Corten Real Estate

Corten Real Estate Principal and COO, Stefanie Langer, joined Mark Mangion, Head of Financial Crimes at Passthrough, as guests in the most recent episode of the Alternative Insight podcast hosted by Jo Earles and Sadrack Belony of the Aztec Group. The episode – FinCEN Rules: How to comply in time – discussed the implications of these new regulations and the key steps fund managers must take to be compliant. The new?rules taking effect in 2026 are strict and the costs of non-compliance penalties are high. Don’t be caught unprepared, let this podcast be your guide. ? An industry veteran, Ms. Langer is the Principal & COO of Corten Real Estate where she oversees investor relations, operations, IT and related compliance activities. She also contributes to the development of capital strategies. ? Corten Real Estate is a private investment management firm that targets middle-market structured debt, preferred equity and common equity investments in real estate assets located across the United States. Corten’s sector expertise and ability to invest up and down the capital stack allow it to provide tailored capital solutions to operating partners and other stakeholders looking to execute transitional business plans.

Corten Real Estate is proud to announce that it has successfully exited a preferred equity investment made by Corten Real Estate Fund I LP (“CREF I”) in the award-winning Sheraton Imperial Hotel Raleigh-Durham. The recently renovated property is a premier, full-service, 331-key hotel in the heart of the rapidly growing Research Triangle submarket, within miles of the Raleigh-Durham International Airport, and offers in excess of 30,000 square feet of function space.?In early 2021, CREF I provided $10.0 million of preferred equity to the owner, Imperial Hotel Group, to optimize the capital structure of the asset before the property underwent a comprehensive renovation to improve its competitive positioning in the marketplace following the pandemic. ? Corten is a dynamic real estate investor/operator that targets middle-market assets impacted by financial, operational or strategic pressures, creating unique capital solutions utilizing debt and equity through joint ventures and on a direct basis. The firm builds portfolios with the objective of delivering current cash flow and equity upside through all points in an economic cycle.?We step in when others step back.?For more information, email us at www.cortenrealestate.com

Happy Holidays from Corten Real Estate!

Happy Thanksgiving from Corten Real Estate!

Corten Real Estate Management LLC provided $19.6 million in two common equity multifamily investments over the last several weeks that consisted of a $9.1 million joint venture common equity investment in Park on Gilder Creek, a 1997/2001-vintage, 132-unit apartment community located in Greenville, SC. The investment served to both capitalize the acquisition and reposition the asset. Additionally, Corten provided a $10.5 million common equity investment to acquire The Gardens of Annapolis, a 106-unit active adult community located in Annapolis, MD. The investment will fund a renovation program focused on enhancing common areas, amenities and unit interiors. Both investments came from Corten Real Estate Fund II LP. For more information about this transaction or to learn about Corten, visit www.cortenrealestate.com.

Corten is actively recruiting for a Senior Associate to work out of its Philadelphia office in the next 45 days.

Happy Labor Day to our clients, partners, team members, and the communities we serve! On this special day, we reflect on our collective accomplishments and all that is possible with hard work and perseverance. We wish everyone a safe and relaxing holiday.

Corten is actively recruiting for an Accounting Manager to work out of its Philadelphia office in the next 45 days.

We are excited to announce the close of Corten Real Estate Fund II LP, in conjunction with a discretionary co-investment sidecar, with $283 million of combined commitments from a variety of investors, including public pension plans, Taft-Hartley plans, foundations, endowments and major family offices.?This exceeded the $250 million target for the Fund II vintage.?GCM anchored the fundraise and also capitalized 100% of the sidecar. Read more https://lnkd.in/gvUS8JFj

We are delighted to announce that Corten Real Estate, a U.S.-based real estate investment manager, has selected us as their new fund administration provider. ? Aztec Group Head of U.S. Real Assets Daniel Kalish says, “Corten’s decision to partner with Aztec is a strong endorsement of our award-winning real assets fund services.” ? Our team in Philadelphia is working with Corten to deliver ongoing #FundAdministration, financial reporting, and investor relations services. ? Corten Real Estate COO and CCO Stefanie Langer says, “Aztec’s proven track record in fund reporting and administration made the Group the ideal choice for supporting our next growth phase.” More ??