Preston Hollow Capital, an independent specialty finance company, announced today that it has completed the acquisition of an institutional seller’s rights to reimbursements from excess tax-based revenues of the Lakewood Reinvestment Authority, the urban renewal authority for the City of Lakewood, Colorado, and Plaza Metropolitan District No. 1, a quasi-municipal corporation and political subdivision of the State of Colorado operating within the City of Lakewood. Squire Patton Boggs served as counsel to Preston Hollow Capital.

“This transaction marks our fourth investment in tax increment backed opportunities totaling over $100 million in investments,” said Ramiro Albarran, Managing Director of Preston Hollow Capital. “Preston Hollow Capital is well-positioned to serve as a capital provider to other economic development projects nationally.”