Dallas, Texas, May 8, 2014 – Civitas Capital Group (“Civitas” or the “Company”), a leading specialty asset management and financial services firm with operating divisions focused on Alternative Investments, EB-5 Funds and Wealth Management, today announced that two of its projects were recognized as the Best Real Estate Deals of 2013 by the Dallas Business Journal. Civitas was awarded Most Creative Financing for its Alexan Trinity project and Best Urban Office for its work on KPMG Plaza at its Hall Arts Center project. The Dallas Business Journal awarded the most exceptional real estate transactions and projects in North Texas in 17 total categories.
“It’s really exciting to be recognized for the contribution we make to the North Texas region for the second year in a row,” said Dan Healy, chief executive officer of Civitas. “We work really hard to bring a rigorous, institutional approach to structuring deals and tailoring them to the risk-return profile of our global investors. It’s nice to be acknowledged within the community as it confirms that this concerted effort is paying off. I’m delighted to share these awards with our team of culturally and financially savvy investment experts as well as the high-quality partners we work with.”
The Alexan Trinity, which won in the Most Creative Financing category, was a $5.0 million joint venture equity EB-5 investment. The three-story, 166-unit, Class A garden-style, multifamily apartment complex is located in the Oak Cliff neighborhood of South Dallas. The project helps meet demand for top-tier residences at an ideal location in one of the city’s most dynamic areas.
Healy continued, “The Alexan Trinity project leveraged $4 million in tax increment financing from the City of Dallas and the know-how of Trammell Crow Residential, one of the most well-respected residential and mixed-use developers in Texas, and throughout the U.S. to meet an important need in the community.”
The KPMG Plaza at the Hall Arts Center won the Best Urban Office award. The EB-5 investment was structured by Civitas in the form of a $65 million junior loan to an affiliate of Hall Financial Group. The funds financed the construction of Hall Arts Center, an 18-story LEED-certified office building in the heart of the Dallas Arts District.
“Best of all, these investments result in real, newly created and sustained jobs for American workers at essentially no cost to taxpayers,” Healy added.
This is the second year in the row Civitas has been nominated and won awards at the annual Dallas Business Journal Best Real Estate Deals of the Year banquet. Last year, Civitas won awards in three categories including Mixed Use, Most Creative Financing and Urban Multifamily.
Civitas Capital Group (“Civitas”) is a leading specialty asset management and financial services firm with operating divisions focused on Alternative Investments, EB-5 Funds and Wealth Management. Civitas evaluates the truth that lies at the core of every investment. We dig deeper, using a rigorous process to evaluate investment opportunities from every angle.
For more information about Civitas, please visit www.civitascapital.com, follow us on Twitter at http://twitter.com/CivitasCG and http://twitter.com/CivitasEB5 or find us on LinkedIn at http://www.linkedin.com/company/civitas-capital-group.
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