Patrick Capital, LLC and Majicap Holdings, LLC join forces in a strategic joint venture capital fund targeting urban infill projects across the U.S. and Jamaica.
Atlanta, Georgia, United States, 22nd May 2023 – Patrick Capital, LLC, a leading private equity firm based in Atlanta, Georgia, is excited to announce its strategic joint venture with Majicap Holdings, LLC, a prominent investment firm. This collaboration aims to establish a joint venture capital fund focused on urban infill Multifamily, Single Family, and Hospitality projects across the United States and Jamaica. The joint venture will allocate $25 million of equity capital towards an impressive development portfolio totaling approximately $250 million.
The collaboration between Patrick Capital and Majicap Holdings brings together their strengths, expertise, and resources, forging a powerful alliance in the investment sectors. With their combined knowledge and experience, the joint venture is poised to capitalize on lucrative opportunities within the urban infill market.
Orlando Patrick, Managing Partner of Patrick Capital, expressed his excitement about the future prospects of this collaboration, stating, “I am elated about the future of this joint venture and the exceptional skill set that each firm brings to the table. Together, we are well-positioned to create outstanding projects and generate remarkable returns for our investors.”
Patrick Capital, LLC has established itself as a reputable and accomplished equity firm, having successfully developed, owned, and managed over 2 million square feet of urban infill projects in prominent cities such as Chicago, Atlanta, St. Louis, and the Caribbean’s vibrant island, Jamaica. Their portfolio boasts an impressive range of residential, commercial, and hospitality developments, demonstrating their unwavering commitment to excellence and innovation.
Majicap Holdings, LLC, known for its investment and strategic collaboration prowess, is an ideal match for Patrick Capital. The firm brings financial expertise, market insight, and a robust network of industry connections. This collaboration leverages the strengths of both entities, paving the way for a successful joint venture that will thrive in the competitive real estate development landscape.
Through this joint venture capital fund, Patrick Capital and Majicap Holdings aim to target urban infill projects that exhibit immense growth potential and meet the evolving demands of the market. By strategically allocating funds and leveraging their combined expertise, the joint venture seeks to deliver exceptional value and attractive returns to investors.
As the joint venture progresses, Patrick Capital and Majicap Holdings will actively seek opportunities that align with their investment criteria and adhere to their shared vision of excellence, sustainability, and community impact. For more information, investors can visit the official website of Patrick Capital.
About the Company:
Patrick Capital, LLC is a leading private equity firm based in Atlanta, Georgia. With a proven track record of successful urban infill projects, the company specializes in developing, owning, and managing high-quality properties in prime locations. Patrick Capital is committed to sustainable development and creating vibrant communities that enhance the quality of life for residents.
Organization: Patrick Capital LLC
Contact Person: Orlando Patrick
Country: United States
Release Id: 2205233669
The post Patrick Capital, LLC and Majicap Holdings, LLC Forge Strategic Joint Venture to Fuel Urban Infill Development appeared first on King Newswire.
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