Cottonwood Group and Shawmut have formed a new partnership targeted at high-yielding opportunities in the education sector.
Cottonwood believes its expertise in complex structured investments coupled with Shawmut’s respected construction platform will help the partners expand their portfolio in the education sector across the United States.
Alexander Shing, chairman and CEO of Cottonwood Group, said, “We are very excited to be forming this strategic partnership with Shawmut, which attests to Cottonwood’s focus on unlocking value in the academic sector for our capital partners. It will also provide an added level of certainty to execution on the Cottonwood platform’s ability to acquire, finance and develop any education related real estate properties nationally.”
Les Hiscoe, CEO of Shawmut, added, “Combining forces with Cottonwood is an exciting new value proposition for our client bases. This strategic alliance will allow us to deepen our collective real estate portfolio, as well as double down on delivering exceptional client service with precision, care, and best-in-class expertise.”
Collectively, the partnership will be able to offer investors turn-key solutions to education real estate investments, from sourcing, acquisition, financing, preconstruction, construction, fit-out, operations, and ultimately, disposition.
The partnership will be targeting opportunities in such primary markets as New York, Los Angeles, and Washington D.C., but with an initial focus on New England, and eventually expanding nationally.
Michael Schumacher, formerly senior vice president of development services at Cottonwood, has joined Shawmut as the New England Commercial Division Lead and will be charged with the development and growth of the sector.