Cannon Hill, TriPost team up to chase distressed office deals
Cannon Hill Capital Partners is doubling down on its office conviction, striking a partnership with TriPost Capital Partners to scoop up distressed assets across the Northeast corridor. The firms are aiming high, eyeing deal sizes above $50 million and have as much as $1.5 billion in buying power for office properties, non-performing loans and rescue capital, the Commercial Observer reported. The venture marks Cannon Hill’s first formal tie-up with TriPost. Cannon Hill — founded by Normandy and Columbia Property Trust alums Jeff Gronning, Melissa Donohoe and Eric Rubin — and TriPost plan to focus on New York, Boston and Washington, […]
This article originally appeared on The Real Deal. Click here to read the full story.
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