklins' teams in the USA acted as financial advisor to the seller in connection with the consolidation and financing of ten multifamily properties. The team arranged US$52 million of preferred equity financing for ECI from AREA Property Partners in a transaction with an aggregate value of US$208 million.

Tombstone image for ECI Group, Inc.  has completed a financing with AREA Property Partners

KEY DEAL CONTACTS

Robert C. Grien

United States

Managing Director

VIEW PROFILE