SAN DIEGO--()--Sovereign Capital Management Group, a San Diego-based real estate company, today announced the strategic buyout of Infinity Urban Century’s interest in Daymark Realty Advisors out of Santa Ana, CA.
“We are pleased with the progress made under the collaborative efforts with Infinity in stabilizing, improving and bringing capital resources to the Daymark portfolio in this difficult real estate environment”
Sovereign Capital originally partnered with the New York City-based investment affiliate of Infinity Real Estate to acquire Daymark Realty Advisors from Grubb & Ellis Company in August 2011, shortly before Grubb & Ellis filed for bankruptcy protection.
“We are pleased with the progress made under the collaborative efforts with Infinity in stabilizing, improving and bringing capital resources to the Daymark portfolio in this difficult real estate environment,” says Todd Mikles, CEO of Sovereign Capital Management Group. “From this process, Sovereign has provided solutions for owners of real estate with an immediate need for recapitalization. We are very excited to move forward with the next phase of our business plan as the sole owner of Daymark, working to further expand and grow the Sovereign Capital investment platform through a focus on value added real estate management,” he adds.
Daymark is one of the largest real estate asset management companies in the country, serving more than 5,200 clients and overseeing a nationwide portfolio of commercial property totaling approximately 22 million square feet including more than 7,700 multifamily units. More information regarding Daymark Realty Advisors and its portfolio can be found on its website at www.daymarkrealtyadvisors.com.
About Sovereign Capital Management Group, Inc.
Headquartered in San Diego, CA, Sovereign Capital Management Group, Inc. and it’s closely held affiliates have grown to include nationwide asset management, property management, advisory services, private equity syndications and various property holdings across the United States. For more information, visit www.sovcapital.com or contact Todd Kiehnau at firstname.lastname@example.org or (619) 294-8989.