Raising Equity in a COVID-19 World with Jay Soave and Matthew Burskey of Cadence Capital Partners LLC
In this episode, host Phil Coover is joined by Jay Soave and Matthew Burskey of Cadence Capital Partners LLC and Jay Augustyn of Ice Miller LLP. The Cadence team shares its approach to raising equity and placing debt for sponsors and developers to facilitate their real estate projects. Cadence employs a proprietary data-driven scoring system that evaluates and weighs deal vitals, demographics, trends and risk probability for its sponsor clients and capital sources. The discussion includes an insider’s look at how COVID-19 has impacted the retail and hospitality sectors and investments in Opportunity Zones. Jay Soave, Cadence Managing Principal Jay Soave in a Managing Principal at Cadence and leads the Chicago office with responsibility for sourcing debt and equity for all asset classes nationwide, focusing on the Northeast, Midwest and Southeast. Jay has structured, negotiated and closed sophisticated transactions for 16 years, representing over $15 billion in gross value. Before joining Cadence, Jay worked in Tishman Speyer for nine years as a Managing Director in the Transactional Tax Group based in New York. Before Tishman Speyer, Jay worked as an attorney in the Chicago offices of Skadden, Arps, Slate, Meagher & Flom, Kirkland & Ellis, and Baker & McKenzie where he represented clients in mergers and acquisitions, private equity transactions, restructurings, and fund formation. Matthew Burskey, Cadence Partner Matthew Burskey is a Partner at Cadence and is responsible for the firm’s directional strategy and sourcing equity for all asset classes nationwide. Matt has established himself as an expert in the art of opportunity zone capital raises, yet his experiences spans all aspects of the capital raise spectrum.Jay Augustyn is a Partner in Ice Miller’s Real Estate Practice. He represents clients in all manners of real estate transactions, including acquisitions and dispositions, financing, leasing and joint ventures. Jay also advises investors, developers and entrepreneurs in fund formation and investment matters with respect to the federal Opportunity Zone program and other federal, state and local programs to improve efficiency of project financing.For more information, visit the Cadence Capital Partners website: https://cadencerec.com/.