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| FOR IMMEDIATE RELEASE |
Contacts: David Maruca or |
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Doug Anacreonte |
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(813) 318-9444 |
| September 19, 2007 |
dmaruca@atlanticamericanpartners.com |
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danacreonte@atlanticamericanpartners.com |
ATLANTIC AMERICAN CAPITAL ADVISORS ANNOUNCES
FIRST CLOSING ON COMMUNITY REINVESTMENT PARTNERS II, L.P.
Tampa, Florida. Atlantic American Capital Advisors, LLC (AACA) is pleased to
announce it has completed a first closing on Community Reinvestment Partners
II, L.P. (CRP II). AACA raised $64.75 million for the first closing, which
was completed on September 19, 2007.
CRP II is a joint venture between Forge Capital Partners, LLC and DeBartolo Development,
LLC. The Fund is seeking to raise up to $150 million of private capital and
will use this capital to acquire, develop, renovate, and reposition retail
real estate located in low-to-moderate income census tracts throughout the Southeast
United States. Investors in the first closing included banks and pension
funds.
About Atlantic American Capital Advisors
Atlantic American Capital Advisors, LLC (AACA) is a NASD licensed broker established
in 2000 to assist public and private middle market companies in a wide range
of investment banking transactions including mergers and acquisitions, primary/secondary
offerings, management and leveraged buyouts, capital formation, as well as
institutional placements. AACA offers a unique blend of value-added services,
resources, and capabilities that very few firms can provide. The Company’s success
is attributed to the strong investment banking and operating experiences of
its professionals, a solid knowledge of valuation drivers and transaction structures,
and extensive relationships with lender, strategic buyers, and financial sponsors.
This expertise allows AACA to complete traditional transactions, as well as
specialize in difficult and non-traditional transactions and financing structures.
AACA is an NASD-registered broker dealer and member SIPC. Visit AACA online at www.atlanticamericanpartners.com.
101 E. Kennedy Blvd. • Suite 3300 • Tampa, FL 33602-5812 •
Phone: 813-318-9444 • Fax: 813-314-9504
www.atlanticamericanpartners.com
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