Tuesday, February 14, 2017

Arbor Named Top 10 Fannie Mae DUS® Lender 10 Years Straight

Ivan Kaufman
UNIONDALE, NY -- Arbor Realty Trust, Inc. (NYSE: ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets, has announced that for the 10th consecutive year it was recognized as a Top 10 Fannie Mae DUS® Multifamily Lender, finishing at number eight for 2016 total volume.  

“We are extremely proud to have achieved this milestone as it represents the ongoing growth and success of our core business and the continued commitment to our partnership with Fannie Mae,” said Arbor Chairman, President and CEO Ivan Kaufman.

“Achieving and sustaining this ranking year after year takes an incredible amount of teamwork, focus and dedication. 

"We have worked hard to understand our clients’ needs, provide them exceptional customer service and deliver them certainty of execution, helping them achieve their business goals again and again.”

Arbor’s attributes its success to decades of experience in the agency finance business, uniquely personal client service as well as a high level of transaction customization and flexibility through its strong partnership with Fannie Mae.

Jeffery Hayward

“Arbor’s 10th year of Top 10 status is a testament to the consistency and certainty of execution the company has exhibited throughout both strong and challenging real estate market cycles,” said Jeffery Hayward, Fannie Mae’s Executive Vice President and Head of Multifamily. 

"We are quite pleased to have such a long-standing partner in the multifamily finance sector and look forward to another decade of success together.”

 For over 20 years, Uniondale, NY-based Arbor Realty Trust, Inc. (NYSE: ABR) has been helping multifamily and commercial real estate clients achieve their financial goals by focusing on growing long-term relationships and conducting business as not simply another real estate lender, but a partner. We value our clients to such an extent that we are more comfortable calling them partners, and their relationships with Arbor are the foundation of our business.

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

Christopher Ostrowski

BKM Capital Partners Launches Second Value-Add Institutional Fund

Brian Malliet
 ORANGE COUNTY, CA – BKM Capital Partners, an institutional fund manager with a niche focus on value-add, multi-tenant light industrial and small and mid-bay industrial warehouse, has launched its second institutional fund, BKM Industrial Value Fund II, L.P., which will target $300 million in equity commitments, delivering $850 million in buying power.

            The fund, which will invest in the acquisition, improvement and repositioning of undervalued multi-tenant light industrial business parks in markets across the Western U.S., comes on the heels of the closing of BKM’s debut fund for which the firm raised more than $105 million in fund equity and $30 million in co-investment equity for a total of $135 million.

BKM Capital Partners was founded in 2013 by Brian Malliet and Nima Taghavi who both have 25+ year resumes in the commercial real estate world.

“There is a disconnect in the market in our niche asset class that has allowed us to consistently acquire these properties at a significant discount to replacement cost and peak pricing,” says Malliet, CEO and Co-Founder of BKM Capital Partners. “We have a deep pipeline of opportunities, which is why we have more than doubled our target equity goal for Fund II.”

BKM Capital Partners has already closed more than $340 million in transactions, recently bringing its first three Fund I assets full cycle, achieving IRRs above 38-percent on each asset and multiples ranging from 2.0-2.5.

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“The key to our platform’s success is our specific focus on multi-tenant light industrial assets, a strict underwriting discipline with a meaningful amount of margin of safety in all of our assumptions and an intensely hands on approach with our asset management and property management,” explains Nima Taghavi, Executive Chairman of BKM Capital Partners.

Taghavi notes that BKM Industrial Value Fund II will follow a similar strategy, targeting assets that provide a significant opportunity for value creation over the fund’s five-year term.

 BKM targets distressed assets that can be renovated, repositioned, and re-tenanted to drive maximum value. The BKM team is comprised of professionals with long careers in this product type focused on performance and strong yields for our investors.

BKM is unique in its ability to recognize value where others cannot, according to Malliet, who notes that this characteristic gives BKM insight to a deep pipeline of opportunities and an advantage over competitors.

“As specialized operators, we understand what works in these properties, and we know exactly how to execute,” says Malliet.  “Further, our deep broker relationships enable us to review off-market properties regularly, giving us the ability to create significant value by acquiring assets well below replacement cost and peak pricing.”

BKM’s current portfolio encompasses 18 properties in 4 states including assets in Las Vegas, Seattle, Oregon, and Phoenix, among others. The firm plans to continue to grow its portfolio in the Western U.S.

            As part of this continued growth of offices in Seattle, Phoenix, Las Vegas, and California, BKM Capital Partners has also relocated its headquarters to a recently renovated creative office building in Newport Beach, California. Previously located in Irvine, the firm will now be headquartered at 1701 Quail Street, Suite 100, Newport Beach, California 92660. For BKM, the new office space means improved client service, new amenities for employees and room for growth.

BKM has nearly tripled in size in the past year. BKM’s new offices are an open, collaborative space allowing for a better work environment for current and future staff.

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

Lauren Burgos
Junior Account Executive
Brower, Miller & Cole
895 Dove Street, Third Floor
Newport Beach, CA 92660
p: (949) 955-7940

 or contact Barbara Rea at 949-566-8800.

