Investment offering on North Village New Jersey-based private equity fund
Artist's rendering of the retail stores at the North Village at Sparta mixed-use development being constructed on Rt. 15.
Photo by Mandy Coriston
SPARTA — New Jersey based Hybrid Private Equity Fund 'MRA Capital Partners' has announced the successful closing of a brand new and exciting investment offering, after securing a partnership with US developer, WestView Real Estate Group. The partnership has secured MRA an opportunity for a stakeholder investment position in the highly anticipated North Village at Sparta development, on Route 15. Having announced the partnership deal, MRA is pleased to be providing investment opportunities to local residents, creating a range of opportunities to be part of the new community development, whilst benefiting from the planned significant growth in the area. Adam Anderson, CFP, CRPC Managing Partner of MRA Capital Partners commented: “Typically, these types of investments were only accessible to very large investors and institutions. MRA is levelling the investment field and providing an avenue for the average accredited investor, to directly participate in real estate development projects as limited partners - meaning investors receive the benefits of directly owning the property, without any of the liability risk.” With the development currently underway, North Village will be an 85-acre mixed-use development which will include a ShopRite, complementary lifestyle retail, sixty new rental apartments, a 70 unit assisted living facility operated by Chelsea Senior Living, 92 single family homes, 60 townhomes, and additional amenities to serve the new community. The single family home lots will be sold to and built by Ryan Homes – one of the nation’s leading US home builders. Mark Konarski, CEO of Westview Group commented: “North Village is an important addition to our portfolio as we continue to focus on unique and transformative opportunities. The concept behind the Village is to create a sense of community, while providing amenities and jobs for the residents of Sparta and surrounding townships.” With a brand mission of “Finding Opportunity and Delivering Results” a team with decades of fiduciary experience, MRA Capital Partners aims to provide an unrivalled level of customer service combined with a comprehensive range of alternative investments. The company believes North Village at Sparta is a showcase example of their capability to deliver exceptional results in private equity real estate investing. Investment committee member and Director of Business Development & Investor Relations, Andrew Fletcher commented: “We're both proud and confident to be associated with the North Village development and are searching for our next development project. We also offer a high yield asset backed short term loan fund that we expect to open to new accredited investors in August. These loans are secured by real estate and yield between 8% and 14%, which makes this portfolio pretty attractive to both growth and income investors.” For more information, please visit the official website at www.MRAcapitalpartners.com About MRA Capital Partners: MRA Capital Partners, LP is a Hybrid Private Equity Fund with the focus of delivering investment returns and income from strategic real estate investments and asset-based lending. The Fund seeks to provide long-term income with the potential for earning capital appreciation, offer a lower correlation to stocks and bonds thereby creating a potential inflation hedge.