643 Capital Management Announces Spin-Out from McKinley Partners

April 12, 2012

“643 Capital Management”, a private investment firm focused on debt and equity strategies in distressed real estate, announced it has left McKinley Partners. Former McKinley co-founder Gregor Watson is leading the newly formed entity.

Watson’s acquisitions team, which has a track record of acquiring over 500 homes, is joining as well.

643’s team of more than 40 staff members has invested over $100 million in distressed single-family homes, and the new firm will begin with over $100 million in assets under management.

Emilian Halloran, managing director, joins Watson and other distressed debt team members to focus on short-term loans and other high-yield debt opportunities. Principals of 643’s debt platform have managed over $1 billion in commercial, multi-family, and institutional scale single-family real estate financing across the country. The firm’s current debt fund covers 10 states with a focus on mid-size $2 million to $15 million loans.

Headquartered in the San Francisco Bay area, 643 Capital Management is a privately owned real estate investment, operating, and management firm focused on debt and equity investments throughout the Western part of the United States.

Read the full article on the DSnews.com website.

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