Monday, October 20, 2014

Paul Roeser to Oversee Business Development, Marketing and Communications for IDI Gazeley’s Global Platform


Paul Roeser
ATLANTA (Oct. 20, 2014) – IDI Gazeley, a leading global investor and developer of logistics warehouses and distribution parks, today announced that Paul Roeser will join the team as Senior Vice President – Global Business Development, Marketing and Communications on October 27, 2014.

Based in Atlanta, he will also oversee the marketing, branding, communications and information technology efforts for the company.

Jay Cornforth, Managing Partner, Global Head of Industrial at Brookfield  Property Partners and interim CEO of IDI Gazeley North America says, “Paul’s wealth of experience and industry knowledge make him a valuable addition to the IDI Gazeley team.

“Our growing portfolio and increasing demand in Europe and North America led us to look for an addition to our team who fits with our ethos of innovation and exceptional service.  We’re confident that Paul will play a key role in delivering these values and leveraging the Brookfield brand to our customers and partners around the world.”

Jay Cornforth
Roeser joins IDI Gazeley from Jones Lang LaSalle where he served on the Logistics and Industrial Services group and Supply Chain and Logistics Solutions team.

 He brings expertise in tenant representation, strategic real estate planning and industrial site selection.

 He also created Blackbird, a proprietary geo-spatial intelligence program that compares real estate data with metadata such as incentives, labor and transportation. Prior to Jones Lang LaSalle, he held positions at The Staubach Company, Alliance Partners and RCI Civil Engineering. He is a graduate of the University of Georgia.      

For a complete copy of the company’s news release, please contact:
  
IDI Gazeley
Andria Kriss
404-479-1675

Kathleen Armstrong Presented with MBA Education Lifetime Achievement Award


E. Michael Rosser
LAS VEGAS, NV (Oct. 20, 2013) –MBA Education, the Mortgage Bankers Association’s (MBA) educational initiative, today presented Kathleen Armstrong, CMB, with its E. Michael Rosser, CMB, MBA Education Lifetime Achievement Award.

“Kathleen is a seasoned mortgage banker with decades of experience,” said Bill Cosgrove, MBA Chairman. 

“She rose professionally at a time when it was necessary to learn virtually every aspect of the industry, from originating and underwriting to servicing and marketing. 

“That impressive base of knowledge is what made Kathleen a perfect instructor for MBA’s School of Mortgage Banking, a position she held for more than a quarter of a century. 

“Kathleen is responsible for helping hundreds of mortgage bankers hone their skills, and she remains active in the Society of Certified Mortgage Bankers.  It is with great pleasure that MBA presents its ‘E. Michael Rosser, CMB, MBA Education Lifetime Achievement Award’ to Kathleen Armstrong, CMB.”

A graduate of Northeastern University with a degree in real estate finance, Ms. Armstrong was a forty-two year employee of Shawmut Bank (now Bank of America). 

She rose within Shawmut from a clerical position in special checking in 1953 and eventually retired from the commercial real estate syndicating and participation division of the bank.

 In 1974, she was recruited into the bank's officer training program and attended her first MBA convention two years later. She has held numerous leadership positions on various committees at MBA and received her CMB designation in 1985.  She has taught at MBA’s School of Mortgage Banking for nearly 28 years and is a member of the Master Faculty.

The E. Michael Rosser MBA Education Lifetime Achievement Award is presented to an individual who has shown outstanding service to the Association, Certified Mortgage Bankers Society and the real estate finance industry.

For a complete copy of the company’s news release, please contact:

Shawn Ryan
(202) 557-2727


Wyndham Brand Expands in Florida with New Jupiter Hotel


Wyndham Grand Jupiter at Harbourside Place, Jupiter, FL
PARSIPPANY, N.J. (Oct. 20, 2014) – Wyndham Hotel Group, the world’s largest hotel company with approximately 7,540 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), today expanded the footprint of its upscale Wyndham Hotels and Resorts® brand in Florida with the opening of the newly constructed, 179-room Wyndham Grand Jupiter at Harbourside Place, the brand’s fourth Wyndham Grand® property in the state.

The full-service, waterfront hotel in Jupiter features a rooftop pool, 15,000 square feet of indoor and outdoor event space, award-winning dining at the country’s second deep blu seafood grille and contemporary, elegant décor throughout.

