{"id":71008,"date":"2019-08-22T13:42:00","date_gmt":"2019-08-22T17:39:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-joint-venture-between-monarch-alternative-capital-and-taconic-capital-advisors-acquires-warehouse-portfolio-in-san-juan-puerto-rico\/"},"modified":"2019-08-22T13:45:02","modified_gmt":"2019-08-22T17:45:02","slug":"alianza-entre-monarch-alternative-capital-y-taconic-capital-advisors-adquiere-portafolio-de-almacenes-en-san-juan-puerto-rico","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/alianza-entre-monarch-alternative-capital-y-taconic-capital-advisors-adquiere-portafolio-de-almacenes-en-san-juan-puerto-rico\/","title":{"rendered":"Joint Venture between Monarch Alternative Capital and Taconic Capital Advisors Acquires Warehouse Portfolio in San Juan, Puerto Rico"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">SAN JUAN, Puerto Rico<\/span>, <span class=\"xn-chron\">Aug. 22, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0A joint venture formed by Taconic Capital Advisors LP and Monarch Alternative Capital LP has announced the formation of the Puerto Rico Industrial Solutions and Management (&#8220;PRISM&#8221;) platform in connection with its acquisition of a 2,200,000 square foot portfolio of industrial and logistics warehouse properties in the <span class=\"xn-location\">San Juan, Puerto Rico<\/span> metropolitan area.\u00a0 This portfolio of warehouses is believed to be the largest single assemblage of such assets under private ownership in <span class=\"xn-location\">Puerto Rico<\/span>. The platform will be operated by a newly formed dedicated property management firm led by <span class=\"xn-person\">Ryan Christiansen<\/span> as Chief Executive Officer and <span class=\"xn-person\">Hector del Rio Jr.<\/span> as Chief Operating Officer. The principals, both of whom are <span class=\"xn-location\">San Juan<\/span> residents, have formed a <span class=\"xn-location\">Puerto Rico<\/span>-based team to provide tenant-centric management to the PRISM platform. The transaction and subsequent expenditures will aggregate to nearly <span class=\"xn-money\">$200 million<\/span> of gross asset value.<\/p>\n<p>&#8220;These warehouses comprise a critical portion of the logistics infrastructure for many of <span class=\"xn-location\">Puerto Rico&#8217;s<\/span> most important companies and we look forward to executing on our mission of providing upgraded assets and exceptional service to our tenants. Hector and I are proud to lead this effort, and in doing so, develop a premier industrial real estate manager in <span class=\"xn-location\">Puerto Rico<\/span>,&#8221; said <span class=\"xn-person\">Ryan Christiansen<\/span>.<\/p>\n<p>&#8220;Monarch has a long history of investing in real estate and other assets in <span class=\"xn-location\">Puerto Rico<\/span> and the formation of the PRISM platform is a continuation of our firm&#8217;s commitment to, and conviction in, the Island&#8217;s economic recovery. We look forward to working with Ryan, Hector, and our partners at Taconic to build a best in class solution for tenants and creating value for all stakeholders,&#8221; said <span class=\"xn-person\">Adam Sklar<\/span>, Managing Principal, Monarch Alternative Capital.<\/p>\n<p>&#8220;For Taconic, the PRISM investment is a testament to our confidence in the Island&#8217;s continued recovery following Hurricane Maria and long term economic prospects. We are excited to partner with Monarch as well as Ryan and Hector to improve these extremely well-located assets and provide high-quality services that will attract existing and new-to-market tenancy.&#8221; said <span class=\"xn-person\">Eric Sitman<\/span>, Director, Taconic Capital Advisors.<\/p>\n<p>Puerto Rico Fiscal Agency and Financial Authority Executive Director, <span class=\"xn-person\">Omar Marrero, Esq.<\/span>, added that &#8220;this investment represents a strong commitment from serious investors who continue to identify opportunities that will contribute to job creation and economic activity on the Island.\u00a0 <span class=\"xn-location\">Puerto Rico<\/span> represents a tremendous opportunity for investors who believe in our future and in the capabilities of our people.\u00a0 We welcome this important investment, which confirms, once more, that <span class=\"xn-location\">Puerto Rico<\/span> is open for business.