Articles from EJF Capital LLC

EJF Capital LLC (“EJF Capital”), a global alternative asset management firm with approximately $5.4 billion of assets under management, today announced that it has completed a $100 million securitization transaction for Third Coast Bank, a Texas banking association and wholly owned bank subsidiary of Third Coast Bancshares, Inc. (NASDAQ: TCBX).

EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced the successful closing of a capital relief transaction with a U.S. bank counterparty.

EJF Capital LLC (“EJF Capital”) and joint venture partner Crimson Canyon LLC (“Crimson”) today announced the successful close of a permanent financing facility for a warehouse (the “Project”) in Buckeye, AZ, a western suburb of Phoenix, AZ. The Project sits less than a mile from the I-10 and Miller Road interchange, as well as other major highways, and is situated within a Qualified Opportunity Zone (“QOZ”) under the Tax Cuts and Jobs Act of 2017 (“TCJA”), which offers investors tax benefits to invest into Opportunity Zones with the aim of spurring economic growth in lower income areas.

EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced that John W. Murray and Derrick G. Preuss have joined the firm as Managing Directors. Mr. Murray will work on EJF’s Portfolio Management team, where he will focus on residential mortgage-backed securities, mortgage servicing rights, and credit risk transfer transactions. Mr. Preuss will work on EJF’s Business Development team, where he will be responsible for building relationships with existing and prospective investors.

EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced the successful closing of EJF Ventures Fund LP (“EJF Ventures” or the “Fund”) with approximately $104 million in capital commitments. The Fund received support from both new and existing EJF investors.

EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced the successful closing of its second Opportunity Zone investment fund, EJF OpZone Fund II (the “Fund”) with approximately $167 million in investor subscriptions and commitments. The Fund received support from both new and existing EJF investors including high-net-worth individuals, Registered Investment Advisors (RIAs), broker dealers, and a leading private bank.

EJF Capital LLC (“EJF Capital”) and joint venture partner North Signal Capital LLC (“North Signal”) today announced the successful close of a permanent financing agreement with MetLife Investment Management for RiverPort 4, a warehouse facility that is part of RiverPort Commerce Park (“the Project”), a 510-acre industrial park near Savannah, Georgia. Located less than ten miles from the Port of Savannah, the largest and fastest-growing container terminal in the United States,1 the Project is situated within a Qualified Opportunity Zone (“QOZ”) under the Tax Cuts and Jobs Act of 2017 (“TCJA”) which offers investors tax benefits to invest into Opportunity Zones with the aim of spurring economic growth in lower income areas.

EJF Capital LLC (“EJF Capital”), a global alternative asset management firm, today announced the successful close of its fourth installment of litigation finance investment vehicles, Rocade Capital Fund IV LP and Rocade Capital Offshore Fund IV LP (the “Funds”) with approximately $220 million in investor subscriptions and commitments. Previously, EJF Capital and funds affiliated with Barings LLC, one of the world’s leading investment managers, formed a joint venture specialty finance company, Rocade LLC (“Rocade”), with $250 million of committed capital designed to invest alongside the Funds. The combined capital commitments raised across Rocade and the Funds totals approximately $470 million.

EJF Capital LLC (“EJF”) and The NRP Group (“NRP”) today announced the closing of a $61 million construction loan led by First National Bank to develop a 361-unit multifamily community in Hyattsville, Maryland (the “Project”). The Project’s 3.2-acre development site is located within a “Qualified Opportunity Zone” under the Tax Cuts and Jobs Act of 2017 (“TCJA”), which offers investors potential tax benefits to invest with the aim of spurring economic growth in lower income areas.

EJF Capital LLC (“EJF”) and joint venture partner North Signal Capital LLC (“North Signal”) have closed on a $75.1 million senior construction loan from Bank OZK to develop three Class A warehouses at RiverPort Commerce Park (“RiverPort”) located less than ten miles from the Port of Savannah, GA, the fastest growing container terminal in the United States.1 The buildings are in a Qualified Opportunity Zone (“QOZ”) under the Tax Cuts and jobs Act of 2017 (“TCJA”) which offers investors tax benefits to invest into Opportunity Zones with aim of spurring economic growth in lower income areas.

EJF Capital LLC (“EJF”) and Toll Brothers Inc. (NYSE: TOL), through its Toll Brothers Apartment Living (“TBAL”) division, today announced the formation of a joint venture to develop Henri (the “Project”), a 313-unit multifamily community in downtown Phoenix, AZ. The 2.32-acre site is in a “Qualified Opportunity Zone” under the Tax Cuts and Jobs Act of 2017 (“TCJA”), which offers investors potential tax benefits to invest into Qualified Opportunity Zones with the aim of spurring economic growth in lower income areas.

