SF Firm JMA Ventures Purchases Five Buildings From American Nevada Company
LAS VEGAS, July 9, 2018 (Newswire.com) - San Francisco-based JMA Ventures LLC ("JMA") announced today that it recently closed on the purchase of five class A&B office buildings totaling approximately 271,000 square feet in the Green Valley portion of Henderson, Nevada, from American Nevada Company (“ANC”).
The transaction represents the fourth acquisition by JMA in the greater Las Vegas market over the last few years and reflects JMA’s continued belief in the long-term growth prospects for Las Vegas and Nevada in general.
“We continue to believe that markets like Las Vegas and Reno, Nevada, offer an increasingly appealing option for businesses and employers looking for more affordable and high-quality-of-life communities in which to grow their businesses. Be it the boutique Aloft Hotel we are developing in Reno or the portfolio of market-leading office assets we are purchasing in Henderson, we believe investing in Nevada is a smart decision given its attractive economic climate and unrivaled lifestyle offerings,” said Todd Chapman, president of JMA Ventures.
“We are excited to have closed on this acquisition and would like to thank Phil Ralston, Jon Arens, Charles VanGeel, Darbie Adams and the entire ANC team for a seamless transaction and their continued assistance with the portfolio.”
JMA acquired the Henderson office portfolio with Chicago-based Blue Vista Capital Management.
JMA is a full-service investment and development firm focusing on real estate and leisure-lifestyle assets. JMA works on every project scope from concept and entitlement through completion and operation. Founded in 1986 and based in San Francisco, JMA has focused on delivering superior risk-adjusted returns to its investors while providing quality products and improving the communities and environments in which the firm conducts its business. The company’s portfolio includes landmark properties that span hospitality, resort, destination, residential, retail, office and commercial developments.
Blue Vista Capital Management (“Blue Vista” or “BVCM”) was founded in 2002 in Chicago with a mission to co-invest with successful investors and developers of all real property types across the U.S. and select international markets. To date, Blue Vista has participated in direct investments and joint ventures representing $7.5 billion in total capitalization. The firm has raised in excess of $2 billion in equity through four closed-end funds, two separate accounts and one joint venture relationship. The firm's clients include one of the world's largest university endowments, the fourth-largest sovereign wealth fund and several state pension funds, six of the largest insurance companies in the world and large family offices. The transaction represents Blue Vista’s first joint venture with JMA.
To learn more about JMA Ventures, please visit http://jmaventuresllc.com/.
Source: JMA Ventures LLC