Cadence Capital Partners and MRXE Capital Markets Complete Merger
DENVER – Commercial real estate veterans Michael Bennett and Jay Soave have merged their firms, creating a team with 40 years of combined experience in originating and executing real estate capital markets transactions to form Cadence Capital Partners. The newly merged company – which brought together Mr. Bennett’s MRXE Capital Markets and Cadence Capital Partners, led by Mr. Soave – now operates solely under the Cadence name. It leverages the expertise of the pair and their growing team, gleaned from such leading global commercial real estate firms as HFF, Tishman Speyer, Cushman Wakefield, Newmark and Inland.
Headquartered in Chicago, Cadence also has an office in Denver, located at 1553 Platte Street, Ste 303.
Cadence Capital Partners combines the two firms’ specialties – MRXE’s ability to satisfy the requirements of commercial real estate developers in need of equity, debt and investment sales services, and Cadence’s equity platform and capital provider network – creating a complementary solution for all commercial real estate segments. The merger was completed in October.
Cadence Capital Partners’ main objective is to connect capital users to capital providers, solving a real estate sponsor’s most vexing task – raising capital, particularly equity. By leveraging Cadence’s robust and ever-growing roster of capital providers, their clients can focus on their true passion: acquiring and developing quality real estate.
“Jay and I are thrilled to announce the marriage of two great companies – MRXE Capital Markets and Cadence Capital Partners,” says Michael Bennett, managing principal. “Our differentiator is our focus on ‘equity first,’ our strong relationships across the real estate classes, and our ever-growing database of capital sources, namely family offices and ‘under-the-radar’ investors.”
“With our strong client relationships and wealth of experience in the equity and debt capital space, we quickly realized Cadence Capital Partners could make a great difference in the dynamic and changing world of commercial real estate,” says Jay Soave, managing principal. “The decision to merge our two companies’ brands and platforms makes great sense for helping our clients achieve their loftiest goals without the frustration, time waste and anxiety that can go along with raising capital.”
Throughout their careers, Cadence Capital Partners team members have completed more than 325 capital markets transactions in 42 states. Significant transactions since the company’s inception include $270 million in limited partner capital and construction financing for a mixed-use project, a $160 million in joint venture equity for a medical office building (MOB) portfolio, a $17 million refinancing, and multiple LP, pref and mezz deals under $10 million.