Friday, August 13, 2010

SMPS Central Florida donates $400 to the Haiti Earthquake Relief Fund in Honor of Lee Strickland.

ORLANDO, FL--The donated funds were part of the Chapter’s continued giving efforts. The donations were in honor of Lee Strickland, (top right photo)  a local civil engineer who was one of 230,000 people to perish in the January 12, 2010 earthquake in Haiti.

SMPS Central Florida continually gives to both local and national charities through member donations, chapter donations, and fundraising efforts.

The Society for Marketing Professional Services (SMPS) is the premiere organization of marketing experts for the architecture, engineering, and construction industries, SMPS provides excellent educational resources and networking in an exciting and professional environment.

Contact:  Richelle Siska, CPSM, Marketing Coordinator, Woolpert, 3504 Lake Lynda Drive, Suite 400, Orlando, FL 32817
Direct: 407.591.5038, Office: 407.381.2192
Fax: 407.384.1185,,

Supertel Hospitality Reports 2010 Second Quarter Results

NORFOLK, NB– Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which owns 111 hotels in 23 states, today announced its results for the second quarter ended June 30, 2010.

Revenues from continuing operations for the 2010 second quarter increased 3.1 percent to $24.7 million, compared to the same year-ago period.

Net loss attributable to common shareholders for the 2010 second quarter was $(4.0) million, or $(0.18) per diluted share, compared to net income attributable to common shareholders of $0.9 million, or $0.04 per diluted share, in the 2009 same quarter, a decline of $4.9 million.

 The decrease was primarily the result of $4.5 million of impairment. Funds from operations (FFO), which includes the impairment expense, for the 2010 second quarter was $(1.5) million, or $(0.07) per diluted share.

For a complete copy of the company's news release and financials, please contact:
Jerry Daly, Carol McCune, Daly Gray, (Media Contact), 703.435.6293

National Retail Properties, Inc. Declares Dividend for Its Series C Preferred Stock

ORLANDO, FL, Aug. 13 /PRNewswire-FirstCall/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend on its Series C Cumulative Redeemable Preferred Stock of 46.09375 cents per depositary share payable September 15, 2010, to shareholders of record on August 31, 2010. The dividend represents an annualized rate of $1.84375 per depositary share.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.

As of June 30, 2010, the company owned 1,014 Investment Properties in 43 states with a gross leasable area of approximately 11.4 million square feet. For more information on the company, visit

Contact: Kevin B. Habicht, Chief Financial Officer, National Retail Properties, Inc., +1-407-265-7348

Mid-America Apartment Communities, Inc. Announces Nashville Acquisition

 MEMPHIS, TN/PR Newswire-FirstCall/ -- Mid-America Apartment Communities, Inc. (NYSE:MAA) announced today that it has completed the acquisition of Verandas at Sam Ridley (top left photo), an upscale 336-unit gated apartment community located in the Nashville MSA.

Verandas at Sam Ridley was developed in 2009 and is located at the intersection of I-24 and Sam Ridley Parkway.

 Property amenities include large floor plans averaging 1,164 square feet, garages, media and business centers and a pool with outdoor spa. The apartment homes feature stainless finish appliances, crown molding and sunrooms or screened porches.

The property is located in very close proximity to an extensive new retail shopping development and a new regional hospital and health services operation. In addition, the property is minutes away from major employment centers along the I-24 Business Corridor including a Nissan North America manufacturing plant with 4,400 employees.

Commenting on the announcement, Al Campbell, (top right photo)EVP and CFO said, "We are excited to be increasing our presence in the Nashville MSA with its diverse economic base which continues to support strong population growth."

The acquisition, totaling $32 million, was funded by borrowings under existing credit facilities and common stock issuances through MAA's at-the-market program.

 Contact:  Investor Relations of Mid-America Apartment Communities,

+1-901-682-6600, or
Web Site:

Boardwalk REIT Announces 2nd-Quarter Results

CALGARY, ALBERTA /PRNewswire-FirstCall/ -- Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX),  Boardwalk Real Estate Investment Trust ("Boardwalk", "Boardwalk REIT" or the "Trust")  announced financial results for the second quarter of 2010:

 Funds From Operations ("FFO") per unit down 5.7% and Distributable Income ("DI") per unit down 5.7% compared to the same period last year; and confirmed its August, September, and October 2010 Monthly Distribution of $0.15 per Trust Unit. FFO and DI are non-GAAP measures; the reconciliation to Net Earnings and Total Operating Cash Flows, respectively, can be found in the Management's Discussion and Analysis (MD&A) for the second quarter ended June 30, 2010, under the section titled, "Performance Measures".(1)

(Calgary skyline bottom right photo)

 During the second quarter of 2010, the Trust sold and closed a total of 293 units in Calgary, Alberta; Regina, Saskatchewan; and Montreal, Quebec.

