NEW YORK – Värde Partners, a leading global alternative investment firm, today announced that Mark Schein has joined the firm as its Global Chief Compliance Officer (GCCO). Based in New York, Mark will oversee Värde’s global compliance and audit functions. He will be replacing Katie Kloster, who has served as the firm’s GCCO since 2010…
Archive: Announcements
Värde Partners completes sale of luxury hotel group The Dedica Anthology
MILAN – Värde Partners, a leading global alternative investment firm, today announced the successful completion of its previously announced sale of a portfolio of eight luxury hotels operating under The Dedica Anthology brand (“Dedica”) to Covivio, a European real estate operator, through its subsidiary Covivio Hotels. The portfolio comprises eight luxury full service independent hotels with…
Flynn Properties and Värde Partners Form Joint Venture, Acquire 20 Select Service Hotels
$211 million deal Includes 11 Marriott®- and Nine Hilton®-Branded Hotels SAN FRANCISCO and MINNEAPOLIS – Flynn Properties Inc. (“Flynn”), owner of commercial real estate, luxury resorts and select service hotel properties in America and abroad, in a joint venture with Värde Partners, a leading global alternative investment firm, today announced that it has acquired 20 select…
Värde Partners Agrees €96 Million Sale of Hotel Barcelona Apolo to Meliá
MADRID – Värde Partners, a leading global alternative investment firm, announced it has agreed to the sale of Hotel Barcelona Apolo to Meliá Hotels International, the current hotel operator, for €96 million. The transaction followed an open bidding process that attracted interest from more than 20 institutional investors. The sale was agreed through Dospuntos Asset…
Värde Partners Closes $833 Million in U.S. Commercial Real Estate Loans in Second Quarter
Commercial Real Estate Lending Outlook Remains Strong MINNEAPOLIS and NEW YORK – Värde Partners, a leading global alternative investment firm, today announced it closed $833 million in U.S. commercial real estate loan originations in the second quarter of 2021, for a total of $1.1 billion funded this year. The 13 transactions completed in the second…
Värde Partners Closes Firm’s Largest CRE CLO at $928 million
Loans Originated Through Värde’s Commercial Real Estate Lending Platform MINNEAPOLIS and NEW YORK – Värde Partners, a leading global alternative investment firm, today announced the closing of a commercial real estate collateralized loan obligation (CRE CLO). This is the firm’s fourth and largest CRE CLO, and eighth securitization of commercial real estate collateral. The asset…
Värde Partners Closes $309 Million in U.S. Commercial Real Estate Loans
MINNEAPOLIS and NEW YORK – Värde Partners, a leading global alternative investment firm, today announced it closed $309 million in U.S. commercial real estate loan originations in the first quarter of 2021. The six transactions span multifamily, office, and hospitality assets across four states and the District of Columbia. “In an environment where lending conditions…
Larry H. Miller Real Estate Acquires Daybreak from Värde Partners
Värde Sells Premier Utah Master-Planned Community in Deal That Includes More Than 1,300 Undeveloped Acres MINNEAPOLIS, MN and SANDY, UT – Värde Partners and Larry H. Miller Real Estate, a portfolio company of the Larry H. Miller Group of Companies, today announced that Larry H. Miller Real Estate has acquired Daybreak, a premier master-planned community in South…
Värde Funds $155 Million for Two Office Developments in Hyderabad, India
MUMBAI – Värde Partners, a leading global alternative investment firm, today announced it has provided senior construction financing on two pre-leased office assets in the Gachibowli Financial District of Hyderabad, India. The $155 million facility will be used to refinance and fund to completion over 2.5 million square feet across the two Grade A developments…
Värde-owned Vía Célere Issues First Green Bond by Residential Developer in the Euro Market
LONDON AND MADRID – Värde Partners, a leading global alternative investment firm, today announced that one of its portfolio companies, Vía Célere, has issued the first green bond by a residential real estate developer in the Euro market. Vía Célere is the largest homebuilder in Spain by units delivered in 2020, with a deep residential…