EJF

EJF Capital Hires John Murray and Derrick Preuss as Managing Directors

Retrieved on: 
Wednesday, April 3, 2024
Asset Management, Professional Services, Business, Finance, Entrepreneurship, Georgetown University, Merrill (company), EJF, Executive officer, Business development, Capital, University, Portfolio management, Morgan Stanley, Partner, Arlington Asset Investment, Security (finance)

EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced that John W. Murray and Derrick G. Preuss have joined the firm as Managing Directors.

Key Points: 
  • EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced that John W. Murray and Derrick G. Preuss have joined the firm as Managing Directors.
  • Mr. Preuss will work on EJF’s Business Development team, where he will be responsible for building relationships with existing and prospective investors.
  • Neal J. Wilson, Co-Founder and Co-Chief Executive Officer of EJF, said, “We are thrilled to welcome John and Derrick to EJF, whose combined decades of financial services expertise will meaningfully enhance our business development and portfolio management capabilities.
  • Mr. Preuss brings nearly two decades of financial services experience and expertise to EJF.

EJF Capital Raises Approximately $104 Million for EJF Ventures Fund

Retrieved on: 
Wednesday, September 20, 2023
Software, Banking, Entrepreneur, Professional Services, Blockchain, Fintech, Start-Up, Payments, Consumer, Technology, Data Analytics, Finance, EJF, Entrepreneurship, Risk management, Small business, Acquisition, Fund, Capital, Cryptocurrency

EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced the successful closing of EJF Ventures Fund LP (“EJF Ventures” or the “Fund”) with approximately $104 million in capital commitments.

Key Points: 
  • EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced the successful closing of EJF Ventures Fund LP (“EJF Ventures” or the “Fund”) with approximately $104 million in capital commitments.
  • The Fund received support from both new and existing EJF investors.
  • EJF Ventures seeks to invest in early-stage financial technology companies developing products poised for broad adoption across the financial services industry, with a particular emphasis on blockchain infrastructure, bank technology, and wealth management and capital markets software.
  • Neal J. Wilson, Co-Founder and Co-Chief Executive Officer of EJF, said, “The mission of EJF Ventures is to back leading entrepreneurs reshaping and modernizing the existing financial system and global commerce.

EJF Capital Raises Approximately $167 Million for Second Opportunity Zone Fund

Retrieved on: 
Thursday, August 3, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, Consulting, Real estate development, Industrialisation, EJF, TCJA, Investment, Capital, RIAS, Fund, Real estate, Commercial property, Opportunity zone

EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced the successful closing of its second Opportunity Zone investment fund, EJF OpZone Fund II (the “Fund”) with approximately $167 million in investor subscriptions and commitments.

Key Points: 
  • EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced the successful closing of its second Opportunity Zone investment fund, EJF OpZone Fund II (the “Fund”) with approximately $167 million in investor subscriptions and commitments.
  • The Fund received support from both new and existing EJF investors including high-net-worth individuals, Registered Investment Advisors (RIAs), broker dealers, and a leading private bank.
  • The Fund will build upon the investment strategy of EJF OpZone Fund I, which seeks to invest in ground-up multifamily housing and industrial development projects located in “Qualified Opportunity Zones” as defined under the federal Tax Cut and Jobs Act of 2017 (TCJA).
  • The strategy aims to capitalize on the tax benefits offered under the TCJA for investing in lower income census tracts designated as Opportunity Zones.

Toll Brothers Apartment Living® and EJF Capital Break Ground on Henri in Downtown Phoenix, Ariz.

Retrieved on: 
Monday, July 31, 2023
Heart, Banq, Real estate development, Toll Brothers, EV, Senior, EJF, I-17, Student, Canvas, Restaurant, City National Bank, Central Avenue Corridor, Architecture, NYSE, Real estate, Interior design, J. H. Haverly, Callia, Phoenix

PHOENIX, July 31, 2023 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living® , the rental division of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, and EJF Capital have announced a joint venture to develop Henri in downtown Phoenix, Ariz.

Key Points: 
  • PHOENIX, July 31, 2023 (GLOBE NEWSWIRE) -- Toll Brothers Apartment Living® , the rental division of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, and EJF Capital have announced a joint venture to develop Henri in downtown Phoenix, Ariz.
  • Construction on Henri began in July 2023 and is anticipated to be completed with first residency in 2025.
  • “We are delighted to once again partner with EJF Capital to develop a spectacular luxury apartment community in vibrant downtown Phoenix,” said John McCullough, President of Toll Brothers Apartment Living.
  • Canvas , a Toll Brothers Campus Living® community in Tempe, opened to students in 2021 and was subsequently sold in 2023.

