MIAMI--(EON: Enhanced Online News)--Parmenter Realty Partners is launching a Separate Account initiative targeting core assets throughout its target markets. The firm has been investing in office properties for more than 24 years and has developed significant resources and relationships that support this effort. The initiative will be overseen by Timothy Shine, Managing Principal.
“Given the continued interest by our existing and prospective clients to invest in our high growth markets, we felt that offering core asset opportunities will help with clients allocation needs”
“Given the continued interest by our existing and prospective clients to invest in our high growth markets, we felt that offering core asset opportunities will help with clients allocation needs,” said Timothy Shine, Managing Principal of Parmenter Realty Partners. “These markets can offer consistent cash flow while also offering future value at reasonable cap rates with the potential for rent growth.”
The investment strategy and approach for the Separate Account initiative will be determined by the client’s specific real estate objectives, risk/return targets and property profile, location, and other preferences. It will target Class A commercial office properties in premier locations throughout the southern primary markets, including but not limited to Atlanta, Dallas, Denver, Fort Lauderdale, Houston, Memphis, Miami, Nashville, Phoenix, Raleigh and Washington, DC. Opportunities will include properties with long-term stable cash flow from major credit tenants.
Parmenter Realty Partners is a real estate investment, management and development company, headquartered in Miami, Florida, with regional offices in Dallas, Atlanta and Washington, D.C. Parmenter operates a series of institutional investment funds focused on the southern and mid-Atlantic regions of the U.S.
For more information on this topic please contact Parmenter Media Relations by calling (305) 379-7500 or via e-mail at MediaRelations@parmco.com. For investment opportunities, please contact Timothy Shine at TShine@parmco.com.