In the dynamic world of real estate investment, Capri Capital Partners Llc stands out as a beacon of strategic vision and community-centric development. Led by the accomplished Quintin Primo, this Chicago-based, minority-owned firm has carved a unique path by focusing on impactful urban revitalization projects and demonstrating a deep commitment to the communities they serve. With a portfolio boasting billions in transactions, Capri Capital Partners LLC is not just reshaping skylines; they are redefining the very essence of urban living, exemplified by their transformative projects like the redevelopment of Chicago’s iconic Thompson Center into Google’s regional headquarters.
Visionary Leadership at Capri Capital Partners LLC: Quintin Primo’s Approach
Quintin Primo, Co-founder, Chairman, and CEO of Capri Capital Partners LLC, embodies a rare blend of business acumen and social responsibility. His decades-long career, marked by over $14 billion in transactions, showcases not only his expertise in navigating complex real estate deals but also his unwavering dedication to uplifting communities. Primo’s philosophy extends beyond mere profit margins; he is driven by a desire to solve intricate urban challenges with compassion and a keen understanding of community needs.
Randall Rowe, chairman and founder of Green Courte Partners, who has known Primo for over 40 years, attests to this, stating, “Most recently is focus on rejuvenating Chicago’s downtown CBD core…consistent with his historic desire to solve problems.” Rowe further emphasizes Primo’s infectious drive, “His energy, enthusiasm and optimism are unlimited and contagious.” This energy is palpable in every project undertaken by Capri Capital Partners LLC, reflecting Primo’s personal commitment to making a tangible difference.
The Thompson Center Transformation: A Capri Capital Partners LLC Case Study
The acquisition and redevelopment of the James R. Thompson Center in Chicago perfectly illustrates Capri Capital Partners LLC‘s innovative approach. Prime/Capri Interests, LLC, a 50-50 joint venture between The Prime Group and Capri Investment Group, acquired the 1.3 million-square-foot Thompson Center in July 2022. This strategic move was quickly followed by a build-to-suit agreement with Google, paving the way for the transformation of this iconic, yet underutilized, building into Google’s regional headquarters.
Primo explains the intricacies of the deal: “Prime/Capri Interests, which acquired the Thompson Center for $105 million, then concurrently entered into a build-to-suit agreement with Google, allowing the company to acquire the redeveloped project when it is completed.” This complex transaction also included the acquisition of the BMO Harris Bank building to facilitate the State of Illinois’ relocation and further redevelopment into hotel and residential spaces, demonstrating Capri Capital Partners LLC‘s ability to orchestrate multifaceted deals that benefit multiple stakeholders.
The Thompson Center project, lauded for its ambition and complexity, highlights Primo’s knack for navigating challenging market conditions and forging successful partnerships. He emphasizes the collaborative spirit behind the deal, noting, “The Thompson Center/Google transaction is a testament to people of color working together… this transformative project… would never have happened without two people of color joining forces.” This emphasis on collaboration and diverse perspectives is a hallmark of Capri Capital Partners LLC‘s operational ethos.
Beyond Chicago: Capri Capital Partners LLC’s National Footprint and Diverse Projects
While the Thompson Center redevelopment is a flagship project, Capri Capital Partners LLC‘s impact extends far beyond Chicago. Their portfolio showcases a diverse range of real estate investments and development projects across the nation, each reflecting the firm’s commitment to community enrichment and strategic growth.
In Washington, D.C., Capri Capital Partners LLC is spearheading a $300 million mixed-use development at 14th and U streets. This ambitious project, encompassing approximately 500,000 square feet, will become the new headquarters for the NAACP and feature a comedy club backed by Dave Chappelle, a restaurant by Carla Hall, the Washington Jazz Arts Institute, and an Alvin Ailey American Dance Theater and School. This development exemplifies Capri Capital Partners LLC‘s dedication to creating vibrant, community-focused spaces that blend cultural, commercial, and residential elements.
Overcoming Challenges and Embracing Perseverance: The Capri Capital Partners LLC Story
Quintin Primo’s journey and the story of Capri Capital Partners LLC are rooted in perseverance and a willingness to learn from setbacks. Primo often quotes Winston Churchill: “Success is moving from failure to failure without the loss of enthusiasm.” This resilience is evident in his own career trajectory and the firm’s approach to navigating the complexities of the real estate market.
Primo actively encourages young people, particularly African Americans, to enter the real estate industry, emphasizing the importance of organizations like the Real Estate Executive Council (REEC) and the Urban Land Institute (ULI) as valuable resources. He co-founded REEC to provide a platform for executives of color in the industry and acknowledges the systemic barriers that exist, stating, “We are systemically excluded from the business… but we only make up 1 or 2 percent of the overall composition of the industry.” Capri Capital Partners LLC, under Primo’s leadership, is actively working to change this narrative by fostering diversity and inclusion within the industry.
Strategic Partnerships and Collaborative Growth
The success of Capri Capital Partners LLC is also built upon strong partnerships and collaborative relationships. Primo’s early partnership with Daryl Carter, founder, chairman, and CEO of Avanath Capital Management, was instrumental in the firm’s growth. Carter describes Primo as an “innovator beyond most people” and “the best strategic thinker” he has ever met. He credits Primo’s visionary approach and positive outlook for the firm’s rapid expansion.
Victor MacFarlane, founder and executive chairman of MacFarlane Partners, another long-time associate, highlights Primo’s character, stating, “In all of his endeavors and relationships, it’s very clear that he cares about things beyond himself.” This emphasis on relationships and shared values has been a cornerstone of Capri Capital Partners LLC‘s enduring success.
A Servant’s Heart: Guiding Principles of Capri Capital Partners LLC
Primo’s leadership is deeply influenced by his upbringing and a philosophy rooted in service. He credits his Episcopal background for instilling in him a “servant’s heart,” which permeates the operations of Capri Capital Partners LLC. This commitment to service extends to community engagement and a genuine desire to create positive social impact through real estate development.
The Primo Center, founded by Primo’s father to serve Chicago’s homeless population with Primo’s real estate expertise, stands as a testament to this commitment. Similarly, Capri Capital Partners LLC‘s approach to the Baldwin Hills Crenshaw Plaza in Los Angeles exemplifies their community-first philosophy. Primo explains, “As an owner and developer who is investing in the community, it is critically important that you always listen to the community first before planning your development.” This philosophy of listening to and prioritizing community needs has been a key differentiator for Capri Capital Partners LLC.
During the challenging times of the pandemic, Capri Capital Partners LLC demonstrated its commitment to its tenants by working closely with them and deferring rent, prioritizing compassion over immediate financial gains. This approach underscores the firm’s long-term vision and dedication to building sustainable and thriving communities.
Conclusion: Capri Capital Partners LLC – Shaping the Future of Urban Investment
Capri Capital Partners LLC, under the visionary leadership of Quintin Primo, is more than just a real estate investment firm. It is a catalyst for urban revitalization, a champion for community-focused development, and a pioneer in promoting diversity within the industry. Their projects, from the Thompson Center in Chicago to the NAACP headquarters in Washington, D.C., reflect a deep understanding of market dynamics, a commitment to social impact, and a genuine desire to build a better future for the communities they serve. Capri Capital Partners LLC continues to set a high standard for responsible and impactful real estate investment, proving that financial success and community well-being can go hand in hand.