EJF Capital and North Signal Capital Refinance RiverPort Building 4 at the RiverPort Commerce Park Near the Port of Savannah, GA

Retrieved on: 
Thursday, July 27, 2023
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, Real estate development, I-95, Tax Cuts and Jobs Act of 2017, Port of Savannah, EJF, Port, Opportunity zone, I-16, Capital, Tax, Project, United, United States $1 Coin Act of 1997, Commercial property, Warehouse

EJF Capital LLC (“EJF Capital”) and joint venture partner North Signal Capital LLC (“North Signal”) today announced the successful close of a permanent financing agreement with MetLife Investment Management for RiverPort 4, a warehouse facility that is part of RiverPort Commerce Park (“the Project”), a 510-acre industrial park near Savannah, Georgia.

Key Points: 
  • EJF Capital LLC (“EJF Capital”) and joint venture partner North Signal Capital LLC (“North Signal”) today announced the successful close of a permanent financing agreement with MetLife Investment Management for RiverPort 4, a warehouse facility that is part of RiverPort Commerce Park (“the Project”), a 510-acre industrial park near Savannah, Georgia.
  • Completed in December 2022 and situated on 21 acres within RiverPort Commerce Park, RiverPort 4 is a Class A, 208,168-square-foot distribution warehouse facility that is 100 percent leased to two tenants.
  • The Project includes three more state-of-the-art distribution warehouses, RiverPort 5, 6, and 7, totaling another 1.3 million square feet currently under construction.
  • To date, EJF Capital and North Signal have completed and fully leased four distribution warehouses within RiverPort Commerce Park totaling 1.3 million square feet.

EJF Capital and Rocade LLC Raise Approximately $470 Million for Credit-focused Litigation Finance Platform

Retrieved on: 
Tuesday, July 18, 2023
Asset Management, Professional Services, Finance, EJF, Entrepreneurship, Growth, Capital, Barings LLC, Cryptocurrency, Castling

EJF Capital LLC (“EJF Capital”), a global alternative asset management firm, today announced the successful close of its fourth installment of litigation finance investment vehicles, Rocade Capital Fund IV LP and Rocade Capital Offshore Fund IV LP (the “Funds”) with approximately $220 million in investor subscriptions and commitments.

Key Points: 
  • EJF Capital LLC (“EJF Capital”), a global alternative asset management firm, today announced the successful close of its fourth installment of litigation finance investment vehicles, Rocade Capital Fund IV LP and Rocade Capital Offshore Fund IV LP (the “Funds”) with approximately $220 million in investor subscriptions and commitments.
  • Previously, EJF Capital and funds affiliated with Barings LLC, one of the world’s leading investment managers, formed a joint venture specialty finance company, Rocade LLC (“Rocade”), with $250 million of committed capital designed to invest alongside the Funds.
  • The combined capital commitments raised across Rocade and the Funds totals approximately $470 million.
  • Headquartered in the Washington, D.C. area, Rocade provides flexible law firm financing solutions, with facilities ranging in size from $10 million to over $100 million secured by contingent fees receivable or other litigation assets.

EJF Capital and the NRP Group Close $61M Construction Loan for Hyattsville, Maryland Multifamily Development

Retrieved on: 
Tuesday, June 27, 2023
Other Construction & Property, Residential Building & Real Estate, Urban Planning, Construction & Property, Real estate development, Capital Beltway, University, Senior, EJF, Airport, College Park, Development, Walking, Baltimore–Washington Parkway, First National Bank, Capital, Tax, Project, Flagstar Bank, NRP, Real estate, Commercial property, Cryptocurrency, D.C

EJF Capital LLC (“EJF”) and The NRP Group (“NRP”) today announced the closing of a $61 million construction loan led by First National Bank to develop a 361-unit multifamily community in Hyattsville, Maryland (the “Project”).

Key Points: 
  • EJF Capital LLC (“EJF”) and The NRP Group (“NRP”) today announced the closing of a $61 million construction loan led by First National Bank to develop a 361-unit multifamily community in Hyattsville, Maryland (the “Project”).
  • The Project is expected to deliver in the third quarter of 2025.
  • Over the past decade, Greater Hyattsville has emerged as an affordable multifamily submarket of Washington, D.C. with substantial retail options within walking distance of city center.
  • We are incredibly proud to be starting our third project in Prince George's County to continue our mission of creating the highest-quality multifamily communities that NRP is known for.”

