Allegiant Real Estate Attracts New Attention
- Mar 17, 2017
New York—Six months after its launch, Allegiant Real Estate Capital LP has reeled in strategic investments from three players in the real estate industry. Anthony Tufariello, former co-CIO of real estate at Fortress Investment Group, and New York City developers Ziel Feldman and Nir Meir recently contributed capital to the commercial real estate investment management and advisory company.
A real estate lender and debt investor providing customized financial solutions, New York City-headquartered Allegiant presently offers a substantial list of lending products to accommodate buyers pursuing the acquisition or refinancing of properties. The company’s offerings cover a wide range of property types, including office, retail, industrial, multifamily and hotel assets.
“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,” Randy Reiff, CEO & CIO of Allegiant, said in a prepared statement. “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.”
It’s a complementary partnership. With its new investors in place, Allegiant will be able to augment its deep knowledge in the lending, debt investment and trading arenas with a new expertise in development, investing and operations. Allegiant and its investors will waste precious little time capitalizing on what they believe to be a fruitful period in the real estate game. “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,” Tufariello noted in prepared remarks.