PRIVATE EQUITY PARTNERS
Based in Los Angeles–California, Private Equity Partners Inc is a fully-integrated, boutique real estate investment & development company. We provide customized portfolio development capabilities across all real estate investment strategies. With over 100 million dollars in transactions, Private Equity Partners has positioned itself to be a premier choice enterprise for an accredited investor.
We identify as well as develop real estate with a focus on maximizing the asset value both on equity and cash flows. We are a company that partners with its investors, NOT a firm seeking customers! We work with a few selected partners who understand the market risks and benefits the company provides to them for maximizing cash flow velocities.
We seek properties in Tier 2 markets like Phoenix, Cleveland, Cincinnati & Detroit. Our target market cities need to have a large university, at least two of the major sports franchises from Baseball, Basketball & Football and preferably in a purple state. Besides, there are a few more quantitative selection criteria that are unique to our approach. This analytical, political & marketing approach is key to our investment decisions.
OUR HISTORY
Mr. Ashai started Private Equity Partners Inc. after the recession of 2008, seeing an opportunity in the market to purchase distressed assets in Phoenix, AZ. The business was created by talking to homeowners who were upside down on their Homes and Promissory Notes attached to their mortgages. These people wanted to stay in these homes but knew that could not afford to pay these huge loan payments as the values had plummeted. The capital was raised and working with the lenders and homeowners, these non-performing assets were purchased from the Banks and the homeowners became renters. This was a great moment for the homeowners who were able to save dignity in the society and their kids did not have to change schools and they treated these homes as their own after becoming tenants. Three years and many iterations later this portfolio was sold to a Japanese Investment Firm based out of Los Angeles.
At that time, the company approached small to mid-size local west coast banks who during the recession had acquired distressed banks on the east coast. On the balance sheet of these newly acquired banks were assets on the east coast and Midwest which the local west coast banks did not want. Seeing this arbitrage, Private Equity Partners raised capital to buy these distressed assets in Ohio from these banks. The strategy was to buy in Tier 2 cities which had manufacturing jobs and a large university. Initially, Cincinnati, Cleveland, and Tampa were chosen as target cities. In the first acquisition, 113 apartment units were purchased in Cincinnati and the company staked a large claim in the Cincinnati market. When no one was buying Private Equity Partners, Inc. was willing to take the risk. The analytical and quantitative market analysis pointed out that the Midwest market making a strong recovery. The goal was to create wealth by buying these distressed assets which would generate a much higher return on equity as rental income. Also, the return on capital was increased by a high and quick turn over of assets.
The company currently is acquiring more assets in Ohio, Michigan, and Florida. Please feel free to email [email protected] for further information.