Miami-Based Private Equity Group Galium Capital Sells Parq 170 at City Center in Manassas Park, VA — PROFILE Miami
Galium Capital, LLC, a Miami-based private equity group, has announced the sale of Parq 170 at City Center in Manassas Park, VA. Parq 170 at City Center is a 291 unit multifamily property with an additional 43,700 square feet of ground floor retail. The property is located at 170 Market St. in Manassas Park, Virginia. The transaction closed on May 25, 2022.
“We are delighted to conclude another successful investment cycle, significantly surpassing our original projections and exceeding investor expectations. We believe in the strength of the multifamily market and will continue to source the highest-quality investment opportunities for our investors”, said Jacques Bessoudo, Galium Capital’s managing partner.
Galium Capital, LLC, is a Miami-based private equity group led by Jacques Bessoudo and Iser Rabinovitz. The company owns and manages a portfolio in excess of $600 million of commercial real estate assets across the multifamily, office, and retail sectors in major markets across the United States.
In November 2021 Galium Capital closed on Hanover Cross Street, a 299-unit institutional-grade multifamily apartment building in Baltimore, MD. Galium Capital has also been one of the most active buyers in the Houston, TX market over the last 2 years, having acquired over 1,100 residential units and 65K of retail square footage in prime locations throughout Houston’s Galleria submarket. In August Galium Capital closed on the 340-unit, LEED Gold-certified Millennium High Street for the group’s third acquisition in the Galleria-district after closing on on the 431-unit Tate Tanglewood in May 2021 and 361-unit, Fairmont on San Felipe in September 2020.
Galium Capital is a Miami-based private equity group that invests in and manages over $600 million of commercial property in major markets across the United States. Galium Capital’s portfolio comprises of multifamily, office, and retail assets across various major national markets. Galium Capital is led by Jacques Bessoudo and Iser Rabinovitz.
