Accountable Equity, LLC Secures $23.7mm Permanent Mortgage for its NJ Based Renault Winery and Resort from Univest Bank and Trust Co.
BISWIRE/Sept. 6, 2024 — Accountable Equity, LLC, a leading specialty private equity firm specializing underdeveloped real estate investment opportunity within the hospitality space, is proud to announce it closed a successful permanent mortgage of its NJ based property, Renault Winery and Resort. This achievement was made possible by Univest Bank and Trust Co. The transaction, valued at $23.7 million, provides a long-term capitalization for Renault to execute its long-term value creating opportunities for our investors, and a predictable capital structure that our operating affiliate Vivamee Hospitality, LLC that promotes best in class client experiences and attract top talent to operate the property.
Josh McCallen, CEO of Accountable Equity, stated that, “This funding provides more favorable terms that allow us to optimize cash flow and reinvest in key improvements to maintain the property’s competitive positioning in the market, and permits Accountable Equity’s commitment to executing our long-term vision while maximizing returns for our investors.”
“We are excited to have teamed up with Univest on this significant transaction,” said William Moisan, Vice President, Asset Management at Accountable Equity. “This refinance underscores the property’s value and our confidence in its continued performance in today’s market.”
Bill Dembin, Regional President at Univest remarked, “Our approach to banking is to create meaningful relationships and provide solutions to companies that have a positive impact on the community. We found just that with Renault Winery and Resort. We are excited about working with such an iconic South Jersey brand and look forward to continuing to work with the management team in the years to come.”
About Accountable Equity:
Accountable Equity, LLC is a rapidly growing private equity sponsorship entity that delivers outsized returns through impact-driven direct investing. Serving family offices and high-net-worth investors, we focus on high-growth platforms aligned with today’s megatrends, particularly in the redevelopment of mixed-use experiential hospitality. True to our name, we are committed to accountable stewardship and transparency. Since 2018, our portfolio has grown 20X, offering not just real estate investments but also high cash-flow business opportunities, all within a thriving community of partners and investors. Our leadership engages regularly with investors, providing insights and opportunities to maximize their portfolios as we continue to acquire properties with unique upside potential. Please see our website accountableequity.com.
About Vivamee Hospitality, LLC:
Vivamee Hospitality, LLC is a leading force in hospitality management and redevelopment, specializing in transforming visionary concepts into thriving platforms that enhance guest experiences and elevate real estate value. As a third-party management company, we collaborate with clients to create innovative revenue streams, from luxury accommodations and culinary experiences to premier wedding operations and unique, story-driven restaurant concepts. Our mission, rooted in the meaning of our name—"to revive the soul"—drives us to excel in historic preservation, repositioning, and specialized club development, setting new standards across the industry. Please see our portfolio at www.vivamee.com.
About Univest Financial Corporation:
Univest Financial Corporation (UVSP), including its wholly-owned subsidiary Univest Bank and Trust Co., Member FDIC, has approximately $7.9 billion in assets and $5.0 billion in assets under management and supervision through its Wealth Management lines of business at June 30, 2024. Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full range of financial solutions for individuals, businesses, municipalities and nonprofit organizations primarily in the Mid-Atlantic Region. Univest delivers these services through a network of more than 50 offices and online at www.univest.net.
For more information, please contact:
William Moisan
Vice President, Asset Management
wmoisan@accountableequity.com
www.accountableequity.com
