AIC Ventures Adds Associate to Growing Midwest Acquisition Team
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- Plans to Acquire $100 Million in Commercial Real Estate - AUSTIN, Texas--(Business Wire)-- Austin, TX-based AIC Ventures, L.P. is pleased to announce that Cassidy David has joined the Acquisitions team as Associate - Acquisitions. Ms. David will assist with the firm`s efforts to acquire industrial and office properties in the Midwestern part of the United States. AIC Ventures has completed just under $100 million of transactions in the Midwest in the last 12 months, with an additional $100 million in discretionary capital targeted for the region for the next year. Ms. David joins AIC`s Chicago office with three years of practice in commercial real estate law at Schiff Hardin LLP after graduating from Harvard Law School. "We are pleased to have someone of Cassidy`s caliber joining our Midwest team," said David Steinwedell, managing partner of acquisitions, AIC Ventures. "AIC has strong acquisition goals for the upcoming year and we expect that Cassidy will help us achieve and exceed those expectations." AIC acquires commercial real estate that is strategic to a business`s operations and enters into a long-term lease with the company to provide ongoing operating stability. The capital infusion strengthens companies` balance sheets, helps pay down more expensive debt, funds growth initiatives and supports other strategic activities. With fewer restrictions and requirements compared to more traditional financing options, AIC Ventures offers sellers flexible capital that can be redeployed without interference. AIC has remained active in providing liquidity to businesses in today`s environment where alternative sources of capital have become difficult to find. The firm evaluates all opportunities quickly and provides rapid feedback to prospective sellers regarding the viability of a sale transaction. About AIC Ventures, L.P. AIC is an investment fund manager that provides alternative finance solutions to middle-market companies across the U.S. through industrial and office sale leaseback transactions. The firm invests in properties occupied by both investment and sub-investment grade tenant companies. AIC has completed 110 transactions totaling $896 million, with $250 million of acquisitions in the last year alone. The firm, founded in 1990, and has over 19 years of experience bringing liquidity to middle market clients and focuses on integrity, rapid execution and value. For more information, visit www.aicventures.com. AIC Ventures, L.P. David Steinwedell, 512-382-8923 Managing Partner, Acquisitions davidsteinwedell@aicventures.com Copyright Business Wire 2009
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