September 15, 2010 – (RealEstateRama) — USAA Real Estate Company and Admiral Capital Group are pleased to announce the formation of the Admiral Capital Real Estate Fund (the “Fund”), a partnership with NBA Hall of Famer, philanthropist and 1987 U.S Naval Academy graduate David Robinson. The partnership, which will pursue commercial real estate opportunities nationally, combines USAA’s extensive real estate platform, currently managing over $5 billion in real estate assets, with the reputation and social initiatives of David Robinson’s Admiral Capital Group. This partnership builds upon the existing Admiral Capital portfolio of real estate and hospitality investments which includes stakes in Centerplate, one of the world’s largest hospitality companies serving entertainment and convention venues, and two select service hotels. Admiral Capital, founded by Robinson and Daniel Bassichis, formerly of Goldman Sachs & Co., has pledged a portion of its ownership interests to support philanthropic causes through the Admiral Foundation, including funding scholarships for students at San Antonio, Texas based The Carver Academy, a school founded by David Robinson
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