Apex Group has been appointed by real estate investment and asset management firm Midtown Capital Partners to provide fund administration services.
Midtown, which is based in Miami, Florida, focuses on acquiring properties in the office, retail, industrial, and multifamily markets.
Alongside its base in Miami, Midtown has offices in Spain and Colombia, with a portfolio that covers a wide range of properties, including more than 500 rental residential units.
In the past five years, the firm has executed more than $500 million in acquisitions as well as more than $200 million in acquisitions during the pandemic.
“We look forward to working with Apex as our fund administrator and have been impressed by the reactiveness of the Apex team and the efficiency of the company’s single-source solution,” said Alejandro Velez, CEO of Midtown Capital Partners.
“At Midtown, we strive to reduce complexity for our clients, and it is clear to us that Apex’s approach, underpinned by best-in-class technology will do the same for our business.”
This latest appointment to deliver fund administration services follows a string of mandates won by Apex over the past year.
Last month, Apex won two new fund administration mandates, firstly from real estate fund Masdar Green and then from the US Gold Opportunity Fund.
In between Apex Group’s frantic M&A activity this year, additional mandates won by Apex include agreements with Bee Alternatives, American Venture Partners, and Federation Asset Management.
“We are excited to support Midtown as they continue to expand their acquisitions portfolio,” said Jason Meklinsky, head of business development, Americas at Apex Group.
“Our single-source fund administration services, reinforced by our experienced team, will provide Midtown with efficient processes that will ease operational pressures, and allow them to continue to focus on maximising their results.”