WASHINGTON--(Business Wire)--
As the exclusive advisor to a large private equity real estate investment trust,
Petroleum Capital and Real Estate LLC (www.PetroCapRE.com) provided industry
related expertise in facilitating the acquisition of 57 locations from
ExxonMobil. The sites were located in Washington D.C. and Northern Virginia and
were purchased by Anacostia Petroleum Holding, LLC, and Mount Vernon Petroleum
Realty, LLC, two affiliated companies of Dag Petroleum, a large Shell and Exxon
jobbership, in June and August of 2009.
"We are excited that we could help facilitate this transaction," said John
Sartory Managing Director and principal of Petroleum Capital and Real Estate
LLC. "This was a rare opportunity for Dag Petroleum to acquire a large number of
premium real estate sites in downtown Washington, D.C. and the adjoining
communities of northern Virginia that have very high barriers to entry. The
strong real estate attributes, combined with the opportunity to partner with an
established and professional organization, immediately attracted our client to
this investment. Our client provided a creative mix of bridge, mezzanine and
private equity financing that was instrumental in successfully completing these
transactions with ExxonMobil."
In 2009, John C. Flippen, Jr. and John Sartory have helped clients close over
$250 million in retail acquisitions via Senior Lenders, Sale Lease Back,
Mezzanine and Private Equity. Petroleum Capital and Real Estate, LLC -
www.PetroCapRE.com - provides consulting, M&A and financial advisory services
for small to middle market clients exclusively in the retail petroleum industry.
The company also represents private equity groups that are willing to make
opportunistic investments with greater than 2x their original investment.
Petroleum Capital and Real Estate, LLC
John Sartory, 410-442-1100
Email: jsartory@PetroCapRE.com
Copyright Business Wire 2009