Owned by Harbourside Place, LLC, and managed by Wyndham Hotel Group’s management company, Wyndham Grand Jupiter is situated in Harbourside Place, a new commerce and entertainment development that is near the area’s beaches, major businesses and 17 miles from Palm Beach International Airport.

For a complete copy of the company’s news release, please contact:

Christine Da Silva
Wyndham Hotel Group
22 Sylvan Way
Parsippany, NJ 07054
+1 (973) 753-6590


Wyndham Hotel Group’s Rui Barros to Oversee North America Franchise Operations


Rui Barros
Parsippany, N.J. (Oct. 20, 2014) – Wyndham Hotel Group, the world’s largest hotel company with approximately 7,540 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), today announced the appointment of Rui Barros as president and managing director of North America franchise operations.

In this role, Barros will be responsible for Wyndham Hotel Group’s field and brand operations functions, overseeing operational performance, ongoing franchisee support efforts and preferred client services for Wyndham Hotel Group properties in North America. He will be based in the company’s Parsippany, New Jersey offices.

A seasoned hospitality industry veteran, Barros has held a number of high-level operations positions with Wyndham Hotel Group. Most recently, he served as president and managing director, Europe, Middle East, Africa and Indian Ocean, responsible for Wyndham Hotel Group’s development, operations and cross-functional brand initiatives throughout the region.

Previously, Barros was brand senior vice president for the company’s Howard Johnson®, Travelodge® and Microtel Inn & Suites by Wyndham® hotel brands.

 He has also served the company as vice president of group operations, in which he played an instrumental role in establishing the company’s field operations efforts; and senior vice president of operations, Latin America, in which he provided oversight for all of Wyndham Hotel Group’s brands and services in that region.

For a complete copy of the company’s news release, please contact:

Christine Da Silva
Wyndham Hotel Group
22 Sylvan Way
Parsippany, NJ 07054
+1 (973) 753-6590


AmeriSphere’s Rodrigo López,Elected as 2015 Vice Chairman of Mortgage Bankers Association

  
Rodrigo Lopez
LAS VEGAS, NV --  Rodrigo López, CMB, founder, President and CEO of AmeriSphere, was sworn in as Vice Chairman of the Mortgage Bankers Association (MBA) during the Association’s 101st Annual Convention & Expo in Las Vegas, Nevada.

AmeriSphere is a provider of capital solutions for the multifamily industry.  It is a Fannie Mae Delegated Underwriting and Servicing (DUS) Lender, FHA/MAP Lender, as well as a Ginnie Mae issuer and servicer. 

Before founding AmeriSphere, Mr. López was Chief Lending Officer for a life insurance company, responsible for investments in commercial mortgage loans and real estate properties.  During his tenure in the architecture and construction industry, he worked on a wide range of commercial and institutional projects.

In addition to López, MBA members also elected Bill Cosgrove, CMB, President and CEO of Union Home Mortgage Co. as Chairman and Bill Emerson, Chief Executive Officer of Quicken Loans, Inc., as Chairman-elect.  All three officers will serve for the 2014-2015 membership year.

For a complete copy of the company’s news release, please contact:

Rob Van Raaphorst

(202) 557-2799

MBA Announces Members and Leadership of 2015 Residential Board of Governors (RESBOG) and 2015 Residential Committee Chairs

  
Michaael S. Malloy

 LAS VEGAS, NV – The Mortgage Bankers Association (MBA) announced Michael S. Malloy, Mortgage Policy & Counterparty Relations Executive for Bank of America Home Loans in Charlotte, NC as Chairman of its 2015 Residential Board of Governors (RESBOG) and William J. McCue, President of McCue Mortgage Company in New Britain, CT as the Vice-Chairman of RESBOG, at the association’s 101st Annual Convention & Expo. 

RESBOG is the governing body for MBA's single-family residential members, responsible for establishing legislative and regulatory policies and positions on residential lending issues. 

"With extensive experience in the real estate finance industry and within MBA, Mike and Bill are well-positioned to spearhead a comprehensive legislative and regulatory agenda this coming year,” said MBA Chairman Bill Cosgrove, CMB, CEO, Union Home Mortgage.

