Tramview and Vanbarton Form Healthcare Real Estate Joint Venture – Acquire Property in Southwest Florida

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Community Eye Centers building

BEACHWOOD, OHIO (June 16, 2022) – Tramview Capital Management has teamed up with Vanbarton Healthcare Group, a newly formed operating division of New York City-based real estate investment manager Vanbarton Group LLC, in a joint venture targeting healthcare investments in select markets throughout the country.

Earlier this year, Vanbarton Group launched a healthcare division led by industry veterans Steve Leathers and Sean Leahy. Vanbarton Healthcare Group plans to acquire high quality medical office and specialty healthcare properties in growing markets throughout the US. With its healthcare joint venture partner Tramview Capital Management, the division is targeting approximately $100 million of healthcare investments in the coming quarters.

The venture’s first closing consists of two medical office buildings totaling approximately 19,000 square feet in Port Charlotte and Venice, Florida which are fully leased to one of the largest providers of eye care services in Southwest Florida.

The acquisition included the flagship location for Community Eye Centers located adjacent to two major acute care hospitals with over 500 beds in Port Charlotte, Florida. The second location in Venice, Florida is located on the Tamiami Trail Road, a major route along Western Florida with approximately 41,000 cars passing per day.  Each of these properties benefits from significant demographic tailwinds, with both above average population growth and a disproportionately high over 65 population who are large consumers of ophthalmic care.

“The recent Florida closings are indicative of Vanbarton Healthcare Group’s strategy of identifying overlooked pockets of value in an increasingly popular healthcare investment arena,” said company principal Steve Leathers. “Both properties offer steady cash flow with minimal landlord obligations coupled with attractive annual rental increases.”

The Vanbarton and Tramview joint venture will continue to seek similar opportunities in the healthcare real estate vertical in strong markets throughout the United States.

“The acquisition of these two well-located properties aligns with our strategy to aggregate well leased, quality medical office assets in U.S. markets with strong fundamentals,” said Rob Davies, Managing Partner of Tramview Capital Management. “Vanbarton has built a first-rate team, and we are thrilled to partner with them in executing this investment strategy.”

ABOUT TRAMVIEW CAPITAL MANAGEMENT:
Tramview Capital Management is a value-oriented real estate investment management firm focused on investing in institutional quality real estate in targeted growth markets across the U.S. Tramview was formed in 2020 and is currently investing its second comingled fund. Tramview leadership has overseen and managed approximately $5 billion of equity invested globally across all property types and throughout the capital stack on behalf of institutional clients (e.g. pension funds, sovereign wealth funds, endowments, foundations) and high net worth individuals. For more information, please visit www.tramview.com.

ABOUT VANBARTON GROUP:
Vanbarton Group, LLC, is a vertically integrated real estate investment manager for global institutional investors.  The New York-based firm has approximately 50 employees located in several offices throughout the country including New York, San Francisco and Seattle.  For more information visit vanbartongroup.com.

 

Karim Jiwani

Controller / Director of Operations

Karim Jiwani joined Tramview Capital Management in 2023 and is the Controller and Director of Operations, with responsibilities including financial and risk management, reporting, operations, and tax. Previously, he was at Carta, where he was an Assistant Fund Controller, with a focus on financial reporting and compliance, with managerial and client responsibilities for over 60 funds. Prior to joining Carta, Mr. Jiwani worked at Rock Ventures, where he was the Fund Controller with responsibility for the financial accuracy and reporting of over 40 funds. Mr. Jiwani started his career at KPMG, where he was a Senior Audit Associate, specializing in auditing private equity and venture funds ranging from approximately $50 million to $1+ billion in AUM. Mr. Jiwani received a Master of Accounting degree from the University of North Carolina (Kenan-Flagler Business School) and a Bachelor of Architecture degree from Southern Polytechnic State University. Mr. Jiwani is also a Certified Public Accountant.

Charles Myerson

Partner

Charles Myerson is a Partner at Tramview Capital Management, where he is responsible for sourcing, evaluating, structuring, and managing investments. Previously, he was a Senior Director at Tishman Speyer, where he focused on acquisitions for the greater NYC market and led the firm’s expansion into Pittsburgh. He also held responsibilities for asset management, development, and debt and equity capital markets. Prior to joining Tishman Speyer, Mr. Myerson worked for Silverpeak Real Estate Partners in Atlanta and London, focusing on the asset management, restructuring, and disposition of residential, hospitality, and office investments, in addition to portfolio level responsibilities. Mr. Myerson received an MBA from Columbia Business School, a BBA in Real Estate from the University of Georgia, from which he graduated Summa Cum Laude, and he is a CFA Charterholder.

Nicole Smeader

Sr. Vice President, Investor Relations

Nicole Smeader is a Senior Vice President at Tramview Capital Management with responsibility for developing and maintaining investor relationships. Previously, she was an Associate Partner at The Townsend Group, where she held multiple roles focusing on the firm's marketing and business development efforts, overseeing broker-dealer compliance, and relationship management for the firm's commingled fund clients. Prior to joining Townsend, Ms. Smeader was an Associate in the Investment Property Group at CBRE. Ms. Smeader received a JD from Case Western Reserve University School of Law, an MBA from The Weatherhead School of Management at Case Western Reserve University, and a BS from John Carroll University.

Josh Comiter

Vice President

Josh Comiter is a Vice President at Tramview Capital Management, which he joined in 2021. Josh focuses primarily on the evaluation, underwriting, and due diligence of new acquisitions, as well as the asset management of existing investments. Previously, he was a Senior Analyst at Starwood Property Trust (“Starwood”), where he focused on CMBS B-Piece Acquisitions as a member of the investment management team. Josh simultaneously worked out distressed debt within Starwood’s Special Servicer, LNR. Mr. Comiter was also a Rotational Analyst at Starwood Property Trust. Mr. Comiter received both an MSRE in Commercial Real Estate and a BABA in Urban Planning and Real Estate from the University of Florida.

Beau VandeWalle

Vice President

Beau VandeWalle joined Tramview Capital Management in 2021, where he serves as a Vice President, focusing primarily on the evaluation, underwriting, and due diligence of new acquisitions, as well as the asset management of existing investments. Previously, he was a member of the investment team at WHI Real Estate Partners, where he focused on opportunistic investments, spearheading asset management and investment management activities. Prior to joining WHI Real Estate Partners, Mr. VandeWalle was a Rotational Analyst at Starwood Property Trust. Mr. VandeWalle received a BBA in Finance and Real Estate from the University of Wisconsin-Madison.

Robert Davies

Managing Partner, Founder

Rob Davies is the Managing Partner of Tramview Capital Management, overseeing the firm’s investment activities, portfolio management, and overall strategy and operations. Previously, he was a Partner at The Townsend Group, where he was Head of the Special Situations Group, with responsibility for Townsend’s global direct real estate investment activities. In addition, Mr. Davies was a Portfolio Manager for several discretionary investment funds, totaling approximately $1.8 billion in equity commitments. Prior to joining The Townsend Group in 2011, Mr. Davies was a Vice President at ING Clarion Partners, where he focused on real estate investments in the Western U.S. Prior to, he worked for Discovery Land Company, where he focused on acquisition, project management, and finance activities. He also spent three years as an investment banker for ING Barings Furman Selz. He was a Director of SonomaWest Holdings from 2006 until the company was taken private in 2011. Mr. Davies received an AB degree in Economics from Duke University and an MBA from the Stanford Graduate School of Business.