&#8221;<\/p>\n<p>For more information about PRISM, please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2559460-1&amp;h=4103867107&amp;u=http%3A%2F%2Fprindustrial.com%2F&amp;a=http%3A%2F%2Fprindustrial.com%2F\" rel=\"nofollow\">http:\/\/prindustrial.com\/<\/a>. For any inquiries, please contact:<\/p>\n<p>Carretera #5, Km. 27.4<br \/>Barrio Palmas<br \/>Cata\u00f1o P.R. 00962<br \/>(787) 778-7000<br \/><a target=\"_blank\" href=\"mailto:info@prindustrial.com\" rel=\"nofollow\">info@prindustrial.com<\/a><\/p>\n<p><b><u>About Taconic Capital Advisors<\/u><\/b><\/p>\n<p>Taconic Capital Advisors L.P. is a global institutional investment firm founded in 1999 by former Goldman Sachs partners <span class=\"xn-person\">Frank Brosens<\/span> and <span class=\"xn-person\">Ken Brody<\/span>. Taconic pursues an event-driven, multi-strategy investment approach dedicated to generating strong risk-adjusted returns with an emphasis on capital preservation. The firm has offices in <span class=\"xn-location\">New York<\/span>, <span class=\"xn-location\">London<\/span> and <span class=\"xn-location\">Hong Kong<\/span> with 40 investment professionals, including 9 investing principals who average 14 years of investment experience at Taconic and 78 business function professionals across legal\/compliance, finance, operations, technology and investor relations.<\/p>\n<p>Taconic&#8217;s commercial real estate business is managed by <span class=\"xn-person\">James Jordan<\/span> and <span class=\"xn-person\">Jon Jachman<\/span> and focuses on sourcing value-add opportunities through non-traditional, off-market processes. Leveraging its diverse network of relationships with CMBS special servicers, lenders and local operating partners, Taconic seeks to generate attractive risk-adjusted returns through the strategic repositioning and re-introduction of well-located real estate assets.<\/p>\n<p>For more information about Taconic, please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2559460-1&amp;h=4103910760&amp;u=https%3A%2F%2Fwww.taconiccap.com%2F&amp;a=https%3A%2F%2Fwww.taconiccap.com%2F\" rel=\"nofollow\">https:\/\/www.taconiccap.com\/<\/a>.<\/p>\n<p><b><u>About Monarch Alternative Capital LP<\/u><\/b><\/p>\n<p>Monarch Alternative Capital LP is a global investment firm founded in 2002 with approximately\u00a0$5 billion\u00a0in assets under management.\u00a0 Monarch focuses primarily on opportunistic credit and distressed situations across corporate debt, real estate, special situations, and other parts of the credit markets.\u00a0 Monarch has invested over <span class=\"xn-money\">$40 billion<\/span> in the asset class while maintaining a consistent and repeatable approach.\u00a0 While disciplined in approach, Monarch&#8217;s dynamic sourcing enables the firm to capitalize on overlooked and niche areas on a global basis.\u00a0 Monarch draws on the skills and experience of 69 employees, including 23 investment professionals, across its offices in <span class=\"xn-location\">New York<\/span> and <span class=\"xn-location\">London<\/span>.<\/p>\n<p>Monarch has a long and successful history of investing in opportunistic real estate focused on areas that leverage Monarch&#8217;s core tenets.\u00a0 In addition to significant internal resources, Monarch has substantial relationships with operating partners and advisors that it works with to help create value.<\/p>\n<p>For more information about Monarch, please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2559460-1&amp;h=3187639161&amp;u=http%3A%2F%2Fwww.monarchlp.com%2F&amp;a=http%3A%2F%2Fwww.monarchlp.com%2F\" rel=\"nofollow\">http:\/\/www.monarchlp.com\/<\/a>.<\/p>\n<p>PRISM Media Contact:<br \/><span class=\"xn-person\">Edison R. Misla<\/span>, MBA<br \/><a target=\"_blank\" href=\"mailto:edison@newsmakerspr.com\" rel=\"nofollow\">edison@newsmakerspr.com<\/a> | (787) 536-4320<\/p>\n<p>SOURCE  PRISM<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">SAN JUAN, Puerto Rico<\/span>, <span class=\"xn-chron\">Aug. 22, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0A joint venture formed by Taconic Capital Advisors LP and Monarch Alternative Capital LP has announced the formation of the Puerto Rico Industrial Solutions and Management (&#8220;PRISM&#8221;) platform in connection with its acquisition of a 2,200,000 square foot portfolio of industrial and logistics warehouse properties in the <span class=\"xn-location\">San Juan, Puerto Rico<\/span> metropolitan area.\u00a0 This portfolio of warehouses is believed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-71008","post","type-post","status-publish","format-standard","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/71008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=71008"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/71008\/revisions"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=71008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=71008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=71008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}