IBS Investment Bank today announced its $100MM agreement with MACC Venture Partners, LLC for the acquisition multifamily assets in the U.S. ![]() Online PR News – 14-February-2017 – Fort Lauderdale-based private equity firm IBS Investment Bank a division of Institutional Banking Services, N.A. CORP (IBS, N.A.) today announced its $100MM agreement with Gastonia, North Carolina based multifamily owner-operator MACC Venture Partners, LLC (MACCVP) for the acquisition, management and disposition of multifamily assets throughout the Southeastern United States. The new agreement will leverage IBS, N.A.s institutional investment management experience to launch MACCs first close-ended fund, the $100MM MACCVPs Capital Equity Fund, LLC (the Fund). The Fund will fuel the groups purchase of Class B multifamily assets which are operationally opportunistic for MACCVPs property management prowess. We believe overall conditions for multifamily is still positive among Southeastern metro areas. Job growth, supply growth, affordability and submarket concentration drive our due diligence. This focus resonates deeply in our acquisitions and is reflected in our past performance and track record, said MACCVP Managing Director, Tony Azar. Jackson, the IBS Investment Bank chief executive and Forbes Finance Council member cites MACCVPs personalized, high-touch culture as the driver which led him into the agreement. The corporate culture between MACCVP and IBS, N.A. is synonymous in that we have remained consistent to our employees and investors throughout economic cycles by sticking to the fundamentals. This partnership delivers us a competitive edge in acquiring stable assets in high-barrier to entry markets, IBS, N.A. Chairman and Chief Investment Officer Jason Jackson told reporters. About IBS Investment Bank About MACC Venture Partners |
“The corporate culture between MACCVP and IBS, N.A. is synonymous in that we have remained consistent to our employees and investors throughout economic cycles by sticking to the fundamentals. This partnership delivers us a competitive edge in acquiring stable assets in high-barrier to entry markets IBS, N.A. Chairman and Chief Investment Officer Jason Jackson told reporters.”
Jody Blake |
http://www.ibsinvestmentbank.com |
954-889-5827 ext.804 |