For a complete copy of the company's news release and financials, please contact:

Boardwalk REIT: Sam Kolias, CEO, (403) 531-9255;
Roberto Geremia, President, (403) 531-9255;
 William Wong, CFO, (403) 531-9255

HFF secures $26M refinancing for Back Bay/Fenway area apartments in Boston

 BOSTON, MA – The Boston office of HFF (Holliday Fenoglio Fowler, L.P.)  has arranged a $26 million refinancing for Landmark Square, (bottom right photo) a 132-unit, Class A multi-housing property in Boston’s Back Bay/Fenway area.

HFF senior managing director Bob Herron (top right photo), director Greg LaBine (top left photo)  and senior real estate analyst Porter Terry worked exclusively on behalf of the borrower, The Abbey Group, to secure the fixed-rate loan through Prudential Mortgage Capital Company.

 Loan proceeds are refinancing a maturing loan.

Landmark Square is located at 75 Peterborough Street within walking distance to the Longwood Medical area, Fenway Park and Symphony Hall.

Completed in 2000, the seven-story property has one-, two- and three-bedroom units averaging 984 square feet each. Landmark Square is 96% leased and includes an 89-space underground parking garage.

“Landmark Square was a very attractive transaction to bring to market given its high-quality sponsorship, Class A product, and location on an upscale street within close proximity to several of the city’s most prestigious educational institutions and cultural hubs,” said Herron.

The Abbey Group is a Boston-based commercial real estate developer and owner. The company’s current portfolio includes the Landmark Center mixed-use development, Lafayette Corporate Center and 45 Province.


Robert M. Herron, HFF Senior Managing Director, (617) 338-0990,
Gregory F. Labine, HFF Director,  (617) 338-0990,
Kristen M. Murphy, HFF Associate Director, Marketing,  (713) 852-3500,

Marcus & Millichap Sells 99-Room Rodeway Inn in Tampa for $1.3M

TAMPA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Rodeway Inn (top left photo) , a 99 room Hospitality property located in Tampa, FL, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

 The asset commanded a sales price of $1,300,000.

The buyer, a private investor, was secured and represented by Jaimin P. Patel (middle right photo) , Senior Associate and Niven Patel, (middle left photo)  Senior Associate, investment specialists in Marcus & Millichap’s Tampa office.

Rodeway Inn is located at 4139 E. Busch Blvd.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700
S. Sean Hamilton Named to Vice President Investments in Denver

DENVER, Aug. 12, 2010 – The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named S. Sean Hamilton (lower right photo)  to the position of vice president investments.

The achievement of vice president investment status is one of the highest levels of recognition the firm awards its sales agents.

 It represents excellence in client relationships, investment real estate expertise and sales volume, according to John J. Kerin, president and chief executive officer.

Most recently, Hamilton held the position of senior associate.

Hamilton began his career with Marcus & Millichap in 2001, specializing in multifamily investment sales.

Pontius Promoted to Lead Commercial Leased Investment Specialty Groups for Marcus & Millichap

ENCINO, CA, Aug. 13, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Alan N. Pontius (bottom left photo)  to national director of commercial leased investment properties, according to president and chief executive officer, John J. Kerin (lower right  photo) .

In his new position, Pontius will oversee all commercial leased investment property divisions for the firm, including the National Retail Group (NRG).

He will retain his position as national director of the National Office and Industrial Properties Group (NOIPG), which he held for the past nine years. The NOIPG is one of Marcus & Millichap’s fastest-growing specialty groups.

Pontius is based in the firm’s San Francisco office.

“Our national specialty groups, which focus on each major property sector, are set up to deliver optimum services to our clients while developing the skills, tools and communication of our investment professionals,” says Kerin.

“Al is uniquely qualified to continue our expansion and rapid growth in the commercial leased investment arena, given his extensive background as a successful agent, manager and senior executive with the firm and his relationships with major investors nationally.”

In 1985, Pontius began his career with Marcus & Millichap as a sales associate, and in this capacity he consistently ranked among the firm’s top 25 investment specialists. In 1993, he was appointed regional manager of the Palo Alto office, where he led that office to consistently rank among the top offices companywide.

Pontius was promoted to first vice president in 2000 and to senior vice president in 2002. Also in 2002, he was promoted to national director of the NOIPG. He was elected to managing director in 2007.

“I am excited to bring all of our resources as a highly specialized national firm to owners and investors, and help them navigate the market successfully,” says Pontius. “We have great momentum in leased investment sales and have become a leading source of market research and I look forward to building on that track record,” he continues.

Pontius’ industry trade affiliations include ICSC, NAIOP and ULI, where he is regularly called upon to present on U.S. real estate investment trends. He attended San Francisco State University.

Pontius replaces long-time partner Bernard J. Haddigan (lower left photo), a former senior vice president and managing director, who retired from the firm.

Contact: Stacey Corso, Public Relations Manager, 925) 953-1716