Regency Capital Partners

Triton Pointe


Triton Pointe

Summary

Regency Capital Partners Secures $20 Million of Equity for Foster City project 5-acre mixed-use development opportunity

SAN FRANCISCO, CA., March 2013— Regency Capital Partners announced today that it has arranged a joint-venture for the development of a mixed-use project consisting of 166 apartments, 12,000 square feet of retail and 43,000 square feet of Class A office space. The 4.92 acre parcel is located two blocks from US-92 on the corner of Foster City Blvd. and E. Hillsdale Blvd. in Foster City, CA. RCP arranged the joint venture on behalf of Thompson Dorfman Partners and CityView, one of the nation’s most active urban real estate developers/investors. The venture closed after CityView and Thompson Dorfman completed the entitlement process in December 2012, and the project is planned to break ground in June 2013.

Michael Grausz of RCP led the advisory team securing the joint venture on behalf of Thompson Dorfman Partners.

Designed by Seidel Architects, this new development will be a centrepiece for the community with a plaza-like ambiance, incorporating robust ground-floor retail, mini-parks and manicured walking paths. Additionally, unit interiors will feature high-end, Class A finishes, with a tech-forward design. The project is part of the 21-acre Triton Pilgrim Master Plan approved by Foster City in 2009. The completed Master Plan will include over 700 residential units, along with a total of nearly 300,000 square feet of office space.

About CityView. CityView is one of the nation's premier institutional investment firms focused on urban real estate, in-city housing, and metropolitan infrastructure. American CityVista, CityView's predecessor, was founded in 2000 by Henry Cisneros, Secretary of the U.S. Department of Housing and Urban Development in President Clinton's Administration. CityView was founded in 2003 and has generated more than $2 billion in urban investment in 45 communities across the United States. The company currently manages multiple funds, all focused on urban solutions. Among its largest investors are pension systems for employees of the State of California (CalPERS), the City of Los Angeles (LACERS), the County of Los Angeles (LACERA), and the Los Angeles Fire and Police Plan (LAFPP). Combined, CityView’s three funds have invested in more than 20 metropolitan areas in 13 states across the country.

Additional information on Cityview is available on the Company’s website at www.cityview.com.

About Thompson Dorfman Partners Thompson Dorfman Partners, LLC is a real estate development and investment firm whose principals have a long history in California's housing industry. Formed in 1999 by Will Thompson and Bruce Dorfman, Thompson Dorfman focuses on multi-family residential development, with particular emphasis on well-sited, urban in-fill and mixed-use properties located in high-growth, technology-driven markets in the western United States.

The principals of Thompson Dorfman are 25+ year veterans in their industry with a reputation for quality and a track record of performance. Collectively, they have developed 10,000 multi-family homes in 35 California apartment and condominium communities. They have also expanded their services to provide development advisory, management, and investment expertise to corporate land owners and financial institutions.

In addition, Thompson Dorfman has created a non-profit entity, Education Housing Partners, Inc., to provide a full complement of development services to school districts and other public agencies in an effort to build workforce housing to help recruit and retain quality employees. Additional information on Thompson Dorfman Partners is available on the Company’s website at www.thompsondorfman.com.

About Regency Capital Partners Regency Capital Partners (RCP) is one of the premiere real estate capital advisory firms specializing in arranging debt and equity for a wide spectrum of clients, from regional investors and developers to some of the largest public and private real estate companies throughout the country. The firm is recognized within the industry for its integrity, creativity and determined advocacy on behalf of its clients. RCP's unparalleled commitment to the implementation of its clients financing objectives distinguishes it within the financing industry. During their tenure, the principals of Regency Capital Partners have closed over $5 billion of debt and equity transactions throughout the United States. Additional information on Regency Capital Partners is available on the Company's website at www.regencycapitalpartners.com.


Transaction Details

LOAN AMOUNT $20,000,000
FINANCING TYPE Equity
LENDER TYPE Private Fund
PROPERTY TYPE Mixed Use
PROPERTY ADDRESS
Map
Foster City Boulevard and East Hillsdale
Foster City, CA
PROPERTY DESCRIPTION This property will be a 166 unit residential building in Foster City, CA, with commercial space.