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Joint Venture Transactions

Bid Summary

Last Updated: March 29, 2024

SIG RCRS C MF 2023 Venture LLC
Date Sold: December 15, 2023

Bidder RC/RS Pool 4 Bid $ RC/RS Pool 5 Bid $ RC/RS Pool 6 Bid $ RC/RS Pool 4 & 5 Linked Bid $ RC/RS Pool 4 & 6 Linked Bid $ RC/RS Pool 5 & 6 Linked Bid $ All Pools - 4, 5, & 6 Linked Pool Bid $ Structure Leverage
Winning Bid: Sig-23 Private Owner LLC (Community Preservation Corporation)             129,263,835 LLC, 5% equity N/A
Cover Bid:                  
Other Bid: 52,829,135             LLC, 5% equity N/A
Other Bid: 47,813,761             LLC, 5% equity N/A
Other Bid: 42,569,275             LLC, 5% equity N/A
Other Bid: 35,107,970             LLC, 5% equity N/A
Other Bid: 27,500,000             LLC, 5% equity N/A
Other Bid: 38,563,492             LLC, 5% equity N/A
Other Bid: 32,767,438             LLC, 5% equity N/A
Other Bid: 39,974,986             LLC, 5% equity N/A
Other Bid:   18,818,178           LLC, 5% equity N/A
Other Bid:   16,630,233           LLC, 5% equity N/A
Other Bid:   18,255,604           LLC, 5% equity N/A
Other Bid:   18,912,832           LLC, 5% equity N/A
Other Bid:   16,956,316           LLC, 5% equity N/A
Other Bid:   20,200,000           LLC, 5% equity N/A
Other Bid:   18,700,368           LLC, 5% equity N/A
Other Bid:   15,650,000           LLC, 5% equity N/A
Other Bid:     73,317,331         LLC, 5% equity N/A
Other Bid:     92,888,114         LLC, 5% equity N/A
Other Bid:     77,282,418         LLC, 5% equity N/A
Other Bid:     62,122,624         LLC, 5% equity N/A
Other Bid:     65,080,862         LLC, 5% equity N/A
Other Bid:     67,749,904         LLC, 5% equity N/A
Other Bid:       57,480,649        LLC, 5% equity N/A
Other Bid:       78,689,172       LLC, 5% equity N/A
Other Bid:       82,551,650       LLC, 5% equity N/A
Other Bid:       67,390,750       LLC, 5% equity N/A
Other Bid:       51,729,923       LLC, 5% equity N/A
Other Bid:       59,568,887       LLC, 5% equity N/A
Other Bid:       50,489,177       LLC, 5% equity N/A
Other Bid:         112,003,648     LLC, 5% equity N/A
Other Bid:         148,346,105     LLC, 5% equity N/A
Other Bid:         146,688,400     LLC, 5% equity N/A
Other Bid:         98,156,599     LLC, 5% equity N/A
Other Bid:           92,111,663   LLC, 5% equity N/A
Other Bid:           116,221,572   LLC, 5% equity N/A
Other Bid:           114,278,500   LLC, 5% equity N/A
Other Bid:           78,487,295   LLC, 5% equity N/A
Other Bid:           75,620,000   LLC, 5% equity N/A
Other Bid:             130,797,980 LLC, 5% equity N/A
Other Bid:             174,465,353 LLC, 5% equity N/A
Other Bid:             172,810,100 LLC, 5% equity N/A
Other Bid:             117,617,092 LLC, 5% equity N/A
Other Bid:             111,080,000 LLC, 5% equity N/A
Other Bid:             43,649,276 LLC, 5% equity N/A

Other Bidder Names:

CIM Fund IX AIV-2, L.P. (CIM Group)
Community Preservation Corporation
Enterprise Community Investment, Inc.
ICP SIGCRE-23 BUYER (InterVest)
Kushner Realty Acquisition LLC
Lubert-Adler REC Master Fund AB, L.P.
Meadow Real Estate Fund VI LP
Northlight Capital Partners LLC
OSPAM, LLC (O’Brien-Staley Partners)
PalmTree Loan Acquisition Vehicle, LLC (Sabal)
Pennybacker VI, LP
Rithm Capital Corp.
Slate Asset Management Holdings (US) L.P.

Notes:

  • The Other Bidder Names are in alphabetical order and may include the winning bidder name and cover bidder name if Other Bids were received. The Other Bids are in the order in which they were ranked after evaluation in accordance with the applicable requirements of 12 U.S.C. 1821(d)(13)(E) by individual pool/linked pools, and include Other Bids received from the winning bidder and cover bidder, if any. There is no linkage between bidder names and bids, except in the case of the winning bid.
  • The cover bid and cover bidder name will be disclosed one year after the transaction closed per the bid disclosure policy.
  • There are more bids than bidders because one or more bidders submitted bids on individual pools and/or linked pools.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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