What is Optibase?
Optibase operates within the fixed-income real estate market, managing a portfolio of properties and beneficial interests across key locations including Switzerland, Texas, Philadelphia, PA, Miami, FL, and Chicago, IL. The company is actively seeking further real estate investment opportunities. Previously, Optibase was involved in digital video technologies before divesting its solutions business to VITEC Multimedia in July 2010, indicating a strategic pivot towards its current real estate focus.
How much funding has Optibase raised?
Optibase has raised a total of $15M across 1 funding round:
Debt
$15M
Debt (2015): $15M with participation from City National Bank of Florida
Key Investors in Optibase
City National Bank of Florida
City National Bank of Florida, headquartered in Miami, is a long-standing financial institution serving Floridians for over 75 years. They are known for delivering best-in-class service experiences and investing in the communities they serve.
What's next for Optibase?
The recent major strategic investment signals Optibase's intent to accelerate its growth and expand its real estate holdings. This capital infusion is expected to bolster its acquisition strategy and potentially enhance its existing property management capabilities. The company's focus on diverse geographical markets suggests a strategy aimed at mitigating risk and capitalizing on varied economic conditions within the real estate landscape.
See full Optibase company page
