Sabal Financial Group launches $541 million national real estate and loan portfolio sale
Newport Beach, Calif. – Sabal Financial Group, L.P., a diversified financial services firm specializing in real estate, lending, and banking-related services, announced today that it has retained Holliday Fenoglio Fowler, L.P. (HFF) to market and sell a $541 million portfolio of real estate and performing, sub-performing, and non-performing loans representing a portion of its managed asset portfolio.
The offering consists of 11 different geographically diverse sub-pools, which will provide investors with flexibility to pursue specific pools to meet their investment objectives.
“We believe that investor appetite will be strong due to the quality of the assets and the structure of the transaction,” said Kevin R. McKenzie, Head of Investments for Sabal.
The portfolio consists of three (3) major asset pool groups: a $91.5 million performing and sub-performing loan pool, four (4) non-performing loan pools totaling $156.9 million of outstanding principal balance organized geographically, and six (6) real estate pools organized geographically comprised of real estate assets with a combined pre-foreclosure outstanding principal balance value of $297.2 million.
This portfolio sale is Sabal’s fifth structured sale transaction using an investment advisor.
“We have had the opportunity to work with the most effective and capable sale teams in the nation and have had excellent success supplementing our individual asset strategies with portfolio transactions,” said Ken Kraemer, Head of Managed Real Estate at Sabal.
Sabal has created value for its investors by deploying a wide variety of management strategies appropriate to the local markets and the economic cycle from development to structured sales.
“This pooled portfolio provides an excellent opportunity for investors looking for predictable cash yield from high quality investment property and loans in addition to achievable value add strategies,” adds Brock Cannon, managing director of HFF.
About Sabal Financial Group
Sabal Financial Group, L.P. is an diversified financial services firm specializing in real estate, banking-related services and lending headquartered in Newport Beach, California. The firm’s flagship principal investments business has established a strong foothold in the distressed debt arena, investing in nearly $8.2 billion in real estate assets on behalf of its partners and investors since the firm’s inception in 2009. The Sabal Financial platform also operates a number of complementary businesses including Real Estate Capital Solutions, Advisory Solutions, Third-Party Servicing and Sabal Europe. For more information, visit sabalfin.com.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.