BOSTON, Aug. 31, 2016 /PRNewswire/ -- Joyal Capital Management, LLC is pleased to announce the completion of its latest investment with PA-based real estate development partners Vision Properties. This marks the fifth successful collaboration between the two firms, the third on The Edge brand, and represents JCM's commitment to building long-lasting, multi–service relationships with its business partners.
The JCM Opportunity Fund I, LLC (JCM's private equity arm) recently completed an investment in a to-be-developed, purpose-built, off-campus student housing project that will serve the enrolled population at the University of Massachusetts – Lowell campus. When completed, this development, The Edge Lowell, will offer 438 rentable bedrooms with unparalleled offerings of unit and property amenities in the Lowell market.
Prior to UMass Lowell, the JCM Opportunity Fund's first successful Edge investment was completed in 2015. This development is a five-story, 170-unit ground-up, medical multifamily property, adjacent to the Wake Forest Baptist Medical Center in Winston-Salem, NC. It was sold after development, and the return to investors over a 17-month hold was an IRR of 21.1% and an AAR of 22.04%.
The JCM Opportunity Fund's second successful Edge engagement, in concert with JCM Finance, LLC, was to arrange the debt financing for The Edge at Union Station, an extensive renovation and repurposing of the historic Osgood Bradley building in Worcester, MA. It completed in May 2016 and is opening its doors in September 2016.
JCM's partnership with Vision extends well beyond its private equity capability to include insurance, estate planning and financing. These value-added deliverables exemplify JCM's Total Plan Integration philosophy of providing global business planning and wealth-preservation solutions to its clients and partners.
"JCM has enjoyed a long and wonderful relationship with Vision Development as well as with Rick and Mary Shaffer personally. Vision is a vertically integrated, best in class operation that we are proud to call both a client and a partner. We look forward to continued success developing strategically-placed multifamily properties and acting as a resource to their entire organization." – Gary F. Joyal, CEO & Managing Partner, Joyal Capital Management, LLC
About Joyal Capital Management, LLC
Joyal Capital Management, LLC represents more than 500 clients in over 20 states on mergers and acquisitions, financing, private equity and family office services. Since its founding, JCM's subsidiary, JCM Franchise Development, LLC has raised over $500 million of equity and debt capital for franchisee clients and has participated in over 125 restaurant-related M&A transactions with an aggregate transaction value exceeding $600 million. The JCM Opportunity Fund I, LLC is a private equity vehicle that focuses on franchise and real estate investments. Since its inception, the Fund has made five (5) investments, three (3) of which have been completed and two (2) of which are ongoing.
Visit our website: http://www.joycapmgt.com
For more information on the Fund contact Sean O'Brien, CFO, at sobrien@joycapmgt.com, or at 508-747-6107.
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SOURCE Joyal Capital Management, LLC
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