Kingsett Capital invests $200M in Anthem Properties Group

Anthem Properties Group Ltd. has completed $200 million in new funding from KingSett Capital, on behalf of its KingSett Real Estate Growth Fund LP No 6.

The innovative eight-year facility, which was custom-structured to fit with Anthem’s business objectives, will be used to retire shorter term debt and provide significant liquidity to fund the continued growth of Anthem’s business.

“This is a significant milestone for Anthem,” said Eric Carlson, Anthem’s Core Founder and CEO. “We are excited that the new funding provides Anthem with a stronger balance sheet and enhanced financial capacity, and ensures we are able to continue to execute on our growth strategy.”

Over the last several years, Anthem has made substantial investments in its diversified real estate portfolio in BC, Alberta and Northern California. The strength in North American real estate markets over the last several years, including the dramatic price appreciation in the Greater Vancouver market has driven large increases in the value of Anthem’s portfolio. This value has enabled Anthem to create additional liquidity in partnership with KingSett.

“KingSett and Anthem have worked together for many years on various projects which has fostered a strong working relationship between our two organizations. We have partnered with Anthem as both a debt and equity provider,” said Jon Love, CEO of KingSett. “We are pleased to continue to enhance the existing relationship and help Anthem grow its business thoughtfully and effectively over the coming years.”

Founded in 1991 by Eric Carlson, Anthem Properties Group Ltd. is a real estate development company focused on investment, development and management of commercial and residential properties.

With a team of 375 people, Anthem and Anthem United have invested in, developed or managed – alone or in partnership – more than 200 residential, commercial and retail projects with an aggregate value of approximately $5 billion. Its growing residential portfolio includes more than 11,000 homes that are complete, in design or currently under construction, from master planned mixed- use residential and multi- family, to townhome and single- family communities.

Anthem owns, co-owns and manages 4.4 million square feet of retail, industrial, residential rental and office space across Western North America, and between Anthem and Anthem United, currently owns over 5,000 acres of land across Western North America.

photo credit: Anthem

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal and CanadaMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, the most sophisticated and advanced all private capital and public market financing database.