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Owners of $5 Billion Tower Bersama Weigh Stake Sale


Owners of $5 Billion Tower Bersama Weigh Stake Sale
Elffie Chew, Bloomberg News
A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6. Photographer: Dimas Ardian/Bloomberg
, Bloomberg
(Bloomberg) The two largest shareholders of PT Tower Bersama Infrastructure are exploring the potential sale of the Jakarta-listed telecommunications company, according to people with knowledge of the matter.
Private equity firm Provident Capital Indonesia and a subsidiary of investment company PT Saratoga Investama Sedaya have asked banks for proposals on a possible transaction for their stakes, said the people, who asked not to be identified as details are private. ....

Indonesia , Jakarta , Jakarta-raya , Saratoga-investama-sedaya , Wahana-anugerah-sejahtera , Edwin-soeryadjaya , Hardi-wijaya-liong , Bloomberg , Saratoga-group , Bersama-infrastructure , Provident-capital-indonesia , Investama-sedaya

Cultivate Ventures joins Advisory Board at Saratoga Group


Cultivate Ventures joins Advisory Board at Saratoga Group
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AUBURN, Calif., June 3, 2021 /PRNewswire/ Saratoga Group has announced the recent addition of Cultivate Ventures to their advisory board.
Cultivate Ventures, advised by the Strategic Innovation Group, brings over a decade of experience investing in alternative funds and investments specifically targeting industrial and real estate assets from inefficiently performing markets. With Strategic Innovation Group, Cultivate Ventures brings nationwide experience of investing in and managing Qualified Opportunity Zone businesses, funds, and assets.
A Cultivate Ventures managed fund CVCOF-II made a strategic investment into Saratoga Group s latest Manufactured Housing Fund, Saratoga MHP Fund VII. ....

Sam-hales , Caesar-layton , Gemma-hales , Strategic-innovation-group , Housing-fund , Saratoga-group , Prnewswire-saratoga-group , Cultivate-ventures , Qualified-opportunity-zone , Manufactured-housing-fund , Opportunity-zone-funds , Mobile-home-communities

Saratoga Group looks to remake Mason City's Gracious Estates


Come this March, Heather Winters will have lived in Mason City s Gracious Estates for four years.
A number of abandoned and deteriorating mobile homes can be seen throughout the Gracious Estates residential community, many within feet of occupied residences.
Lisa Grouette
That time hasn t always been easy.
Winters, a 51-year-old health care worker, said that in that time she s worried about everything from road conditions to water quality in the mobile home community on the west end of town.
(My) husband was in the hospital for 23 days, Winters said. It was a blood infection but they don’t know where it came from. I had my water tested and it had E. coli. To me that is disgusting. ....

California , United-states , Mason-city , Iowa , Saratoga , Ben-bellus , Thomas-friestad , Van-steenhuyse , Steve-sacher , Jared-mcnett , Walmart , Development-services-steven-van-steenhuyse

Saratoga Group hires Steve Sacher


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AUBURN, Calif., Dec. 15, 2020 /PRNewswire/  Saratoga Group has announced the recent addition of Steve Sacher as COO to their executive team. 
Steve was previously a VP and Director of Operations at Monte Christo Communities.  His career in the MH space started at Cascade Community Management where he began as a Regional Manager and quickly moved into leadership and operational roles.
I am grateful and excited to have Steve join our team, says Saratoga s Founder and CEO Sam Hales.  His abundance mentality and genuine concern about creating real community made him such a natural fit. ....

Tennessee , United-states , Saratoga , Sam-hales , Steve-sacher , Cascade-community-management , Saratoga-group , Monte-christo , Regional-manager , Becky-smallwood , Luke-hales , Mobile-home-communities