Tuesday, February 5, 2019

Alpha Partners Names Fabio Nogueira as Head of Charlotte, NC Office

Fabio Nogueira

NEW YORK, NY – Alpha Partners, a commercial real estate company that develops, invests and operates multifamily and select retail opportunities, announced today that Fabio Nogueira has been named Director, leading its Charlotte, NC office. Mr. Nogueira reports to Managing Partner, Avi Abroms.

In this role, Mr. Nogueira will lead the company’s efforts to make strategic commercial real estate investments focused on multifamily properties in the region, while Mr. Abroms will take the lead on other opportunistic investments.

With 15 years’ experience in the real estate industry, Mr. Nogueira, previously based in Brazil, served as GND Construções’ Managing Director, Quartzo Incorporadora’s CEO, and Construtora Modelo’s Director of Acquisition and Finance

GND and Quartzo were spun off from Construtora Modelo as separate construction and development companies, respectively, and Mr. Nogueira was active in establishing both.

Avi Abroms

“We are extremely fortunate to have Fabio head our Charlotte office as we look to achieve $100 million in acquisitions during the next two years,” said Avi Abroms, Managing Partner, Alpha Partners. 

“His years of experience managing a variety of real estate transactions and construction projects, coupled with extensive financial skills in private equity, loan originations, budgeting and asset management, positions us extremely well as we scale and build a platform that will enable us to build a portfolio of multifamily assets in the region.”

“I look forward to taking on this role at Alpha Partners and using my skills and experience to help move the company forward,” added Mr. Nogueira.

Mr. Nogueira holds a B.A. in Business Administration from Ibmec Business School in Brazil, a master’s degree in Real Estate Development from Columbia University, and two Executive Certificates in management and technology/operations from MIT.

Alpha Partners’ Charlotte, NC office is at 615 South College Street.

Alpha Partners is a commercial real estate owner and operator that delivers above-market, risk-adjusted returns for investors and strategic partners through proactive acquisitions and development. Alpha concentrates across the equity and debt/credit spectrum with investments in retail, office and multifamily. 

Alpha's opportunistic approach and entrepreneurial spirit, coupled with extensive local market relationships and knowledge, enables the firm to focus on small to mid-sized deals in niche markets, often overlooked by institutional players. 


Laura Schooler
Public Relations
Alpha Partners Group

BKM Capital Partners Confirms its Position as the Most Active Buyer of Light Multi-Tenant Industrial Portfolios in the Western U.S.

Brian Malliet
NEWPORT BEACH, CA BKM Capital Partners, an institutional fund manager with a niche focus on value-add, light industrial multi-tenant investments, has closed its strongest year yet with the acquisition of three multi-tenant industrial portfolios, bringing the firm’s total portfolio acquisitions in the past year to over $319 million spanning 2,000,000 square feet.

Just this week, the firm acquired a two-property portfolio consisting of four buildings totaling 99,187 square feet in San Diego, California.

“BKM is dominating the light multi-tenant industrial market, and we are widely recognized as the most active buyer of light multi-tenant industrial portfolios in the Western U.S.,” says Brian Malliet, Co-Founder and CEO of BKM Capital Partners.

Brett Turner

 “By acquiring assets that have already been assembled into portfolios, we are able to achieve geographic diversification and scale in markets where we continue to see opportunity for value creation on behalf of our investors.”

Most recently, the firm acquired three light industrial multi-tenant portfolios encompassing more than 769,411 square feet for a combined total of $138.7 million. Each of these acquisitions was acquired through BKM Industrial Value Fund II, L.P.

“We continue to focus on rapidly acquiring well-positioned properties in strong growth markets, while simultaneously ensuring that each acquisition is a precise fit with our niche investment strategy,” says Malliet.

“Through that strategy, we enhance value through extensive exterior capital improvements, strategic interior unit sizing and cosmetic improvements, and deliver an overall higher-end light industrial product for today’s new high-end manufacturing and warehousing users.”

The firm’s three newly acquired portfolios include:


BKM Capital Partners has acquired a two-property portfolio consisting of four buildings totaling 99,187 square feet in San Diego, California.

“We were able to acquire this portfolio below replacement cost and will be able to quickly drive down operating costs by leveraging the economies of scale created by our existing presence in the region,” says Turner who notes that BKM now owns 854,440 square feet throughout San Diego.

The portfolio is currently 96 percent occupied with rents that range from 20 percent to 39 percent below market rate.

