NEW YORK, March 15, 2017 /PRNewswire/ -- Allegiant Real Estate Capital, LP ("Allegiant"), an SEC registered investment advisor that originates, acquires and manages investments in senior mortgage loans, subordinate loans, preferred equity and securities secured by commercial real estate, announced today that it has received a strategic investment from Anthony Tufariello, former co-CIO of Real Estate at Fortress Investment Group, and Ziel Feldman and Nir Meir, whom are among the most active developers in New York City.
"After the recession, many banks reduced their CRE lending exposure as they faced increased regulation and scrutiny, which in turn served as a launch-pad for non-bank lenders like Allegiant to step in and fill the gap. As evidence of this opportunity, Allegiant has gained tremendous momentum over the past six months and is currently on pace to originate more than $1 billion in loans in 2017," commented Randy Reiff, Chief Executive Officer and Chief Investment Officer of Allegiant. "Now, with the additional capital, support and expertise from Tony, Ziel and Nir, we will further expand our LP investor base, continue to grow our AUM and broaden our product offering for our customers."
Allegiant Real Estate Capital was launched in September 2016 by its Chief Executive Officer and Chief Investment Officer, Randy Reiff, in connection with its spinoff from an affiliate of Cerberus Capital Management. Concurrent with its launch, Allegiant secured an advisory agreement with a financial services firm to deploy up to $500 million of capital for investment in and management of commercial real estate debt opportunities.
"Allegiant, with its best-in-class investment team, has the ability to provide commercial real estate borrowers access to comprensive financing solutions across the debt capital structure. Allegiant offers a compelling value proposition and I welcome the opportunity to work closely with Randy and his team," explained Anthony Tufariello. "With the dislocation in the market, we are confident that additional opportunities exist and will be actively seeking to invest in other compelling and complimentary commercial real estate investment management platforms, development platforms and other related businesses creating a vertically integrated offering across the entire commercial real estate capital structure."
"Having worked closely with Randy and his team as a borrower, we have great confidence in their capabilities and are excited to partner with them. In the normal course of our core business developing, owning and managing commercial and residential real estate, we regularly see compelling opportunities that our partnership with Allegiant will allow us to pursue," concluded Ziel Feldman.
About Allegiant Real Estate Capital LP
Allegiant is a commercial real estate investment management company that originates, acquires and manages first mortgage loans, mezzanine loans, B-notes, preferred equity and CMBS securities. Allegiant offers borrowers a "one-stop" solution with the ability to offer customized commercial real estate debt investment strategies across the entire yield and risk spectrum.
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SOURCE Allegiant Real Estate Capital LP