NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Axxcess Capital Ventures and American Colonial Capital, LLC, a Delaware Limited Liability Company, (ACC) announced that they have signed an agreement for Axxcess to source acquisition and development capital for ACC’s Institutional investments, Delaware Statutory Trusts (DST’s) and private non-traded REITs.
American Colonial Capital’s ACC Fund I is a $200 million private equity fund focused on real estate investment in the domestic commercial, multifamily, hospitality, senior/ student housing sectors. American Colonial Capital is located in Palm Desert, California.
Since 2003, Eli Spiro, Tim Snodgrass and David Levine, executives and upper management at Axxcess, have helped raise over $2BB in equity for a variety of real estate, corporate equity and investment banking projects.
Shahvand Aryana, chairman of ACC, said that the company “spoke to several potential partners, and Axxcess was the best fit for several reasons - leadership, experience, capital sourcing and asset management capabilities.”
“We are very impressed with the qualifications and experience of American Colonial Capital’s management team, and are committed to help raise capital for all of their projects,” commented Mr. Snodgrass, President of Axxcess Capital, “and we already have expressed interest from our initial presentations to several of our institutional groups, including Goldman Sachs. We have also initiated processes to raise capital through our retail Broker Dealer network.”
American Colonial Capital, LLC is a private equity real estate firm located in Palm Desert, California. The company invests in and develops real properties for its own account. ACC also participates in joint ventures and provides strategic advice to clients on complex real estate transactions through its affiliates, sponsors and advisors. For further information, please visit www.accfund.com.