Notwithstanding the capital markets malaise, Carlton continues to dominate the advisory capital markets arena having either closed or having under hard contract, over $1 billion in current transactions.
Carlton Partner, Michael Campbell attributes Carlton’s success to a tireless work ethic and fierce client advocacy which provides our clients with around the clock service and access to Carlton’s international rolodex of investors throughout the world.
A summary of the recent Carlton closings are as follows:
- A major development transaction in the Meatpacking District of Manhattan where Carlton arranged equity and debt for our client’s acquisition and ultimate development of one of the last great retail sites in the Highline/Meatpacking District in Manhattan.
- On the West Coast, we just closed a performing first mortgage note sale, secured by an iconic office tower in San Francisco. This loan was sold on behalf of a major institution to a large institutional investor.
- We recently closed the financing secured by three Hilton branded hotels located in the Midwest.
- We also recently arranged the equity capital for our client’s acquisition of a nine-figure performing note, which is part of a billion-dollar multi-tranched debt and equity stack.
- We also have four different European transactions under hard contract for in excess of $400 million in expected closings.
We also have a number of transactions that are under hard contract and will be closing within the next 30 days aggregating over one billion in proceeds.
We are particularly proud of our ability to continue to transact large complicated transactions amidst all of the economic volatility and uncertainty which is prevalent in the marketplace.
We have been raising large amounts of equity and debt capital with the same team for longer than just about anyone. This allows us to have consistent, dependable, reliable relationships throughout the world, which in turn, permits us to selectively access different capital partners for the appropriate transactions. Our clients know that when they come to us, they can count on a reliable and timely execution. We employ creative strategies and are often able to come up with structures and valuations which require an instinct not generally possessed by our competitors.
We work until the deal is done, regardless of the potential impediments to success. Moreover, given the severe economic turmoil and distress, it’s essential to have a long rolodex in order to access investors who can see through the headlines and evaluate and act on true economic opportunity which has allowed our transactions to be completed.
Finally, there are still some great year-end investments to participate in and I encourage you to call me if you have capital that you are looking to invest before the end of the year.
We look forward to speaking with you and discussing on a confidential basis any large transactions where Carlton can raise equity and or debt for you.
Thank you and we hope that you enjoy the holiday season in between your deal making.
Howard L. Michaels
