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Convergence Capital Partners Forms Strategic Alliance with Braun, Inc.
SANTA MONICA, Calif.--(BUSINESS WIRE)--July 28, 2006--Convergence Capital Partners, LLC ("Convergence") has entered into a strategic alliance with Braun, Inc., a nationally-recognized valuations, auctions and acquisition services company, whose clients include major institutions and Fortune 500 corporations, such as GE Capital, Wells Fargo, Harris Bank and Prudential Realty. Braun conducts over $900 million of real estate valuations and sales annually for real estate of all types throughout the United States.
As part of the agreement with Convergence, Braun will assist with the markets and properties analysis, due diligence and acquisition process.
"Our partnership with Braun gives us a tremendous edge over the competition because of our ability to analyze real estate markets and assets nationally, so that we can provide our clients with the most liquidity available in the shortest time frame possible," said Convergence Founder and President Alexander B. Kasdan.
"This strategic alliance allows Braun to leverage our institutional knowledge of the real estate markets and, together with Convergence, build a dominant player in the middle market sale leaseback arena," said Todd Wohl, President on Braun, Inc.
Convergence Capital Partners, LLC is a private real estate investment firm headquartered in Santa Monica, CA, that invests in middle-market sale-leaseback real estate transactions and similar real estate opportunities nationally.
Convergence Capital Partners, LLC
Alex Kasdan, 310-453-4748
ak@cvgpartners.com
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