Jordan Knauff & Company Raises Equity Capital for BH Companies for Fourth Consecutive Year
Des Moines, Iowa-based BH Companies (BH), the fourth largest private multifamily property owner and manager in the United States, has closed on $21.7 million in equity capital for the BH New Opportunity Fund 2017, L.P. Middle-market investment bank Jordan Knauff & Company (JKC) served as financial advisor to BH throughout the process. This is the fourth consecutive year that JKC has assisted BH in raising equity capital for their New Opportunity funds.
BH 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 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 1,850 people, and own and manage more than 110 communities in 21 states while managing approximately 75,000 rental apartment units.
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 250 multifamily apartment communities to date.
Mr. G. Cook Jordan, Jr., Co-founder and Managing Principal of JKC, said of the equity raise, “Investment opportunities in the multifamily sector continue to be favorable as the growth in renters continued to outpace the growth in home owners last year. Despite a softening of some rental markets last year, New York and San Francisco in particular, there is yet little indication that increases in supply are outstripping demand. 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 assist them in achieving 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 logistics and distribution, flow control and real estate. JKC has been recognized with a number of financing industry awards, including the 2018, 2017 and 2016 Capital Raising Advisory of the Year by ACQ5 (Acquisition Finance Magazine), 2016 Best Equity Capital Raising Transaction by Wealth & Finance International magazine, 2015 Best Start-up Direct Investment by Wealth & Finance International magazine, and the 2010 International Financing Deal of the Year in the Energy Sector by The Mergers & Acquisitions Advisor.
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, debt and equity 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.
Mr. G. Cook Jordan, Jr. has over 30 years of private equity and investment banking experience, and seven years of executive and operations experience in middle-market companies. JKC’s entire professional team have spent their careers in the middle-market and offer that expertise and knowledge to our clients. It is their mission to provide the best transaction advisory support services along with in-depth industry research to middle-market companies and the entrepreneurs that lead them.
Equity Capital Raise