EJF Capital LLC (“EJF”) and Chance Partners LLC (“Chance”) today announced that they are jointly developing The Jack on Beach (the “Project” or “The Jack”), a 295-unit multifamily housing community consisting of three, four-story buildings located in the St. Nicholas neighborhood of Jacksonville, FL. The Project is in an area certified as a “Qualified Opportunity Zone” under the Tax Cuts and Jobs Act of 2017 (“TCJA”), which offers investors potential tax benefits to invest into Qualified Opportunity Zones with the aim of spurring economic growth in lower income areas.

EJF Capital LLC (“EJF”) and joint venture partner Crimson Canyon today announced the close of an approximately $23.4 million construction loan from Pacific Premier Bank to develop a 326,000-square foot warehouse outside of Phoenix, AZ. The project is in an area certified as a “Qualified Opportunity Zone” under the Tax Cuts and Jobs Act of 2017 (“TCJA”), which offers investors potential tax benefits to invest into Qualified Opportunity Zones with the aim of spurring economic growth in lower income areas.

EJF Capital LLC (“EJF”) and Chartwell Residential (“CR”) today announced the close of an approximately $67.35 million construction loan from Synovus Bank to develop the first phase of a multifamily development in Nashville’s Metrocenter neighborhood. The project is in an area certified as a “Qualified Opportunity Zone” under the Tax Cuts and Jobs Act of 2017 (“TCJA”), which offers investors potential tax benefits to invest into Qualified Opportunity Zones with the aim of spurring economic growth in lower income areas.

EJF Capital LLC (“EJF”) and Green Street Real Estate Ventures (“Green Street”) today announced they are partnering to develop three warehouse buildings with approximately 454,000 square feet in St. Louis, MO. The Project is in an area certified as a “Qualified Opportunity Zone” under the Tax Cuts and Jobs Act of 2017 (“TCJA”). The TCJA offers investors potential attractive tax benefits to invest into Qualified Opportunity Zones to create economic growth in lower income areas.

EJF Capital LLC (“EJF”) (www.ejfcap.com) and Toll Brothers, Inc, (NYSE: TOL) (www.tollbrothers.com) through its Toll Brothers Apartment Living (“TBAL”) division, today announced the formation of a joint venture to develop the Rafferty (the “Project”), a two-building, 218-unit multifamily community in the Santa Ana neighborhood of Orange County, CA. The development is located in an area certified as a Qualified Opportunity Zone under the Tax Cuts and Jobs Act of 2017 (“TCJA”), which offers investors potential tax benefits to invest into Qualified Opportunity Zones with the aim of spurring economic growth.

EJF Capital LLC (“EJF”) and Chance Partners LLC (“Chance”) today announced that they will develop Eastborough (the “Project”), a two building, 226-unit multifamily community in the San Marco neighborhood in Jacksonville, FL. The Project is in an area certified as an “Opportunity Zone” under the Tax Cuts and Jobs Act of 2017 (“TCJA”). The TCJA offers investors attractive tax benefits to invest into Opportunity Zones to create economic growth in lower income areas.

EJF Capital LLC (“EJF”) and North Signal Capital LLC (“NSC”) have secured $31.6 million in financing from Synovus Bank for the construction of two buildings at RiverPort Commerce Park (“RiverPort”), less than 10 miles from the Port of Savannah, which includes the largest-area and fastest growing single-operator container terminal in the United States. The buildings are in a “Qualified Opportunity Zone” under the Tax Cuts and Jobs Act of 2017 (“TCJA”) which offers investors tax benefits to invest into Opportunity Zones with the aim of spurring economic growth in lower income areas. The TCJA encourages Opportunity Zone investors to have uninterrupted ownership of qualifying property for at least 10 years.

EJF Capital LLC (“EJF”) and Chartwell Residential (“Chartwell”) today announced that they have formed a joint venture to invest $80 million in a two-phase, multifamily development with approximately 750 units in Nashville, TN. The two communities will be located on the former Watkins College campus. The 13.6-acre project is in an area certified as a “Qualified Opportunity Zone” under the Tax Cuts and Jobs Act of 2017 (“TCJA”), which offers investors tax benefits to invest into Opportunity Zones with the aim of spurring economic growth in lower income areas.

EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced the launch of its second real estate Qualified Opportunity Zone Fund, EJF OpZone Fund II LP (the “Fund”).