JTC will handle fund administration duties for the fund, which is focused on hotel properties in major US markets
San Jose, CA. September 16, 2022 – JTC has entered into an agreement to provide fund administration services for Avistone’s Strategic Fund I. JTC will lend its industry-leading technology, data management, world-class service and expertise to the fund’s portfolio of investments.
Founded in 2013, Avistone is a commercial real estate investment firm specializing in the acquisition and operation of multi-tenant industrial and hotel properties. To date, Avistone has acquired and managed more than 4 million square feet of flex/industrial properties and more than 380 hotel rooms in California, Georgia, Ohio, Virginia, Texas, and Florida.
Avistone’s Strategic Fund I is focused on acquiring hotels in major leisure and business travel markets, with a specific eye on seasonality. Targeting a 3-5 year investment holding period, the fund currently has 3 hotels and a $50-$100 million target raise.
JTC Americas, the North American arm of worldwide financial services leader JTC, delivers purpose-built, scalable technology-driven solutions for private equity funds. Offering an award-winning investor portal with 24/7 access, customizable solutions, and a global reach, JTC enables funds of all sizes to achieve greater efficiency, reduced operational risk, and higher investor confidence.
“Avistone’s real estate focus and meticulous investment strategy make them perfect for JTC’s PE fund administration solution,” said Reid Thomas, Chief Revenue Officer and Managing Director of JTC Americas. “We’re ready to apply our industry-leading technology to improve investor relations and help their back-office functions run smoothly while they focus on finding quality properties and generating competitive returns.”
Read the Full Press Release Here.
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