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Pacific Avenue Capital Partners, LLC Announces Addition of New Operating Partner, David Kreilein


Pacific Avenue Capital Partners, LLC Announces Addition of New Operating Partner, David Kreilein
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LOS ANGELES, May 6, 2021 /PRNewswire/  Pacific Avenue Capital Partners, LLC ( Pacific Avenue ), a Los Angeles-based private investment firm focused on complex situations in the lower middle market, announced the addition of David Kreilein as a new Operating Partner.
In his role, David will assist with acquisition due diligence to ensure that an attractive and executable value creation plan is in place for each investment.  Additionally, David will work with Pacific Avenue s portfolio companies to ensure that the management teams have the appropriate resources to be successful and that the operational strategies and tactics are being effectively implemented. Prior to Joining Pacific Avenue, David served as an Operating Partner of various middle market private investment funds and also as CEO, COO and CFO of n ....

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Tampa investment firm acquires Mobile apartment complex for $33 million


Tampa investment firm acquires Mobile apartment complex for $33 million
Updated 12:10 PM;
A west Mobile apartment community has been acquired from a Tampa investment firm for a little over $33 million.
Morrison Avenue Capital Partners and its affiliate acquired Timber Ridge, located at 6700 Wall St. in Mobile, for $33.35 million, according to the Birmingham Business Journal. The cost per unit is over $100,000.
The property was most recently acquired in 2012 by an affiliate of Cottonwood Residential, out of Salt Lake City, Utah. Nine years ago, the community was acquired for more than $23 million and around $75,000 per unit, according to the publication.
“Timber Ridge is in a great submarket in West Mobile which has shown a lot of resiliency and growth over the past year,” Jimmy Adams of the Birmingham office of Cushman & Wakefield said in a prepared statement. ....

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