Tate Capital, Rok Acquisitions and The Related Group acquired the Note A position of the first mortgage secured by the OMNI Center and Hilton Downtown, a large mixed use property, located in Miami, Florida. The Tate/Rok/Related partnership secured a $75 million debt component from an institutional lender to acquire the Note A asset. The Omni property is located in the downtown neighborhood of Miami and consists of approximately 1.5 million square feet of office, hotel (an existing 527-room Hilton), vacant retail space, a 2,700 space parking garage and rights to develop 5,000 residential units. About 4 months after closing on Note A, an affiliate of The Genting Group purchased the junior Note B position and exercised their option to buy Note A at par value.

1501-1701 Biscayne Blvd Miami, FL
Property Type
Mixed Use
Year Built
Square Footage
1,500,000 sqft.
527-Room Hilton Hotel, Miami Art Institute, GSA
Acquisition Type
Senior Note A
Acquisition Date
May 2011
Disposition Date

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