MOST SHARED
- Existing-Home Sales Jump To Highest Level in 2-1/2 Years
- Wall Street Finds Profits by Reducing Mortgages
- Start-Up Proves Everything Really Is Better With Bacon
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- Wave of Debt Payments Facing US Government
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Cadbury Hits New High as Bidders Circle
- China Asks Its Banks to Slow Down
- Existing-Home Sales Jump to 2-1/2 Year High
- Wave of Debt Payments Facing US Government
- US Job Losses to Bottom out Next Quarter: NABE
- Obama Jobs Forum May Be More Political Than Practical
- Late Payments on Credit Cards Drop in Third Quarter
- Suze Orman’s 'A Healthier, Wealthier You'
- Latest Holiday Drinks: The Madoff...and the TARPatini
- Madoff Trustee, Law Firm Submit $22.1 Million Bill
- JPMorgan's Dimon Could Succeed Geithner: Report
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- Madoff—The Holiday Drink
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- Busch: Markets Smell a Country Rat
- Schork Oil Outlook: Mission Impossible For The Bears?
- S&P Stocks Trading at New 52-Week Highs
- Losey: Asset Allocation At Retirement
- Farrell: Obama Hectored, Ignored and Restricted?
- Don't Dwell on Investment Mistakes; Move on, Like Buffett
Text Size 
WASHINGTON, Nov 04, 2009 (BUSINESS WIRE) -- As the exclusive advisor to a large private equity real estate investment trust, Petroleum Capital and Real Estate LLC (www.PetroCapRE.com) provided industry related expertise in facilitating the acquisition of 57 locations from ExxonMobil. The sites were located in Washington D.C. and Northern Virginia and were purchased by Anacostia Petroleum Holding, LLC, and Mount Vernon Petroleum Realty, LLC, two affiliated companies of Dag Petroleum, a large Shell and Exxon jobbership, in June and August of 2009.
"We are excited that we could help facilitate this transaction," said John Sartory Managing Director and principal of Petroleum Capital and Real Estate LLC. "This was a rare opportunity for Dag Petroleum to acquire a large number of premium real estate sites in downtown Washington, D.C. and the adjoining communities of northern Virginia that have very high barriers to entry. The strong real estate attributes, combined with the opportunity to partner with an established and professional organization, immediately attracted our client to this investment. Our client provided a creative mix of bridge, mezzanine and private equity financing that was instrumental in successfully completing these transactions with ExxonMobil." In 2009, John C. Flippen, Jr. and John Sartory have helped clients close over $250 million in retail acquisitions via Senior Lenders, Sale Lease Back, Mezzanine and Private Equity. Petroleum Capital and Real Estate, LLC -- www.PetroCapRE.com - provides consulting, M&A and financial advisory services for small to middle market clients exclusively in the retail petroleum industry.
The company also represents private equity groups that are willing to make opportunistic investments with greater than 2x their original investment.
SOURCE: Petroleum Capital and Real Estate LLC CONTACT: Petroleum Capital and Real Estate, LLC John Sartory, 410-442-1100 Email: jsartory@PetroCapRE.com Copyright Business Wire 2009 -0- KEYWORD: United States
North America
District of Columbia INDUSTRY KEYWORD: Energy
Oil/Gas
Professional Services
REIT
Finance
Construction & Property
Commercial Building & Real Estate
Other Construction & Property SUBJECT CODE: Contract/Agreement
Product/Service
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes