SAN JOSE, Calif. (PRWEB) September 16, 2022
JTC has entered into an agreement to provide fund administration services for Avistone’s Strategic Fund I. JTC will lend its industry-leading technology, data management, world-class service and expertise to the fund’s portfolio of investments.
Founded in 2013, Avistone is a commercial real estate investment firm specializing in the acquisition and operation of multi-tenant industrial and hotel properties. To date, Avistone has acquired and managed more than 4 million square feet of flex/industrial properties and more than 380 hotel rooms in California, Georgia, Ohio, Virginia, Texas, and Florida.
Avistone’s Strategic Fund I is focused on acquiring hotels in major leisure and business travel markets, with a specific eye on seasonality. Targeting a 3-5 year investment holding period, the fund currently has 3 hotels and a $50-$100 million target raise.
JTC Americas, the North American arm of worldwide financial services leader JTC, delivers purpose-built, scalable technology-driven solutions for private equity funds. Offering an award-winning investor portal with 24/7 access, customizable solutions, and a global reach, JTC enables funds of all sizes to achieve greater efficiency, reduced operational risk, and higher investor confidence.
Prior to working with JTC, Avistone had performed all fund accounting functions in-house, resulting in massive Excel spreadsheets to keep track of hundreds of investors and a lot of lost time and resources. Thanks to JTC’s data-first aggregation methods that employ artificial intelligence to integrate data faster, Avistone can focus on the project level while leaving accounting functions to JTC’s experts.
“By improving our management of data, JTC is allowing us to put more focus on the project level,” said Richard Kent, President of Avistone. “Relying on their accounting and administrative expertise will help us provide a better experience for our investors.”
“Avistone’s real estate focus and meticulous investment strategy make them perfect for JTC’s PE fund administration solution,” said Reid Thomas, Chief Revenue Officer and Managing Director of JTC Americas. “We’re ready to apply our industry-leading technology to improve investor relations and help their back-office functions run smoothly while they focus on finding quality properties and generating competitive returns.”
To learn more about JTC Americas’ Private Equity fund administration solution, please visit jtcamericas.com/private-equity.
About JTC Americas
JTC Americas is the North American division of JTC Group, a publicly listed, global professional services business with over 1,300 employees across 30 offices and a 34-year track record providing fund, corporate and private client services. Every JTC employee is an owner of the business, and this cultural element helps align our corporate interests with those of our stakeholders.
JTC Americas is the industry leader in Specialty Financial Administration, providing purpose-built solutions to markets characterized by high administrative and regulatory complexity, elevated transaction security needs, and challenging compliance requirements. This includes tax-advantaged investments (1031 Exchange, Delaware Statutory Trust), impact & ESG (EB-5, Opportunity Zones), and alternative investments in the U.S. and abroad (AIFM, ManCo, fund of funds). Combining these specialized, technology-based solutions with JTC Group’s global reach, JTC Americas provides an unprecedented level of support and scalability for clients of all sizes.
To learn more, visit JTCAmericas.com.
Share article on social media or email:
View article via:
Questions about a news article you’ve read?
Reach out to the author: contact and available social following information is listed in the top-right of all news releases.
Questions about your PRWeb account or interested in learning more about our news services?
Call PRWeb:1-866-640-6397
©Copyright 1997-2015, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
About Author
