NOYACK WOULD ALSO INVEST IN EDUCATION AND SELF-STORAGE REAL ESTATE
Staff Reports
New York-based Noyack Medical Partners recently announced that it has plans for a $200 million private equity fund that would focus on the acquisition of assets that are either distressed or in need of re-positioning.
The assets would be in one of three sectors: healthcare, educational student housing and self-storage, a sector strategy that Noyack calls HESS.
CJ Follini, the CEO of Noyack, says the fund will look for assets on the Eastern Seaboard, but will not limit itself to those markets.
“We have been surprised by the number and quality of the value-add opportunities presented to us where we are able to achieve attractive risk-adjusted returns,” said Mr. Follini in a news release. “Since I had previously resisted many investors’ inquiries before due to the lack of quality deals, now seems the perfect timing for our fund.”
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
Comments are closed, but trackbacks and pingbacks are open.