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Thursday, December 01, 2022 9:46:25 AM
Zip is 10016 https://www.zillow.com/b/470-2nd-ave-new-york-ny-9hJh87/
It is a 5k a month write off. The last 2 years have shown that having brick and mortar office space is a waste of money. They probably use this for hookers and blow... jk You just need an address, while being able to write it off is a perk. Everyone does this in real estate and investments. They are an investment firm... Why would you need some lavish office space?
This is no strange thing to do. Especially when you have managed transactions totaling over 5BILLION $$$$ in your career.
Just in case some are to lazy to click on the link above and can't get over your cognitive dissonance...
Chase Growth Fund CIO and Co-Founder J.R. CHANTENGCO is CGF’s experienced rainmaker and deal structuring guru. He was honored in 2021 as a leading Lender Influencer by premier commercial real estate publication, Globe Street, for his enthusiasm for data analytics and due diligence coupled with 30 years of transactional experience culminating in over $5B in financing, banking, tax credits, and real estate deals. His dedication and commitment to his professional work along with his ability to collaborate with government and community entities gives CGF its true competitive advantage.
From 2001 to 2005, J.R. was appointed as Secretary of the State of California Housing Partnership Corporation under Governors Arnold Schwarzenegger and Gray Davis with $20B AUM. In 2021, he was nominated by NAPABA and APAICS to serve as Regional Director for the New York Department of Housing and Urban Development under the Biden Administration, and was similarly appointed by NCUA under the Clinton Administration. He has also served as a Housing Commissioner for the City of Chula Vista, President of New York Metro Commercial Investment Member Chapter, and President of the Southwestern College Foundation.
J.R.’s core philosophy is that commercial real estate can be the building block for any strategic investment portfolio, coupled with sensible alternative investments such as technology, life science, commodities, eco-sustainability, and impact investing. He was brought into the business by his late father, Engr. Ricardo Diaz Chantengco, who helped create the family office The Triwest Financial Group, Inc., which is also a CDE allocator under the U.S. Treasury New Markets Tax Credit Program. As one of the nation’s few Filipino-led firms, J.R. helped propel Black Pearl Holding Co., and its capital advisory arm, Black Pearl Investments to an independent $300M+ pipeline firm in New York City through a housing initiative with a Native American CDFI/network.
J.R.’s educational achievements include Postgrad Finance Stanford Business School, MBA Degree University of Phoenix Sperling School of Business, BA Degree University of California at San Diego.
His banking-finance experience posts comprise Wells Fargo, CB Richard Ellis, KW Commercial, HKS Capital Partners and University & State Employees Credit Union.
His professional credentials include: CCIM designation, The Certified Commercial Investment Member Institute; Community Economic Development, San Diego State University; LEED Green Associate, New York Real Estate Institute; and Licensed Broker CA and NY. He was awarded a Congressional Merit Recipient for Community Leadership by U.S. Rep. Bob Filner and completed a Eureka Foundation Fellow Washington DC.
He is an actively involved in numerous industry organizations including: Urban Land Institute (ULI), Mortgage Bankers Association (MBA), Stanford Professionals in Real Estate (SPIRE), Association of Asian American Investment Managers (AAAIM), Young Real Estate Professionals New York (YREPNY), and Co-founder of Filipinos in Institutional Real Estate (FIIRE – New York).
Synthesizing it all into Chase Growth Fund’s strategic planning vaults J.R. and the company ahead of the curve as CGF creates a sustainable real property portfolio. As a strong advocate for urban renewal and job creation, he believes affordable housing and healthcare coupled with new technology can make hardworking ethnic communities thrive. In summary, under his careful fund management principles CGF is fully poised for meaningful and differentiated impact investing through transformative real estate investments that will create investor alpha and lasting social-economic change through capital advancement.
https://www.newswire.com/news/black-pearl-investments-signs-650m-strategic-investment-partnership-21877644
His quote from THEIR PR
Mr. John Richard (J.R.) Chantengco, Founder & Managing Director of Black Pearl Investments, said, "We are always seeking cutting-edge opportunities for funding as well as synergies which will allow us to contribute strategically through our varied expertise and strengths. We are joint venturing with TPT Global Tech, Inc. because of their strong sense of the future needs of communities, whether it is smart living, smart working or smart sustainability. This resonates very well with our investment mandate, which is to support next-generation businesses, clean technologies and renewable energy that will truly make a difference in our society."
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