Berkshire Global Advisors acted as financial advisor to Thorofare Capital

Seller Details:
Thorofare Capital, Inc. is a national, vertically integrated commercial real estate investment manager with a focus on direct commercial real estate lending services including commercial real estate loan origination and servicing. Headquartered in Los Angeles with additional offices in New York City, Miami and Dallas, Thorofare manages over $1 billion in AUM. The firm focuses on $10 million to $100 million financing transactions, targeting value-add and opportunistic acquisitions, recapitalizations, and distressed debt secured by transitional properties. Thorofare has originated over $3.3 billion in transactions since firm inception in 2010, across more than 12 property types throughout 32 states.

Buyer Details:
Callodine Group is an asset management platform specializing in yield-oriented investment strategies. The firm has the ability to invest across the capital structure in multiple asset classes and pursues income-oriented investments that provide high cash yields with the potential for equity-like upside. Callodine’s asset management subsidiaries target investment strategies across public equities, private credit and real estate on behalf of its investor clients.

Transaction Summary:
Thorofare will become the real estate arm of Callodine Group, with the full team of 23 employees continuing with the firm. Thorofare’s management team, investment committee and investment process will all remain intact, with Callodine providing strategic guidance and capital resources to the business.