Charlotte, N.C.-based AllBridge Investments says it has successfully completed the sale of its majority equity stake in Helix Financial Group LLC (Helix) to BlackRock Inc. The sale of its ownership in the boutique commercial real estate consulting and technology firm concludes AllBridge's 18-month investment in the firm.
‘This transaction provides Helix's management team and their credit analytics and underwriting products new avenues for growth under Blackrock's leadership, while allowing us to increase our focus on our central business of analyzing and structuring investments in real estate properties, collateralized mortgage backed securities, and other real estate-related investments," comments Larry Brown, managing partner with AllBridge.
SOURCE: Allbridge Investments
