Finesa received the Private Equity Firm of the Year Award.
ROCKVILLE, Md., Oct. 10, 2013 /PRNewswire/ — Finesa Real Estate Group (Finesa) is pleased to receive the award for the US Private Equity Firm of the Year in Real Estate by the ACQ (Acquisition Finance) Global Awards.
ACQ Magazine annually recognizes the achievements of those who respond successfully to the demands in the post-recession business environment through the ACQ Global Awards. Each award is based on achievement, innovation, exemplary teams and distinguished firms by the readers of ACQ Magazine. These awards are the only industry honors given solely based on voter participation.
Finesa has distinguished their company from others in the industry by successfully acquiring, redeveloping and managing various commercial assets.
"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, capabilities and experience continue to drive results for our investors, residents and associates."
In May 2012, Finesa sponsored the Diversified International Partners (DIP) fund. The $200 million real estate private equity fund was developed for Latin American institutional and qualified high net worth investors. The strategy of the fund is to seek investments in the best markets across the US with a focus on multi-family, retail, office and industrial/flex properties.
To launch the fund, Finesa successfully 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.
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.
Media Contact:
Susan Prince
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