AION recently acquired in the Phoenix are a multifamily complex in a $11.5 million off-market transaction originated by the AION team. Renovations are already underway.
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AION recently acquired a prime DC area multifamily complex in a $93 million off-market transaction originated by the AION team. The property was immediately rebranded as Cityside Huntington Metro and a $9.5 million renovation is already underway.
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AION's 196 unit class A residential property recently received top honors and industry-wide recognition.
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AION Partners is leading a $6 million renovation of 1200 New Hampshire Avenue, N.W.
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On February 17, 2010, Managing Director of Aion Partners, Michael Betancourt sat down with Greg Clarkin of Thompson Reuters to discuss Aion's investment strategy and outlook on commercial real estate for 2010. Click Here to View the Online Interview

In the last 12 months, AION Partners, a real estate private equity company, has successfully executed its business strategy of purchasing a portfolio of eight loan-to-own assets in opportunistic markets throughout the Sunbelt with a value in excess of $110 million. AION Partners has already foreclosed, or taken a deed in lieu on five of these non-performing first mortgage loans and plans to take control of the remaining properties in 2010. AION will stabilize the assets and begin to increase value through strong local relationships and sure-handed asset management...

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Peter A. Smith, a former managing director at Credit Suisse, has joined Aion Partners as principal and managing director to focus on sourcing investment opportunities and arranging financing for the company's acquisitions... The company is a real estate operator, but finds that among the more effective ways of acquiring properties in today's market is to buy distressed mortgages. That's what Smith will be doing. "His comprehensive background encompasses workouts, interim financing, mezzanine loans, CMBS and portfolio purchases," explained Michael Betancourt, a principal and founder of Aion. Smith "will help us expand our growing portfolio."

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AION Partners is pursuing loan-to-own, value-added opportunities in markets such as Charlotte and Phoenix, where it expects to see job growth in the coming years. The New York-based investment company will consider opportunities in multifamily and multi-use properties, where debt has matured or will mature in the next 12 months. "We are not doing debt plays. This is purely a way at getting to the asset," said Michael Betacourt, principal.

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Real estate investment and asset management company AION Partners has signed two leases totaling approximately 96,000 square feet at its Class-A, West End office property at 2300 M Street, NW... Over the last two years, AION Properties planned and executed a multi-million dollar capital improvement campaign to upgrade the property's lobby, landscaping, elevators, and mechanical systems.


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The Embassy of the Federal Republic of Germany is packing up and temporarily moving to a West End office building while its 47-year-old historic embassy gets a major makeover. It just signed a three-year lease for 76,000 square feet at 2300 M St. NW... “I think there was some comfort level,” said Michael Betancourt of AION Properties, which bought the M Street building in 2007. “It was embassy space and the overlap in utility was there. It was a glove fit transaction.”


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...Sources said Bizzi bought the 24th floor office penthouse in the Delmonico Plaza commercial condo tower at 55 E. 59th St. for $7.5 million, or a whopping $919 a square foot. Bizzi plans to use the top-floor aerie as its US headquarters... Cushman & Wakefields Andy Sachs and Bill Levitsky represented seller Aion Partners, which owns about 40 percent of 55 E. 59th and is putting its sixth-floor space on the market for $750 a square foot.

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A number of commercial real estate veterans have launched ventures to capitalize both on the opportunities that exist right now and on what's to come. For example, DCD America prinicipals Siraj Dadabhoy and Michael Betancourt have launched AION Partners, a real estate private equity company that seeks to partner with other sources of capital for acquisition, development and financing opportunities across the U.S.

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Siraj Dadabhoy and Michael Betancourt, the principals of real estate investment and asset management company DCD America, Inc., recently unveiled the formation of AION Partners, a real estate private equity company that partners with other sources of capital and brings leadership to acquisition, development and financing opportunities across the U.S.

"AION is a partnership of experienced professionals and principals, nvested in this company, and committed to originating transactions and enhancing the value through aggressive, meticulous asset management," Dadabhoy said. "Michael and I, and much of the AION team have worked together successfully for years. We are hitting the ground running in an environment we believe will offer tremendous opportunity for the most experienced investors."

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London based DCD Group plans to team up with partners to spend about $250 million on nonperforming U.S. apartment loans over the next 12 months. DCD has formed an affiliate, AION Partners, to oversee the investments. DCD often invests via partnerships with Middle Eastern investors. Among U.S. players, it has teamed up with Carlyle Group of Washington, ING Clarion Partners of New York and NorthStar Realty Finance of New York.

In its first deal, AION acquired eight nonperforming multi-family loans with a total face amount of $180 million from a nonbank lender, said principal Siraj Dadabhoy.

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NEW YORK CITY-DCD America principals Siraj Dadabhoy and Michael Betancourt have launched AION Partners, a real estate private equity company that seeks to partner with other sources of capital and bring leadership to acquisition, development and financing opportunities across the US.

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