Carnegie Companies is pleased to announce a partnership with Weinberg Capital Group, a Cleveland based private equity investment and management company. WCG has a proven track record investing in well-positioned middle-market companies looking for additional capital and management expertise to enhance company financial performance and market position. Like Carnegie Companies, WCG also has experience investing in diversified real estate throughout the U.S.
Together, Carnegie and WCG will offer qualified investors a variety of opportunities to invest alongside proven owners and operators in value-add real estate offering attractive yields. Carnegie Companies will focus on sourcing and negotiating new acquisitions and will also manage the properties with our experienced in-house management team. WCG will raise equity, allowing individual investors a chance to invest together with these established companies.
Carnegie and WCG closed on our first targeted acquisition: a three property portfolio located in Greenville, MI, completed in March, 2016. WCG has recently completed the equity raise for this purchase. Carnegie looks forward to continuing this partnership for years to come.
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