Preston Hollow Capital Acquires Tax Increment Cashflows in Lakewood, Colorado
August 15, 2016 09:28 AM Eastern Daylight Time
DALLAS–(BUSINESS WIRE)–Preston Hollow Capital, an independent specialty finance company, announced today that it has completed the acquisition of an institutional seller’s rights to reimbursements from excess tax-based revenues of the Lakewood Reinvestment Authority, the urban renewal authority for the City of Lakewood, Colorado, and Plaza Metropolitan District No. 1, a quasi-municipal corporation and political subdivision of the State of Colorado operating within the City of Lakewood. Squire Patton Boggs served as counsel to Preston Hollow Capital.
“This transaction marks our fourth investment in tax increment backed opportunities totaling over $100 million in investments,” said Ramiro Albarran, Managing Director of Preston Hollow Capital. “Preston Hollow Capital is well-positioned to serve as a capital provider to other economic development projects nationally.”
About Preston Hollow Capital
Preston Hollow Capital is the leading solution provider in municipal finance. An independent specialty finance company with $625 million in committed equity capital from a diverse investor base comprised of institutional and family office investors, PHC differentiates itself with its ability to deliver capital with speed, certainty and flexibility. www.phcllc.com
Preston Hollow Capital
Greg May, 214-389-0835