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7/01/14
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Karlin Real Estate is growing. The LA-based firm has opened an office in Dallas, TX, to focus on growing the firm’s debt and equity investment platforms in Texas and the Southwest. John Holt, formerly of C-III Realty Services, the real estate investment banking subsidiary of Irving, TX-based C-III Capital Partners, has joined Karlin as Director of Structured Finance and will lead the Dallas office.
This is Karlin’s first regional office and third office globally. The firm opened their London office earlier this year. Since inception, Karlin Real Estate has acquired and financed over 14 msf of multifamily, retail and industrial assets throughout the United States and Western Europe, with an aggregate value in excess of $1.1 bil.
The firm’s Texas portfolio includes approximately 3.4 msf of commercial and industrial assets and 300 acres of development land in Austin, which is currently being entitled for a master-planned technology and office park. Karlin also has originated nearly $30 mil in short-term permanent and mezzanine financing secured by multifamily, industrial and commercial assets throughout the state of Texas.
The Dallas office allows Karlin Real Estate, the real estate investment arm of Karlin Asset Management, to better manage its existing holdings in Texas, and gives the firm a central location to meet the demand from real estate investors and operators in the Southwest and Southeast for capital solutions to complex structured finance transactions.
“The opening of the Dallas office formally announces to the capital markets that our debt and equity platforms are becoming one,” said Karlin Real Estate Co-Founder Matt Schwab. “With John’s experience, we will be better able to serve sponsors throughout the capital stack whether it be originating senior secured debt, a mezzanine position or an investment in the equity.”
During his tenure at C-III Realty Services, Holt sold and closed more than $1 bil of commercial real estate throughout the U.S. Previously he was an Asset Manager with CB Richard Ellis where he managed and sold bank owned real estate assets on behalf of the FDIC, including the real estate portion of a $1.7 bil structured sale from the AmTrust Bank portfolio to Oaktree Capital Management. Before joining CB Richard Ellis, Holt co-founded a boutique real estate investment and development firm specializing in mixed-use assets in Houston, TX.
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