“The near-full occupancy in this portfolio provides immediate cash flow while also giving our team an opportunity to bring rents up to market,” says Turner.

BKM plans to update both assets with creative exterior façades, new paint, modern landscaping, and upgraded tenant and monument signage, among other upgrades.

The properties are located at:

Del Abeto Commerce Center, 6352 and 6354 Corte del Abeto, Carlsbad, California
Waples Industrial Centre, 9540 and 9550 Waples Street, Sorrento Mesa, California

Mark Avilla at Cushman & Wakefield represented the seller, 3G Properties. BKM represented itself in the transaction.


            BKM has also acquired the South Bay Portfolio, which consists of five light industrial multi-tenant buildings totaling 221,651 square feet in Fremont, California.

            Strategically located off Interstate 880, the assets provide excellent access to East Bay markets to the north, San Jose to the south, and Palo Alto over the Dumbarton Bridge to the west, according to Turner.

“Fremont has quickly emerged as the manufacturing hub of the Bay Area, which will drive long-term demand for these properties,” says Turner.

 “Tenants are migrating to the region to take advantage of comparatively lower rates while maintaining a strong connection to the Silicon Valley and East Bay. This portfolio will benefit from the ongoing migration and evolution of traditional manufacturing facilities.

"As technological advances make the next wave of manufacturing more efficient, tenants are requiring less space, therefore, driving demand for smaller, light industrial multi-tenant assets.”

The property is currently 94 percent occupied by a diverse range of 13 different tenants with unit sizes ranging from 4,800 to 42,500 square feet.

Mark Avilla
“The diversification of tenants allows us to limit rollover exposure as no single tenant accounts for more than 20 percent of the property,” says Turner.

 “Rents across this portfolio are also currently 20 percent below market value. We will be able to quickly bring rents up to market as 50 percent of the leasable space expires within the first three years.

"We will also be able to capitalize on the increased rent growth throughout the region as more than 9.0 million square feet of industrial has or is currently being purchased and demolished by the tech giants such as Facebook, Apple, Google, and Amazon, which are building campuses in the place of existing industrial product.

Mark Detmer

" As a result, vacancy throughout Fremont continues to tighten and there is very limited new light industrial multi-tenant development planned over the next decade because of the shortage of land.”

According to Turner, BKM plans to implement new paint, landscape, signage and spec tenant improvements to modernize the property, while also addressing deferred maintenance.

The properties are located at 48430- 48490 Lakeview Blvd., 48500-48560 Fremont Blvd., 48400 Fremont Blvd., 47745-47787 Fremont Blvd., and 47703-47737 Fremont Blvd. in Fremont, California. 

Eastdil Secured represented the seller, Stockbridge. BKM represented itself in the transaction.

Bo Mills


            BKM has acquired a portfolio of four properties totaling 27 buildings and 448,573 square feet across California and Arizona.
 “This was a rare opportunity to acquire a highly functional, geographically diverse portfolio of scale well below replacement cost and strategically positioned to perform over the next several years,” explains Brett Turner, Managing Director of Acquisitions at BKM Capital Partners.

 “All assets in this portfolio are located in top-performing industrial infill submarkets and alongside key transportation corridors, making them attractive for last-mile delivery options and supporting long-term tenant demand.”

The portfolio is currently 87 percent occupied with in-place rents 15 percent below market value. BKM plans to implement a series of exterior and interior cosmetic improvements to the properties including the addition of multi-tone paint, the modernization of monument and tenant signage and landscaping, and addressing any structural deferred maintenance.

“We will be able to quickly stabilize the property by leasing remaining vacant space, as well as bringing rents up to market,” says Turner. “By implementing a comprehensive capital improvement plan, we will also be able to enhance the long-term value of the assets and further attract high-quality tenants.”

In addition to these benefits, BKM will also be able to increase cash flow by amassing economies of scale, according to Turner.
  “Each property is located approximately five minutes from a BKM property management office, which allows us to scale resources, ultimately driving down operating costs, increasing NOI across the portfolio, and maximizing returns to our investors,” he explains.

Ryan Sitov

The four properties are located at:

Fullerton Business Center, 4010-4080 North Palm Street in Fullerton, California. 
Ramona Business Center, 12901-13177 Ramona Boulevard in Irwindale, California.
Mowry Business Center, 39975-38995 Cherry Street in Newark, California.
Baseline Business Center, 230-245 Baseline Road in Tempe, Arizona.