Cushman & Wakefield’s Mike Davis Reflects on Banner Year for Capital Markets

Mike Davis

TAMPA, FL, Feb. 14, 2017 — Cushman & Wakefield Executive Managing Director Mike Davis took time to reflect on current trends in commercial real estate and a banner year for his Capital Markets team and the firm.

Rick Brugge
Last year, Davis and fellow team members Senior Director Rick Brugge and Senior Director Michael Lerner, closed 33 transactions valued at more than $1.25 billion on nearly 9.0 million square feet of commercial property across the Southeast. According to Davis, the incredibly active investment sales market was fueled by a number of factors. These include:

·     Historically low interest rates
·     Excellent market fundamentals across the nation
·     Investor concerns about the rapid rise in stock and bond valuations
·     Concerns about future inflation
·     The increasing widespread acceptance of commercial real estate as a viable investment vehicle

“While most sectors have performed well, industrial is really the big story in the investment world,” said Davis. “Today, a lot of money is flowing into industrial and the business driver is e-commerce.”

“Our fundamentals are off the chain,” added Davis. “We’ve had record absorption over the last three years, unlike anything we’ve ever seen in the history of industrial real estate. 

"A significant portion of the industrial absorption over the last 36 months has been e-commerce-driven, as product moves off retail shelves and into warehouse and distribution facilities.”

On the office side, Davis and his team have witnessed solid fundamentals and measured growth.

Michael Lerner
“The key driver in office is the supply side, which is very constrained in most markets, and rents still have to come up somewhere between 10 and 20 percent to justify new construction,” explained Davis. “It is also extraordinarily difficult to get a construction loan and to build an office building today.”

Going forward, Davis believes the proposed policies of President Trump will help sustain capital markets in the near- to mid-term.

“Donald Trump is a real estate guy, so one would think he should be good for commercial real estate,” said Davis. “He’s also talking about stimulating the economy through massive infrastructure spending, and that should drive GDP growth. 

"Those two things should be very good for commercial real estate. The risk, of course, is that interest rate rises don’t outstrip anticipated GDP growth.”

“It’s been an extraordinarily robust time for commercial real estate,” said Davis. “In the investment space, we feel optimistic, and most of the clients we talk to feel very good about the short- and medium-term going forward.”

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

David A. Meyer
Meyer Media 
+ 1 407 489 7488

 or follow @CushWake on Twitter


The Keyes Company Racks Up Prestigious Industry Awards; Mark Sadek, Ron Yanks and Jimmy Branham receive honors from MIAMI Association of REALTORS®

Jimmy Branham
MIAMI, FL and FORT LAUDERDALE, FL | Feb. 14, 2017 – The Keyes Company is proud to announce that Mark Sadek, Ron Yanks and Jimmy Branham have received awards from the MIAMI Association of REALTORS®.  On Feb. 3, the MIAMI Association of REALTORS® held its 2017 Inaugural & Awards Celebration to honor its award recipients.

The event was held at the Seminole Hard Rock Hotel & Casino in Hollywood, Florida. More than 800 guests attended, including leaders and past presidents.

Sadek was named the 2016 Realtor of the Year. Last year, he was elected 2016 Chairman of the Board by the MIAMI Association of REALTORS®. Sadek is the district sales manager of Keyes’ Coral Springs office.

Yanks was named the 2016 Broward Community Advocate of the Year. He is the district sales manager of Keyes’ Hollywood office. Yanks currently serves as a Director of Florida Realtors® and is a Broward Governor of the MIAMI Association of REALTORS®.
Mark Sadek
Branham was named the 2016 Broward Young Professionals Network (YPN) of the Year. He is serving on the 2017 Leadership Board of YPN for the MIAMI Association of REALTORS®. Branham is also a Broward Governor of the MIAMI Association of REALTORS®. He is the assistant district sales manager of Keyes’ Coral Springs office.

“We’re so proud of Mark, Ron and Jimmy for being recognized by the largest local Realtor association in the nation,” said Mike Pappas, president and CEO of Keyes. “Our company thrives because of our associates’ hard work, dedication and commitment to being industry leaders. These three individuals are great examples for the entire team.”

Independently owned and operated since its founding in 1926, Keyes is extremely active in luxury residential real estate, including Keyes luxury divisions Valore Group Real Estate and Platinum Properties.

 Keyes annually sells $650 million in luxury homes priced at $1 million or more. The company expects to grow its annual sales velocity in that category to more than $1 billion.

Keyes is a Founding Member and Shareholder of Leading Real Estate Companies of the World®, a global network of more than 550 premier real estate firms encompassing 4,000 offices and more than 128,000 Sales Associates in 55 countries.

Ron Yanks
In July 2016, Keyes and Illustrated Properties announced the completion of a merger between the two companies, which continue to operate under their existing brands.

Following the merger, Keyes and Illustrated are, together, the largest independently-owned real estate firm in Florida and a Top 25-ranked firm in the entire United States. In Palm Beach County alone, the companies have in excess of 1,100 Sales Associates and produce double the volume of their closest competitor.

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

Jasmin Curtiss

O 954-370-8999
Bank of America Plaza | 1776 N Pine Island Road
Suite 320 | Fort Lauderdale, FL 33322

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