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PHILADELPHIA–(BUSINESS WIRE)–Oct 29, 2019–
Peaceable Street Capital, a specialty finance company that provides preferred equity capital for small and mid-sized income-producing real estate in North America, today announced it has received a minority equity investment from Declaration Partners, the investment firm backed by the family office of David M. Rubenstein, Co-Founder of The Carlyle Group. Declaration’s investment will support Peaceable Street’s growth strategy and expand its client relationships. Financial terms of the transaction were not disclosed.
Since inception, Peaceable Street has provided financing for more than $775 million in real estate across various income-producing property types including multi-family, self-storage, retail, and RV park sectors in the United States and Canada.
Alan Goldfarb, Managing Partner of Orangewood Partners and Co-Founder of Peaceable Street Capital, said, “We are thrilled to have Declaration’s support as we continue to execute on our strategy and solidify our position as a differentiated capital solutions provider for real estate operators across North America. I have known David Rubenstein and the Declaration investment team for many years, and I am excited to work with them again.”
Todd Rich, Co-Founder and Head of Real Estate at Declaration Partners, said, “We are pleased to partner with Peaceable Street’s strong management team and fellow investors Orangewood Partners and SunBridge Capital. Peaceable has distinguished itself as a creative provider of equity capital to talented real estate operating sponsors.”
Dave Henry, Co-Founder of Peaceable Street, said, “We welcome the Declaration team as we continue to grow the business and our investment portfolio. Declaration has demonstrated expertise scaling […]