Mark Detmer, Bo Mills, and Ryan Sitov at JLL represented the seller, Global Logistics Properties (GLP). BKM represented itself in the transaction.

Nima Taghavi
BKM Capital Partners, currently raising their second institutional fund, was founded in 2013 by Brian Malliet and Nima Taghavi.

Headquartered in Newport Beach, California, BKM Capital Partners is a fund manager specializing in the acquisition and improvement of value-add light industrial multi-tenant properties in metro areas across the Western U.S. 

 Additional information is available at www.bkmcapitalpartners.com


Alex Caswell/Lexi Astfalk
Brower Group
(949) 955-7940

HFF announces $36.6 million acquisition financing for Class A warehouse facility near Columbus, OH

Innovation Campus Within New Albany Business Park,
 New Albany, OH
COLUMBUS, OH, Feb. 5, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $36.6 million acquisition financing for a state-of-the-art, two-building, Class A bulk warehouse portfolio totaling approximately 720,000 square feet within New Albany Business Park in the Columbus-area community of New Albany, Ohio.

Eric Tupler
The HFF team worked on behalf of PAULS Corp. and the borrower, Dream Industrial US Holdings Inc., to place the 10-year, 4.57-percent, fixed-rate loan including one-year of interest only with a national bank.  The borrower purchased the assets in September 2018.

The two buildings are equipped with ample parking and docking, large floor-plates, wide column spacing and clear heights from 28 to 32 feet. 

The portfolio is home to multiple tenants that provide manufacturing, packaging and distribution of retail products to national retailers, including the international retailer, L Brands.  L Brands is the parent company to Victoria’s Secret, Bath & Body Works and many other retail stores. 

L Brand’s has called the Columbus area its global headquarters since 1963 and has invested a considerable amount into New Albany as its primary distribution hub. 

Kristian Lichtenfels
Situated on 39.06 acres at 8860 Smith’s Mill Road, the portfolio is located along eight miles of freeway and is adjacent to Ohio State Highway 161, which is accessible from five separate highway interchanges. 

 Furthermore, the portfolio is 14.3 miles from John Glenn Columbus International Airport and 25.5 miles from Rickenbacker International Port Authority, one of the world’s only cargo dedicated airports.

The HFF debt placement team representing the borrower included director Kristian Lichtenfels and senior managing director Eric Tupler.


HFF Director
(303) 515-8000

HFF Senior Managing Director
(303) 515-8000

HFF Digital Content/Public Relations Specialist
(713) 852-3420

Peachtree Hotel Group (PHG) Concludes Record 2018 with 14 Hotel Acquisitions and 10 Developments Totaling $495 Million

Brian Waldman

ATLANTA, GA,  Feb. 5, 2019—Officials of Peachtree Hotel Group (PHG), one of the nation’s fastest growing hotel investment and management platforms, today announced it concluded a record 2018 with 14 hotel acquisitions and 10 ground-up development projects totaling $495 million.

“Since our founding, we have cultivated a team of the industry’s leading professionals to refine our internal goals and strategies in order to be one of the most competitive investors in hotels,” said Brian Waldman, senior vice president of investments, Peachtree Hotel Group. 

“Peachtree has grown into a true value-add buyer, as evidenced by the improved quality of our assets and the further expansion of our portfolio nationwide.  We have worked hard to earn a reputation as an entity that can move quickly to underwrite, execute and close deals in a timely manner.”

PHG made the following acquisitions during 2018:

The 161-room SpringHill Suites Navarre Beach, FL

·        The 161-room SpringHill Suites Navarre Beach, FL
·        The 198-room Crowne Plaza in Wauwatosa, WI
·        The 138-room Hampton Inn & Suites in Jekyll Island, GA
·        The 129-room Four Points by Sheraton in Knoxville, TN
·        The 117-room Fairfield Inn & Suites in Charlottesville, VA
·        The 112-room TownePlace Suites in Southaven, MS
·        The 92-room Homewood Suites in Buckhead, GA
·        The 147-room Hilton Garden Inn in Kansas City, MO
·        The 109-room TownePlace Suites in Chandler, AZ
·        The 120-room Hampton Inn in Columbia, MO
·        The 94-room Homewood Suites in Daytona Beach, FL
·        The 90-room Staybridge Suites in Madison, WI
·        The 91-room Staybridge Suites in Middleton, WI
·        The 86-room Homewood Suites in Covington, LA

