Newport Beach, CA (May 6, 2015) – Pelican Point Capital Partners, LLC. (“Pelican”), is pleased to announce Filipp Chebotarev has joined its advisory board to focus on land development and re-entitlement strategies. This appointment of Filipp to Pelican’s advisory board is an extension of the numerous deals Pelican has closed with Cambridge Companies LLC, over the last couple of years with high net worth and family office clients seeking value add strategies in Real Estate.
Filipp is the COO of Cambridge Companies LLC, a land development, investment and finance company with more than 55 years’ experience having developed over 6000 multi-family units in New York State, high profile development projects in Jerusalem, California and for the past 20 years a primary focus in the Las Vegas market and subsequent submarkets.
Cambridge current focus on the immediate Las Vegas metro and surrounding areas has been to re-entitle land that converts current zonings such as commercial, industrial, low density & high density residential to their more current applicable use. The strategy is driven by economic growth and forecast, targeted development needs and perhaps most importantly local community support. The strategy of driving value by creating a more relevant asset coupled with an alignment of community, business and municipal interest has been a driver of Cambridge’s successful historical returns.
“Working with the partners at Pelican has been a catalyst of growth for Cambridge Companies. Pelican Point Capital has co-invested with Cambridge across multiple property types in Las Vegas growing our asset base,” commented Filipp – COO of Cambridge Companies, LLC.
“Our partnership with Cambridge has expanded our value add opportunities in US real estate for our own and our partners platforms,” said Ike Suri, Co-CEO and Co-Founder of Pelican Point Capital Partners, LLC.
Source: Pelican Point Capital Partners, LLC., Announces the Addition of Filipp Chebotarev of Cambridge Companies, LLC., to Its Advisory Board for Real Estate and Land Development | Reuters