Peaceable Street Capital, a Philadelphia, PA-based specialty finance company that provides preferred equity capital for small and mid-sized income-producing real estate in North America, received a minority equity investment from Declaration Partners.
The amount of the deal was not disclosed.
The investment will support Peaceable Street’s growth strategy and expand its client relationships.
Founded in 2016 by Orangewood Partners, Peaceable Street Capital is a specialty finance platform focused on small and mid-sized income producing real estate in the United States and Canada.
Led by David Henry, former CEO of Kimco Realty Corporation (“Kimco”), and Fred Kurz, former General Manager of preferred equity investments at Kimco, PSC targets preferred equity investments ranging from $1-$20 million per transaction across a broad range of income producing real estate assets, including multi-family, office, self-storage, industrial, retail, mobile home parks, RV parks, parking, health care and hotels.
Since inception, he firm has provided financing for more than $775 million in real estate across various income-producing property types including multi-family, self-storage, retail, and RV park sectors in the United States and Canada.
Peaceable Street previously received a strategic investment from SunBridge Capital, the investment firm led by the Bainum family, in December 2016 and entered into a managed account relationship with a $23 billion AUM insurance company in 2017.
Declaration Partners is the investment firm backed by the family office of David M. Rubenstein, Co-Founder of The Carlyle Group.