Bill Cosgrove
“I am excited for Mike to begin his term as Chairman of RESBOG, and I am confident that he will help  guide MBA through an important time, as major regulations stemming from Dodd-Frank and GSE Reform continue to be a priority,” said Cosgrove.

“His leadership will promote the best interests of the real estate finance industry and lay the foundation for a productive future.”

Mr. Malloy and Mr. McCue presently sit on MBA’s Board of Directors and both have been active MBA members. Each has also been involved in major MBA policy initiatives as MBA Board Members well as members of RESBOG.

MBA also named the following newly elected members of RESBOG.  The new members are:
  
Allesandro P. DiNello, Flagstar Bank, FSB
Rodrigo Lopez, CMB, AmeriSphere Multifamily Finance, L.L.C

Joseph W. Rogers, Jr., Well Fargo Home Mortgage

Michelle Van Dyke
Michelle Van Dyke, Fifth Third Mortgage
Rob Gaither, PNC Bank
Kevin Pezzani, CMB, LSI Mortgage Plus

For a complete copy of the company’s news release, please contact:

Rob Van Raaphorst

(202) 557-2799

Sunday, October 19, 2014

HFF secures $21 million financing for student housing property in Charleston, SC


Timothy Joyce
CHICAGO, IL – HFF announced it has secured $21 million in financing for Campus Center Apartments, a 194-unit/419-bed student housing property serving the College of Charleston (COC) in Charleston, South Carolina.

                HFF worked on behalf of Harrison Street Real Estate Capital to place the 10-year, fixed-rate loan with Prudential Mortgage Capital Company. 

                 Completed in 2013, Campus Center Apartments is 100 percent occupied and is comprised of 194 units averaging 672 square feet each.  The property includes a 17,764-square-foot fitness center featuring state-of-the-art equipment and group fitness classes that is leased to the COC.  The property is located adjacent to campus at 50 George Street.

                The HFF team representing the borrower was led by managing directors Timothy Joyce and Stephen Skok.

Harrison Street Real Estate Capital was founded in 2005 and has approximately $7.3 billion in assets under management and has acquired or developed 400 assets including more than 50,000 student housing beds, more than 11,600 seniors housing/assisted living units, more than 4.8 million square feet of medical office space, more than 36,000 self-storage units, and more than 4,100 wet and dry boat storage units.

Stephen Skok
Prudential Mortgage Capital Company is a national full-service, commercial and multifamily mortgage finance business with more than $79 billion in assets under management and administration as of June 30, 2014. 

Leveraging a 135-year history of real estate finance, the company offers one of the most comprehensive lines of real estate finance products and originates loans for Fannie Mae DUS®, Freddie Mac Program Plus® and specialized affordable housing programs; FHA; Conduit; Prudential’s general account and proprietary balance sheet program; and other institutional investors.

 The company maintains a loan servicing portfolio of approximately $76.7 billion, as of June 30, 2014.

For more information, please visit http://www.prumortgagecapital.com.

For a complete copy of the company’s news release, please contact:



Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

HFF secures $18.75 million in financing for six-property industrial portfolio in Dallas-Ft. Worth, TX


Tucker Knight
HOUSTON, TX – HFF announced it has arranged $18.75 million in acquisition financing for a six-property, 16-building industrial portfolio totaling 462,618 square feet in the north Dallas-Ft. Worth area.

                HFF worked exclusively on behalf of the borrower, Red Tail Acquisitions, to secure the 10-year, fixed-rate loan through a correspondent life insurance company.

 Loan proceeds were used to purchase the portfolio for an undisclosed amount.  HFF’s Dallas-based brokerage group also represented the seller in the sale.

The portfolio consists of 1360-1420 Presidential Drive and 850-890 North Dorothy Drive in Richardson, Texas and 1420 Halsey Way, 1406 Halsey Way, 2122 Country Club Drive and 2855 Trinity Square Drive in Carrolton, Texas. 

Located in infill, established industrial submarkets, the properties are all near major transportation arteries, including Interstates 35 and 635 and Highway 75.  The properties are 87 percent leased overall to 41 tenants, including NOW Specialties, Inc.; Optex Systems, Inc.; Laboratory Corporations of America; SKH Beauty, Inc.; All Sorts Mailing Services; Circuitco Electronics LLC; Advanced Environmental Concepts; Select Cabinet Co.; Milestone Construction; TraStar, Inc.; and Gym Ratz Basketball Club, LLC.

