Jordan Knauff & Company Raises Equity Capital for BH Companies

Des Moines, Iowa-based BH Companies has closed on $7.8 million in equity capital commitments for the BH New Opportunity Fund 2014, LP. Middle-market investment bank Jordan Knauff & Company (JKC) served as financial advisor to BH Companies throughout the process.

BH Companies was founded in 1993 by Mr. Harry Bookey to acquire, improve, and manage residential apartment communities located in select geographies in the U.S. Since its founding, BH Companies has achieved notable and sustainable success such that it now includes a family of affiliated entities consisting of BH Equities, LLC; BH Management Services, LLC; and BH Construction. Acting as a collaborative unit, the entities collectively employ 1,200 people, and own and manage approximately 56,000 rental apartment units in 21 states, making BH Companies the fifth largest private multifamily property manager in the United States.

In addition to the sizeable and geographically diverse portfolio of apartment communities in which they share ownership and currently manage, the BH entities have financed, acquired, rehabilitated, and successfully sold approximately 92 multifamily apartment communities to date.

Mr. G. Cook Jordan, Jr., Managing Principal of JKC, said of the equity raise, “Investment opportunities in the multifamily sector continue to be favorable as demand is increasing and supply is flat. Institutions, investment funds, high net worth individuals, and family offices are seeking to partner with experienced operators in multifamily investments and JKC has built an established network of these investors to serve the needs of our clients.”

When a middle-market enterprise seeks financing and requires a flexible capital structure, JKC can deliver a successful outcome. The firm has had notable success raising debt and equity capital from our network of banks, mezzanine lenders, financial institutions, private equity groups, wealth managers, family offices, and high net worth investors for a variety of industries, including energy distribution, flow control, and real estate. JKC has been recognized with a number of financing industry awards, including the 2010 International Financing Deal of the Year in the Energy Sector, and as a finalist for the 2014 Equity Financing Deal of the Year.

About Jordan Knauff & Company

Jordan Knauff & Company is a knowledgeable and experienced provider of a comprehensive line of investment banking services to private companies. Services include mergers and acquisitions advisory, capital formation, and strategic financial advisory services to companies in a variety of industries. Typical transaction sizes range from $10 million to $300 million in total consideration.

To learn more about Jordan Knauff & Company, please visit www.jordanknauff.com or contact Mr. G. Cook Jordan, Jr. at cj@jordanknauff.com or 312-254-5901.