Investing in Commercial Real Estate with Mike Brumagin, USMA ‘89
Richmond, Virginia, May 31, 2017– Battle Monument Partners (BMP), a Richmond private equity fund focused on the veteran community, has completed financing its $5.0 Million inaugural fund, STRAC Fund I. The Fund was fully subscribed more than a year ahead of schedule. BMP is continuing to invest in stabilized, single-tenant, commercial properties. In addition, BMP contributes a substantial portion of its carried interest to non-profit organizations that support Veterans and their families.
"We’re humbled by the response BMP has had from our investors and the veteran community.” said John Oliver, Manager of the Fund. Oliver went on to say, “It seems clear that our mission, increasing economic strength for veterans, has a place in the capital markets.”
BMP is in the process of developing its second fund, STRAC Fund II, and recently established a relationship with The Folded Flag Foundation.
"We are proud of the support from Battle Monument Partners during our Salute to Sacrifice event in Washington, DC.” said John Coogan, Executive Director of The Folded Flag Foundation. “We look forward to a sustained relationship with BMP that benefits our Gold Star Families.”
Battle Monument Partners, based inRichmond, Virginia is private equity fund with the mission to increase economic strength for veterans and industry leading professionals. www.battlemonument.com
To learn more about The Folded Flag Foundation, including how to apply for scholarship aid, visit www.FoldedFlagFoundation.org/Apply.
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John Oliver used to say “put eyes on the objective” in a wartime context. Now, he uses the motto as a business principle.
“It’s probably the most important thing you can do in a military operation,” said Oliver, a 1989 graduate of the United States Military Academy and veteran of Operation Desert Storm. “And it’s the same thing when we buy a property. We take it pretty seriously.”
The “we” Oliver refers to are West Point classmates Tim Abbott and Mike Brumagin, who along with Oliver are managing partners of Richmond private equity firm Battle Monument Partners. They founded the firm in 2014 to invest in single-tenant commercial properties in the Southeast and Mid-Atlantic.
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