Mission Peak Capital Acquires Stake in Mount Street US
PR88933
KANSAS CITY, Mo., April 10, 2021 /PRNewswire=KYODO JBN/ --
-- Investment firm intends to accelerate US primary and special servicing
business
Mission Peak Capital (MPC) ( https://missionpeakcapital.com ), a US-based real
estate investment company founded on the concept of smart growth through real
estate cycles, announces today a significant financial investment in the US
operations of global servicing company, Mount Street Group (
https://mountstreetgroup.com/ ). Mount Street is the largest third-party loan
servicer in Europe, where it oversees over $95B of credit services, and seeks
to grow its US presence while providing more customized, bespoke servicing by
leveraging Mission Peak Capital's deep understanding of commercial real estate
cycles. Together, the companies are positioned to lead the industry in
high-touch servicing combined with the most holistic perspective of a
commercial real estate investment's lifecycle.
"Our investment in Mount Street is a direct result of our recognition that
commercial real estate is evolving and continues to be deeply impacted by
changing global trends," stated Wit Solberg, Principal and Founder of Mission
Peak Capital. "Investors are seeking yield and purchasing increasingly
complicated investment vehicles further up the credit curve which will require
an experienced servicing partner. This partnership will not only benefit
investors with more customized solutions--lenders and borrowers will all gain
advantage from a servicing provider that truly understands real estate from an
asset level to ensure success."
"This joint venture will enable our global clients to have further reach in US
capital markets," noted Ravi Joseph, Founder, Managing Partner and CEO of Mount
Street. "We see this is an advantageous partnership that will position our
international brand as a truly differentiated, bespoke solution with an
all-encompassing offering unmatched by other competitors. Too often, firms are
hired to service loans without direct knowledge of the actual product: the
property itself. The MPC/Mount Street joint venture has 'on-the-ground,'
first-hand expertise with global real estate assets and operations to deliver
the utmost value to clients."
MPC is intrinsically involved in every aspect of CRE including loan
origination, bond servicing, B-piece bond investing, equity ownership and
property management. MPC's portfolio of investments and expertise creates a
differentiated CRE servicing platform, one known for matching opportunities
that align with the current real estate market cycle. Mount Street launched US
operations in 2017 and currently oversees $12B in assets under management
(AUM).
This partnership will expand beyond its Atlanta and New York offices and add up
to 20 new, seasoned servicing and asset management professionals in Atlanta and
its new office in Kansas City.
For more information about Mission Peak Capital's investment in Mount Street,
visit its website, missionpeakcapital.com.
About Mission Peak Capital
Mission Peak Capital (MPC) is a real estate investment company founded on the
concept of smart growth through real estate cycles. Founded in 2008, the
company is forward-thinking and ever-evolving, having grown from its roots in
CMBS bond advisory to a fully integrated commercial real estate (CRE) platform
encompassing debt, equity, servicing and property management. At MPC, a
customized approach to commercial real estate enhances a dynamic portfolio of
real estate investments.
About Mount Street Group
Mount Street is an independent business that has grown rapidly since being
founded in 2013 and now has a global footprint that offers unparalleled service
to its clients. Globally, Mount Street oversees $95B of credit products with a
team of more than 150 professionals in 10 offices. Having launched US
operations in 2017, Mount Street US currently oversees $12B in assets under
management (AUM). As the largest third-party CRE servicer in Europe and a
global leader across the credit asset-backed and structured finance markets in
Europe, Australia and the United States, Mount Street was awarded CRE Servicer
of the Year in 2016, 2017, 2018 and 2019 by the readers of Real Estate Capital
and is the European market leader in CMBS servicing. Mount Street provides
services across the front, middle and back-office to our clients throughout the
loan lifecycle, with market leading expertise, a trusted team of professionals
and a proprietary technology system driving service excellence.
SOURCE Mission Peak Capital
CONTACT: Media Contact: Hope Wheeler, Hope@Collins-Company.com, 202-302-2906
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