EJF Capital and North Signal Capital Close $75 Million in Construction Financing for Warehouses at RiverPort Commerce Park in Opportunity Zone

Retrieved on: 
Tuesday, February 14, 2023
Commercial Building & Real Estate, Construction & Property, Finance, Asset Management, Building Systems, Professional Services, Urban Planning, Other Construction & Property, Port, OZK, Partner, Tax Cuts and Jobs Act of 2017, Real estate development, EJF, GA, Capital, Commerce, LED, United, Tax, Building, Bank OZK, Bank, Keystone Opportunity Zone, I-16, Warehouse

To date, the venture between EJF and North Signal has completed and fully leased four distribution warehouses at RiverPort totaling 1.3 million square feet and serving nine tenants.

Key Points: 
  • To date, the venture between EJF and North Signal has completed and fully leased four distribution warehouses at RiverPort totaling 1.3 million square feet and serving nine tenants.
  • The new construction will result in three new state-of-the-art buildings—Building 5, Building 6, and Building 7—with a combined 1.3 million square feet of additional warehouse space.
  • Building 5 is a 127,000 square-foot rear-load building that is expected to be completed in the third quarter of 2023.
  • “This large-scale Class A industrial development will further strengthen RiverPort Commerce Park’s position as a regional distribution hub given its convenience and accessibility.”

Strategic Risk Associates (SRA) Raises $12M in Series B Funding Led by EJF Capital, JAM FINTOP and FINTOP Capital

Retrieved on: 
Tuesday, November 29, 2022
Growth, EJF, History, Financial technology, Risk, Financial services, Associate, Financial institution, Digital asset, Success, Software as a service, Watchtower, JAM, Risk management, SRA, Bank, Insurance

This round of funding was co-led by EJF Capital (EJF), through its affiliate the EJF Silvergate Ventures fund, JAM FINTOP, and FINTOP Capital, with participation by longtime SRA customer Atlantic Union Bankshares Corporation, and other existing investors.

Key Points: 
  • This round of funding was co-led by EJF Capital (EJF), through its affiliate the EJF Silvergate Ventures fund, JAM FINTOP, and FINTOP Capital, with participation by longtime SRA customer Atlantic Union Bankshares Corporation, and other existing investors.
  • JAM FINTOP and FINTOP Capital believe SRA is uniquely positioned to become the leader in enabling banks to compliantly offer next-generation banking services, adds Joe Maxwell, Managing Partner of FINTOP Capital.
  • Strategic Risk Associates (SRA) is a SaaS technology solutions provider supported by a risk and compliance consulting practice serving the Financial Services, Insurance, and Technology industries.
  • They bring strong networks, experience and capital to entrepreneurs building B2B service-enabled SaaS and software companies in the FinTech space.

Delta Discussed its Coral Restoration Initiative, High Temperature-tolerant Coral Genes and Blue Carbon Topics with World-class Experts in the Action Hub of the COP27 Blue Zone

Retrieved on: 
Friday, November 18, 2022
Carbon, Environmental Justice Foundation, Renewable energy, Ecosystem, Automation, ICT, Ecology, Conference, NFT, Dow Jones, Climate change, Blue Zone, EV, Partnership, POGO, DJSI, Delta Electronics, United Nations Framework Convention on Climate Change, Observation, National Museum of Marine Biology and Aquarium, RD, Biophysical environment, FAB, COP27, Research, EJF, Biodiversity, Electronics, CDP, Conference of the Parties, Marine biology, Seaweed, Asia University, Delta

High temperature-tolerant coral genes and blue carbon ecosystems were also part of the event discussion, which overall received enthusiastic responses from international opinion leaders.

Key Points: 
  • High temperature-tolerant coral genes and blue carbon ecosystems were also part of the event discussion, which overall received enthusiastic responses from international opinion leaders.
  • Different from the traditional conferences, Action Hub is held in a semi-open space in the Blue Zone to allow participants to participate freely.
  • Meanwhile, the Delta Electronics Foundation set up a booth in the Blue Zone during COP27 to display coral restoration equipment, which also facilitated the exchange of ideas with several international climate advocates.
  • Over the years, Delta has been recognized by numerous international awards that have proven our achievements in operations, innovation, and sustainability.