Phoenix American enters new partnership with real estate firm
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Phoenix American enters new partnership with real estate firm 03 February 2020San Rafael Reporter: Maddie Saghir
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Phoenix American Financial Services has partnered with the real estate firm One Wall Partners (OneWall).
The partnership will see Phoenix support OneWall with its new fund accounting services platform.
Meanwhile, OneWall is set to benefit from Phoenix American’s combination of technology, focus on customer service and experience with the operational requirements of real estate investment funds.
According to Phoenix, the growing sophistication of alternative real estate funds and the increased regulatory compliance they require means that advanced operational solutions are critical to the success of today’s fund sponsors.
Nate Kline, CIO and principal of OneWall, stated: “OneWall recently launched fundraising for our $50 million Nova Appian Preferred Income Fund I to continue expanding our workforce housing portfolio in the northeast.”
“Phoenix will support us with a specialised, high quality fund administration platform at a great value. We are happy to be partnering with them as we enter our next phase of growth,” Kline added.
Andrew Constantin, senior vice president, operations for Phoenix American, commented: “OneWall’s track record and unique investment approach make them an ideal partner for Phoenix. We look forward to working with them.”
This follows Phoenix’s recent partnership with Forum Partners, a global real estate investment and asset management firm.
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