The new acquisitions total approximately $285 million and bring the company’s portfolio to 46 hotels totaling 5,511 rooms nationwide.
Peachtree also executed on 10 development deals last year, including:

·        The 165-room Element in Orlando, FL
·        The 140-room Hotel Indigo in Gainesville, FL
·        The 136-room Fairfield Inn & Suites in St. Louis, MO
·        The 105-room Homewood Suites in Destin, FL
·        The 130-room Home2 Suites in Lawrenceville, GA
·        The 119-room Courtyard in Plainfield, IN
·        The 100-room Courtyard in Kennesaw, GA
·        The 98-room Hilton Garden Inn in Jackson, TN
·        The 90-room Home2 Suites in St. Augustine, FL
·        The 106-room Home2 Suites in San Antonio, TX

“Our development pipeline has improved, as well,” Waldman noted.  “Currently, we have a strong pipeline of investments that we plan to execute in 2019, ranging from an urban, dual branded development project in Atlanta to multiple ground-up hotel projects located in Opportunity Zones throughout the country.”

Brent LeBlanc
            “We continue to explore new opportunities to accommodate our aggressive growth plans, from co-development with partners to opportunity zone funding,” said Brent LeBlanc, senior vice president, Peachtree Hotel Group. 

 “Metrics continue to point towards further industry growth, and Peachtree looks to take advantage of the prevailing winds.”

For more information, please visit www.peachtreehotelgroup.com.


Chris Daly, Daly Gray Public Relations
Phone: 703-435-6293

CHMWarnick Expands Accounting Services for Hotel Asset Management Clients

Celeste Cloutier Ledoux

BOSTON, MA and PHOENIX, AZ (Feb.5, 2018)–CHMWarnick, the preeminent asset manager and business advisor to the hotel investment community, announced today it has expanded its accounting services available to asset management clients. 

 While the company previously offered accounting services on a request-only basis, this marks CHMWarnick’s formal entry into the space, making it the only third-party hotel asset management company providing full owner-entity accounting capabilities.

“Most hotel operators account purely for hotel operations, which is only one facet of the decision-making process affecting the overall investment,” said Chad Crandell, CEO and managing director, CHMWarnick. 

 “Owners still are responsible for a variety of accounting requirements, including fixed asset accounting, debt and equity activity and managing cash flow after debt service.

"In more complex ownership structures, there is a need to account for any REIT operating leases and coordinate audit and tax compliance. This gap in services is often overlooked when the deal is initially put together.

Chad Crandell

"While some hotel investors can perform these functions in-house, many cannot – and some do not want to add the accounting infrastructure to do so.

"This level of disconnect can have a noticeable negative impact on an investment’s bottom line, so we’ve created a package of specialized accounting services to assist owners through all stages of investment, from acquisition through disposition.”  
“CHMWarnick is the first and currently only asset management firm that provides a full suite of accounting services tailored to hotel owners,” said Celeste Cloutier Ledoux, CPA, CFO and managing director, CHMWarnick. 

“We view accounting as a critical pillar in providing comprehensive services to the hotel investment community, and it’s something owners need to consider.

While we have been providing various accounting services upon request since 2001, we’ve more recently expanded our offering based on investor response to the value we’ve been able to achieve through our efforts and expertise.”

Having this accounting expertise in-house also has proven to further elevate the firm’s asset management capabilities and effectiveness in delivering value for hotel owners.

“Close collaboration between our accounting and asset management teams allows for creative strategies surrounding cash planning, capital expenditures, brand matters, taxes and insurance, to name a few,” Ledoux noted. 

“This synergy provides enhanced results and earlier detection of issues surrounding cash flow that can be mitigated or, at minimum, planned for by ownership, which is often overlooked as part of the typical asset management function.”  

CHMWarnick’s accounting professionals specialize in hospitality real estate and can provide services in five different languages. The team provides ownership accounting services for a wide range of clients with hotels comprising over 10,000 guestrooms. 

These include simple to highly complex entity structures, such as REITs, public bond financed hotels and foreign investment entities. 

For more information, please contact 978.522.7002 or visit www.CHMWarnick.com

For the latest company news, follow CHMWarnick on Twitter @CHMWarnick and LinkedIn.


Chris Daly, Daly Gray Public Relations
Phone: 703-435-6293