Finesa received the Mid-Atlantic Real Estate Private Equity Firm of the Year Award.
ROCKVILLE, Md., Oct. 15, 2013 /PRNewswire/ — Finesa Real Estate Group (Finesa) is pleased to receive the Mid-Atlantic Real Estate Private Equity Firm of the Year award by the 2013 International Fund Awards.
This award presented by Acquisition International Magazine honored Finesa for the outstanding performance of its Diversified International Partners (DIP) Fund. DIP is a $200 million real estate private equity fund developed for Latin American institutional and qualified high net worth investors. Launched in 2012 and sponsored by Finesa, DIP seeks investment opportunities in the best markets across the US with a focus on multi-family, retail, office and industrial/flex properties.
"We're pleased to accept this award as one more testament of our value to the industry," said President, Andres Gonzalez. "Our extensive in-house efforts and capabilities continue to help deliver strong results to our investors, residents and associates."
To launch the fund, Finesa secured commitments from some of the most prominent pension fund and endowment managers in Latin America. Finesa exceeded its initial funding target of $50 million by over 40 percent, securing commitments in excess of $71 million. Additionally, capital raising efforts have continued to be successful and the fund has made investments in various target markets across the US.
Votes were compiled from individuals who operate, advise and invest in Private Equity, Venture Capital, Infrastructure and Real Estate and the subscribers of Acquisition International Magazine.
FINESA REAL ESTATE GROUP
Finesa Real Estate Group ("Finesa") is a real estate private equity firm and operating company founded in 2002 and headquartered in the Washington DC metropolitan area. Finesa specializes in the acquisition, redevelopment and management of commercial assets. Historically, the firm has operated along the East Coast and Mid-West regions of the United States, with a focus on multifamily and retail properties.
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Candace Stine
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