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Asset/Investment Management
FINANCIAL | Asset/Financial Management
columbianet.com

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Investments

18

Portfolio Exits

2

Funds

4

About Columbia Pacific Advisors

Columbia Pacific Advisors is an alternative investment firm managing investments across a range of real estate, opportunistic, direct lending and hedged strategies. Its principals and professionals are personally invested alongside our limited partners, and we strive to generate compelling risk-adjusted returns on a consistent basis for our investors.

Columbia Pacific Advisors Headquarter Location

600 University Street Suite 2500

Seattle, Washington, 98101,

United States

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Latest Columbia Pacific Advisors News

Columbia Pacific Advisors Provides $66M Loan on South Bend Rental Buy

Sep 28, 2021

Columbia Pacific Advisors Provides $66M Loan on South Bend Rental Buy By Mack Burke September 27, 2021 5:59 pm Prosper Apartments in South Bend, Ind. Photo: CPA H&A Properties has nabbed $66 million in debt from Seattle-based Columbia Pacific Advisors ‘ (CPA) bridge lending platform to acquire and renovate a 739-unit apartment community called Prosper Apartments in South Bend, Ind., Commercial Observer has learned. H&A, a South Bend, Ind.-based investor and developer, announced earlier this month that it had bought Prosper — formerly known as Park Jefferson — with plans to make significant improvements to a community that had suffered from neglect by the previous owners, while also not pricing out current residents . “We have had our eye on this property for some time, and we are fortunate to partner with the [CPA] on this project,” Avromi Klor, CEO of H&A Properties, said in a statement. “We are no strangers to the South Bend area and believe we can capitalize on the current market to maximize the property’s potential.”  The 47-acre, garden-style multifamily property is located at 3001 East Jefferson Boulevard in South Bend, and is one of the largest and oldest pieces of multifamily real estate in the city. The site includes 28 buildings, comprising more than 634,000 rentable square feet, and a mix of one-, two- and three-bedroom apartments, which are currently 99 percent leased out, according to information from CPA and H&A. The property includes a fitness center, an indoor pool, a billiards room, a theater room, a community room, a children’s playground, and a dog park, according to the property’s website and information from CPA. “An opportunity like this is rare in today’s highly competitive housing market, as quality rental properties with significant upsides are in short supply,” CPA Director of Real Estate Lending, Will Nelson, said. “[With] fully renovated units offering on-site entertainment amenities and outdoor community space, [the property] is a unique value proposition to anyone in the South Bend area.” The sale of the asset to H&A came as somewhat of a revelation to the surrounding area, as the property had fallen into disrepair under the stewardship of the previous owner and property manager. Residents have complained about water damage and leaks, and a variety of other issues that were never unattended to, and the property has also dealt with a series of fires — some of the fire damage still exists to this day. “We plan to add something great to an already great community,” H&A Chief Information Officer Hannah Van said in a statement as part of a news release on the firm’s purchase that was shared with local news station WNDU earlier this month. H&A, which owns a number of properties in South Bend, greater Indiana and Illinois, said in its announcement that it plans to “elevate the property” through a series of renovations, capital improvements and redesign efforts. The firm said in its release that plans are currently underway and that the newly renovated apartments will fall “within a reasonable price point” and that the property will offer “professionally managed traditional workforce housing options.” The company will offer flexible three- to 13-month lease options as well. “We want to make this property available to those who make South Bend such a wonderful place to live,” Van said. “In some ways, it’s a thank you for making our city go ‘round.” Klor said in the release from earlier this month that the company believes in “giving back and we think this investment will be a positive investment in the community…South Bend is our community, too. We might be a national company, but South Bend is our home and we want to do what we can to make it a wonderful place to live.” Currently monthly rents at the property range from around $675 for 646-square-foot, one-bedroom units to more than $1,250 for 1,200-square-foot, three-bedroom residences, according to listings on the property’s website. Mack Burke can be reached at mburke@commercialobserver.com . Keywords:

Columbia Pacific Advisors Investments

18 Investments

Columbia Pacific Advisors has made 18 investments. Their latest investment was in Hagar as part of their Series B on August 8, 2021.

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Columbia Pacific Advisors Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/12/2021

Series B

Hagar

$11.7M

No

5

8/4/2021

Series A

PRISM Worldwide

$10.5M

Yes

2

3/3/2021

Debt

Banzai

$15M

Yes

1

3/1/2021

Series A

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$99M

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10

7/23/2019

Series A

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$99M

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10

Date

8/12/2021

8/4/2021

3/3/2021

3/1/2021

7/23/2019

Round

Series B

Series A

Debt

Series A

Series A

Company

Hagar

PRISM Worldwide

Banzai

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Amount

$11.7M

$10.5M

$15M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

5

2

1

10

10

Columbia Pacific Advisors Portfolio Exits

2 Portfolio Exits

Columbia Pacific Advisors has 2 portfolio exits. Their latest portfolio exit was Clarity Health Services on November 03, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/3/2015

Acquired

3

00/00/0000

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10

Date

11/3/2015

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

3

10

Columbia Pacific Advisors Acquisitions

2 Acquisitions

Columbia Pacific Advisors acquired 2 companies. Their latest acquisition was Hawthorn Retirement Group on June 19, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/19/2017

Acquired

1

10/20/2015

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$99M

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10

Date

6/19/2017

10/20/2015

Investment Stage

Companies

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Valuation

Total Funding

$99M

Note

Acquired

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Sources

1

10

Columbia Pacific Advisors Fund History

4 Fund Histories

Columbia Pacific Advisors has 4 funds, including Columbia Pacific Real Estate Fund III LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/16/2019

Columbia Pacific Real Estate Fund III LP

REAL Estate

$225M

1

5/6/2014

Capital Pacific Startup Fund

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$99M

10

1/3/2013

Columbia Pacific Venture Fund I

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$99M

10

3/11/2009

Columbia Pacific Opportunity Fund LP

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$99M

10

Closing Date

1/16/2019

5/6/2014

1/3/2013

3/11/2009

Fund

Columbia Pacific Real Estate Fund III LP

Capital Pacific Startup Fund

Columbia Pacific Venture Fund I

Columbia Pacific Opportunity Fund LP

Fund Type

REAL Estate

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Status

Amount

$225M

$99M

$99M

$99M

Sources

1

10

10

10

Columbia Pacific Advisors Team

3 Team Members

Columbia Pacific Advisors has 3 team members, including current Chief Financial Officer, Jack Ferry.

Name

Work History

Title

Status

George R. Herreros

Founder

Current

Jack Ferry

Ignition Partners

Chief Financial Officer

Current

Alexander B Washburn

Managing Partner

Current

Name

George R. Herreros

Jack Ferry

Alexander B Washburn

Work History

Ignition Partners

Title

Founder

Chief Financial Officer

Managing Partner

Status

Current

Current

Current

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