Partners Group buys out investors in Nordic Niam portfolio

first_imgPartners Group has bought a real estate portfolio in Finland and Sweden for €300m at a discount on the secondary market.The Swiss private market investment manager acquired the retail and office properties from investors in a fund managed by Nordic investment manager Niam.The 380,000sqm portfolio, built up in 2006-07, comprised the remaining assets in Niam Fund III.The fund will be wound up, but Niam will continue to manage the properties with Partners Group. Fund manager Urban Ehrling said he was leaving Niam following the transaction.Partners Group said it “provided an off-market solution, allowing an exit for investors and time to maximise the value creation potential of all remaining assets over the next 3-5 years”.Fabian Neuenschwander, vice-president in real estate secondaries, said: “The Finnish and Swedish real estate markets will continue to perform well in the coming years, and we see this transaction as a unique opportunity for our clients to benefit from this development.”As part of the deal, done in June and July, Partners Group was involved in negotiating the refinancing of all the portfolio’s existing debt facilities, as well as the buyout of minority shareholders and joint-venture partners.It was also involved in preparing a mezzanine facility in the capital structure of one of the investments at preferential terms.Niam said it would work with Partners Group over the next few years to execute a strategy for generating value in the properties.Pekka Salakka, senior director at Niam, said: “Niam is very familiar with these properties because we have been successfully operating these assets since the build-up of the portfolio.”Partners Group has made a number of transactions on the secondary market in recent years.Last month it said it bought 31 investors out of the $1bn (€776m) troubled Chinese property fund Trophy Property Development.last_img read more

Alan Lee Hess Jr. June 17, 1953 – May 27, 2020

first_imgAlan Lee Hess Jr. age 66 of Bright, Indiana passed away in his home Tuesday, May 27, 2020. Born June 17, 1953, in Chicago, Illinois the son of Alan and Martha (Zawadzki) Hess Sr.Alan, a graduate of Farmington High School in Farmington, Michigan, attended Michigan Institute of Technology and married Kathy Jo Westrich November 26, 1976 at Bright Methodist Church in Bright, Indiana. He is a member of Dearborn Hills United Methodist Church in Bright, Indiana. Alan worked as a computer machinist for the aircraft industry. He enjoyed car shows and photography.Alan is survived by his wife, Kathy Jo Hess, his children Marsha (Joe) Schmeltzer and Brad (Rebecca) Hess. Grandfather of Grayson Schmeltzer, Daisy Hess and Otto Schmeltzer. Brother of Debra Hess. Survived by his sisters-in-law Vella Kay (Wayne) Reiman, Donna Westrich, brothers-in-law Ken (Sandy) Westrich, Mark (Nancy) Westrich, Dave Hartman. Also survived by his Auntie’s Frances and Cele along with many loving nieces and nephews.Alan is preceded in death by his parents Alan and Martha Hess Sr. and his brother in law Mike Westrich and sister-in-law Pam Hartman.Visitation will be held on Thursday, June 4, 2020 from 10:00 A.M. until time of memorial service at 12:00 P. M. at Dearborn Hills United Methodist Church 25365 State Line Rd. Lawrenceburg, Indiana.Memorials may be donated to Bright Fire department and/or Dearborn Hills United Methodist Church c/o the funeral Home Jackman Hensley Funeral Home 215 Broadway St. Harrison, Ohio 45030.last_img read more

Poppen’s Penalty Kick Sends Men’s Soccer Past No. 23 Tulsa, 2-1, In Overtime

first_imgIt is the first overtime victory this season for Drake (4-3-0), which had lost its two previous extra -time contests. No. 23 Tulsa (3-3-1) lost its second-straight home match as the two teams played each other for the first time since 2013. It is the first win for the Bulldogs in Tulsa since 1996. “For the first goal, it was a great run from the back by Nic (Jaimes) who dribbled past four Tulsa players and showed good composure to slot his shot past the goalkeeper,” Smith commented on his team’s third win over a top-25 team this season. “Jared (Brown) was excellent yet again and showed his quality by making an amazing save on the penalty at 1-0 which was a key moment in the game. Tulsa is one of the top teams in the country and they showed their quality for long phases of the game. Our area of growth is that we have to continue to work on regaining possession against teams at this level. One of the most pleasing aspect of our performances was our organization, discipline and resolve when defending. We knew that we had the ability to create chances and win the game and that’s what we did. Great credit to Cole for showing the courage and composure to step up and bury the penalty to win the game in overtime.” “We are delighted with what was a hard-fought victory on the road against another top 25 team,” said head coach Gareth Smith. “We showed real character, ambition and quality to get this result as this is a tough place to play. I was happy with how we started as we showed a high level of intensity and desire to go at Tulsa. We had a chance to take the lead early through Leroy with good build up play but just couldn’t finish. It was an excellent performance all around with some real special moments.” Nic Jaimes scored the match’s first goal in the 18th minute (18:24) after he beat the Golden Hurricane’s backline and blasted it in from a short distance in the box. It is the first goal for Jaimes this season. Preview Live Stats PDF Box Score The Golden Hurricane took the next three shots, but Brown saved one attempt and the other two were high or wide. Out of halftime, Steven Enna, Leroy Enzugusi, Erik Fahner and Ryan Johnston all had shots but couldn’t convert. Brown withstood an aggressive attack by Tulsa, making two saves in the first 11 minutes. After a mandatory water break due to the heat in the 69th minute, the teams traded shots before going to overtime. TULSA, Okla. – Cole Poppen, a transfer from Tulsa University, converted a penalty kick early in overtime to send the Drake University men’s soccer team past his former team, 2-1, Saturday, Sept. 15 afternoon at Hurricane Stadium in Tulsa, Okla. Next Game: at Loyola 9/22/2018 – 7 PM Story Links Watch Live Following Saturday’s match, Drake begins Missouri Valley Conference play at Loyola on Sept. 22. The match in Chicago will start at 7 p.m. and be shown on ESPN3. Print Friendly Version ESPN3 Minutes later, goalkeeper Jared Brown, made a tremendous save on a Tulsa penalty kick by Chase Bromstedt to preserve the Bulldogs’ 1-0 lead. However, three minutes later the Golden Hurricane were awarded another penalty kick, taken by Juan Sanchez, who converted the equalizer this time. Poppen was awarded the penalty kick in the 93rd minute (93:55) after a Tulsa foul in the box. He buried the ball in the net for his second goal of the season. Full Schedule Roster Brown finished with seven saves. Drake overcame a 16-8 shot advantage by Tulsa as well as 16 corner kicks by the Golden Hurricane to just four by the Bulldogs.last_img read more