Lighting Industrial, Dallas, TX
The HFF debt placement team representing the borrower was led by managing director Tucker Knight.

“The DFW industrial submarket is one of the most established industrial submarkets in Texas,” Knight said.  “The properties in this portfolio are well-located, quality assets, and I expect them to see an upward trend in leasing.” 

Red Tail Acquisitions (RTA) is a value and core-plus investor that seeks office, industrial and retail properties.  Over the last 25 years, the group has purchased more than 10 million square feet of commercial property in the western United States. 


For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
tel (main) 617-338-0990 | (direct) 617-848-1572 | cel 617.543.4873 | www.hfflp.com

$9.6 Million in Financing for Murfreesboro, TN Student Housing Arranged by R3 Funding


University Ridge Student Housing, Murfreesboro, TN
NEW YORK, NY – R3 Funding, a national lender correspondent providing origination, has arranged a $9.6 million Fannie Mae ARM loan for a Murfreesboro, TN student housing complex.

 The announcement was made by Ray Potter, managing partner of R3 Funding.

University Ridge is a 512-bed resort style student housing complex serving Middle Tennessee State University that was acquired by a major real estate fund in 2012.

The fund bought the property close to stabilization and utilized the Fannie Mae ARM, which allows them to convert to a fixed rate product. The Fannie Mae financing that R3 Funding arranged is for a seven-year term and features a 30-year amortization. The LTV is 70 percent.

Ray Potter
“University Ridge’s resort-style setting makes it a great housing solution for students at Middle Tennessee State University,” said Mr. Potter. “We were happy to be able to connect ownership in a timely fashion with the financing that best suited its needs.”

For more information visit http://www.r3-funding.com/


For a complete copy of the company’s news release, please contact:


Great Ink Communications—212-741-2977
Eric Gerard,  Eric@greatink.com
Carl Gaines, carl@greatink.com
Roxanne Donovan, Roxanne@greatink.com

Thomas D. Wood and Co.’s Sarasota Office Secures $6.83 Million in Commercial Mortgage Transactions


Brad Cox
Sarasota, FL – The Sarasota Office of Thomas D. Wood Company, a Strategic Alliance Mortgage LLC member, secured $6,830,000 in commercial mortgage transactions for properties located in Florida and Georgia.  Interest rates continue to stay as low as 4.0%, contributing to the increase in successful closings.

Company Senior Vice President Brad Cox, CCIM, secured financing for the Palm Terrace Professional Plaza in the amount of $2,050,000 through Thomas D. Wood and Company’s correspondent relationship with The Standard Life Insurance Company. 

The fully-amortizing loan has a term of 25 years, with interest rate resets at years five, 10, 15 and 20.  The 28,423 square-foot office building is located in Fort Myers, Florida.

Cox secured financing for the Neff Rental Building in the amount of $775,000 through The Standard.  The fully-amortizing full-recourse loan has a term of 20 years.  The 7,920 square-foot mixed-use (showroom-office-warehouse) building is located in Tallahassee, Florida.

Cox obtained financing for Silver Springs Commons in the amount of $1,750,000 through Thomas D. Wood and Company’s correspondent relationship with Ohio National Life Insurance Company.  The fully-amortizing recourse loan has a term of 15 years.  The 14,698 square-foot retail plaza is home to major tenants Submway, Payless Shoe Source and Hair Cuttery, and is located in Ocala, Florida.
  
Cox secured financing for Oakwood Plaza in the amount of $680,000 through Thomas D. Wood and Company’s correspondent relationship with Symetra Life Insurance Company.  The fully-amortizing full-recourse loan has a term of 20 years.  The 15,200 square-foot retail building is located in Flowery Branch, Georgia.

The Sarasota office also secured financing for Sun City Inn, a hotel located in Sun City, Florida, in the amount of $1,575,000.

For a complete copy of the company’s news release, please contact:





Jessica Kinnee
Sr. Vice President                             
Director of Marketing & Public Relations           
Thomas D. Wood & Co.           
(407) 374-0251