Partners

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Westmont has partnerships with many major financial institutions and real estate investors including the following :

Citigroup Financial Products Plus Bt
Citigroup Financial Products is a subsidiary of Citigroup, the international financial conglomerate, with operations in consumer, corporate, and investment banking and insurance. Westmont and Citigroup have been involved in various hotel transactions worldwide since 2006.
Goldman Sachs' Whitehall Fund Plus Bt
Having commenced a relationship in North America in 1993, Westmont joined forces with Goldman Sachs' Whitehall Fund to start acquisitions in the distressed European market in 1995. Westmont and Goldman Sachs have partnered on numerous deals worldwide. The last major transaction was the acquisition of a UK listed hotel chain Queens Moat Houses in late 2004.
Grove International Partners Plus Bt
In 2001, Westmont Hospitality Group and a major American real estate investor formed a joint venture called Ishin Hotels Group KK, with funds managed by Grove International Partners. Ishin is a fully integrated hotel investment and management company, and has been involved in various hotel transactions across Japan.
InnVest REIT Plus Bt
InnVest REIT is Canada's largest hospitality REIT and encompasses around 145 hotels consisting of approximately 19,000 rooms. Its portfolio consists of a diverse range of hotel brands, such as Fairmont, Hilton, Holiday Inn, Comfort Inn and Travelodge. Westmont is a major shareholder and oversees the management of the hotels.
Kimco Realty Plus Bt
Kimco Realty Corporation, a real estate investment trust (REIT), owns and operates North America's largest portfolio of neighborhood and community shopping centers. Westmont and Kimco are partners in a number of hotels in the USA, Canada and Mexico.
Régime de Rentes du Mouvement Desjardins Plus Bt
Régime de Rentes du Mouvement Desjardins is a privately held Canadian pension plan. It manages approximatly $5 billions for the benefit of the employees of the Desjardins Group (Mouvement des Caisses Desjardins). Westmont and Desjardins have been involved in numerous hotel transactions worldwide since 2006.
SITQ - Caisse de Dépôt et Placement du Québec Plus Bt
In 2006, Westmont Hospitality and SITQ (formerly CADIM), a real estate subsidiary of the Caisse de dépôt et placement du Québec, created a real estate joint venture vehicule under the name of Westbridge Hospitality Fund. Since that time, the joint venture has been an active investor in international hotel real estate.
The Baupost Group Plus Bt
The Baupost Group is a private real estate investment fund based in Boston, USA. Baupost and Westmont have been involved in a number of projects in Europe and North America since 2003.
WestRiver Associates, LLC Plus Bt
WestRiver Associates, LLC is Westmont's wholly-owned debt investment vehicle and is the co-general partner and co-sponsor of WR Capital RE Finance Fund (MM), LP (Fund I). Fund I closed to investors in February 2011 with $188MM from 10 institutional investors. Fund I invested $165.6MM in 14 transactions prior to the end of the investment period in February 2014. Located in New York City, WestRiver is an extension of Westmont's asset and investment management businesses, which currently manage $2 billion of equity capital and over $10 billion of assets. For more information click hereWestRiver Capital Management
 
Contact information
Capital Raising and Portfolio Management
Michael Klingher
Senior Managing Director
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Originations and Asset Management
Jim Parmeter
Director
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Investor Relations
Anthony Messina
Managing Director, Investment Management and Client Relations
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Office
450 Park Avenue
Suite 1203
New York, NY 10022
+1 212 247 5333
WestRiver Associates, LLC
 
WestRiver has an experienced management team with significant experience in the CMBS and subordinate debt sectors at major institutions including, Goldman Sachs, BlackRock, and Wachovia. WestRiver is targeting small balance subordinate investments, including subordinate interests in mortgage loans, mezzanine loans, and preferred equity interests. Criteria for new investments include:
 
CollateralPerforming assets with underwriteable cashflows
Property typesOffice, retail, multi-family, hospitality, industrial, mixed use, senior housing, medical office and student housing
GeographyWithin the United States
IndicesFixed or floating rate
Returns9% - 13% coupons, based on the leverage level and risk profile of the transaction
Maximum LeverageUp to 85% LTV/LTC
Term3 and 5 years
Investment Size$3 million up to $10 million per transaction
SituationsAcquisitions, refinancing, DPO financing, gap capital, financial restructurings and secondary sales
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