Cortland and Declaration Partners recapitalize 3700M with preferred equity

Dallas, Texas, United States

Cortland and Declaration Partners Real Estate invested preferred equity in 3700M through their joint venture, with Oxford Properties providing senior financing, to fund amenity upgrades and unit renovations. The announcements name the sponsor as Vero Capital, Dan Bassichis' New York firm and parent of the Vero Sade platform, rather than Vero Sade itself; earlier reporting (2022 to 2024) described Vero Sade as the owner. Terms were not disclosed.